Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 01, 2018

Summary of Accumulated Other Comprehensive (Loss)

A summary of AOCI(L) for the second quarter of 2018 and the second quarter of 2017 is as follows:

(in thousands)	April 1, 2018			Pre-tax Activity			Tax Effect			July 1, 2018
Net pension activity:
Actuarial loss	$	(77,915	)	$	933		$	(230	)	$	(77,212	)
Prior service costs		(39	)		6			(1	)		(34	)
Net postretirement benefits activity:
Actuarial loss		(23,142	)		499			(124	)		(22,767	)
Prior service costs		1,396			(462	)		114			1,048
Recognized loss due to October 2017 Divestitures⁽¹⁾		6,220			-			-			6,220
Foreign currency translation adjustment		17			(12	)		3			8
Total	$	(93,463	)	$	964		$	(238	)	$	(92,737	)

⁽¹⁾

Recognized loss due to the divestiture of the Deep South and Somerset Exchange Business and the Florence and Laurel Distribution Business during the fourth quarter of 2017.

(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	)

A summary of AOCI(L) for the first half of 2018 and the first half of 2017 is as follows:

(in thousands)	December 31, 2017			Pre-tax Activity			Tax Effect			July 1, 2018
Net pension activity:
Actuarial loss	$	(78,618	)	$	1,866		$	(460	)	$	(77,212	)
Prior service costs		(43	)		12			(3	)		(34	)
Net postretirement benefits activity:
Actuarial loss		(23,519	)		998			(246	)		(22,767	)
Prior service costs		1,744			(924	)		228			1,048
Recognized loss due to October 2017 Divestitures⁽¹⁾		6,220			-			-			6,220
Foreign currency translation adjustment		14			(8	)		2			8
Total	$	(94,202	)	$	1,944		$	(479	)	$	(92,737	)

⁽¹⁾

Recognized loss due to the divestiture of the Deep South and Somerset Exchange Business and the Florence and Laurel Distribution Business during the fourth quarter of 2017.

(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	)

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

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

	Second Quarter 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment			Total
Cost of sales	$	215	$	7	$	-		$	222
Selling, delivery & administrative expenses		724		30		(12	)		742
Subtotal pre-tax		939		37		(12	)		964
Income tax expense		231		10		(3	)		238
Total after tax effect	$	708	$	27	$	(9	)	$	726

	Second Quarter 2017
(in thousands)	Net Pension Activity		Net Postretirement 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

	First Half 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment			Total
Cost of sales	$	431	$	13	$	-		$	444
Selling, delivery & administrative expenses		1,447		61		(8	)		1,500
Subtotal pre-tax		1,878		74		(8	)		1,944
Income tax expense		463		18		(2	)		479
Total after tax effect	$	1,415	$	56	$	(6	)	$	1,465

	First Half 2017
(in thousands)	Net Pension Activity		Net Postretirement 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