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EQUITY AND NONCONTROLLING INTERESTS (Tables)
 12 Months Ended
Dec. 29, 2018
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:
 
Fiscal Year
 
2018
 
2017
 
2016
 
(in thousands)
Numerator:
 
 
 
 
 
Income from continuing operations, net of income taxes
$
227,218

 
$
125,586

 
$
156,086

Income (loss) from discontinued operations, net of income taxes
1,506

 
(137
)
 
280

Less: Net income attributable to noncontrolling interests
2,351

 
2,094

 
1,601

Net income attributable to common shareholders
$
226,373

 
$
123,355

 
$
154,765

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted-average shares outstanding—Basic
47,947

 
47,481

 
47,014

Effect of dilutive securities:
 
 
 
 
 
Stock options, restricted stock, restricted stock units and performance share units
1,071

 
1,083

 
944

Weighted-average shares outstanding—Diluted
49,018

 
48,564

 
47,958
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
 
Pension and Other Post-Retirement Benefit Plans
 
Total
 
(in thousands)
December 31, 2016
$
(154,595
)
 
$
(99,169
)
 
$
(253,764
)
Other comprehensive income before reclassifications (1)
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
)
Other comprehensive loss before reclassifications (1)
(27,352
)
 
(1,659
)
 
(29,011
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
2,477

 
2,477

Net current period other comprehensive (loss) income
(27,352
)
 
818

 
(26,534
)
Amount reclassified from accumulated other comprehensive loss due to the adoption of ASU 2018-02 (See Note 1)
—

 
3,330

 
3,330

Income tax (benefit) expense
(2,698
)
 
806

 
(1,892
)
December 29, 2018
$
(102,199
)
 
$
(70,504
)
 
$
(172,703
)
(1) The impact of the foreign currency translation adjustment to other comprehensive income (loss) before reclassifications 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.
Rollforward of Redeemable Noncontrolling Interest
The following table provides a rollforward of the activity related to the Company’s redeemable noncontrolling interest:
 
Fiscal Year
 
2018
 
2017
 
(in thousands)
Beginning balance
$
16,609

 
$
14,659

Total gains or losses (realized/unrealized):
 
 
 
Net income attributable to noncontrolling interest
800

 
916

Adjustment to redemption value
2,069

 
—

Foreign currency translation
(953
)
 
1,034

Ending balance
$
18,525

 
$
16,609

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

Purchase of 12% equity
$
(12,360
)
Total gains or losses (realized/unrealized):
 
Net income attributable to noncontrolling interest
357

Foreign currency translation
(818
)
Modification of 13% purchase option
1,495

December 31, 2016
$
14,659