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Other Comprehensive Income
 9 Months Ended
Sep. 28, 2019
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Income Other Comprehensive Income
The company reports changes in equity during a period, except those resulting from investments by owners and distributions to owners, in accordance with ASC 220, "Comprehensive Income".
Changes in accumulated other comprehensive income(1) were as follows (in thousands):
 
Currency Translation Adjustment
 
Pension Benefit Costs
 
Unrealized Gain/(Loss) Interest Rate Swap
 
Total
Balance as of December 29, 2018
$
(112,771
)
 
$
(170,938
)
 
$
7,233

 
$
(276,476
)
Other comprehensive income before reclassification
(27,190
)
 
4,966

 
(31,096
)
 
(53,320
)
Amounts reclassified from accumulated other comprehensive income
—

 
—

 
1,953

 
1,953

Net current-period other comprehensive income
$
(27,190
)
 
$
4,966

 
$
(29,143
)
 
$
(51,367
)
Balance as of September 28, 2019
$
(139,961
)
 
$
(165,972
)
 
$
(21,910
)
 
$
(327,843
)
 
 
 
 
 
 
 
 
Balance as of December 30, 2017
$
(69,721
)
 
$
(203,063
)
 
$
6,365

 
$
(266,419
)
Adoption of ASU 2018-02 (2)
—

 
(487
)
 
1,619

 
1,132

Other comprehensive income before reclassification
(29,879
)
 
8,660

 
10,299

 
(10,920
)
Amounts reclassified from accumulated other comprehensive income
—

 
—

 
229

 
229

Net current-period other comprehensive income
$
(29,879
)
 
$
8,173

 
$
12,147

 
$
(9,559
)
Balance as of September 29, 2018
$
(99,600
)
 
$
(194,890
)
 
$
18,512

 
$
(275,978
)

(1) As of September 28, 2019 pension and interest rate swap amounts are net of tax of $(35.8) million and $(7.3) million, respectively. During the nine months ended September 28, 2019, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $1.0 million and $(9.9) million, respectively. As of September 29, 2018 pension and interest rate swap amounts are net of tax of $(41.7) million and $6.8 million, respectively. During the nine months ended September 29, 2018, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $1.9 million and $2.6 million, respectively.
(2) As of December 31, 2017, the company adopted ASU 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". This guidance allowed for the reclassification of $1.1 million of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings.
Components of other comprehensive income were as follows (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
Sep 28, 2019
 
Sep 29, 2018
 
Sep 28, 2019
 
Sep 29, 2018
Net earnings
$
82,020

 
$
72,905

 
$
243,243

 
$
222,313

Currency translation adjustment
(25,428
)
 
(9,718
)
 
(27,190
)
 
(29,879
)
Pension liability adjustment, net of tax
4,975

 
1,674

 
4,966

 
8,173

Unrealized gain on interest rate swaps, net of tax
(5,652
)
 
4,166

 
(29,143
)
 
12,147

Comprehensive income
$
55,915

 
$
69,027

 
$
191,876

 
$
212,754