EQUITY AND NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 30, 2017

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:



	Fiscal Year
	2017			2016		2015
	(in thousands)
Numerator:
Income from continuing operations, net of income taxes	$	125,586		$	156,086	$	152,037
Income (loss) from discontinued operations, net of income taxes	(137		)	280		(950		)
Less: Net income attributable to noncontrolling interests	2,094			1,601		1,774
Net income attributable to common shareholders	$	123,355		$	154,765	$	149,313

Denominator:
Weighted-average shares outstanding—Basic	47,481			47,014		46,496
Effect of dilutive securities:
Stock options, restricted stock units, performance share units and restricted stock	1,083			944		1,138
Weighted-average shares outstanding—Diluted	48,564			47,958		47,634

Changes to Each Component of Accumulated Other Comprehensive Income (Loss), Net of Income Taxes

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



	Foreign Currency Translation Adjustment and Other⁽³⁾			Pension and Other Post-Retirement Benefit Plans			Total
	(in thousands)
December 26, 2015	$	(82,977	)	$	(52,571	)	$	(135,548	)
Other comprehensive loss before reclassifications ⁽¹⁾	(71,618		)	(60,678		)	(132,296		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			1,711			1,711
Net current period other comprehensive income (loss)	(71,618		)	(58,967		)	(130,585		)
Income tax benefit	—			(12,369		)	(12,369		)
December 31, 2016	(154,595		)	(99,169		)	(253,764		)
Other comprehensive income before reclassifications ⁽²⁾	77,050			36,593			113,643
Amounts reclassified from accumulated other comprehensive income (loss)	—			3,344			3,344
Net current period other comprehensive income (loss)	77,050			39,937			116,987
Income tax expense	—			7,954			7,954
December 30, 2017	$	(77,545	)	$	(67,186	)	$	(144,731	)
⁽¹⁾ The impact of the foreign currency translation adjustment to other comprehensive income (loss) before reclassifications for fiscal year 2016 was primarily due to the effect of changes in foreign currency exchange rates of the Euro, British Pound, and Canadian Dollar and to a lesser extent due to the impact of changes in the Chinese Yuan Renminbi and Japanese Yen.
⁽²⁾ The impact of the foreign currency translation adjustment to other comprehensive income (loss) before reclassifications for fiscal year 2017 was primarily due to the effect of changes in foreign currency exchange rates of the Euro, British Pound, and Canadian Dollar and to a lesser extent due to the impact of changes in the Chinese Yuan Renminbi and Japanese Yen.
⁽³⁾ Foreign currency translation adjustment and other includes a non-significant amount of unrealized gains (losses) on available-for-sale marketable securities.

Rollforward of Redeemable Noncontrolling Interest

The following table provides a rollforward of the activity related to the Company’s redeemable noncontrolling interest subsequent to the acquisition of the additional 12% equity interest on July 7, 2016:



	Fiscal Year
	2017		2016
	(in thousands)
Beginning balance ⁽¹⁾	$	14,659	$	25,985
Purchase of 12% equity interest	—		(12,360		)
Total gains or losses (realized/unrealized):
Net income attributable to noncontrolling interest	916		357
Foreign currency translation	1,034		(818		)
Modification of 13% purchase option	—		1,495
Ending balance	$	16,609	$	14,659
⁽¹⁾ The beginning balance for fiscal year 2016 is comprised of the fair value amount of the redeemable noncontrolling interest at July 7, 2016.

The following table provides a rollforward of the fair value of the Company’s redeemable noncontrolling interest for fiscal year 2016:



	Redeemable Noncontrolling Interest
	(in thousands)
December 26, 2015	$	28,008
Total gains or losses (realized/unrealized):
Net income attributable to noncontrolling interest	320
Foreign currency translation	(653		)
Change in fair value, included in additional paid-in capital	(1,690		)
July 7, 2016	$	25,985