Stockholders' Equity (Tables)

9 Months Ended

Sep. 28, 2019

Equity [Abstract]

Schedule of changes in stockholders' equity

The following tables reflect the changes in stockholders’ equity for the three months ended September 28, 2019 and September 29, 2018 (in thousands).

			Total Stockholders’ Equity
	Redeemable Noncontrolling Interest		Common Stock					Additional Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock					Noncontrolling Interest			Total Stockholders’ Equity
			Shares		Amount											Shares		Amount
June 29, 2019	$	—	79,712		$	797		$	1,859,248	$	6,903,261		$	(732,521	)	(7,348	)	$	(215,712	)	$	6,518		$	7,821,591
Shares issued under employee and director stock plans	—		—		—			—		—			—			—		—			—			—
Stock-based compensation expense	—		—		—			5,651		—			—			—		—			—			5,651
Repurchases of common stock	—		(519	)	(5		)	—		(67,703		)	—			—		—			—			(67,708		)
Accretion of redeemable noncontrolling interest	—		—		—			—		—			—			—		—			—			—
Noncontrolling earnings	—		—		—			—		—			—			—		—			150			150
Currency translation adjustment on non-controlling interests	—		—		—			—		—			—			—		—			(157		)	(157		)
Currency translation adjustment	—		—		—			—		—			(149,982		)	—		—			—			(149,982		)
Prior pension and post-retirement benefit service cost and actuarial gain / loss	—		—		—			—		—			216			—		—			—			216
Net income	—		—		—			—		155,518			—			—		—			—			155,518
September 28, 2019	$	—	79,193		$	792		$	1,864,899	$	6,991,076		$	(882,287	)	(7,348	)	$	(215,712	)	$	6,511		$	7,765,279

				Total Stockholders’ Equity
	Redeemable Noncontrolling Interest			Common Stock			Additional Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock					Noncontrolling Interest			Total Stockholders’ Equity
				Shares	Amount										Shares		Amount
June 30, 2018	$	30,043		81,952	$	820	$	1,842,060	$	6,409,552		$	(671,133	)	(7,350	)	$	(215,745	)	$	7,880		$	7,373,434
Shares issued under employee and director stock plans	—			—	—		—		—			—			—		—			—			—
Stock-based compensation expense	—			—	—		5,104		—			—			—		—			—			5,104
Repurchases of common stock	—			—	—		—		—			—			—		—			—			—
Accretion of redeemable noncontrolling interest	670			—	—		—		(669		)	—			—		—			—			(669		)
Noncontrolling earnings	817			—	—		—		—			—			—		—			195			195
Currency translation adjustment on non-controlling interests	(303		)	—	—		—		—			—			—		—			(54		)	(54		)
Currency translation adjustment	—			—	—		—		—			(33,314		)	—		—			—			(33,314		)
Prior pension and post-retirement benefit service cost and actuarial gain / loss	—			—	—		—		—			68			—		—			—			68
Net income	—			—	—		—		227,013			—			—		—			—			227,013
September 29, 2018	$	31,227		81,952	$	820	$	1,847,164	$	6,635,896		$	(704,379	)	(7,350	)	$	(215,745	)	$	8,021		$	7,571,777

The following tables reflect the changes in stockholders’ equity for the nine months ended September 28, 2019 and September 29, 2018 (in thousands).

			Total Stockholders’ Equity
	Redeemable Noncontrolling Interest		Common Stock					Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock					Noncontrolling Interest			Total Stockholders’ Equity
			Shares		Amount												Shares		Amount
January 1, 2019	$	—	79,656		$	797		$	1,852,173		$	6,588,197		$	(791,608	)	(7,349	)	$	(215,745	)	$	6,245		$	7,440,059
Shares issued under employee and director stock plans	—		122		1			(4,502		)	—			—			1		33			—			(4,468		)
Stock-based compensation expense	—		—		—			17,228			—			—			—		—			—			17,228
Repurchases of common stock	—		(585	)	(6		)	—			(76,665		)	—			—		—			—			(76,671		)
Accretion of redeemable noncontrolling interest	—		—		—			—			—			—			—		—			—			—
Noncontrolling earnings	—		—		—			—			—			—			—		—			354			354
Currency translation adjustment on non-controlling interests	—		—		—			—			—			—			—		—			(88		)	(88		)
Currency translation adjustment	—		—		—			—			—			(90,962		)	—		—			—			(90,962		)
Prior pension and post-retirement benefit service cost and actuarial gain / loss	—		—		—			—			—			283			—		—			—			283
Net income	—		—		—			—			479,544			—			—		—			—			479,544
September 28, 2019	$	—	79,193		$	792		$	1,864,899		$	6,991,076		$	(882,287	)	(7,348	)	$	(215,712	)	$	6,511		$	7,765,279

				Total Stockholders’ Equity
	Redeemable Noncontrolling Interest			Common Stock			Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock					Noncontrolling Interest			Total Stockholders’ Equity
				Shares	Amount											Shares		Amount
January 1, 2018	$	29,463		81,771	$	818	$	1,828,131		$	6,004,506		$	(558,527	)	(7,350	)	$	(215,766	)	$	7,847		$	7,067,009
Shares issued under employee and director stock plans	—			181	2		(7,664		)	—			—			—		21			—			(7,641		)
Stock-based compensation expense	—			—	—		26,697			—			—			—		—			—			26,697
Repurchases of common stock	—			—	—		—			—			—			—		—			—			—
Accretion of redeemable noncontrolling interest	975			—	—		—			(975		)	—			—		—			—			(975		)
Noncontrolling earnings	2,043			—	—		—			—			—			—		—			404			404
Currency translation adjustment on non-controlling interests	(1,254		)	—	—		—			—			—			—		—			(230		)	(230		)
Currency translation adjustment	—			—	—					—			(146,143		)	—		—			—			(146,143		)
Prior pension and post-retirement benefit service cost and actuarial gain / loss	—			—	—		—			—			291			—		—			—			291
Net income	—			—	—		—			632,365			—			—		—			—			632,365
September 29, 2018	$	31,227		81,952	$	820	$	1,847,164		$	6,635,896		$	(704,379	)	(7,350	)	$	(215,745	)	$	8,021		$	7,571,777