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Redeemable Noncontrolling Interests (Tables)
 12 Months Ended
Dec. 27, 2015
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]  
Redeemable noncontrolling interests
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


________________
(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.