JELD-WEN Holding (JELD) 10-Q 6 Nov 19 2019 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 28, 2019	Nov. 06, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 28, 2019
Document Transition Report	false
Entity File Number	001-38000
Entity Registrant Name	JELD-WEN Holding, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-1273278
Entity Address, Street Name	2645 Silver Crescent Drive
Entity Address, City	Charlotte
Entity Address, State	NC
Entity Address, Postal Zip Code	28273
City Area Code	704
Local Phone Number	378-5700
Title of each class	Common Stock (par value $0.01 per share)
Trading Symbol	JELD
Name of each exchange on which registered	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,590,747
Entity Central Index Key	0001674335
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Income Statement [Abstract]
Net revenues	$ 1,091,953	$ 1,136,478	$ 3,221,200	$ 3,255,108
Cost of sales	868,168	895,003	2,549,067	2,560,945
Gross margin	223,785	241,475	672,133	694,163
Selling, general and administrative	161,424	230,291	502,109	570,498
Impairment and restructuring charges	7,935	3,891	17,388	9,378
Operating income	54,426	7,293	152,636	114,287
Interest expense, net	17,571	18,341	53,719	51,832
Other (income) expense	(2,687)	(7,999)	(1,288)	(27,483)
Income (loss) before taxes and equity earnings	39,542	(3,049)	100,205	89,938
Income tax expense (benefit)	22,500	(31,686)	45,030	(13,141)
Income from continuing operations, net of tax	17,042	28,637	55,175	103,079
Equity earnings of non-consolidated entities	0	0	0	738
Net income	$ 17,042	$ 28,637	$ 55,175	$ 103,817
Weighted average common shares outstanding:
Basic (shares)	100,572,016	104,169,833	100,615,006	105,309,185
Diluted (shares)	101,381,976	105,937,429	101,419,770	107,477,049
Net income per share
Basic (usd per share)	$ 0.17	$ 0.27	$ 0.55	$ 0.99
Diluted (usd per share)	$ 0.17	$ 0.27	$ 0.54	$ 0.97

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 17,042	$ 28,637	$ 55,175	$ 103,817
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax of $0	(36,633)	(10,277)	(38,600)	(47,779)
Interest rate hedge adjustments, net of tax benefit of ($4,604), ($51), ($4,831), and ($402), respectively	5,050	574	6,163	1,966
Defined benefit pension plans, net of tax expense of $851, $822, $2,420, and $2,841, respectively	1,373	1,503	4,255	5,484
Total other comprehensive income (loss), net of tax	(30,210)	(8,200)	(28,182)	(40,329)
Comprehensive income (loss)	$ (13,168)	$ 20,437	$ 26,993	$ 63,488

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0
Interest rate hedge adjustments, tax (benefit)	(4,604)	(51)	(4,831)	(402)
Defined benefit pension plans, tax	$ 851	$ 822	$ 2,420	$ 2,841

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 127,857	$ 116,991
Restricted cash	3,801	632
Accounts receivable, net	568,573	471,843
Inventories	509,444	508,499
Other current assets	47,389	48,674
Total current assets	1,257,064	1,146,639
Property and equipment, net	842,220	843,403
Deferred tax assets	194,461	209,062
Goodwill	589,983	585,942
Intangible assets, net	248,587	225,553
Operating lease assets, net	176,515
Other assets	36,570	36,926
Total assets	3,345,400	3,047,525
Current liabilities
Accounts payable	281,409	249,978
Accrued payroll and benefits	123,581	115,018
Accrued expenses and other current liabilities	325,785	252,310
Current maturities of long-term debt	67,817	54,930
Total current liabilities	798,592	672,236
Long-term debt	1,446,547	1,422,962
Unfunded pension liability	101,687	107,522
Operating lease liability	140,900
Deferred credits and other liabilities	66,698	72,693
Deferred tax liabilities	10,226	10,478
Total liabilities	2,564,650	2,285,891
Commitments and contingencies (Note 23)
Shareholders’ equity
Preferred Stock, par value $0.01 per share, 90,000,000 shares authorized; no shares issued and outstanding	0	0
Common Stock: 900,000,000 shares authorized, par value $0.01 per share, 100,588,973 shares outstanding as of September 28, 2019; 900,000,000 shares authorized, par value $0.01 per share, 101,310,862 shares outstanding as of December 31, 2018	1,006	1,013
Additional paid-in capital	669,944	658,593
Retained earnings	282,787	246,833
Accumulated other comprehensive loss	(172,987)	(144,805)
Total shareholders’ equity	780,750	761,634
Total liabilities and shareholders’ equity	$ 3,345,400	$ 3,047,525

