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Redeemable Noncontrolling Interests
12 Months Ended
Dec. 28, 2013
Temporary Equity Disclosure [Abstract]  
Redeemable Noncontrolling Interests

Note 6Redeemable Noncontrolling Interests

 

Some minority shareholders in certain of our subsidiaries have the right, at certain times, to require us to acquire their ownership interest in those entities at fair value. Accounting Standards Codification (“ASC”) Topic 480-10 is applicable for noncontrolling interests where we are or may be required to purchase all or a portion of the outstanding interest in a consolidated subsidiary from the noncontrolling interest holder under the terms of a put option contained in contractual agreements. The components of the change in the Redeemable noncontrolling interests for the years ended December 28, 2013, December 29, 2012 and December 31, 2011 are presented in the following table:

   December 28, December 29, December 31,
   2013 2012 2011
Balance, beginning of period  $435,175 $402,050 $304,140
Decrease in redeemable noncontrolling interests due to         
 redemptions   (9,028)  (23,637)  (160,254)
Increase in redeemable noncontrolling interests due to         
 business acquisitions  11,542  30,935  13,618
Net income attributable to redeemable noncontrolling interests   39,430  34,803  36,514
Dividends declared   (19,965)  (21,013)  (15,212)
Effect of foreign currency translation gain (loss) attributable to         
 redeemable noncontrolling interests   (654)  904  (889)
Change in fair value of redeemable securities   41,039  53,769  224,133
Other adjustment to redeemable noncontrolling interests   -  (42,636)  -
Balance, end of period  $497,539 $435,175 $402,050

Changes in the estimated redemption amounts of the noncontrolling interests subject to put options are adjusted at each reporting period with a corresponding adjustment to Additional paid-in capital. Future reductions in the carrying amounts are subject to a “floor” amount that is equal to the fair value of the redeemable noncontrolling interests at the time they were originally recorded. The recorded value of the redeemable noncontrolling interests cannot go below the floor level. These adjustments do not impact the calculation of earnings per share.