EQUITY AND NONCONTROLLING INTERESTS (Tables)

6 Months Ended

Jun. 26, 2021

The following table reconciles the numerator and denominator in the computations of basic and diluted earnings per share:


	Three Months Ended				Six Months Ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands)
Numerator:
Net income	$	89,916	$	67,668	$	153,851	$	118,505
Less: Net income attributable to noncontrolling interests	1,468		233		3,873		301
Net income attributable to common shareholders	$	88,448	$	67,435	$	149,978	$	118,204

Denominator:
Weighted-average shares outstanding - Basic	50,297		49,553		50,138		49,371
Effect of dilutive securities:
Stock options, restricted stock units and performance share units	1,037		693		1,087		747
Weighted-average shares outstanding - Diluted	51,334		50,246		51,225		50,118

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 26, 2020	$	(73,884)	$	(64,990)	$	(138,874)
Other comprehensive income before reclassifications	30,296		—		30,296
Amounts reclassified from accumulated other comprehensive income	—		1,981		1,981
Net current period other comprehensive income	30,296		1,981		32,277
Income tax expense	933		491		1,424
June 26, 2021	$	(44,521)	$	(63,500)	$	(108,021)

The following table provides a rollforward of the activity related to the Company’s redeemable noncontrolling interests:


	Six Months Ended
	June 26, 2021		June 27, 2020
	(in thousands)
Beginning balance	$	25,499	$	28,647
Adjustment to Vital River redemption value	2,341		—
Purchase of a 10% redeemable noncontrolling interest	—		(3,732)
Net income (loss) attributable to noncontrolling interests	2,599		(538)
Foreign currency translation	360		(493)
Ending balance	$	30,799	$	23,884