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 28, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	90,000,000	90,000,000
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Common stock, shares authorized (shares)	900,000,000	900,000,000
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (shares)	100,588,973	101,310,862

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)	Total	Preferred stock	Common stock	Common stockCommon Class A	Additional paid-in capital	Employee stock notes	Employee stock notesEmployee stock notes	Retained earnings (accumulated deficit)	Accumulated other comprehensive income (loss)	Foreign currency adjustments	Unrealized (loss) gain on interest rate hedges	Net actuarial pension (loss) gain
Balance at beginning of period at Dec. 31, 2017		$ 0		$ 1,060,000	$ 653,327,000		$ (661,000)	$ 229,903,000		$ (94,493,000)
Balance at beginning of period, shares at Dec. 31, 2017		0		105,990,483
Increase (Decrease) in Stockholders' Equity
Shares issued for exercise/vesting of share-based compensation awards				$ 8,000	189,000
Shares issued for exercise/vesting of share-based compensation awards, shares				761,568
Shares repurchased				$ (31,000)				(83,561,000)
Shares repurchased, shares				(3,080,594)
Shares surrendered for tax obligations for employee share-based transactions				$ (3,000)	(7,940,000)
Shares surrendered for tax obligations for employee share-based transactions, shares				(250,498)
Amortization of share-based compensation					12,017,000
Net issuances, payments and accrued interest on notes							19,000
Net income (loss) attributable to common shareholders	$ 103,817,000							103,817,000
Foreign currency adjustments	(47,779,000)									(47,779,000)
Unrealized gain on interest rate hedges	1,966,000										$ 1,966,000
Net actuarial pension gain	5,484,000											$ 5,484,000
Balance at end of period at Sep. 29, 2018	773,322,000			$ 1,034,000	657,593,000	$ 656,951,000	(642,000)	250,159,000	$ (134,822,000)
Balance at period end, shares at Sep. 29, 2018				103,420,959
Balance at beginning of period at Jun. 30, 2018		$ 0		$ 1,048,000	654,791,000		(635,000)	258,108,000		(126,622,000)
Balance at beginning of period, shares at Jun. 30, 2018		0		104,723,933
Increase (Decrease) in Stockholders' Equity
Shares issued for exercise/vesting of share-based compensation awards				$ 2,000	0
Shares issued for exercise/vesting of share-based compensation awards, shares				185,162
Shares repurchased				$ (15,000)				(36,586,000)
Shares repurchased, shares				(1,436,677)
Shares surrendered for tax obligations for employee share-based transactions				$ (1,000)	(1,257,000)
Shares surrendered for tax obligations for employee share-based transactions, shares				(51,459)
Amortization of share-based compensation					4,059,000
Net issuances, payments and accrued interest on notes							(7,000)
Net income (loss) attributable to common shareholders	28,637,000							28,637,000
Foreign currency adjustments	(10,277,000)
Unrealized gain on interest rate hedges	574,000
Net actuarial pension gain	1,503,000
Balance at end of period at Sep. 29, 2018	773,322,000			$ 1,034,000	657,593,000	656,951,000	(642,000)	250,159,000	(134,822,000)
Balance at period end, shares at Sep. 29, 2018				103,420,959
Increase (Decrease) in Stockholders' Equity
Adoption of new accounting standard ASU No. 2016-02 | ASU 2016-02								761,000
Balance at beginning of period at Dec. 31, 2018	$ 761,634,000	$ 0		$ 1,013,000	659,241,000		(648,000)	246,833,000		(144,805,000)
Balance at beginning of period, shares at Dec. 31, 2018		0		101,310,862
Increase (Decrease) in Stockholders' Equity
Shares issued for exercise/vesting of share-based compensation awards				$ 6,000	1,970,000
Shares issued for exercise/vesting of share-based compensation awards, shares				523,346
Shares repurchased				$ (12,000)				(19,982,000)
Shares repurchased, shares	(1,192,419)		(1,192,419)
Shares surrendered for tax obligations for employee share-based transactions				$ (1,000)	(1,057,000)
Shares surrendered for tax obligations for employee share-based transactions, shares				(52,816)
Amortization of share-based compensation					10,457,000
Net issuances, payments and accrued interest on notes							(19,000)
Net income (loss) attributable to common shareholders	$ 55,175,000							55,175,000
Foreign currency adjustments	(38,600,000)									(38,600,000)
Unrealized gain on interest rate hedges	6,163,000										$ 6,163,000
Net actuarial pension gain	4,255,000											$ 4,255,000
Balance at end of period at Sep. 28, 2019	780,750,000			$ 1,006,000	670,611,000	669,944,000	(667,000)	282,787,000	(172,987,000)
Balance at period end, shares at Sep. 28, 2019				100,588,973
Balance at beginning of period at Jun. 29, 2019		$ 0		$ 1,005,000	666,160,000		(661,000)	265,745,000		$ (142,777,000)
Balance at beginning of period, shares at Jun. 29, 2019		0		100,543,160
Increase (Decrease) in Stockholders' Equity
Shares issued for exercise/vesting of share-based compensation awards				$ 1,000	493,000
Shares issued for exercise/vesting of share-based compensation awards, shares				52,799
Shares repurchased				$ 0				0
Shares repurchased, shares			0
Shares surrendered for tax obligations for employee share-based transactions				$ 0	(139,000)
Shares surrendered for tax obligations for employee share-based transactions, shares				(6,986)
Amortization of share-based compensation					4,097,000
Net issuances, payments and accrued interest on notes							(6,000)
Net income (loss) attributable to common shareholders	17,042,000							17,042,000
Foreign currency adjustments	(36,633,000)
Unrealized gain on interest rate hedges	5,050,000
Net actuarial pension gain	1,373,000
Balance at end of period at Sep. 28, 2019	$ 780,750,000			$ 1,006,000	$ 670,611,000	$ 669,944,000	$ (667,000)	$ 282,787,000	$ (172,987,000)
Balance at period end, shares at Sep. 28, 2019				100,588,973

