Accumulated Other Comprehensive Loss

9 Months Ended

Oct. 02, 2016

Equity [Abstract]

Accumulated Other Comprehensive Loss

14.Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is comprised of adjustments relative to the Company’s pension and postretirement medical benefit plans and foreign currency translation adjustments required for a subsidiary of the Company that performs data analysis and provides consulting services outside the United States.

A summary of accumulated other comprehensive loss for the third quarter of 2016 and the third quarter of 2015 is as follows:

(in thousands)	July 3, 2016			Pre-tax Activity			Tax Effect			October 2, 2016
Net pension activity:
Actuarial loss	$	(67,333	)	$	741		$	(286	)	$	(66,878	)
Prior service costs		(69	)		7			(3	)		(65	)
Net postretirement benefits activity:
Actuarial loss		(19,104	)		587			(226	)		(18,743	)
Prior service costs		4,712			(840	)		324			4,196
Foreign currency translation adjustment		(1	)		4			(1	)		2
Total	$	(81,795	)	$	499		$	(192	)	$	(81,488	)

(in thousands)	June 28, 2015			Pre-tax Activity			Tax Effect			September 27, 2015
Net pension activity:
Actuarial loss	$	(73,890	)	$	795		$	(305	)	$	(73,400	)
Prior service costs		(88	)		9			(2	)		(81	)
Net postretirement benefits activity:
Actuarial loss		(21,878	)		717			(275	)		(21,436	)
Prior service costs		6,780			(840	)		322			6,262
Foreign currency translation adjustment		(5	)		-			1			(4	)
Total	$	(89,081	)	$	681		$	(259	)	$	(88,659	)

A summary of accumulated other comprehensive loss for the first three quarters of 2016 and the first three quarters of 2015 is as follows:

(in thousands)	January 3, 2016			Pre-tax Activity			Tax Effect			October 2, 2016
Net pension activity:
Actuarial loss	$	(68,243	)	$	2,222		$	(857	)	$	(66,878	)
Prior service costs		(78	)		21			(8	)		(65	)
Net postretirement benefits activity:
Actuarial loss		(19,825	)		1,762			(680	)		(18,743	)
Prior service costs		5,744			(2,520	)		972			4,196
Foreign currency translation adjustment		(5	)		11			(4	)		2
Total	$	(82,407	)	$	1,496		$	(577	)	$	(81,488	)

(in thousands)	December 28, 2014			Pre-tax Activity			Tax Effect			September 27, 2015
Net pension activity:
Actuarial loss	$	(74,867	)	$	2,386		$	(919	)	$	(73,400	)
Prior service costs		(99	)		27			(9	)		(81	)
Net postretirement benefits activity:
Actuarial loss		(22,759	)		2,152			(829	)		(21,436	)
Prior service costs		7,812			(2,520	)		970			6,262
Foreign currency translation adjustment		(1	)		(6	)		3			(4	)
Total	$	(89,914	)	$	2,039		$	(784	)	$	(88,659	)

A summary of the impact on the income statement line items is as follows:

	Third Quarter 2016
(in thousands)	Net Pension Activity		NetPostretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	75	$	(38	)	$	-		$	37
Selling, delivery & administrative expenses		673		(215	)		4			462
Subtotal pre-tax		748		(253	)		4			499
Income tax expense		289		(98	)		1			192
Total after tax effect	$	459	$	(155	)	$	3		$	307
	Third Quarter 2015
(in thousands)	Net Pension Activity		NetPostretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	88	$	(17	)	$	-		$	71
Selling, delivery & administrative expenses		716		(106	)		-			610
Subtotal pre-tax		804		(123	)		-			681
Income tax expense		307		(47	)		(1	)		259
Total after tax effect	$	497	$	(76	)	$	1		$	422

	First Three Quarters 2016
(in thousands)	Net Pension Activity		NetPostretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	224	$	(114	)	$	-		$	110
Selling, delivery & administrative expenses		2,019		(644	)	$	11			1,386
Subtotal pre-tax		2,243		(758	)		11			1,496
Income tax expense		865		(292	)	$	4			577
Total after tax effect	$	1,378	$	(466	)	$	7		$	919
	First Three Quarters 2015
(in thousands)	Net Pension Activity		NetPostretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	265	$	(52	)	$	-		$	213
Selling, delivery & administrative expenses		2,148		(316	)		(6	)		1,826
Subtotal pre-tax		2,413		(368	)		(6	)		2,039
Income tax expense		928		(141	)		(3	)		784
Total after tax effect	$	1,485	$	(227	)	$	(3	)	$	1,255