Redeemable Noncontrolling Interests

9 Months Ended

Sep. 29, 2018

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 nine months ended September 29, 2018 and the year ended December 30, 2017 are presented in the following table:

		September 29,		December 30,
		2018		2017
Balance, beginning of period		$	832,138	$	607,636
Decrease in redeemable noncontrolling interests due to
	redemptions		(666,363)		(48,669)
Increase in redeemable noncontrolling interests due to
	business acquisitions		10,058		78,939
Net income attributable to redeemable noncontrolling interests			17,019		52,203
Dividends declared			(16,293)		(28,161)
Effect of foreign currency translation gain (loss) attributable to
	redeemable noncontrolling interests		(13,752)		7,461
Change in fair value of redeemable securities			119,695		162,729
Balance, end of period		$	282,502	$	832,138

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.