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Equity and Redeemable Noncontrolling Interest (Tables)

9 Months Ended

Sep. 30, 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								Nine Months Ended
	September 30, 2017				September 24, 2016				September 30, 2017				September 24, 2016
	(in thousands)
Numerator:
Income from continuing operations, net of income taxes	$	52,994			$	37,691			$	154,630			$	110,811
Income (loss) from discontinued operations, net of income taxes	(39		)		342				(114		)		328
Less: Net income attributable to noncontrolling interests	481				298				1,312				1,054
Net income attributable to common shareholders	$	52,474			$	37,735			$	153,204			$	110,085
Denominator:
Weighted-average shares outstanding - Basic	47,451				47,160				47,530				46,954
Effect of dilutive securities:
Stock options, restricted stock units, performance share units and restricted stock	939				874				910				884
Weighted-average shares outstanding - Diluted	48,390				48,034				48,440				47,838

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	68,590				—				68,590
Amounts reclassified from accumulated other comprehensive income (loss)	—				2,638				2,638
Net current period other comprehensive income	68,590				2,638				71,228
Income tax expense	—				776				776
September 30, 2017	$	(86,005	)		$	(97,307	)		$	(183,312	)

Rollforward Redeemable Noncontrolling Interest

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

	Nine Months Ended
	September 30, 2017				September 24, 2016
	(in thousands)
Beginning balance	$	14,659			$	28,008
Purchase of 12% equity interest	—				(12,360		)
Total gains or losses (realized/unrealized):
Net income attributable to noncontrolling interest	474				462
Foreign currency translation	652				(875		)
Modification of 13% purchase option	—				1,495
Change in fair value, included in additional paid-in capital	—				(1,690		)
Ending balance	$	15,785			$	15,040

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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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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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