Redeemable Noncontrolling Interests

12 Months Ended

Dec. 30, 2017

Temporary Equity Disclosure [Abstract]

Note 6 – Redeemable Noncontrolling Interests

Some minority stockholders 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. 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 30, 2017, December 31, 2016 and December 26, 2015 are presented in the following table:

		December 30,		December 31,		December 26,
		2017		2016		2015
Balance, beginning of period		$	607,636	$	542,194	$	564,527
Decrease in redeemable noncontrolling interests due to
	redemptions		(48,669)		(72,729)		(82,563)
Increase in redeemable noncontrolling interests due to
	business acquisitions		78,939		58,172		18,936
Net income attributable to redeemable noncontrolling interests			52,203		48,760		43,588
Dividends declared			(28,161)		(32,973)		(32,706)
Effect of foreign currency translation gain (loss) attributable to
	redeemable noncontrolling interests		7,461		(2,652)		(4,790)
Change in fair value of redeemable securities			162,729		66,864		35,202
Balance, end of period		$	832,138	$	607,636	$	542,194

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.