EQUITY

The following table reconciles the numerator and denominator in the computations of basic and diluted earnings per share:



	Three Months Ended						Six Months Ended
	June 27, 2015			June 28, 2014			June 27, 2015			June 28, 2014
	(in thousands)
Numerator:
Net income from continuing operations attributable to common shareholders	$	48,516		$	35,908		$	80,064		$	68,410
Loss from discontinued operations, net of income taxes	(7		)	(644		)	(14		)	(914		)
Net income attributable to common shareholders	$	48,509		$	35,264		$	80,050		$	67,496

Denominator:
Weighted-average shares outstanding—Basic	46,675			46,942			46,712			47,016
Effect of dilutive securities:
Stock options, restricted stock units, performance stock units and contingently issuable restricted stock	875			742			1,006			893
Weighted-average shares outstanding—Diluted	47,550			47,684			47,718			47,909

Earnings Per Share

Options to purchase approximately 0.5 million and 0.9 million shares were outstanding at both June 27, 2015 and June 28, 2014, respectively, but were not included in computing diluted earnings per share because their inclusion would have been anti-dilutive. Basic weighted average shares outstanding for both the three and six months ended June 27, 2015 and June 28, 2014 excluded the weighted average impact of approximately 1.1 million and 1.2 million shares, respectively, of non-vested restricted stock and restricted stock units.

Treasury Shares

In July 2010, the Company’s Board of Directors authorized a $500.0 million stock repurchase program, and subsequently approved increases to the stock repurchase program of $250.0 million in 2010, $250.0 million in 2013 and $150.0 million in 2014 for an aggregate authorization of $1,150.0 million. The Company repurchased approximately 1.2 million shares for $90.8 million and approximately 1.7 million shares for $90.3 million in the six months ended June 27, 2015 and June 28, 2014, respectively. As of June 27, 2015, the Company had $87.6 million remaining on the authorized stock repurchase program. The Company’s 2007 Incentive Plan permits the netting of common stock upon vesting of restricted stock and restricted stock units in order to satisfy individual minimum statutory tax withholding requirements. During the six months ended June 27, 2015 and June 28, 2014, the Company acquired approximately 0.1 million shares for $8.7 million and approximately 0.1 million shares for $6.7 million, respectively.

Accumulated Other Comprehensive Income (Loss)

Changes to each component of accumulated other comprehensive income (loss), net of income tax, are as follows:



	Foreign Currency Translation and Other			Pension and Other Post-Retirement Benefit Plans			Total
	(in thousands)
December 27, 2014	$	(19,891	)	$	(54,356	)	$	(74,247	)
Other comprehensive loss before reclassifications	(14,785		)	—			(14,785		)
Amounts reclassified from accumulated other comprehensive income (loss)	(2,341		)	1,490			(851		)
Net current period other comprehensive income (loss)	(17,126		)	1,490			(15,636		)
Income tax expense	—			480			480
June 27, 2015	$	(37,017	)	$	(53,346	)	$	(90,363	)

Foreign currency translation and other includes an insignificant amount of unrealized gains (losses) on available-for-sale marketable securities.

Nonredeemable Noncontrolling Interests

The Company has investments in several entities, whose financial results are consolidated in the Company’s financial statements, as it has the ability to exercise control over these entities. The interests of the respective noncontrolling parties in these entities have been recorded as noncontrolling interests. The activity within the nonredeemable noncontrolling interests was insignificant during the three and six months ended June 27, 2015 and June 28, 2014.