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Stockholders' Equity | 6 Months Ended
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Jun. 27, 2020
Equity [Abstract] |
Stockholders' Equity | Accumulated other comprehensive income (loss) The changes in accumulated other comprehensive income (loss) by component, for the six months ended June 27, 2020 are as follows:
| Foreign currency translation adjustments |  | Pensions, net of tax |  | Total
Balance as of December 31, 2019 | $ | (753,108) |  |  | (12,716) |  |  | (765,824) |
Current period other comprehensive income (loss) | (201,046) |  |  | 94 |  |  | (200,952) |
Balance as of June 27, 2020 | $ | (954,154) |  |  | (12,622) |  |  | (966,776) |
Stockholders’ Equity The following tables reflect the changes in stockholders’ equity for the three months ended June 27, 2020 and June 29, 2019 (in thousands).
|  | Total Stockholders’ Equity |  |  |  |  |  |  |  |
|  | Common Stock |  | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock |  | Noncontrolling Interest | Total Stockholders' Equity
|  | Shares | Amount |  |  |  | Shares | Amount |  |
March 28, 2020 |  | 78,531 |  | $ | 785 |  | $ | 1,870,003 |  | $ | 7,274,085 |  | $ | (1,087,852) |  | (7,346) |  | $ | (215,653) |  | $ | 6,275 |  | $ | 7,847,643 |
Shares issued under employee and director stock plans |  | 10 |  | — |  | (15) |  | — |  | — |  | — |  | 5 |  | — |  | (10) |
Stock-based compensation expense |  | — |  | — |  | 4,635 |  | — |  | — |  | — |  | — |  | — |  | 4,635 |
Repurchases of common stock |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Noncontrolling earnings (loss) |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (331) |  | (331) |
Currency translation adjustment on non-controlling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 108 |  | 108 |
Currency translation adjustment |  | — |  | — |  | — |  | — |  | 121,083 |  | — |  | — |  | — |  | 121,083 |
Prior pension and post-retirement benefit service cost and actuarial gain (loss) |  | — |  | — |  | — |  | — |  | (7) |  | — |  | — |  | — |  | (7) |
CECL adoption |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Net loss |  | — |  | — |  | — |  | (48,257) |  | — |  | — |  | — |  | — |  | (48,257) |
June 27, 2020 |  | 78,541 |  | $ | 785 |  | $ | 1,874,623 |  | $ | 7,225,828 |  | $ | (966,776) |  | (7,346) |  | $ | (215,648) |  | $ | 6,052 |  | $ | 7,924,864 |
|  | Total Stockholders’ Equity |  |  |  |  |  |  |  |
|  | Common Stock |  | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock |  | Noncontrolling Interest | Total Stockholders' Equity
|  | Shares | Amount |  |  |  | Shares | Amount |  |
March 30, 2019 |  | 79,771 |  | $ | 798 |  | $ | 1,853,484 |  | $ | 6,709,782 |  | $ | (777,547) |  | (7,349) |  | $ | (215,716) |  | $ | 6,244 |  | $ | 7,577,045 |
Shares issued under employee and director stock plans |  | 7 |  | — |  | (24) |  | — |  | — |  | 1 |  | 4 |  | — |  | (20) |
Stock-based compensation expense |  | — |  | — |  | 5,788 |  | — |  | — |  | — |  | — |  | — |  | 5,788 |
Repurchases of common stock |  | (66) |  | (1) |  | — |  | (8,962) |  | — |  | — |  | — |  | — |  | (8,963) |
Noncontrolling earnings |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 214 |  | 214 |
Currency translation adjustment on non-controlling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 60 |  | 60 |
Currency translation adjustment |  | — |  | — |  | — |  | — |  | 45,067 |  | — |  | — |  | — |  | 45,067 |
Prior pension and post-retirement benefit service cost and actuarial gain (loss) |  | — |  | — |  | — |  | — |  | (41) |  | — |  | — |  | — |  | (41) |
Net income |  | — |  | — |  | — |  | 202,441 |  | — |  | — |  | — |  | — |  | 202,441 |
June 29, 2019 |  | 79,712 |  | $ | 797 |  | $ | 1,859,248 |  | $ | 6,903,261 |  | $ | (732,521) |  | (7,348) |  | $ | (215,712) |  | $ | 6,518 |  | $ | 7,821,591 |
The following tables reflect the changes in stockholders’ equity for the six months ended June 27, 2020 and June 29, 2019 (in thousands).
