Accumulated Other Comprehensive Income and Shareholders' Equity

3 Months Ended

Mar. 29, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income and Shareholders' Equity

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity

The following table summarizes the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable for the three months ended March 29, 2014:

(In thousands)	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Marketable Securities		Pension Postretirement Liability			Derivative Financial Instruments			Accumulated Other Comprehensive Income (Loss)
Balance at December 28, 2013	$	2,913	$	81	$	(2,140	)	$	111		$	965
Other comprehensive income before reclassifications	532		14		—			(63		)	483
Amounts reclassified from accumulated other comprehensive income	—		—		—			(35		)	(35		)
Balance at March 29, 2014	$	3,445	$	95	$	(2,140	)	$	13		$	1,413

All amounts are net-of tax. Amounts in parentheses indicate debits.

The following table details the reclassifications from accumulated other comprehensive income (loss) for the three months ended March 29, 2014 and March 30, 2013 (in thousands):

		Three Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Statement Where Net Income Is Presented	March 29, 2014			March 30, 2013
Pension postretirement liability
Transition obligation	Selling and administrative expenses	—			(116		)
	Tax (expense) or benefit	—			42
	Net of tax	$	—		$	(74	)
Derivative financial instruments
Diesel hedge	Selling and administrative expenses	55			117
	Tax (expense) or benefit	(20		)	(42		)
	Net of tax	$	35		$	75
Total reclassifications for the period	Net of tax	$	35		$	1

Amounts in parentheses indicate reductions to profit.

During the three months ended March 29, 2014, the Corporation repurchased 133,000 shares of its common stock at a cost of approximately $4.7 million.  As of March 29, 2014, $82.6 million of the Corporation's Board of Directors' current repurchase authorization remained unspent.

During the three months ended March 29, 2014, the Corporation paid dividends to shareholders of $0.24 per share.