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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 30, 2018
Equity [Abstract]  
Summary of Accumulated Other Comprehensive (Loss)

A summary of AOCI(L) for 2018, 2017 and 2016 is as follows:

  

 

 

 

 

 

 

Gains (Losses) During the Period

 

 

Reclassification to Income

 

 

 

 

 

 

 

December 31,

 

 

Pre-tax

 

 

Tax

 

 

Pre-tax

 

 

Tax

 

 

December 30,

 

(in thousands)

 

2017

 

 

Activity

 

 

Effect

 

 

Activity

 

 

Effect

 

 

2018

 

Net pension activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial loss

 

$

(78,618

)

 

$

4,036

 

 

$

(993

)

 

$

3,830

 

 

$

(945

)

 

$

(72,690

)

Prior service costs

 

 

(43

)

 

 

-

 

 

 

-

 

 

 

25

 

 

 

(6

)

 

 

(24

)

Net postretirement benefits activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial loss

 

 

(23,519

)

 

 

14,552

 

 

 

(3,580

)

 

 

1,889

 

 

 

(464

)

 

 

(11,122

)

Prior service credits

 

 

1,744

 

 

 

-

 

 

 

-

 

 

 

(1,847

)

 

 

454

 

 

 

351

 

Recognized loss due to the October 2017 Divestitures

 

 

6,220

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

6,220

 

Foreign currency translation adjustment

 

 

14

 

 

 

-

 

 

 

-

 

 

 

(19

)

 

 

5

 

 

 

-

 

Total AOCI(L)

 

$

(94,202

)

 

$

18,588

 

 

$

(4,573

)

 

$

3,878

 

 

$

(956

)

 

$

(77,265

)

 

 

 

 

 

 

 

Gains (Losses) During the Period

 

 

Reclassification to Income

 

 

 

 

 

 

 

January 1,

 

 

Pre-tax

 

 

Tax

 

 

Pre-tax

 

 

Tax

 

 

December 31,

 

(in thousands)

 

2017

 

 

Activity

 

 

Effect

 

 

Activity

 

 

Effect

 

 

2017

 

Net pension activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial loss

 

$

(72,393

)

 

$

(11,219

)

 

$

2,768

 

 

$

3,402

 

 

$

(1,176

)

 

$

(78,618

)

Prior service costs

 

 

(61

)

 

 

-

 

 

 

-

 

 

 

28

 

 

 

(10

)

 

 

(43

)

Net postretirement benefits activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial loss

 

 

(24,111

)

 

 

(1,796

)

 

 

443

 

 

 

2,942

 

 

 

(997

)

 

 

(23,519

)

Prior service credits

 

 

3,679

 

 

 

-

 

 

 

-

 

 

 

(2,982

)

 

 

1,047

 

 

 

1,744

 

Recognized loss due to the October 2017 Divestitures

 

 

-

 

 

 

-

 

 

 

-

 

 

 

8,257

 

 

 

(2,037

)

 

 

6,220

 

Foreign currency translation adjustment

 

 

(11

)

 

 

-

 

 

 

-

 

 

 

40

 

 

 

(15

)

 

 

14

 

Total AOCI(L)

 

$

(92,897

)

 

$

(13,015

)

 

$

3,211

 

 

$

11,687

 

 

$

(3,188

)

 

$

(94,202

)

 

 

 

 

 

 

 

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 credits

 

 

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

)

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

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

 

 

 

Fiscal 2018

 

(in thousands)

 

Net Pension

Activity

 

 

Net Postretirement

Benefits Activity

 

 

Foreign Currency

Translation Adjustment

 

 

Total

 

Cost of sales

 

$

886

 

 

$

7

 

 

$

-

 

 

$

893

 

SD&A expenses

 

 

2,968

 

 

 

35

 

 

 

(19

)

 

 

2,984

 

Subtotal pre-tax

 

 

3,854

 

 

 

42

 

 

 

(19

)

 

 

3,877

 

Income tax expense

 

 

950

 

 

 

10

 

 

 

(5

)

 

 

955

 

Total after tax effect

 

$

2,904

 

 

$

32

 

 

$

(14

)

 

$

2,922

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2017

 

(in thousands)

 

Net Pension

Activity

 

 

Net Postretirement

Benefits Activity

 

 

Foreign Currency

Translation Adjustment

 

 

Total

 

Cost of sales

 

$

377

 

 

$

(9

)

 

$

-

 

 

$

368

 

SD&A expenses

 

 

3,053

 

 

 

(31

)

 

 

40

 

 

 

3,062

 

Subtotal pre-tax

 

 

3,430

 

 

 

(40

)

 

 

40

 

 

 

3,430

 

Income tax expense

 

 

1,186

 

 

 

(50

)

 

 

15

 

 

 

1,151

 

Total after tax effect

 

$

2,244

 

 

$

10

 

 

$

25

 

 

$

2,279

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2016

 

(in thousands)

 

Net Pension

Activity

 

 

Net Postretirement

Benefits Activity

 

 

Foreign Currency

Translation Adjustment

 

 

Total

 

Cost of sales

 

$

331

 

 

$

(174

)

 

$

-

 

 

$

157

 

SD&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