Other Comprehensive Income (Loss)

9 Months Ended

Sep. 28, 2024

Changes in other comprehensive income (loss) by component were as follows:


(in thousands)	Three Months Ended September 28, 2024						Three Months Ended September 30, 2023
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	205	$	(14)	$	191	$	(3)	$	—	$	(3)
Cash flow hedges	(9,860)		1,563		(8,297)		2,034		(488)		1,546
Foreign currency translation adjustments (a)	66,331		(1,832)		64,499		(4,301)		624		(3,677)
Total change in other comprehensive income (loss)	$	56,676	$	(283)	$	56,393	$	(2,270)	$	136	$	(2,134)

(in thousands)	Nine Months Ended September 28, 2024						Nine Months Ended September 30, 2023
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	901	$	(40)	$	861	$	(125)	$	(31)	$	(156)
Cash flow hedges	(7,349)		960		(6,389)		2,817		(676)		2,141
Foreign currency translation adjustments (a)	11,619		(1,056)		10,563		(6,098)		351		(5,747)
Total change in other comprehensive income (loss)	$	5,171	$	(136)	$	5,035	$	(3,406)	$	(356)	$	(3,762)

(a) The tax shown above within the foreign currency translation adjustments is the U.S. tax associated with the foreign currency translation adjustments of earnings of non-U.S. subsidiaries which have been previously taxed in the U.S. and are not permanently reinvested.

The following tables set forth the changes in accumulated other comprehensive income (loss) by component for the nine months ended September 28, 2024 and September 30, 2023:


(in thousands)	Defined benefit pension plan and other adjustments		Cash flow hedges		Foreign currency translation adjustment		Accumulated other comprehensive loss
Balance at December 30, 2023	$	(7,613)	$	4,448	$	(52,652)	$	(55,817)

Activity in the period	861		(6,389)		10,563		5,035
Balance at September 28, 2024	$	(6,752)	$	(1,941)	$	(42,089)	$	(50,782)


(in thousands)	Defined benefit pension plan and other adjustments		Cash flow hedges		Foreign currency translation adjustment		Accumulated other comprehensive loss
Balance at December 31, 2022	$	(2,193)	$	6,596	$	(100,167)	$	(95,764)

Activity in the period	(156)		2,141		(5,747)		(3,762)
Balance at September 30, 2023	$	(2,349)	$	8,737	$	(105,914)	$	(99,526)

Amounts reclassified from accumulated other comprehensive income (loss) to earnings for the three and nine months ended September 28, 2024 and September 30, 2023 were as follows:


	Three Months Ended				Nine Months Ended
(in thousands)	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Pension and postemployment plans:
Amortization of prior service and net actuarial loss (gain)	$	323	$	(11)	$	1,026	$	(33)

The Company recognizes the amortization of prior service costs in Other income, net within the Condensed Consolidated Statements of Net Income.