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

6 Months Ended

Jun. 27, 2020

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	(555)		382		—		(3,229)		(3,402)
Tax (expense) or benefit	—		(80)		—		759		679

Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		(29)		(29)
Balance as of June 27, 2020	$	(3,467)	$	397	$	(5,762)	$	(1,993)	$	(10,825)

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	630		273		—		(1,817)		(914)
Tax (expense) or benefit	—		(57)		—		427		370
Reclassification of stranded tax impact	—		—		(1,185)		446		(739)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		(692)		(692)
Balance as of June 29, 2019	$	(2,343)	$	60	$	(4,114)	$	823	$	(5,574)

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						Six Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Statement Where Net Income is Presented	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Derivative financial instruments
Interest rate swap	Interest expense, net	$	(74)	$	445	$	40	$	905
	Income tax expense	(5)		(105)		(11)		(213)
	Net of tax	$	(79)	$	340	$	29	$	692

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):


	Six Months Ended
	June 27, 2020		June 29, 2019
Dividends per common share	$	0.610	$	0.600

Schedule of Share Repurchases

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


	Six Months Ended
	June 27, 2020		June 29, 2019
Shares repurchased	214,200		1,576,608
Average price per share	$	29.83	$	36.59

Cash purchase price	$	(6,390)	$	(57,684)
Purchases unsettled as of quarter end	—		681
Prior year purchases settled in current year	(374)		(354)
Shares repurchased per cash flow	$	(6,764)	$	(57,357)