Annual report pursuant to Section 13 and 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

v3.20.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
12 Months Ended
Dec. 28, 2019
Equity [Abstract]  
Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in AOCI
The following table presents changes in AOCL and related tax impact:
(In thousands)
Foreign Currency Translation
 
Defined
Benefit
Pension Plans
 
Derivative
Financial
Instruments
 
Total
 
Balance, December 2016
$
(148,088
)
 
$

 
$

 
$
(148,088
)
 
Other comprehensive income (loss)
26,682

 

 

 
26,682

 
Tax benefit (expense)
(1,076
)
 

 

 
(1,076
)
 
Net other comprehensive income (loss)
25,606

 

 

 
25,606

 
Balance, December 2017
$
(122,482
)
 
$

 
$

 
$
(122,482
)
 
Other comprehensive income (loss)
(22,700
)
 

 

 
(22,700
)
 
Net other comprehensive income (loss)
(22,700
)
 

 

 
(22,700
)
 
Balance, December 2018
(145,182
)
 

 

 
(145,182
)
 
Other comprehensive income (loss) before reclassifications
3,167

 
(2,010
)
 
1,729

 
2,886

 
Amounts reclassified from accumulated other comprehensive income (loss)

 

 
(7,380
)
 
(7,380
)
 
Net other comprehensive income (loss)
3,167

 
(2,010
)
 
(5,651
)
 
(4,494
)
 
Amounts transferred from former parent
57,897

 
(1,058
)
 
11,645

 
68,484

 
Tax benefit (expense)

 
767

 
727

 
1,494

 
Balance, December 2019
$
(84,118
)
 
$
(2,301
)
 
$
6,721

 
$
(79,698
)
 

The following table presents deferred components of AOCL in equity, net of related taxes:
(In thousands)
 
December 2019
 
 
December 2018
 
December 2017
Foreign currency translation
 
$
(84,118
)
 
 
$
(145,182
)
 
$
(122,482
)
Defined benefit pension plans
 
(2,301
)
 
 

 

Derivative financial instruments
 
6,721

 
 

 

Accumulated other comprehensive loss
 
$
(79,698
)
 
 
$
(145,182
)
 
$
(122,482
)

Reclassifications Out of Accumulated OCI
The following table presents reclassifications out of AOCL:
(In thousands)
 
 
Year Ended December
 
 
 
 
 
 
 
 
 
 
Details About Accumulated Other Comprehensive Loss Reclassifications
Affected Line Item in the Financial Statements
 
 
2019
 
 
2018
 
2017
Gains (losses) on derivative financial instruments:
 
 
 
 
 
 
 
 
 
Foreign currency exchange contracts
Net revenues
 
 
$
(844
)
 
 
$

 
$

Foreign currency exchange contracts
Cost of goods sold
 
 
6,745

 
 

 

Foreign currency exchange contracts
Other expense, net
 
 
343

 
 

 

Interest rate swap agreements
Interest expense
 
 
1,136

 
 

 

Total before tax
 
 
 
7,380

 
 

 

Tax benefit (expense)
Income taxes
 
 
(706
)
 
 

 

Total reclassifications for the period, net of tax

 
 
$
6,674

 
 
$

 
$