Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Jan. 01, 2017

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

16. Accumulated Other Comprehensive Income (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) (“AOCI(L)”) is as follows:

				Gains (Losses) During the Period					Reclassification to Income
	January 3,			Pre-tax			Tax		Pre-tax			Tax			January 1,
(in thousands)	2016			Activity			Effect		Activity			Effect			2017
Net pension activity:
Actuarial loss	$	(68,243	)	$	(9,777	)	$	3,764	$	3,031		$	(1,168	)	$	(72,393	)
Prior service costs		(78	)		-			-		28			(11	)		(61	)
Net postretirement benefits activity:
Actuarial loss		(19,825	)		(9,152	)		3,523		2,186			(843	)		(24,111	)
Prior service costs		5,744			-			-		(3,360	)		1,295			3,679
Foreign currency translation adjustment		(5	)		-			-		(11	)		5			(11	)
Total AOCI(L)	$	(82,407	)	$	(18,929	)	$	7,287	$	1,874		$	(722	)	$	(92,897	)

				Gains (Losses) During the Period					Reclassification to Income
	December 28,			Pre-tax		Tax			Pre-tax			Tax			January 3,
(in thousands)	2014			Activity		Effect			Activity			Effect			2016
Net pension activity:
Actuarial loss	$	(74,867	)	$	7,513	$	(2,877	)	$	3,230		$	(1,242	)	$	(68,243	)
Prior service costs		(99	)		-		-			35			(14	)		(78	)
Net postretirement benefits activity:
Actuarial loss		(22,759	)		1,599		(613	)		3,164			(1,216	)		(19,825	)
Prior service costs		7,812			-		-			(3,360	)		1,292			5,744
Foreign currency translation adjustment		(1	)		-		-			(8	)		4			(5	)
Total AOCI(L)	$	(89,914	)	$	9,112	$	(3,490	)	$	3,061		$	(1,176	)	$	(82,407	)

				Gains (Losses) During the Period						Reclassification to Income
	December 29,			Pre-tax			Tax			Pre-tax			Tax			December 28,
(in thousands)	2013			Activity			Effect			Activity			Effect			2014
Net pension activity:
Actuarial loss	$	(43,028	)	$	(53,597	)	$	20,688		$	1,743		$	(673	)	$	(74,867	)
Prior service costs		(121	)		-			-			36			(14	)		(99	)
Net postretirement benefits activity:
Actuarial loss		(18,441	)		(9,324	)		3,598			2,293			(885	)		(22,759	)
Prior service costs		3,410			8,682			(3,351	)		(1,513	)		584			7,812
Foreign currency translation adjustment		4			-			-			(9	)		4			(1	)
Total AOCI(L)	$	(58,176	)	$	(54,239	)	$	20,935		$	2,550		$	(984	)	$	(89,914	)

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

	Fiscal 2016
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	331	$	(174	)	$	-		$	157
S,D&A expenses		2,728		(1,000	)		(11	)		1,717
Subtotal pre-tax		3,059		(1,174	)		(11	)		1,874
Income tax expense		1,179		(452	)		(5	)		722
Total after tax effect	$	1,880	$	(722	)	$	(6	)	$	1,152
	Fiscal 2015
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	359	$	(27	)	$	-		$	332
S,D&A expenses		2,906		(169	)		(8	)		2,729
Subtotal pre-tax		3,265		(196	)		(8	)		3,061
Income tax expense		1,256		(76	)		(4	)		1,176
Total after tax effect	$	2,009	$	(120	)	$	(4	)	$	1,885
	Fiscal 2014
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	356	$	101		$	-		$	457
S,D&A expenses		1,423		679			(9	)		2,093
Subtotal pre-tax		1,779		780			(9	)		2,550
Income tax expense		687		301			(4	)		984
Total after tax effect	$	1,092	$	479		$	(5	)	$	1,566