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Shareholders' Equity (Tables)
9 Months Ended
Sep. 29, 2019
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders Equity
The following tables depict the activity in the accounts which make up shareholders’ equity for the three and nine months ended September 29, 2019 and September 30, 2018:
 
SHARES
 
COMMON STOCK
 
ADDITIONAL PAID-IN CAPITAL
 
RETAINED
EARNINGS
 
PENSION LIABILITY
 
FOREIGN CURRENCY TRANSLATION ADJUSTMENT
 
CASH FLOW
HEDGE
 
(In thousands)
Balance at December 30, 2018
59,508

 
$
5,951

 
$
270,269

 
$
222,214

 
$
(43,610
)
 
$
(101,487
)
 
$
1,326

Net income

 

 

 
7,059

 

 

 

Stock issuances under employee plans
509

 
51

 
379

 

 

 

 

Other issuances of common stock
224

 
22

 
3,900

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 
(3,922
)
 

 

 

 

Cash dividends paid

 

 

 
(3,900
)
 

 

 

Forfeitures and compensation expense related to stock awards
(225
)
 
(22
)
 
29

 

 

 

 

Share repurchases

 

 

 

 

 

 

Pension liability adjustment

 

 

 

 
(91
)
 

 

Foreign currency translation adjustment

 

 

 

 

 
(5,203
)
 

Cash flow hedge unrealized loss

 

 

 

 

 

 
(3,306
)
Balance, at March 31, 2019
60,016

 
$
6,002

 
$
270,655

 
$
225,373

 
$
(43,701
)
 
$
(106,690
)
 
$
(1,980
)
Net income

 

 

 
29,499

 

 

 

Stock issuances under employee plans
2

 

 
6

 

 

 

 

Other issuances of common stock
(1
)
 

 

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 
52

 

 

 

 

Cash dividends paid

 

 

 
(3,863
)
 

 

 

Forfeitures and compensation expense related to stock awards
(28
)
 
(3
)
 
1,506

 

 

 

 

Share repurchases
(1,556
)
 
(156
)
 
(24,998
)
 

 

 

 

Pension liability adjustment

 

 

 

 
829

 

 

Foreign currency translation adjustment

 

 

 

 

 
4,249

 

Cash flow hedge unrealized loss

 

 

 

 

 

 
(4,667
)
Balance, at June 30, 2019
58,433

 
$
5,843

 
$
247,221

 
$
251,009

 
$
(42,872
)
 
$
(102,441
)
 
$
(6,647
)
Net income

 

 

 
26,210

 

 

 

Stock issuances under employee plans

 

 

 

 

 

 

Other issuances of common stock

 

 

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 

 

 

 

 

Cash dividends paid

 

 

 
(3,798
)
 

 

 

Forfeitures and compensation expense related to stock awards

 

 
1,303

 

 

 

 

Share repurchases

 

 

 

 

 

 

Pension liability adjustment

 

 

 

 
1,076

 

 

Foreign currency translation adjustment

 

 

 

 

 
(18,585
)
 

Cash flow hedge unrealized loss

 

 

 

 

 

 
(941
)
Balance at September 29, 2019
58,433

 
$
5,843

 
$
248,524

 
$
273,421

 
$
(41,796
)
 
$
(121,026
)
 
$
(7,588
)
 
SHARES
 
COMMON STOCK
 
ADDITIONAL PAID-IN CAPITAL
 
RETAINED
EARNINGS
 
PENSION LIABILITY
 
FOREIGN CURRENCY TRANSLATION ADJUSTMENT
 
CASH FLOW
HEDGE
 
(In thousands)
Balance, at December 31, 2017
59,806

 
$
5,981

 
$
271,271

 
$
187,433

 
$
(56,554
)
 
$
(78,943
)
 
$
904

Net income

 

 

 
15,084

 

 

 

Stock issuances under employee plans
175

 
17

 
102

 

 

 

 

Other issuances of common stock
187

 
19

 
4,769

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 
(4,788
)
 

 

 

 

Cash dividends paid

 

 

 
(3,868
)
 

 

 

Forfeitures and compensation expense related to stock awards
(55
)
 
(6
)
 
3,185

 

 

 

 

Share repurchases
(615
)
 
(61
)
 
(14,424
)
 

 

 

 

Pension liability adjustment

 

 

 

 
(2,216
)
 

 

Foreign currency translation adjustment

 

 

 

 

 
8,830

 

Cash flow hedge unrealized gain

 

 

 

 

 

 
1,632

Balance, at April 1, 2018
59,498

 
$
5,950

 
$
260,115

 
$
198,649

 
$
(58,770
)
 
$
(70,113
)
 
$
2,536

Net income

 

 

 
20,602

 

 

 

Stock issuances under employee plans
4

 

 
35

 

 

 

 

Other issuances of common stock

 

 

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 

 

 

 

 

Cash dividends paid

 

 

 
(3,868
)
 

 

 

Forfeitures and compensation expense related to stock awards
(9
)
 
(1
)
 
2,135

 

 

 

 

Share repurchases

 

 

 

 

 

 

Pension liability adjustment

 

 

 

 
3,459

 

 

Foreign currency translation adjustment

 

 

 

 

 
(20,773
)
 

Cash flow hedge unrealized gain

 

 

 

 

 

 
647

Balance, at July 1, 2018
59,493

 
$
5,949

 
$
262,285

 
$
215,383

 
$
(55,311
)
 
$
(90,886
)
 
$
3,183

Net income

 

 

 
8,172

 

 

 

Stock issuances under employee plans
10

 
1

 
86

 

 

 

 

Other issuances of common stock
2

 
1

 
40

 

 

 

 

Unamortized stock compensation expense related to restricted stock awards

 

 
(40
)
 

 

 

 

Cash dividends paid

 

 

 
(3,866
)
 

 

 

Forfeitures and compensation expense related to stock awards

 

 
2,929

 

 

 

 

Share repurchases

 

 

 

 

 

 

Pension liability adjustment

 

 

 

 
(196
)
 

 

Foreign currency translation adjustment

 

 

 

 

 
4,964

 

Cash flow hedge unrealized gain

 

 

 

 

 

 
286

Balance, at September 30, 2018
59,505

 
$
5,951

 
$
265,300

 
$
219,689

 
$
(55,507
)
 
$
(85,922
)
 
$
3,469


Share-based Payment Arrangement, Restricted Stock Unit, Activity
The following table summarizes restricted stock outstanding as of September 29, 2019, as well as activity during the nine months then ended:
 
Restricted Shares
 
Weighted Average
Grant Date
Fair Value
Outstanding at December 30, 2018
549,000

 
$
27.65

Granted
224,000

 
17.54

Vested
(218,000
)
 
18.27

Forfeited or canceled
(37,000
)
 
20.88

Outstanding at September 29, 2019
518,000

 
$
27.71


Schedule of Nonvested Performance-based Units Activity
The following table summarizes the performance shares outstanding as of September 29, 2019, as well as the activity during the nine months then ended:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Outstanding at December 30, 2018
759,500

 
$
20.17

Granted
344,500

 
17.54

Vested
(472,000
)
 
18.85

Forfeited or canceled
(57,000
)
 
20.42

Outstanding at September 29, 2019
575,000

 
$
19.65