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 third quarter and nine months ended September 26, 2021 and September 27, 2020 was as follows:
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Third Quarter Ended September 26, 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 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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Other comprehensive income (loss) before reclassifications, net of tax |
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(19) |
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—
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74
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55
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Amounts reclassified from accumulated other comprehensive loss, net of tax |
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1,050
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—
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—
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1,050
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Other comprehensive income |
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1,031
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—
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74
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1,105
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Balance at September 26, 2021 |
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$ |
(1,865) |
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$ |
(1,263) |
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$ |
104
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$ |
(3,024) |
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Nine Months Ended September 26, 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 income (loss) before reclassifications, net of tax |
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(70) |
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—
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4
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(66) |
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Amounts reclassified from accumulated other comprehensive loss, net of tax |
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3,094
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—
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—
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3,094
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Other comprehensive income |
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3,024
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—
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4
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3,028
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Balance at September 26, 2021 |
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$ |
(1,865) |
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$ |
(1,263) |
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$ |
104
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$ |
(3,024) |
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Third Quarter Ended September 27, 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 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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Other comprehensive income (loss) before reclassifications, net of tax |
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(38) |
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— |
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60 |
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22 |
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Amounts reclassified from accumulated other comprehensive loss, net of tax |
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1,027 |
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— |
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— |
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1,027 |
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Other comprehensive income |
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989 |
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— |
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|
60 |
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1,049 |
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Balance at September 27, 2020 |
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$ |
(5,927) |
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$ |
(1,270) |
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$ |
(46) |
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$ |
(7,243) |
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Nine Months Ended September 27, 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 income (loss) before reclassifications, net of tax |
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(3,940) |
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— |
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|
8 |
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(3,932) |
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Amounts reclassified from accumulated other comprehensive loss, net of tax |
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2,387 |
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— |
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— |
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2,387 |
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Other comprehensive income (loss) |
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(1,553) |
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— |
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|
8 |
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(1,545) |
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Balance at September 27, 2020 |
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$ |
(5,927) |
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$ |
(1,270) |
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$ |
(46) |
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$ |
(7,243) |
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