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
OPERATING ACTIVITIES
Net income	$ 55,175	$ 103,817
Adjustments to reconcile net income to cash used in operating activities:
Depreciation and amortization	99,749	90,279
Deferred income taxes	14,428	(41,484)
(Gain) loss on sale of business units, property and equipment	(1,428)	476
Adjustment to carrying value of assets	5,669	1,018
Equity earnings in non-consolidated entities	0	(738)
Amortization of deferred financing costs	1,446	1,566
Non-cash gain on previously held shares of an equity investment	0	(20,767)
Stock-based compensation	10,585	12,374
Contributions to U.S. pension plan	(6,198)	(2,750)
Amortization of U.S. pension expense	6,675	8,325
Other items, net	3,649	1,489
Net change in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable	(98,525)	(100,030)
Inventories	(6,798)	(29,986)
Other assets	(1,905)	(16,311)
Accounts payable and accrued expenses	72,785	89,940
Change in short term and long-term tax liabilities	9,585	(9,249)
Net cash provided by operating activities	164,892	87,969
INVESTING ACTIVITIES
Purchases of property and equipment	(76,397)	(68,701)
Proceeds from sale of business units, property and equipment	7,542	1,580
Purchase of intangible assets	(28,174)	(11,419)
Purchases of businesses, net of cash acquired	(57,264)	(167,136)
Cash received for notes receivable	353	325
Net cash used in investing activities	(153,940)	(245,351)
FINANCING ACTIVITIES
Change in long-term debt	25,068	151,102
Employee note repayments	0	39
Contingent consideration for acquisitions	0	(3,701)
Common stock issued for exercise of options	1,976	197
Common stock repurchased	(19,994)	(82,843)
Payments to tax authorities for employee share-based compensation	(986)	(8,133)
Net cash provided by financing activities	6,064	56,661
Effect of foreign currency exchange rates on cash	(2,981)	(3,637)
Net increase (decrease) in cash and cash equivalents	14,035	(104,358)
Cash, cash equivalents and restricted cash, beginning	117,623	256,234
Cash, cash equivalents and restricted cash, ending	$ 131,658	$ 151,876

