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Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jul. 02, 2023
Accumulated Other Comprehensive Loss.  
Schedule of components of AOCI

Changes in the composition of Accumulated Other Comprehensive Loss ("AOCL") during the six months ended July 2, 2023, were as follows:

Accumulated

Cumulative

Other

Translation

Cash Flow

Defined Benefit

Income

Comprehensive

(Amounts in thousands)

    

Adjustment

    

Hedges

    

Plans

    

Taxes

    

Loss

Balances at January 1, 2023

$

(33,145)

$

5,337

$

(39,385)

$

(4,002)

$

(71,195)

Net current period change

 

(663)

 

 

 

97

 

(566)

Amounts reclassified from AOCI

 

 

(1,579)

 

468

 

277

 

(834)

Balances at July 2, 2023

$

(33,808)

$

3,758

$

(38,917)

$

(3,628)

$

(72,595)

Schedule of reclassifications out of accumulated other comprehensive income (loss)

Reclassification of (Gain) Loss from AOCL into Earnings

Three Months Ended

Six Months Ended

Component of AOCI

    

Location of Reclassification into Income (Loss)

July 2, 2023

July 3, 2022

    

July 2, 2023

July 3, 2022

Amortization of gain on interest rate hedge

Interest expense, net

$

(792)

$

(774)

$

(1,579)

$

343

Income tax expense

197

193

 

393

 

(88)

Net of tax

$

(595)

$

(581)

$

(1,186)

$

255

Amortization of deferred actuarial loss and prior service cost

 

Operating expenses

$

234

$

229

$

468

$

458

 

Income tax benefit

 

(58)

 

(58)

 

(116)

 

(115)

 

Net of tax

$

176

$

171

$

352

$

343

Total reclassifications

 

  

$

(419)

$

(410)

$

(834)

$

598