STOCKHOLDERS' EQUITY

9 Months Ended

Oct. 03, 2015

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

4.    STOCKHOLDERS’ EQUITY

Activity for the nine months ended October 3, 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	--		(44,377		)	--
Exercise of stock options	--		(1,919		)	4,347
Restricted shares issued, net of cancellations and shares withheld for taxes	--		(2,451		)	1,553
Share-based compensation	19,440		--			--
Balance as of October 3, 2015	$	218,540	$	1,096,896		$	(1,285,683	)

Activity for the nine months ended October 4, 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	--		32,636			--
Exercise of stock options	--		(22,430		)	63,840
Restricted shares issued, net of cancellations and shares withheld for taxes	--		(9,171		)	4,384
Share-based compensation	37,618		--			--
Balance as of October 4, 2014	$	193,602	$	1,021,668		$	(1,296,433	)

Accumulated other comprehensive (loss) income consisted of the following:

In thousands	October 3, 2015			January 3, 2015			October 4, 2014
Cumulative translation adjustment, net of income taxes of $0	$	(33,287	)	$	(32,096	)	$	(25,789	)
Unrealized gains on cash flow hedging derivatives, net of income taxes of $284, $1,168 and $417, respectively	513			2,110			681
Accumulated other comprehensive loss, net of income taxes	$	(32,774	)	$	(29,986	)	$	(25,108	)

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the nine months ended October 3, 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	(1,191		)	(853			)
Amounts reclassified from accumulated other comprehensive income	--			(744			)
Net current-period other comprehensive loss	(1,191		)	(1,597			)
Balance as of October 3, 2015	$	(33,287	)	$		513

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the nine months ended October 4, 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 (loss) income before reclassification	(3,927		)	336
Amounts reclassified from accumulated other comprehensive income	--			(638		)
Net current-period other comprehensive loss	(3,927		)	(302		)
Balance as of October 4, 2014	$	(25,789	)	$	681

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended October 3, 2015:

In thousands	Cumulative Translation Adjustment			Unrealized Gains (Losses) on Cash Flow Hedging Derivatives
Balance as of July 4, 2015	$	(34,310	)	$	1,380
Other comprehensive income (loss) before reclassification	1,023			(344		)
Amounts reclassified from accumulated other comprehensive income	--			(523		)
Net current-period other comprehensive income (loss)	1,023			(867		)
Balance as of October 3, 2015	$	(33,287	)	$	513

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended October 4, 2014:

In thousands	Cumulative Translation Adjustment			Unrealized Gains (Losses) on Cash Flow Hedging Derivatives
Balance as of July 5, 2014	$	(20,374	)	$	251
Other comprehensive (loss) income before reclassification	(5,415		)	578
Amounts reclassified from accumulated other comprehensive income	--			(148		)
Net current-period other comprehensive (loss) income	(5,415		)	430
Balance as of October 4, 2014	$	(25,789	)	$	681