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Redeemable Noncontrolling Interests | 12 Months Ended
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Dec. 27, 2015
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract] |
Redeemable noncontrolling interests | Redeemable Noncontrolling Interests The Company consolidates subsidiaries in Brazil and China, each of which have noncontrolling interests that are permitted to deliver subsidiary shares in exchange for cash at a future date. The following table presents a rollforward of Redeemable noncontrolling interests for fiscal years 2015 and 2014:
| FISCAL YEAR
(dollars in thousands) | 2015 |  | 2014
Balance, beginning of period | $ | 24,733 |  |  | $ | 21,984 |
Change in redemption value of Redeemable noncontrolling interests | 2,877 |  |  | — |
Net income attributable to Redeemable noncontrolling interests | 1,005 |  |  | 666 |
Contributions by noncontrolling shareholders | — |  |  | 1,456 |
Foreign currency translation attributable to Redeemable noncontrolling interests | (3,944 | ) |  | — |
Purchase of Redeemable noncontrolling interests (1) | (584 | ) |  | — |
Transfer to redeemable noncontrolling interest | — |  |  | 627 |
Out-of period adjustment - foreign currency translation attributable to Redeemable noncontrolling interests (2) | (9,232 | ) |  | — |
Out-of period adjustment - change in redemption value of Redeemable noncontrolling interests (2) | 8,671 |  |  | — |
Balance, end of period | $ | 23,526 |  |  | $ | 24,733 |
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(1) | In April 2015, certain former equity holders of PGS Par exercised options to sell their remaining interests in the Brazil Joint Venture. See Note 3 - Acquisitions for further information.
(2) | In the third quarter of 2015, the Company identified and corrected errors in accounting for the allocation of foreign currency translation adjustments to Redeemable noncontrolling interests and fair value adjustments for Redeemable noncontrolling interests. See Note 2 - Summary of Significant Accounting Policies for further details.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 + Details
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- References No definition available. + Details
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