Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Loss

v3.22.2.2
Accumulated Other Comprehensive Loss
9 Months Ended
Oct. 01, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS

12. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present changes in accumulated other comprehensive loss by component:

 

 

 

Unrealized
Gains and
(Losses) on
Derivative Instruments

 

 

Foreign
Currency
Items

 

 

Total

 

Balance at January 1, 2022

 

$

(1,334

)

 

$

(47,655

)

 

$

(48,989

)

Other comprehensive income (loss) before reclassifications

 

 

14,841

 

 

 

(59,695

)

 

 

(44,854

)

Amounts reclassified from accumulated other comprehensive loss, net of tax

 

 

(1,115

)

 

 

 

 

 

(1,115

)

Tax effect

 

 

(3,221

)

 

 

12,642

 

 

 

9,421

 

Net current period other comprehensive income (loss)

 

 

10,505

 

 

 

(47,053

)

 

 

(36,548

)

Balance at October 1, 2022

 

$

9,171

 

 

$

(94,708

)

 

$

(85,537

)

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized
Gains and
(Losses) on
Derivative Instruments

 

 

Foreign
Currency
Items

 

 

Total

 

Balance at January 2, 2021

 

$

(5,922

)

 

$

(28,418

)

 

$

(34,340

)

Other comprehensive income (loss) before reclassifications

 

 

6,071

 

 

 

(17,944

)

 

 

(11,873

)

Amounts reclassified from accumulated other comprehensive loss, net of tax

 

 

(2,353

)

 

 

 

 

 

(2,353

)

Tax effect

 

 

(853

)

 

 

3,729

 

 

 

2,876

 

Net current period other comprehensive income (loss)

 

 

2,865

 

 

 

(14,215

)

 

 

(11,350

)

Balance at October 2, 2021

 

$

(3,057

)

 

$

(42,633

)

 

$

(45,690

)