Other Comprehensive Income

3 Months Ended

Mar. 29, 2025

Disclosure Other Comprehensive Income Additional Information [Abstract]

Other Comprehensive Income

Other 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 28, 2024	$	(213,255)	$	(78,534)	$	22,399	$	(269,390)
Other comprehensive income before reclassification	46,829		(2,464)		(788)		43,577
Amounts reclassified from accumulated other comprehensive income	—		512		(4,661)		(4,149)
Net current-period other comprehensive income	$	46,829	$	(1,952)	$	(5,449)	$	39,428
Balance as of March 29, 2025	$	(166,426)	$	(80,486)	$	16,950	$	(229,962)
Balance as of December 30, 2023	$	(145,490)	$	(109,713)	$	32,005	$	(223,198)
Other comprehensive income before reclassification	(26,486)		619		10,956		(14,911)
Amounts reclassified from accumulated other comprehensive income	—		432		(7,566)		(7,134)
Net current-period other comprehensive income	$	(26,486)	$	1,051	$	3,390	$	(22,045)
Balance as of March 30, 2024	$	(171,976)	$	(108,662)	$	35,395	$	(245,243)

(1) As of March 29, 2025, pension and unrealized loss on interest rate swap amounts, net of tax, were $14.1 million and $6.3 million, respectively. During the three months ended March 29, 2025, the adjustments to pension and unrealized loss on interest rate swap amounts, net of tax, were $0.3 million and $(1.7) million, respectively. As of March 30, 2024, pension and unrealized gain on interest rate swap amounts, net of tax, were $4.2 million and $11.1 million, respectively. During the three months ended March 30, 2024, the adjustments to pension and unrealized gain on interest rate swap amounts, net of tax, were $0.2 million and $0.1 million, respectively.

Components of other comprehensive income were as follows (in thousands):

	Three Months Ended
	Mar 29, 2025		Mar 30, 2024
Net earnings	$	92,352	$	86,568
Currency translation adjustment	46,829		(26,486)
Pension liability adjustment, net of tax	(1,952)		1,051
Unrealized (loss) gain on interest rate swaps, net of tax	(5,449)		3,390
Comprehensive income	$	131,780	$	64,523