Description of Company and Summ

Description of Company and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 28, 2019
Accounting Policies [Abstract]
Description of Company and Summary of Significant Accounting Policies	Description of Company and Summary of Significant Accounting Policies Nature of Business – JELD-WEN Holding, Inc., along with its subsidiaries, is a vertically integrated global manufacturer and distributor of windows and doors that derives substantially all of its revenues from the sale of its door and window products. Unless otherwise specified or the context otherwise requires, all references in these notes to “JELD-WEN,” “we,” “us,” “our,” or the “Company” are to JELD-WEN Holding, Inc. and its subsidiaries. We have facilities located in the U.S., Canada, Europe, Australia, Asia, Mexico, and South America. Our products are marketed primarily under the JELD-WEN brand name in the U.S. and Canada and under JELD-WEN and a variety of acquired brand names in Europe, Australia and Asia. Our revenues are affected by the level of new housing starts and remodeling activity in each of our markets. Our sales typically follow seasonal new construction and repair and remodeling industry patterns. The peak season for home construction and remodeling in many of our markets generally corresponds with the second and third calendar quarters, and therefore, sales volume is typically higher during those quarters. Our first and fourth quarter sales volumes are generally lower due to reduced repair and remodeling activity and reduced activity in the building and construction industry as a result of colder and more inclement weather in certain of our geographic end markets. Basis of Presentation – The accompanying unaudited consolidated financial statements as of September 28, 2019 and for the three and nine months ended September 28, 2019 and September 29, 2018 , respectively, have been prepared in accordance with GAAP for interim financial information and pursuant to the rules and regulations of the SEC. In the opinion of management, the unaudited consolidated financial statements have been prepared on the same basis as the audited financial statements and include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company’s financial position for the periods presented. The results for the three and nine months ended September 28, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019 , or any other period. The accompanying consolidated balance sheet as of December 31, 2018 was derived from audited financial statements included in the Company’s Form 10-K. The accompanying consolidated financial statements do not include all of the information and footnotes required by GAAP for annual financial statements. Accordingly, they should be read in conjunction with the audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2018 . Certain prior year amounts have been reclassified to conform to current year presentation. The consolidated balance sheets, statements of operations and statements of cash flows have been revised to reflect the correction of certain errors and other accumulated misstatements as described in Note 27 - Revision of Prior Period Financial Statements . We do not believe the errors corrected were material to our previously issued financial statements. All U.S. dollar and other currency amounts, except per share amounts, are presented in thousands unless otherwise noted. Fiscal Year – We operate on a fiscal calendar year, and each interim quarter is comprised of two 4 -week periods and one 5 -week period, with each week ending on a Saturday. Our fiscal year always begins on January 1 and ends on December 31. As a result, our first and fourth quarters may have more or fewer days included than a traditional 91 -day fiscal quarter. Use of Estimates – The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the unaudited consolidated financial statements and related notes. Significant items that are subject to such estimates and assumptions include, but are not limited to, long-lived assets including goodwill and other intangible assets, employee benefit obligations, income tax uncertainties, contingent assets and liabilities, provisions for bad debt, inventory, warranty liabilities, legal claims, valuation of derivatives, environmental remediation and claims relating to self-insurance. Actual results could differ due to the uncertainty inherent in the nature of these estimates. Factoring Arrangements – Our ABS subsidiary, acquired in March 2018, has entered into factoring agreements with a U.S.-based financial institution under which it can elect to sell certain of its accounts receivable under non-recourse agreements. These transactions are treated as a sale and are accounted for as a reduction in accounts receivable because the agreements transfer effective control over and risk of non-collection to the factor. Thus, cash proceeds from these arrangements are reflected as operating activities, including the change of accounts receivable on our statement of cash flows each period. We do not service any factored accounts after the factoring has occurred and do not have any servicing assets or liabilities. We utilize factoring arrangements as part of our financing to manage working capital. The aggregate gross amount factored under these arrangements was $57.4 million and $36.6 million for the nine months ended September 28, 2019 and September 29, 2018 , respectively. The cost of