Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Apr. 02, 2017

A summary of AOCI(L) for the first quarter of 2017 and the first quarter of 2016 is as follows:

(in thousands)	January 1, 2017			Pre-tax Activity			Tax Effect			April 2, 2017
Net pension activity:
Actuarial loss	$	(72,393	)	$	807		$	(311	)	$	(71,897	)
Prior service costs		(61	)		7			(3	)		(57	)
Net postretirement benefits activity:
Actuarial loss		(24,111	)		648			(250	)		(23,713	)
Prior service costs		3,679			(746	)		288			3,221
Foreign currency translation adjustment		(11	)		4			(2	)		(9	)
Total AOCI(L)	$	(92,897	)	$	720		$	(278	)	$	(92,455	)

(in thousands)	January 3, 2016			Pre-tax Activity			Tax Effect			April 3, 2016
Net pension activity:
Actuarial loss	$	(68,243	)	$	741		$	(286	)	$	(67,788	)
Prior service costs		(78	)		7			(3	)		(74	)
Net postretirement benefits activity:
Actuarial loss		(19,825	)		587			(227	)		(19,465	)
Prior service costs		5,744			(840	)		324			5,228
Foreign currency translation adjustment		(5	)		15			(5	)		5
Total AOCI(L)	$	(82,407	)	$	510		$	(197	)	$	(82,094	)

A summary of the impact of AOCI(L) on the income statement line items is as follows:

	First Quarter 2017
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment		Total
Cost of sales	$	155	$	(20	)	$	-	$	135
Selling, delivery & administrative expenses		659		(78	)		4		585
Subtotal pre-tax		814		(98	)		4		720
Income tax expense		314		(38	)		2		278
Total after tax effect	$	500	$	(60	)	$	2	$	442

	First Quarter 2016
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment		Total
Cost of sales	$	75	$	(38	)	$	-	$	37
Selling, delivery & administrative expenses		673		(215	)		15		473
Subtotal pre-tax		748		(253	)		15		510
Income tax expense		289		(97	)		5		197
Total after tax effect	$	459	$	(156	)	$	10	$	313