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EQUITY AND NONCONTROLLING INTERESTS (Tables) | 3 Months Ended
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Mar. 30, 2024
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 30, 2024 |  | April 1, 2023
|  |  |  |  | (in thousands)
Numerator: |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 74,482 |  |  | $ | 103,954 |
Less: Net income attributable to noncontrolling interests |  |  |  |  | 1,522 |  |  | 823 |
Net income available to Charles River Laboratories International, Inc. |  |  |  |  | 72,960 |  |  | 103,131 |
Less: Adjustment of redeemable noncontrolling interest (1) |  |  |  |  | 401 |  |  | — |
Less: Incremental dividends attributable to noncontrolling interest holders (2) |  |  |  |  | 5,230 |  |  | — |
Net income available to Charles River Laboratories International, Inc. common shareholders |  |  |  |  | $ | 67,329 |  |  | $ | 103,131 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding - Basic |  |  |  |  | 51,437 |  |  | 51,097 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options, restricted stock units and performance share units |  |  |  |  | 405 |  |  | 331 |
Weighted-average shares outstanding - Diluted |  |  |  |  | 51,842 |  |  | 51,428 |
Anti-dilutive common stock equivalents (3) |  |  |  |  | 448 |  |  | 405 |
(1) Represents adjustments of redeemable noncontrolling interest that impact retained earnings.
(2) Represents incremental undeclared dividends attributable to Noveprim noncontrolling interest holders who are entitled to preferential dividends for fiscal year 2024.
(3) 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 |  | Net Unrealized (Loss) Gain on Cash Flow Hedge |  | Total
| (in thousands)
December 30, 2023 | $ | (149,999) |  |  | $ | (47,167) |  |  | $ | 739 |  |  | $ | (196,427) |
Other comprehensive income (loss) before reclassifications | (60,077) |  |  | 344 |  |  | 768 |  |  | (58,965) |
Net current period other comprehensive income (loss) | (60,077) |  |  | 344 |  |  | 768 |  |  | (58,965) |
Income tax expense (benefit) | (5,737) |  |  | 80 |  |  | 184 |  |  | (5,473) |
March 30, 2024 | $ | (204,339) |  |  | $ | (46,903) |  |  | $ | 1,323 |  |  | $ | (249,919) |

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