Equity method investments (Tables)

12 Months Ended

Dec. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

The Company’s ownership interests in its equity method investments as of December 30, 2017 and December 31, 2016 were as follows:



Entity		Ownership
Japan JV		43.3%
South Korea JV		33.3%
Australia JV		20.0%

The comparison between the carrying value of the Company’s investments in the Japan JV and the South Korea JV and the underlying equity in net assets of those investments is presented in the table below (in thousands):



	Japan JV					South Korea JV
	December 30, 2017			December 31, 2016		December 30, 2017		December 31, 2016
Carrying value of investment	$	13,886		10,789		127,225		104,253
Underlying equity in net assets of investment	35,045			34,312		133,161		109,992
Carrying value less than the underlying equity in net assets^(a)	$	(21,159	)	(23,523	)	(5,936	)	(5,739	)


(a)	The deficits of cost relative to the underlying equity in net assets of the Japan JV and the South Korea JV as of December 30, 2017 and December 31, 2016 are primarily comprised of impairments of long-lived assets, net of tax, recorded in fiscal years 2015 and 2011, respectively.

Summary Financial Information For Joint Venture Operations

Summary financial information for the equity method investments on an aggregated basis was as follows (in thousands):



	December 30, 2017		December 31, 2016
Current assets	$	363,277	300,999
Current liabilities	140,113		120,611
Working capital	223,164		180,388
Property, plant, and equipment, net	165,442		153,038
Other assets	139,958		124,676
Long-term liabilities	48,429		48,460
Equity of equity method investments	$	480,135	409,642



	Fiscal year ended
	December 30, 2017		December 31, 2016	December 26, 2015
Revenues	$	646,269	629,717	622,982
Gross profit	345,302		329,206	327,684
Net income	33,791		32,529	33,650