STOCKHOLDERS' EQUITY

6 Months Ended

Jul. 04, 2015

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

4.    STOCKHOLDERS’ EQUITY

Activity for the six months ended July 4, 2015 in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts was as follows:

In thousands	Capital in Excess of Par Value			Retained Earnings			Common Stock in Treasury, at Cost
Balance as of January 3, 2015	$	199,100		$	1,145,643		$	(1,291,583	)
Net loss	--			(46,680		)	--
Exercise of stock options	--			(1,919		)	4,347
Restricted shares issued, net of cancellations and shares withheld for taxes	--			(2,478		)	1,321
Share-based compensation	12,756			--			--
Balance as of July 4, 2015	$	211,856		$	1,094,566		$	(1,285,915	)
Activity for the six months ended July 5, 2014 in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts was as follows:
In thousands	Capital in Excess of Par Value			Retained Earnings			Common Stock in Treasury, at Cost
Balance as of December 28, 2013	$	155,984		$	1,020,633		$	(1,364,657	)
Net income	--			41,766			--
Exercise of stock options	--			(20,033		)	60,161
Restricted shares issued, net of cancellations and shares withheld for taxes	--			(8,705		)	4,190
Share-based compensation	31,878			--			--
Balance as of July 5, 2014	$	187,862		$	1,033,661		$	(1,300,306	)
Accumulated other comprehensive (loss) income consisted of the following:
In thousands	July 4, 2015			January 3, 2015			July 5, 2014
Cumulative translation adjustment, net of income taxes of $0	$	(34,310	)	$	(32,096	)	$	(20,374	)
Unrealized gains on cash flow hedging derivatives, net of income taxes of $764, $1,168 and $153, respectively	1,380			2,110			251
Accumulated other comprehensive loss, net of income taxes	$	(32,930	)	$	(29,986	)	$	(20,123	)

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the six months ended July 4, 2015:

In thousands	Cumulative Translation Adjustment			Unrealized Gains (Losses) on Cash Flow Hedging Derivatives
Balance as of January 3, 2015	$	(32,096	)	$	2,110
Other comprehensive loss before reclassification	(2,214		)	(509		)
Amounts reclassified from accumulated other comprehensive income	--			(221		)
Net current-period other comprehensive loss	(2,214		)	(730		)
Balance as of July 4, 2015	$	(34,310	)	$	1,380

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the six months ended July 5, 2014:

In thousands	Cumulative Translation Adjustment			Unrealized Gains (Losses) on Cash Flow Hedging Derivatives
Balance as of December 28, 2013	$	(21,862	)	$	983
Other comprehensive income (loss) before reclassification	1,488			(242		)
Amounts reclassified from accumulated other comprehensive income	--			(490		)
Net current-period other comprehensive income (loss)	1,488			(732		)
Balance as of July 5, 2014	$	(20,374	)	$	251

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended July 4, 2015:

In thousands	Cumulative Translation Adjustment			Unrealized Gains (Losses) on Cash Flow Hedging Derivatives
Balance as of April 4, 2015	$	(32,443	)	$	1,389
Other comprehensive loss before reclassification	(1,867		)	(136		)
Amounts reclassified from accumulated other comprehensive income	--			127
Net current-period other comprehensive loss	(1,867		)	(9		)
Balance as of July 4, 2015	$	(34,310	)	$	1,380

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended July 5, 2014:

In thousands	Cumulative Translation Adjustment			Unrealized Gains (Losses) on Cash Flow Hedging Derivatives
Balance as of April 5, 2014	$	(20,177	)	$	603
Other comprehensive loss before reclassification	(197		)	(101		)
Amounts reclassified from accumulated other comprehensive income	--			(251		)
Net current-period other comprehensive loss	(197		)	(352		)
Balance as of July 5, 2014	$	(20,374	)	$	251