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

12 Months Ended

Jan. 02, 2021

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income Loss Table

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 (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 30, 2017	$	31	$	(132)	$	(5,630)	$	2,120	$	(3,611)
Other comprehensive income (loss) before reclassifications	(3,004)		(31)		3,531		1,488		1,984
Tax (expense) or benefit	—		7		(830)		(350)		(1,173)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		(799)		(799)
Balance as of December 29, 2018	$	(2,973)	$	(156)	$	(2,929)	$	2,459	$	(3,599)
Other comprehensive income (loss) before reclassifications	61		318		(2,254)		(1,739)		(3,614)
Tax (expense) or benefit	—		(67)		606		403		942
Reclassification of stranded tax impact	—		—		(1,185)		446		(739)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		(1,063)		(1,063)
Balance as of December 28, 2019	$	(2,912)	$	95	$	(5,762)	$	506	$	(8,073)
Other comprehensive income (loss) before reclassifications	1,439		335		(1,162)		(3,242)		(2,630)
Tax (expense) or benefit	—		(70)		242		759		931
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	402		—		—		217		619
Balance as of January 2, 2021	$	(1,071)	$	360	$	(6,682)	$	(1,760)	$	(9,153)

Amounts in parentheses indicate reductions to equity.

Reclassification out of Accumulated Other Comprehensive Income

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

Details about Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Statement Where Net Income is Presented	2020		2019		2018
Derivative financial instruments
Interest rate swap	Interest expense, net	$	(278)	$	1,392	$	1,045
	Income tax expense	61		(329)		(246)
Foreign currency translation
Foreign entity reorganization	Selling and administrative expenses	$	(402)	$	—	$	—
	Net of tax	$	(619)	$	1,063	$	799

Amounts in parentheses indicate reductions to profit.

Schedule of Stock by Class

Common stock was issued under the Director Plans as follows:

	2020	2019	2018
Director Plan issued shares of common stock	37,833	37,269	27,745

The following table provides the details of stock under the MSPPs:

	2020		2019		2018
Shares of common stock issued	92,701		76,041		74,020
Average price per share	$	25.30	$	30.67	$	32.19

Schedule of Dividends Declared and Paid Per Share

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

	2020		2019		2018
Dividends per common shares	$	1.22	$	1.21	$	1.17

Schedule of Repurchase Agreements

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

	2020		2019		2018
Shares repurchased	214,200		2,286,200		755,221
Average price per share	$	29.83	$	36.70	$	38.96
Cash purchase price	$	(6,390)	$	(83,907)	$	(29,424)
Purchases unsettled as of quarter end	—		374		354
Prior year purchases settled in current year	(374)		(354)		(1,382)
Shares repurchased per cash flow	$	(6,764)	$	(83,887)	$	(30,452)