Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 29, 2019

A summary of AOCI(L) for the third quarter of 2019 and the third quarter of 2018 is as follows:

(in thousands)	June 30, 2019			Pre-tax Activity			Tax Effect			September 29, 2019
Net pension activity:
Actuarial loss	$	(71,332	)	$	901		$	(222	)	$	(70,653	)
Prior service costs		(15	)		5			(1	)		(11	)
Net postretirement benefits activity:
Actuarial loss		(4,607	)		196			(48	)		(4,459	)
Prior service costs		(136	)		(324	)		80			(380	)
Interest rate swap		-			(496	)		122			(374	)
Foreign currency translation adjustment		(4	)		(23	)		6			(21	)
Reclassification of stranded tax effects		(19,720	)		-			-			(19,720	)
Total	$	(95,814	)	$	259		$	(63	)	$	(95,618	)

(in thousands)	July 1, 2018			Pre-tax Activity			Tax Effect			September 30, 2018
Net pension activity:
Actuarial loss	$	(77,212	)	$	934		$	(231	)	$	(76,509	)
Prior service costs		(34	)		6			(2	)		(30	)
Net postretirement benefits activity:
Actuarial loss		(16,547	)		499			(123	)		(16,171	)
Prior service costs		1,048			(462	)		114			700
Foreign currency translation adjustment		8			(2	)		1			7
Total	$	(92,737	)	$	975		$	(241	)	$	(92,003	)

A summary of AOCI(L) for the first nine months of 2019 and the first nine months of 2018 is as follows:

(in thousands)	December 30, 2018			Pre-tax Activity			Tax Effect			September 29, 2019
Net pension activity:
Actuarial loss	$	(72,690	)	$	2,702		$	(665	)	$	(70,653	)
Prior service costs		(24	)		17			(4	)		(11	)
Net postretirement benefits activity:
Actuarial loss		(4,902	)		587			(144	)		(4,459	)
Prior service costs		351			(970	)		239			(380	)
Interest rate swap		-			(496	)		122			(374	)
Foreign currency translation adjustment		-			(26	)		5			(21	)
Reclassification of stranded tax effects		-			-			(19,720	)		(19,720	)
Total	$	(77,265	)	$	1,814		$	(20,167	)	$	(95,618	)

(in thousands)	December 31, 2017			Pre-tax Activity			Tax Effect			September 30, 2018
Net pension activity:
Actuarial loss	$	(78,618	)	$	2,800		$	(691	)	$	(76,509	)
Prior service costs		(43	)		18			(5	)		(30	)
Net postretirement benefits activity:
Actuarial loss		(17,299	)		1,497			(369	)		(16,171	)
Prior service costs		1,744			(1,386	)		342			700
Foreign currency translation adjustment		14			(10	)		3			7
Total	$	(94,202	)	$	2,919		$	(720	)	$	(92,003	)

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

	Third Quarter 2019
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Interest Rate Swap			Foreign Currency Translation Adjustment			Total
Cost of sales	$	265	$	(67	)	$	-		$	-		$	198
Selling, delivery and administrative expenses		641		(61	)		(496	)		(23	)		61
Subtotal pre-tax		906		(128	)		(496	)		(23	)		259
Income tax expense		223		(32	)		(122	)		(6	)		63
Total after tax effect	$	683	$	(96	)	$	(374	)	$	(17	)	$	196

	Third Quarter 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment			Total
Cost of sales	$	217	$	6	$	-		$	223
Selling, delivery and administrative expenses		723		31		(2	)		752
Subtotal pre-tax		940		37		(2	)		975
Income tax expense		233		9		(1	)		241
Total after tax effect	$	707	$	28	$	(1	)	$	734

	First Nine Months 2019
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Interest Rate Swap			Foreign Currency Translation Adjustment			Total
Cost of sales	$	794	$	(200	)	$	-		$	-		$	594
Selling, delivery and administrative expenses		1,925		(183	)		(496	)		(26	)		1,220
Subtotal pre-tax		2,719		(383	)		(496	)		(26	)		1,814
Income tax expense		669		(95	)		(122	)		(5	)		447
Total after tax effect	$	2,050	$	(288	)	$	(374	)	$	(21	)	$	1,367

	First Nine Months 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment			Total
Cost of sales	$	648	$	19	$	-		$	667
Selling, delivery and administrative expenses		2,170		92		(10	)		2,252
Subtotal pre-tax		2,818		111		(10	)		2,919
Income tax expense		696		27		(3	)		720
Total after tax effect	$	2,122	$	84	$	(7	)	$	2,199