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Revision of Prior Period Financial Statements (Tables)
 3 Months Ended
Mar. 28, 2020
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
 
Three Months Ended
 
March 30, 2019
(amounts in thousands, except per share data)
As Reported
 
Correction
 
As Revised
Consolidated Statement of Operations:
 
 
 
 
 
Net revenues
$
1,010,906

 
$
(646
)
 
$
1,010,260

Cost of sales
$
802,458

 
$
(327
)
 
$
802,131

Gross margin
$
208,448

 
$
(319
)
 
$
208,129

Selling, general and administrative
$
163,378

 
$
722

 
$
164,100

Operating income (loss)
$
41,351

 
$
(1,041
)
 
$
40,310

Other (income) expense(1)
$
(3,195
)
 
$
(261
)
 
$
(3,456
)
Income before taxes and equity earnings
$
26,890

 
$
(780
)
 
$
26,110

Income tax expense (benefit)
$
10,337

 
$
12

 
$
10,349

Income from continuing operations, net of tax
$
16,553

 
$
(792
)
 
$
15,761

Net income (loss)
$
16,553

 
$
(792
)
 
$
15,761

Net income (loss) attributable to common shareholders
$
16,569

 
$
(792
)
 
$
15,777


(1)
Non-controlling interest of $16 for the three months ended March 30, 2019 has been reclassified to Other (income) expense to conform to the current year’s presentation.
Consolidated Statement of Cash Flow
The errors did not impact the subtotals for cash flows from operating activities, investing activities, or financing activities.
Reconciliation of pre-tax net income (loss) to Note 13 - Segment Information, Adjusted EBITDA
 
Three months ended
 
March 30, 2019
(amounts in thousands)
As Reported
 
Correction
 
As Revised
Net income (loss)
$
16,553

 
$
(792
)
 
$
15,761

Income tax expense
$
10,337

 
$
12

 
$
10,349

Non-cash foreign exchange transaction/translation (income) loss
$
(3,425
)
 
$
(261
)
 
$
(3,686
)
Other items
$
11,683

 
$
(280
)
 
$
11,403

Adjusted EBITDA
$
90,599

 
$
(1,321
)
 
$
89,278


Segment Information: Adjusted EBITDA
 
Three months ended
 
March 30, 2019
(amounts in thousands)
North
America
 
Europe
 
Australasia
 
Total Operating
Segments
 
Corporate
and
Unallocated
Costs
 
Total
Consolidated
As Reported
$
53,540

 
$
28,169

 
$
16,426

 
$
98,135

 
$
(7,536
)
 
$
90,599

Correction
(744
)
 
(531
)
 
(46
)
 
(1,321
)
 
—

 
(1,321
)
As Revised
$
52,796

 
$
27,638

 
$
16,380

 
$
96,814

 
$
(7,536
)
 
$
89,278