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Equity and Redeemable Noncontrolling Interest (Tables)

6 Months Ended

Jul. 01, 2017

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
	July 1, 2017				June 25, 2016				July 1, 2017				June 25, 2016
	(in thousands)
Numerator:
Income from continuing operations, net of income taxes	$	54,673			$	35,545			$	101,636			$	73,120
Income (loss) from discontinued operations, net of income taxes	(71		)		12				(75		)		(14		)
Less: Net income attributable to noncontrolling interests	650				350				831				756
Net income attributable to common shareholders	$	53,952			$	35,207			$	100,730			$	72,350
Denominator:
Weighted-average shares outstanding - Basic	47,591				47,061				47,569				46,852
Effect of dilutive securities:
Stock options, restricted stock units, performance share units and restricted stock	751				858				835				939
Weighted-average shares outstanding - Diluted	48,342				47,919				48,404				47,791

Schedule of Accumulated Other Comprehensive Income

Changes to each component of accumulated other comprehensive income, net of income taxes, are as follows:

	Foreign Currency Translation Adjustment and Other				Pension and Other Post-Retirement Benefit Plans				Total
	(in thousands)
December 31, 2016	$	(154,595	)		$	(99,169	)		$	(253,764	)
Other comprehensive loss before reclassifications	44,305				—				44,305
Amounts reclassified from accumulated other comprehensive income (loss)	—				1,755				1,755
Net current period other comprehensive income	44,305				1,755				46,060
Income tax expense	—				623				623
July 1, 2017	$	(110,290	)		$	(98,037	)		$	(208,327	)

Rollforward Redeemable Noncontrolling Interest

The following table provides a rollforward of the activity related to the Company’s redeemable noncontrolling interest:

	Six Months Ended
	July 1, 2017				June 25, 2016
	(in thousands)
Beginning balance	$	14,659			$	28,008
Total gains or losses (realized/unrealized):
Net income attributable to noncontrolling interest	291				320
Foreign currency translation	367				(653		)
Change in fair value, included in additional paid-in capital	—				(1,851		)
Ending balance	$	15,317			$	25,824

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- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=84228862&loc=SL7669686-108580

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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