EQUITY AND NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 26, 2020

The following table reconciles the numerator and denominator in the computations of basic and diluted earnings per share:


	Fiscal Year
	2020		2019		2018
	(in thousands)
Numerator:
Income from continuing operations, net of income taxes	$	365,306	$	254,061	$	227,218
Income from discontinued operations, net of income taxes	—		—		1,506
Less: Net income attributable to noncontrolling interests	1,002		2,042		2,351
Net income attributable to common shareholders	$	364,304	$	252,019	$	226,373

Denominator:
Weighted-average shares outstanding—Basic	49,550		48,730		47,947
Effect of dilutive securities:
Stock options, restricted stock, restricted stock units and performance share units	1,061		963		1,071
Weighted-average shares outstanding—Diluted	50,611		49,693		49,018

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 29, 2018	$	(102,199)	$	(70,504)	$	(172,703)
Other comprehensive income (loss) before reclassifications (1)	14,444		(25,165)		(10,721)
Amounts reclassified from accumulated other comprehensive income	—		1,772		1,772
Net current period other comprehensive income (loss)	14,444		(23,393)		(8,949)
Income tax (benefit)	(177)		(3,456)		(3,633)
December 28, 2019	(87,578)		(90,441)		(178,019)
Other comprehensive income before reclassifications (1)	20,909		15,747		36,656
Amounts reclassified from accumulated other comprehensive income	—		17,861		17,861
Net current period other comprehensive income	20,909		33,608		54,517
Income tax expense	7,215		8,157		15,372
December 26, 2020	$	(73,884)	$	(64,990)	$	(138,874)
(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, Canadian Dollar, and Chinese Yuan Renminbi and to a lesser extent due to the impact of changes in the Japanese Yen and Brazilian Real.

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


	Fiscal Year
	2020		2019
	(in thousands)
Beginning balance	$	28,647	$	18,525
Purchase of a 10% redeemable noncontrolling interest	(3,732)		—
Adjustment to Vital River redemption value	—		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 an approximate 10% noncontrolling interest through acquiring Citoxlab	—		4,035
Acquisition of a 20% noncontrolling interest	—		8,740
Net loss attributable to noncontrolling interests	(852)		(42)
Foreign currency translation	1,436		(221)
Ending balance	$	25,499	$	28,647