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EQUITY AND NONCONTROLLING INTERESTS (Tables)

9 Months Ended

Sep. 26, 2020

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 26, 2020						September 28, 2019						September 26, 2020						September 28, 2019
			(in thousands)
Numerator:
Net income			$	102,611					$	73,552					$	221,116					$	173,549
Less: Net (expense) income attributable to noncontrolling interests			(298)						742						3						1,878
Net income attributable to common shareholders			$	102,909					$	72,810					$	221,113					$	171,671
Denominator:
Weighted-average shares outstanding - Basic			49,703						48,818						49,482						48,682
Effect of dilutive securities:
Stock options, restricted stock units and performance share units			999						897						889						945
Weighted-average shares outstanding - Diluted			50,702						49,715						50,371						49,627

Schedule of Accumulated Other Comprehensive Income (Loss)

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 28, 2019			$	(87,578)					$	(90,441)					$	(178,019)
Other comprehensive loss before reclassifications			(18,388)						—						(18,388)
Amounts reclassified from accumulated other comprehensive loss			—						4,150						4,150
Net current period other comprehensive income (loss)			(18,388)						4,150						(14,238)
Income tax expense			2,135						889						3,024
September 26, 2020			$	(108,101)					$	(87,180)					$	(195,281)

Rollforward Redeemable Noncontrolling Interest

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

			Nine Months Ended
			September 26, 2020						September 28, 2019
			(in thousands)
Beginning balance			$	28,647					$	18,525
Acquisition of noncontrolling interest			(3,732)						—
Adjustment to Vital River redemption value (three months ended March 30, 2019)			—						1,451
Purchase of Vital River 5% equity interest			—						(8,745)
Change in fair value of Vital River 8% equity interest, included in additional-paid-in-capital			—						2,708
Modification of Vital River 8% purchase option			—						2,196
Acquisition of a 10% non-controlling interest through acquiring Citoxlab			—						4,035
Acquisition of a 20% non-controlling interest through acquiring a supplier			—						8,740
Net (loss) income attributable to noncontrolling interests			(1,278)						249
Foreign currency translation			396						(814)
Ending balance			$	24,033					$	28,345

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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/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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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/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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