factoring is reflected in the accompanying consolidated statements of operations as interest expense with other financing costs was $0.1 million and $0.4 million for the three and nine months ended September 28, 2019 , respectively, and $0.1 million and $0.2 million in each of the corresponding periods ended September 29, 2018 . Recently Adopted Accounting Standards – In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract, which clarifies the accounting treatment for implementation costs for cloud computing arrangements (hosting arrangements) that are service contracts with the requirement for capitalizing implementation costs incurred to develop or acquire internal-use-software. We early adopted this standard in the first quarter of 2019 on a prospective basis. The adoption did not have a material impact to the unaudited consolidated financial statements or related disclosures. In June 2018, the FASB issued ASU No. 2018-07 - Compensation - Stock Compensation (Topic 718) Improvements to Non-employee Share-Based Payment Accounting, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under ASU No. 2018-07, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. We adopted this standard in the first quarter of 2019, and the adoption did not have an impact on our unaudited consolidated financial statements or related disclosures. In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allows a reclassification from accumulated other comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Act. We have chosen not to make any reclassifications under this standard. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The targeted amendments help simplify certain aspects of hedge accounting and result in a more accurate portrayal of the economics of an entity’s risk management activities in its financial statements. For cash flow and net investment hedges as of the adoption date, the guidance requires a modified retrospective approach. In October 2018, the FASB issued ASU No. 2018-16, ASU 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes, which adds the overnight index swap rate (OIS) based on the secured overnight financing rate as a fifth U.S. benchmark interest rate. We adopted this standard in the first quarter of 2019, and it did not have an impact on our unaudited consolidated financial statements or related disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Section A - Leases: Amendments to the FASB Accounting Standards Codification . The standard requires lessees to recognize the assets and liabilities arising from leases on the balance sheet and retains a distinction between finance leases and operating leases. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous lease guidance. We adopted this standard in the first quarter of 2019 including the practical expedients outlined in ASU No. 2018-01, Leases (Topic 842) Land Easement Practical Expedient for transition to ASC 842 , the additional transition method and election to combine lease and nonlease components for real estate leases outlined in ASU No. 2018-11, Leases (Topic 842) Targeted Improvements, and the accounting policy election outlined in ASU No. 2018-20, Leases (Topic 842) Narrow-scope Improvements for Lessors . The adoption of the standard has had a significant impact on our unaudited consolidated balance sheet due to the recognition of approximately $200 million of lease liabilities with corresponding right-of-use assets for operating leases. Additionally, we recognized a $0.8 million cumulative effect adjustment credit, net of tax, to retained earnings. The adjustment to retained earnings was driven by a build-to-suit capital lease that transitioned to an operating lease under the new standard. The deferred tax impact on adoption was immaterial. Recent Accounting Standards Not Yet Adopted – In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans, which adds, modifies and clarifies several disclosure requirements for employers that sponsor defined benefit pension or other post retirement plans. This guidance is effective for fiscal years ending after December 15, 2020. Early adoption is permitted. We are currently assessing the effect that this ASU will have on our disclosures. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . To simplify the measurement of goodwill impairments, this ASU eliminates Step 2 from the goodwill impairment test, which required the calculation of the implied fair value of goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. The guidance will be effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this guidance is not expected to have a material impact on our unaudited consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The standard requires the measurement and recognition of expected credit losses for financial assets held at amortized cost and adds an impairment model that is based on expected losses rather than incurred losses. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to (Topic 326), Financial Instruments-Credit Losses, (Topic 815), Derivatives and Hedging, and (Topic 825), Financial Instruments , to clarify and address certain items related to the amendments of ASU No. 2016-13. This guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted. We are currently extracting and analyzing historical credit and collections data for our customers to assess the impact of this ASU on our internal processes and our disclosures, which will primarily impact our allowance for doubtful accounts.