|  | Total Stockholders’ Equity |  |  |  |  |  |  |  |
|  | Common Stock |  | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock |  | Noncontrolling Interest | Total Stockholders' Equity
|  | Shares | Amount |  |  |  | Shares | Amount |  |
January 1, 2020 |  | 78,980 |  | $ | 790 |  | $ | 1,868,250 |  | $ | 7,232,337 |  | $ | (765,824) |  | (7,348) |  | $ | (215,712) |  | $ | 6,607 |  | $ | 8,126,448 |
Shares issued under employee and director stock plans |  | 140 |  | 1 |  | (3,303) |  | — |  | — |  | 2 |  | 64 |  | — |  | (3,238) |
Stock-based compensation expense |  | — |  | — |  | 9,676 |  | — |  | — |  | — |  | — |  | — |  | 9,676 |
Repurchases of common stock |  | (579) |  | (6) |  | — |  | (68,635) |  | — |  | — |  | — |  | — |  | (68,641) |
Noncontrolling earnings (loss) |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (380) |  | (380) |
Currency translation adjustment on non-controlling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (175) |  | (175) |
Currency translation adjustment |  | — |  | — |  | — |  | — |  | (201,046) |  | — |  | — |  | — |  | (201,046) |
Prior pension and post-retirement benefit service cost and actuarial gain (loss) |  | — |  | — |  | — |  | — |  | 94 |  | — |  | — |  | — |  | 94 |
CECL adoption |  | — |  | — |  | — |  | (131) |  | — |  | — |  | — |  | — |  | (131) |
Net income |  | — |  | — |  | — |  | 62,257 |  | — |  | — |  | — |  | — |  | 62,257 |
June 27, 2020 |  | 78,541 |  | $ | 785 |  | $ | 1,874,623 |  | $ | 7,225,828 |  | $ | (966,776) |  | (7,346) |  | $ | (215,648) |  | $ | 6,052 |  | $ | 7,924,864 |
|  | Total Stockholders’ Equity |  |  |  |  |  |  |  |
|  | Common Stock |  | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock |  | Noncontrolling Interest | Total Stockholders' Equity
|  | Shares | Amount |  |  |  | Shares | Amount |  |
January 1, 2019 |  | 79,656 |  | $ | 797 |  | $ | 1,852,173 |  | $ | 6,588,197 |  | $ | (791,608) |  | (7,349) |  | $ | (215,745) |  | $ | 6,245 |  | $ | 7,440,059 |
Shares issued under employee and director stock plans |  | 122 |  | 1 |  | (4,502) |  | — |  | — |  | 1 |  | 33 |  | — |  | (4,468) |
Stock-based compensation expense |  | — |  | — |  | 11,577 |  | — |  | — |  | — |  | — |  | — |  | 11,577 |
Repurchases of common stock |  | (66) |  | (1) |  | — |  | (8,962) |  | — |  | — |  | — |  | — |  | (8,963) |
Noncontrolling earnings |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 204 |  | 204 |
Currency translation adjustment on non-controlling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 69 |  | 69 |
Currency translation adjustment |  | — |  | — |  |  | — |  | 59,020 |  | — |  | — |  | — |  | 59,020 |
Prior pension and post-retirement benefit service cost and actuarial gain (loss) |  | — |  | — |  | — |  | — |  | 67 |  | — |  | — |  | — |  | 67 |
Net income |  | — |  | — |  | — |  | 324,026 |  | — |  | — |  | — |  | — |  | 324,026 |
June 29, 2019 |  | 79,712 |  | $ | 797 |  | $ | 1,859,248 |  | $ | 6,903,261 |  | $ | (732,521) |  | (7,348) |  | $ | (215,712) |  | $ | 6,518 |  | $ | 7,821,591 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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