XML 40 R30.htm IDEA: XBRL DOCUMENT v3.2.0.727
Equity (Tables)
 6 Months Ended
Jun. 27, 2015
Equity [Abstract]  
Reconciliation of the Numerator and Denominator in the Computations of the Basic and Diluted Earnings Per Share
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
Schedule of 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
)
The income tax expense (benefit) related to items of other comprehensive income are as follows:
 
Three Months Ended
 
Six Months Ended
 
June 27, 2015
 
June 28, 2014
 
June 27, 2015
 
June 28, 2014
 
(in thousands)
Income tax benefit related to foreign currency translation adjustment
$
—

 
$
—

 
$
—

 
$
(105
)
Income tax expense related to change in unrecognized pension gains, losses and prior service costs
263

 
129

 
480

 
253

Income tax expense related to items of other comprehensive income
$
263


$
129


$
480


$
148