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 28, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions In March 2019, we acquired VPI Quality Windows, Inc. VPI is a leading manufacturer of vinyl windows, specializing in customized solutions for mid-rise multi-family, industrial, hospitality and commercial projects, primarily in the western U.S. VPI is located in Spokane, Washington. VPI is now part of our North America segment. The preliminary fair values of the assets and liabilities acquired of this acquisition are summarized below: (amounts in thousands) Preliminary Allocation Measurement Period Adjustment Revised Preliminary Allocation Fair value of identifiable assets and liabilities: Accounts receivable $ 11,417 $ (137 ) $ 11,280 Inventories 2,555 (60 ) 2,495 Other current assets 261 12 273 Property and equipment 3,166 176 3,342 Identifiable intangible assets 17,702 5,735 23,437 Operating lease assets, net 3,739 — 3,739 Goodwill 26,553 (5,948 ) 20,605 Other assets 10 — 10 Total assets $ 65,403 $ (222 ) $ 65,181 Accounts payable 2,629 — 2,629 Other current liabilities 1,875 — 1,875 Operating lease liability 3,413 — 3,413 Total liabilities $ 7,917 $ — $ 7,917 Purchase price: Cash consideration, net of cash acquired $ 57,486 $ (222 ) $ 57,264 The revised preliminary goodwill of $20.6 million , calculated as the excess of the purchase price over the fair value of net assets, represents operational efficiencies and sales synergies, and the full amount is expected to be tax-deductible. The intangible assets include customer relationships and tradenames and will be amortized over a preliminary estimated weighted average amortization period of 8 years . Total 2019 net revenues and net loss, excluding retention bonuses disclosed below, relating to VPI since the date of acquisition were $30.2 million and $(1.5) million , respectively. Acquisition-related costs are expensed as incurred and are included in selling, general and administrative expense in our accompanying unaudited consolidated statements of operations. We incurred no acquisition-related costs during the three months ended September 28, 2019 and $0.4 million during the nine months ended September 28, 2019 . Prior to our purchase of VPI, certain employees held employment agreements including retention bonuses with service requirements extending into the post-acquisition period. As agreed with the former owners, the retention bonuses were prepaid at the acquisition date and any repayments of the retention bonuses under the terms of the employment agreements will accrue to the benefit of the former owners. The cash used to pay the retention bonuses was excluded from our determination of preliminary purchase price. In the second quarter of 2019, we expensed the post-acquisition value of these retention bonuses as acquisition-related cost totaling $7.1 million , which are included in selling, general and administrative expense in our accompanying unaudited consolidated statements of operations for the nine months ended September 28, 2019 . During 2018 we completed four acquisitions. The fair values of the assets and liabilities acquired of the completed acquisitions are summarized below: (amounts in thousands) Preliminary Allocation Measurement Period Adjustment Revised Preliminary Allocation Fair value of identifiable assets and liabilities: Accounts receivable $ 58,714 $ (2,079 ) $ 56,635 Inventories 97,305 (8,069 ) 89,236 Other current assets 14,910 (6,137 ) 8,773 Property and equipment 53,128 26,170 79,298 Identifiable intangible assets 70,057 (1,363 ) 68,694 Goodwill 64,950 (4,330 ) 60,620 Other assets 7,283 (3,528 ) 3,755 Total assets $ 366,347 $ 664 $ 367,011 Accounts payable 29,512 (6,097 ) 23,415 Current maturities of long-term debt 17,278 803 18,081 Other current liabilities 27,595 4,496 32,091 Long-term debt 47,369 5,129 52,498 Other liabilities 17,551 (2,353 ) 15,198 Total liabilities $ 139,305 $ 1,978 $ 141,283 Purchase price: — Cash consideration, net of cash acquired $ 169,002 $ (1,314 ) $ 167,688 Contingent consideration 3,898 — 3,898 Gain on previously held shares 20,767 — 20,767 Existing investment in acquired entity 33,483 — 33,483 Non-cash consideration related to acquired intercompany balances (108 ) — (108 ) Total consideration, net of cash acquired $ 227,042 $ (1,314 ) $ 225,728 Goodwill of $60.6 million , calculated as the excess of the purchase price over the fair value of net assets, represents operational efficiencies and sales synergies, and no amount is expected to be tax-deductible. The intangible assets include customer relationships, tradenames, patents and software and will be amortized over a weighted average amortization period of 16 years. Acquisition-related costs of $1.6 million and $5.3 million were expensed as incurred and are included in SG&A expense in our accompanying unaudited consolidated statements of operations for the three and nine months ended September 29, 2018 , respectively. The purchase price allocation was considered complete for the Domoferm, A&L, ABS and D&K acquisitions as of March 30, 2019. We evaluated these acquisitions quantitatively and qualitatively and determined them to be insignificant both individually and in the aggregate. Therefore, certain pro forma disclosures under ASC 805-10-50 have been omitted. The results of the acquisitions are included in our unaudited consolidated financial statements from the date of their acquisition.

