Stockholders' Equity

3 Months Ended

Mar. 30, 2019

Equity [Abstract]

Stockholders' Equity

Accumulated other comprehensive income (loss)

The changes in accumulated other comprehensive income (loss) by component, for the three months ended March 30, 2019 are as follows:

	Foreign currency translation adjustments			Pensions, net of tax		Total
Balance as of December 31, 2018	$	(782,102	)	(9,506	)	(791,608	)
Current period other comprehensive income	13,953			108		14,061
Balance as of March 30, 2019	$	(768,149	)	(9,398	)	(777,547	)

Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity for the three months ended March 30, 2019 and March 31, 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	—		115	1		(4,478		)	—		—			—		29			—			(4,448		)
Stock-based compensation expense	—		—	—		5,789			—		—			—		—			—			5,789
Accretion of redeemable noncontrolling interest	—		—	—		—			—		—			—		—			—			—
Noncontrolling earnings	—		—	—		—			—		—			—		—			(10		)	(10		)
Currency translation adjustment on non-controlling interests	—		—	—		—			—		—			—		—			—			—
Currency translation adjustment	—		—	—		—			—		13,953			—		—			9			13,962
Prior pension and post-retirement benefit service cost and actuarial gain / loss	—		—	—		—			—		108			—		—			—			108
Net income	—		—	—		—			121,585		—			—		—			—			121,585
March 30, 2019	$	—	79,771	$	798	$	1,853,484		$	6,709,782	$	(777,547	)	(7,349	)	$	(215,716	)	$	6,244		$	7,577,045

			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	—		112	1		(9,004		)	—			—			—		17			—		(8,986		)
Stock-based compensation expense	—		—	—		7,948			—			—			—		—			—		7,948
Accretion of redeemable noncontrolling interest	305		—	—		—			(305		)	—			—		—			—		(305		)
Noncontrolling earnings	444		—	—		—			—			—			—		—			31		31
Currency translation adjustment on non-controlling interests	711		—	—		—			—			—			—		—			188		188
Currency translation adjustment	—		—	—		—			—			71,494			—		—			—		71,494
Prior pension and post-retirement benefit service cost and actuarial gain / loss	—		—	—		—			—			(135		)	—		—			—		(135		)
Net income	—		—	—		—			208,766			—			—		—			—		208,766
March 31, 2018	$	30,924	81,883	$	819	$	1,827,075		$	6,212,966		$	(487,168	)	(7,350	)	$	(215,749	)	$	8,066	$	7,346,009