ACCUMULATED OTHER COMPREHENSIVE LOSS |
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11. |
ACCUMULATED OTHER COMPREHENSIVE LOSS |
Accumulated other comprehensive loss includes unrealized gains and losses on derivatives that qualify as cash flow hedges, cumulative foreign currency translation and other adjustments. The activity in accumulated other comprehensive loss during the three months ended June 27, 2021 and June 28, 2020 was as follows:
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Second Quarter Ended June 27, 2021 |
(thousands) |
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Cash Flow Hedges |
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Other |
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Foreign Currency Translation |
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Total |
Balance at March 28, 2021 |
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$ |
(3,914) |
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$ |
(1,263) |
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$ |
41
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$ |
(5,136) |
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Other comprehensive loss before reclassifications, net of tax |
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45
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—
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(11) |
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34
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Amounts reclassified from accumulated other comprehensive loss, net of tax |
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973
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—
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—
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973
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Net current period other comprehensive income (loss) |
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1,018
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—
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(11) |
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1,007
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Balance at June 28, 2021 |
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$ |
(2,896) |
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$ |
(1,263) |
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$ |
30
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$ |
(4,129) |
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Six Months Ended June 27, 2021 |
(thousands) |
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Cash Flow Hedges |
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Other |
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Foreign Currency Translation |
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Total |
Balance at December 31, 2020 |
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$ |
(4,889) |
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$ |
(1,263) |
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$ |
100 |
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$ |
(6,052) |
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Other comprehensive loss before reclassifications, net of tax |
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(51) |
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—
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(70) |
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(121) |
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Amounts reclassified from accumulated other comprehensive loss, net of tax |
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2,044
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—
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—
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2,044
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Net current period other comprehensive loss |
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1,993
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—
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(70) |
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1,923
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Balance at June 27, 2021 |
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$ |
(2,896) |
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$ |
(1,263) |
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$ |
30
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$ |
(4,129) |
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Second Quarter Ended June 28, 2020 |
(thousands) |
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Cash Flow Hedges |
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Other |
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Foreign Currency Translation |
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Total |
Balance at March 29, 2020 |
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$ |
(7,380) |
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$ |
(1,270) |
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$ |
(91) |
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$ |
(8,741) |
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Other comprehensive loss before reclassifications, net of tax |
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174 |
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— |
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(15) |
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|
159 |
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Amounts reclassified from accumulated other comprehensive loss, net of tax |
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290 |
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— |
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— |
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290 |
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Net current period other comprehensive loss |
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464 |
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— |
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(15) |
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|
449 |
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Balance at June 28, 2020 |
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$ |
(6,916) |
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$ |
(1,270) |
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$ |
(106) |
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$ |
(8,292) |
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Six Months Ended June 28, 2020 |
(thousands) |
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Cash Flow Hedges |
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Other |
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Foreign Currency Translation |
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Total |
Balance at December 31, 2019 |
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$ |
(4,374) |
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$ |
(1,270) |
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$ |
(54) |
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$ |
(5,698) |
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Other comprehensive loss before reclassifications, net of tax |
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(3,903) |
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— |
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(52) |
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(3,955) |
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Amounts reclassified from accumulated other comprehensive loss, net of tax |
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1,361 |
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— |
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— |
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1,361 |
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Net current period other comprehensive loss |
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(2,542) |
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— |
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(52) |
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(2,594) |
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Balance at June 28, 2020 |
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$ |
(6,916) |
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$ |
(1,270) |
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$ |
(106) |
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$ |
(8,292) |
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