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

9 Months Ended

Sep. 26, 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	368		341		—		(3,236)		(2,527)
Tax (expense) or benefit	—		(72)		—		758		686

Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		85		85
Balance as of September 26, 2020	$	(2,544)	$	364	$	(5,762)	$	(1,887)	$	(9,829)

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	(406)		319		—		(2,272)		(2,359)
Tax (expense) or benefit	—		(67)		—		661		594
Reclassification of stranded tax impact	—		—		(1,185)		446		(739)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		(947)		(947)
Balance as of September 28, 2019	$	(3,379)	$	96	$	(4,114)	$	347	$	(7,050)

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						Nine Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Statement Where Net Income is Presented	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Derivative financial instruments
Interest rate swap	Interest expense, net	$	(147)	$	315	$	(107)	$	1,220
	Income taxes	33		(60)		22		(273)
	Net of tax	$	(114)	$	255	$	(85)	$	947

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):


	Nine Months Ended
	September 26, 2020		September 28, 2019
Dividends per common share	$	0.915	$	0.905

Schedule of Share Repurchases

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


	Nine Months Ended
	September 26, 2020		September 28, 2019
Shares repurchased	214,200		1,797,448
Average price per share	$	29.83	$	36.09

Cash purchase price	$	(6,390)	$	(64,877)
Purchases unsettled as of quarter end	—		125
Prior year purchases settled in current year	(374)		(354)
Shares repurchased per cash flow	$	(6,764)	$	(65,106)