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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss

S. Accumulated Other Comprehensive Loss

 

Accumulated other comprehensive loss represents amounts of unrecognized actuarial gains or losses related to the Company sponsored defined benefit pension plan and post-retirement medical plan, net of tax effect, and cumulative currency translation adjustments. Changes in accumulated other comprehensive loss represent actuarial losses or gains, net of tax effect, recognized as components of net periodic benefit costs and currency translation adjustments due to tax rate changes in the period. The following table details the changes in accumulated other comprehensive loss for 2022, 2021, and 2020 (in thousands):

 

 

 

Accumulated
Other
Comprehensive
Loss

 

Balance at December 28, 2019

 

$

(1,669

)

Deferred pension and other post-retirement benefit costs,
   net of tax benefit of $
502

 

 

1,611

 

Amortization of Deferred benefit costs, net of taxes of $35

 

 

(219

)

Currency translation adjustment

 

 

25

 

Balance at December 26, 2020

 

$

(252

)

Amortization of Deferred benefit costs, net of taxes of $20

 

 

90

 

Currency translation adjustment

 

 

(32

)

Balance at December 25, 2021

 

 

(194

)

Amortization of Deferred benefit costs, net of taxes of $95

 

 

253

 

Currency translation adjustment

 

 

(269

)

Balance at December 31, 2022

 

$

(210

)