Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 02, 2017

Equity [Abstract]

Summary of Accumulated Other Comprehensive Income (Loss)

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

(in thousands)	April 2, 2017			Pre-tax Activity			Tax Effect			July 2, 2017
Net pension activity:
Actuarial loss	$	(71,897	)	$	807		$	(312	)	$	(71,402	)
Prior service costs		(57	)		7			(2	)		(52	)
Net postretirement benefits activity:
Actuarial loss		(23,713	)		648			(250	)		(23,315	)
Prior service costs		3,221			(746	)		288			2,763
Foreign currency translation adjustment		(9	)		22			(8	)		5
Total	$	(92,455	)	$	738		$	(284	)	$	(92,001	)

(in thousands)	April 3, 2016			Pre-tax Activity			Tax Effect			July 3, 2016
Net pension activity:
Actuarial loss	$	(67,788	)	$	740		$	(285	)	$	(67,333	)
Prior service costs		(74	)		7			(2	)		(69	)
Net postretirement benefits activity:
Actuarial loss		(19,465	)		588			(227	)		(19,104	)
Prior service costs		5,228			(840	)		324			4,712
Foreign currency translation adjustment		5			(8	)		2			(1	)
Total	$	(82,094	)	$	487		$	(188	)	$	(81,795	)

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

(in thousands)	January 1, 2017			Pre-tax Activity			Tax Effect			July 2, 2017
Net pension activity:
Actuarial loss	$	(72,393	)	$	1,614		$	(623	)	$	(71,402	)
Prior service costs		(61	)		14			(5	)		(52	)
Net postretirement benefits activity:
Actuarial loss		(24,111	)		1,296			(500	)		(23,315	)
Prior service costs		3,679			(1,492	)		576			2,763
Foreign currency translation adjustment		(11	)		26			(10	)		5
Total	$	(92,897	)	$	1,458		$	(562	)	$	(92,001	)

(in thousands)	January 3, 2016			Pre-tax Activity			Tax Effect			July 3, 2016
Net pension activity:
Actuarial loss	$	(68,243	)	$	1,481		$	(571	)	$	(67,333	)
Prior service costs		(78	)		14			(5	)		(69	)
Net postretirement benefits activity:
Actuarial loss		(19,825	)		1,175			(454	)		(19,104	)
Prior service costs		5,744			(1,680	)		648			4,712
Foreign currency translation adjustment		(5	)		7			(3	)		(1	)
Total	$	(82,407	)	$	997		$	(385	)	$	(81,795	)

Summary of Impact of Accumulated Other Comprehensive Income (Loss) on Statement of Operations

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

	Second Quarter 2017
(in thousands)	Net Pension Activity		NetPostretirement Benefits Activity			Foreign Currency Translation Adjustment		Total
Cost of sales	$	171	$	(22	)	$	-	$	149
Selling, delivery & administrative expenses		643		(76	)		22		589
Subtotal pre-tax		814		(98	)		22		738
Income tax expense		314		(38	)		8		284
Total after tax effect	$	500	$	(60	)	$	14	$	454

	Second 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		672		(214	)		(8	)		450
Subtotal pre-tax		747		(252	)		(8	)		487
Income tax expense		287		(97	)		(2	)		188
Total after tax effect	$	460	$	(155	)	$	(6	)	$	299

	First Half 2017
(in thousands)	Net Pension Activity		NetPostretirement Benefits Activity			Foreign Currency Translation Adjustment		Total
Cost of sales	$	326	$	(42	)	$	-	$	284
Selling, delivery & administrative expenses		1,302		(154	)		26		1,174
Subtotal pre-tax		1,628		(196	)		26		1,458
Income tax expense		628		(76	)		10		562
Total after tax effect	$	1,000	$	(120	)	$	16	$	896

	First Half 2016
(in thousands)	Net Pension Activity		NetPostretirement Benefits Activity			Foreign Currency Translation Adjustment		Total
Cost of sales	$	150	$	(76	)	$	-	$	74
Selling, delivery & administrative expenses		1,345		(429	)		7		923
Subtotal pre-tax		1,495		(505	)		7		997
Income tax expense		576		(194	)		3		385
Total after tax effect	$	919	$	(311	)	$	4	$	612