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EQUITY AND NONCONTROLLING INTERESTS (Tables)

9 Months Ended

Sep. 25, 2021

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 25, 2021						September 26, 2020						September 25, 2021						September 26, 2020
			(in thousands)
Numerator:
Net income			$	105,159					$	102,611					$	259,010					$	221,116
Less: Net income (expense) attributable to noncontrolling interests			1,733						(298)						5,606						3
Net income attributable to common shareholders			$	103,426					$	102,909					$	253,404					$	221,113
Denominator:
Weighted-average shares outstanding - Basic			50,425						49,703						50,234						49,482
Effect of dilutive securities:
Stock options, restricted stock units and performance share units			1,133						999						1,126						889
Weighted-average shares outstanding - Diluted			51,558						50,702						51,360						50,371

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 26, 2020			$	(73,884)					$	(64,990)					$	(138,874)
Other comprehensive income before reclassifications			1,407						—						1,407
Amounts reclassified from accumulated other comprehensive income			—						2,972						2,972
Net current period other comprehensive income			1,407						2,972						4,379
Income tax (benefit) expense			(2,448)						732						(1,716)
September 25, 2021			$	(70,029)					$	(62,750)					$	(132,779)

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 25, 2021						September 26, 2020
			(in thousands)
Beginning balance			$	25,499					$	28,647
Adjustment to Vital River redemption value			3,043						—
Purchase of a 10% redeemable noncontrolling interest			—						(3,732)
Net income (loss) attributable to noncontrolling interests			3,674						(1,278)
Foreign currency translation			340						396
Ending balance			$	32,556					$	24,033

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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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- Definition

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=124509347&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=124432515&loc=d3e3550-109257

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