Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables)

3 Months Ended

Mar. 28, 2020

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income and Changes in Accumulated Other Comprehensive Income, Net of Tax

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 Debt Securities			Pension and Post-retirement Liabilities			Derivative Financial Instruments			Accumulated Other Comprehensive Income (Loss)
Balance as of December 28, 2019	$	(2,912	)	$	95		$	(5,762	)	$	506		$	(8,073	)
Other comprehensive income (loss) before reclassifications	(600		)	75			—			(2,756		)	(3,281		)
Tax (expense) or benefit	—			(16		)	—			648			632
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—			—			—			(108		)	(108		)
Balance as of March 28, 2020	$	(3,512	)	$	154		$	(5,762	)	$	(1,710	)	$	(10,830	)

Amounts in parentheses indicate reductions to equity.

	Foreign Currency Translation Adjustment			Unrealized Gains (Losses) on Debt Securities			Pension and Post-retirement Liabilities			Derivative Financial Instruments			Accumulated Other Comprehensive Income (Loss)
Balance as of December 29, 2018	$	(2,973	)	$	(156	)	$	(2,929	)	$	2,459		$	(3,599	)
Other comprehensive income (loss) before reclassifications	963			114			—			(527		)	550
Tax (expense) or benefit	—			(24		)	—			124			100
Reclassification of stranded tax impact	—			—			(1,185		)	446			(739		)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—			—			—			(352		)	(352		)
Balance as of March 30, 2019	$	(2,010	)	$	(66	)	$	(4,114	)	$	2,150		$	(4,040	)

Amounts in parentheses indicate reductions to equity.

Schedule of Reclassification from Accumulated Other Comprehensive Income

The following table details the reclassifications from accumulated other comprehensive income (loss) (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 28, 2020			March 30, 2019
Derivative financial instruments
Interest rate swap	Interest expense, net	$	114		$	460
	Income tax expense	(6		)	(108		)
	Net of tax	$	108		$	352

Amounts in parentheses indicate reductions to profit.

Schedule of Dividends Declared and Paid Per Share

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

	Three Months Ended
	March 28, 2020		March 30, 2019
Dividends per common share	$	0.305	$	0.295

Schedule of Share Repurchases

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

	Three Months Ended
	March 28, 2020			March 30, 2019
Shares repurchased	186,700			647,290
Average price per share	$	30.75		$	38.14
Cash purchase price	$	(5,741	)	$	(24,685	)
Purchases unsettled as of quarter end	276			1,170
Prior year purchases settled in current year	(374		)	(354		)
Shares repurchased per cash flow	$	(5,839	)	$	(23,869	)