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EQUITY AND NONCONTROLLING INTERESTS (Tables)

3 Months Ended

Mar. 26, 2022

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
															March 26, 2022						March 27, 2021
															(in thousands)
Numerator:
Net income															$	95,226					$	63,935
Less: Net income attributable to noncontrolling interests															2,204						2,405
Net income attributable to common shareholders															$	93,022					$	61,530
Denominator:
Weighted-average shares outstanding - Basic															50,640						49,980
Effect of dilutive securities:
Stock options, restricted stock units and performance share units															685						1,095
Weighted-average shares outstanding - Diluted															51,325						51,075

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 25, 2021			$	(98,173)					$	(66,567)					$	(164,740)
Other comprehensive loss before reclassifications			(12,957)						—						(12,957)
Amounts reclassified from accumulated other comprehensive income			—						746						746
Net current period other comprehensive (loss) income			(12,957)						746						(12,211)
Income tax (benefit) expense			(2,200)						182						(2,018)
March 26, 2022			$	(108,930)					$	(66,003)					$	(174,933)

Rollforward Redeemable Noncontrolling Interest

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

			Three Months Ended
			March 26, 2022						March 27, 2021
			(in thousands)
Beginning balance			$	53,010					$	25,499
Adjustment of noncontrolling interest to redemption value			1,161						835
Net income attributable to noncontrolling interests			1,644						1,716
Foreign currency translation			4						(15)
Ending balance			$	55,819					$	28,035

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- References

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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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- Definition

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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