| 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 hedges of cash flows, cumulative foreign currency translation and other adjustments. The activity in accumulated other comprehensive loss during the second quarter and six months ended June 28, 2020 and June 30, 2019 was as follows:
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Second Quarter Ended June 28, 2020 |
(thousands) |
Cash Flow Hedges |
|
Other |
|
Foreign Currency Items |
|
Total |
Balance at March 29, 2020 |
$ |
(7,380 |
) |
|
$ |
(1,270 |
) |
|
$ |
(91 |
) |
|
$ |
(8,741 |
) |
Other comprehensive income (loss) (net of tax (benefit) of ($158), $0 and $0) |
464 |
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|
— |
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|
(15 |
) |
|
449 |
|
Balance at June 28, 2020 |
$ |
(6,916 |
) |
|
$ |
(1,270 |
) |
|
$ |
(106 |
) |
|
$ |
(8,292 |
) |
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Six Months Ended June 28, 2020 |
(thousands) |
Cash Flow Hedges |
|
Other |
|
Foreign Currency Items |
|
Total |
Balance at December 31, 2019 |
$ |
(4,374 |
) |
|
$ |
(1,270 |
) |
|
$ |
(54 |
) |
|
$ |
(5,698 |
) |
Other comprehensive loss (net of tax of $882, $0 and $0) |
(2,542 |
) |
|
— |
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|
(52 |
) |
|
(2,594 |
) |
Balance at June 28, 2020 |
$ |
(6,916 |
) |
|
$ |
(1,270 |
) |
|
$ |
(106 |
) |
|
$ |
(8,292 |
) |
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Second Quarter Ended June 30, 2019
|
(thousands) |
Cash Flow Hedges |
|
Other |
|
Foreign Currency Items |
|
Total |
Balance at March 31, 2019 |
$ |
(3,027 |
) |
|
$ |
(675 |
) |
|
$ |
(5 |
) |
|
$ |
(3,707 |
) |
Other comprehensive loss (net of tax of $659, $0 and $0) |
(1,931 |
) |
|
— |
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|
(94 |
) |
|
(2,025 |
) |
Balance at June 30, 2019 |
$ |
(4,958 |
) |
|
$ |
(675 |
) |
|
$ |
(99 |
) |
|
$ |
(5,732 |
) |
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Six Months Ended June 30, 2019
|
(thousands) |
Cash Flow Hedges |
|
Other |
|
Foreign Currency Items |
|
Total |
Balance at December 31, 2018 |
$ |
(1,973 |
) |
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$ |
(675 |
) |
|
$ |
(32 |
) |
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$ |
(2,680 |
) |
Other comprehensive loss (net of tax of $1,015, $0 and $0) |
(2,985 |
) |
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— |
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|
(67 |
) |
|
(3,052 |
) |
Balance at June 30, 2019 |
$ |
(4,958 |
) |
|
$ |
(675 |
) |
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$ |
(99 |
) |
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$ |
(5,732 |
) |
Reclassification adjustments out of accumulated other comprehensive loss were immaterial for all periods presented.
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