STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 27, 2020

Schedule of Changes in Accumulated Other Comprehensive Loss

The following tables provide information regarding the changes in accumulated other comprehensive loss during 2020 and 2019:


	2020
	Gains (Losses) Related to Foreign Currency Translation		Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges		Losses Related to Pension and Other Postretirement Benefits		Unrealized Holding Gains on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	(1,108)	$	(2,406)	$	(71,615)	$	—	$	(75,129)
Other comprehensive income (loss) before reclassifications	83,890		3,823		(31,724)		55		56,044
Amounts reclassified from accumulated other comprehensive loss to net income	—		(2,664)		1,128		(55)		(1,591)
Currency translation	—		56		—		—		56
Net current year other comprehensive income (loss)	83,890		1,215		(30,596)		—		54,509
Balance, end of year	$	82,782	$	(1,191)	$	(102,211)	$	—	$	(20,620)


	2019
	Losses Related to Foreign Currency Translation		Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges		Losses Related to Pension and Other Postretirement Benefits		Unrealized Holding Gains on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	(55,770)	$	(683)	$	(71,463)	$	82	$	(127,834)
Other comprehensive income (loss) before reclassifications	54,662		(2,052)		(1,145)		386		51,851
Amounts reclassified from accumulated other comprehensive loss to net income	—		383		993		(468)		908
Currency translation	—		(54)		—		—		(54)
Net current year other comprehensive income (loss)	54,662		(1,723)		(152)		(82)		52,705
Balance, end of year	$	(1,108)	$	(2,406)	$	(71,615)	$	—	$	(75,129)

Schedule of Reclassification from Accumulated Other Comprehensive Loss


Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss(a)				Affected Line Item in the Consolidated Statements of Income
	2020		2019
	(In thousands)
Realized gain on settlement of foreign currency derivatives classified as cash flow hedges	$	2,987	$	—	Net sales
Realized loss on settlement of foreign currency derivatives classified as cash flow hedges	(114)		(383)		Cost of sales
Realized loss on settlement of interest rate swap derivatives classified as cash flow hedges	(209)		—		Interest expense, net of capitalized interest
Realized gain on sale of securities	73		619		Interest income
Amortization of pension and other postretirement plan actuarial losses(b)	(1,503)		(1,313)		Miscellaneous, net
Total before tax	1,234		(1,077)
Tax expense	357		169
Total reclassification for the period	$	1,591	$	(908)

(a) Amounts in parentheses represent income (expenses) related to results of operations.

(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 15. Pension and Other Postretirement Benefits.”