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EQUITY AND NONCONTROLLING INTERESTS (Tables)

9 Months Ended

Sep. 24, 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												Nine Months Ended
			September 24, 2022						September 25, 2021						September 24, 2022						September 25, 2021
			(in thousands)
Numerator:
Net income			$	97,612					$	105,159					$	303,502					$	259,010
Less: Net income attributable to noncontrolling interests			1,139						1,733						4,686						5,606
Net income attributable to common shareholders			$	96,473					$	103,426					$	298,816					$	253,404
Denominator:
Weighted-average shares outstanding - Basic			50,870						50,425						50,778						50,234
Effect of dilutive securities:
Stock options, restricted stock units and performance share units			413						1,133						507						1,126
Weighted-average shares outstanding - Diluted			51,283						51,558						51,285						51,360
Anti-dilutive common stock equivalents(1)			571						154						568						158
(1) These common stock equivalents were outstanding for the periods presented, but were not included in the computation of diluted EPS for those periods because their inclusion would have had an anti-dilutive effect.

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			(253,181)						—						(253,181)
Amounts reclassified from accumulated other comprehensive income			—						2,218						2,218
Net current period other comprehensive (loss) income			(253,181)						2,218						(250,963)
Income tax (benefit) expense			(20,645)						550						(20,095)
September 24, 2022			$	(330,709)					$	(64,899)					$	(395,608)

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 24, 2022						September 25, 2021
			(in thousands)
Beginning balance			$	53,010					$	25,499
Purchase of a 10% redeemable noncontrolling interest			(15,000)						—
Adjustments of noncontrolling interests to redemption values			6,681						3,043
Net income attributable to noncontrolling interests			2,963						3,674
Dividend to redeemable noncontrolling interest			(3,525)						—
Foreign currency translation			(4,923)						340
Ending balance			$	39,206					$	32,556

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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 https://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 https://asc.fasb.org/extlink&oid=126968391&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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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