Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity

The following tables summarize the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable (in thousands):



	Foreign Currency Translation Adjustment			Unrealized Gains (Losses) on Marketable Securities			Pension and Post-retirement Liabilities			Derivative Financial Instruments			Accumulated Other Comprehensive Income (Loss)
Balance as of December 30, 2017	$	31		$	(132	)	$	(5,630	)	$	2,120		$	(3,611	)
Other comprehensive income (loss) before reclassifications	(1,944		)	(125		)	—			2,593			524
Tax (expense) or benefit	—			26			—			(635		)	(609		)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—			—			—			(499		)	(499		)
Balance as of September 29, 2018	$	(1,913	)	$	(231	)	$	(5,630	)	$	3,579		$	(4,195	)

Amounts in parentheses indicate reductions to equity.



	Foreign Currency Translation Adjustment			Unrealized Gains (Losses) on Marketable Securities			Pension and Post-retirement Liabilities			Derivative Financial Instruments			Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2016	$	(1,188	)	$	(105	)	$	(5,167	)	$	1,460		$	(5,000	)
Other comprehensive income (loss) before reclassifications	779			68			—			(471		)	376
Tax (expense) or benefit	—			(24		)	—			174			150
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—			—			—			207			207
Balance as of September 30, 2017	$	(409	)	$	(61	)	$	(5,167	)	$	1,370		$	(4,267	)

Amounts in parentheses indicate reductions to equity.

Interest Rate Swap

In March 2016, the Corporation entered into an interest rate swap transaction to hedge $150 million of outstanding variable rate revolver borrowings against future interest rate volatility. Under the terms of the interest rate swap, the Corporation pays a fixed rate of 1.29 percent and receives one month LIBOR on a $150 million notional value expiring January 2021. As of September 29, 2018, the fair value of the Corporation's interest rate swap was an asset of $5.3 million, which is reflected in "Other Assets" in the Condensed Consolidated Balance Sheets. The unrecognized change in value of the interest rate swap is reported net of tax as $3.6 million in "Accumulated other comprehensive income (loss)" in the Condensed Consolidated Balance Sheets.

The following table details the reclassifications from accumulated other comprehensive income (loss) (in thousands):



		Three Months Ended						Nine Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Statement Where Net Income is Presented	September 29, 2018			September 30, 2017			September 29, 2018			September 30, 2017
Derivative financial instruments
Interest rate swap	Interest (expense) or income	$	305		$	(27	)	$	661		$	(328	)
	Tax (expense) or benefit	(75		)	10			(162		)	121
	Net of tax	$	230		$	(17	)	$	499		$	(207	)

Amounts in parentheses indicate reductions to profit.

Stock Repurchase

The following table summarizes shares repurchased and settled by the Corporation (in thousands, except share data):



	Nine Months Ended
	September 29, 2018			September 30, 2017
Shares repurchased	368,822			1,300,936

Cash purchase price	$	(14,884	)	$	(52,850	)
Purchases unsettled as of quarter end	222			—
Prior year purchases settled in current year	(1,381		)	—
Shares repurchased per cash flow	$	(16,043	)	$	(52,850	)

As of September 29, 2018, approximately $63.1 million of the Corporation's Board of Directors' ("Board") current repurchase authorization remained unspent.

Dividend

The Corporation declared and paid cash dividends per share as follows (in dollars):



	Nine Months Ended
	September 29, 2018		September 30, 2017
Common shares	$	0.875	$	0.845