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EQUITY AND NONCONTROLLING INTEREST (Tables)
3 Months Ended
Mar. 30, 2019
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, 2019
 
March 31, 2018
 
(in thousands)
Numerator:
 
 
 
Income from continuing operations, net of income taxes
$
55,688

 
$
53,268

Loss from discontinued operations, net of income taxes

 
(23
)
Less: Net income attributable to noncontrolling interests
555

 
614

Net income attributable to common shareholders
$
55,133

 
$
52,631

 
 
 
 
Denominator:
 
 
 
Weighted-average shares outstanding - Basic
48,458

 
47,785

Effect of dilutive securities:
 
 
 
Stock options, restricted stock units, performance share units and restricted stock
1,004

 
1,043

Weighted-average shares outstanding - Diluted
49,462

 
48,828

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 29, 2018
$
(102,199
)
 
$
(70,504
)
 
$
(172,703
)
Other comprehensive income before reclassifications
9,427

 

 
9,427

Amounts reclassified from accumulated other comprehensive loss

 
374

 
374

Net current period other comprehensive income
9,427

 
374

 
9,801

Income tax (benefit) expense
(182
)
 
80

 
(102
)
March 30, 2019
$
(92,590
)
 
$
(70,210
)
 
$
(162,800
)
Rollforward Redeemable Noncontrolling Interest
The following table provides a rollforward of the activity related to the Company’s redeemable noncontrolling interest:
 
Three Months Ended
 
March 30, 2019
 
March 31, 2018
 
(in thousands)
Beginning balance
$
18,525

 
$
16,609

Total gains or losses (realized/unrealized):
 
 
 
Net income attributable to noncontrolling interest
85

 
150

Adjustment to redemption value
1,451

 

Foreign currency translation
458

 
564

Ending balance
$
20,519

 
$
17,323