STOCKHOLDERS' EQUITY

3 Months Ended

Apr. 01, 2017

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

2.    STOCKHOLDERS’ EQUITY

Activity for the three months ended April 1, 2017 in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts was as follows:

					Common Stock
	Capital in Excess		Retained		in Treasury,
In thousands	of Par Value		Earnings		at Cost
Balance as of December 31, 2016	$	251,816	$	1,306,096	$	(1,276,258)
Net income		—		1,359		—
Exercise of stock options		—		(1,103)		1,913
Restricted shares issued, net of cancellations and shares withheld for taxes		—		(11,034)		6,288
Share-based compensation		6,199		—		—
Balance as of April 1, 2017	$	258,015	$	1,295,318	$	(1,268,057)

Activity for the three months ended April 2, 2016 in the Capital in excess of par value, Retained earnings and Common stock in treasury, at cost accounts was as follows:

					Common Stock
	Capital in Excess		Retained		in Treasury,
In thousands	of Par Value		Earnings		at Cost
Balance as of January 2, 2016	$	224,677	$	1,155,838	$	(1,281,690)
Net income		—		11,636		—
Exercise of stock options		—		(223)		288
Restricted shares issued, net of cancellations and shares withheld for taxes		—		(1,692)		1,371
Share-based compensation		7,910		—		—
Balance as of April 2, 2016	$	232,587	$	1,165,559	$	(1,280,031)

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

In thousands	April 1, 2017		December 31, 2016		April 2, 2016
Cumulative translation adjustment, net of income taxes of $0	$	(26,132)	$	(29,162)	$	(26,076)
Unrealized gains (losses) on cash flow hedging derivatives, net of income taxes of $385,  $513 and $(512), respectively		736		1,002		(935)
Accumulated other comprehensive loss, net of income taxes	$	(25,396)	$	(28,160)	$	(27,011)

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended April 1, 2017:

			Unrealized Gains
	Cumulative		(Losses) on Cash
	Translation		Flow Hedging
In thousands	Adjustment		Derivatives
Balance as of December 31, 2016	$	(29,162)	$	1,002
Other comprehensive income (loss) before reclassification		3,228		(557)
Amounts reclassified from accumulated other comprehensive (loss) income		(198)		291
Net current-period other comprehensive income (loss)		3,030		(266)
Balance as of April 1, 2017	$	(26,132)	$	736

The following table presents the change in each component of Accumulated other comprehensive (loss) income, net of income taxes for the three months ended April 2, 2016:

			Unrealized Gains
	Cumulative		(Losses) on Cash
	Translation		Flow Hedging
In thousands	Adjustment		Derivatives
Balance as of January 2, 2016	$	(30,054)	$	13
Other comprehensive income (loss) before reclassification		3,978		(725)
Amounts reclassified from accumulated other comprehensive income		—		(223)
Net current-period other comprehensive income (loss)		3,978		(948)
Balance as of April 2, 2016	$	(26,076)	$	(935)