Accounts Receivable

Accounts Receivable	9 Months Ended
	Sep. 28, 2019
Receivables [Abstract]
Accounts Receivable	Accounts Receivable We sell our manufactured products to a large number of customers, primarily in the residential housing construction and remodel sectors, broadly dispersed across many domestic and foreign geographic regions. We perform ongoing credit evaluations of our customers to minimize credit risk. We do not usually require collateral for accounts receivable but will require advance payment, guarantees, a security interest in the products sold to a customer, and/or letters of credit in certain situations. Customer accounts receivable converted to notes receivable are primarily collateralized by inventory or other collateral. At September 28, 2019 and December 31, 2018 , we had an allowance for doubtful accounts of $5.9 million and $6.2 million , respectively. The prior period information has been revised. Please refer to Note 27- Revision of Prior Period Financial Statements .

Inventories

Inventories	9 Months Ended
	Sep. 28, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Finished goods and work-in-process inventories include material, labor and manufacturing overhead costs. (amounts in thousands) September 28, December 31, Raw materials $ 374,724 $ 370,124 Work in process 36,785 39,127 Finished goods 97,935 99,248 Total inventories $ 509,444 $ 508,499 The prior period information has been revised. Please refer to Note 27- Revision of Prior Period Financial Statements .

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 28, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net (amounts in thousands) September 28, December 31, Property and equipment $ 2,006,687 $ 1,982,301 Accumulated depreciation (1,164,467 ) (1,138,898 ) Total property and equipment, net $ 842,220 $ 843,403 We monitor all property and equipment for any indicators of potential impairment. We recorded impairment charges of $1.4 million and $2.8 million in the three and nine months ended September 28, 2019 , respectively. We recorded impairment charges of $0.3 million and $0.9 million during the three and nine months ended September 29, 2018 , respectively. Depreciation expense was recorded as follows: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Cost of sales $ 21,382 $ 20,658 $ 62,798 $ 61,655 Selling, general and administrative 2,408 2,408 7,342 6,898 Total depreciation expense $ 23,790 $ 23,066 $ 70,140 $ 68,553

Goodwill

Goodwill	9 Months Ended
	Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The following table summarizes the changes in goodwill by reportable segment: (amounts in thousands) North America Europe Australasia Total Reportable Segments Balance as of January 1 $ 223,562 $ 279,688 $ 82,692 $ 585,942 Acquisitions - preliminary allocation 26,553 — — 26,553 Acquisition remeasurements (4,430 ) — (1,248 ) (5,678 ) Sale of business unit (1,343 ) — — (1,343 ) Currency translation 169 (12,585 ) (3,075 ) (15,491 ) Balance at end of period $ 244,511 $ 267,103 $ 78,369 $ 589,983

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
	Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Intangible Assets, Net The cost and accumulated amortization values of our intangible assets were as follows: September 28, 2019 (amounts in thousands) Cost Accumulated Amortization Net Book Value Customer relationships and agreements $ 152,965 $ (56,618 ) $ 96,347 Software 86,782 (16,022 ) 70,760 Trademarks and trade names 57,278 (6,682 ) 50,596 Patents, licenses and rights 46,742 (15,858 ) 30,884 Total amortizable intangibles $ 343,767 $ (95,180 ) $ 248,587 December 31, 2018 (amounts in thousands) Cost Accumulated Amortization Net Book Value Customer relationships and agreements $ 134,999 $ (45,418 ) $ 89,581 Software 62,147 (14,053 ) 48,094 Trademarks and trade names 57,513 (5,050 ) 52,463 Patents, licenses and rights 47,804 (12,389 ) 35,415 Total amortizable intangibles $ 302,463 $ (76,910 ) $ 225,553 We have capitalized a total of $53.2 million related to the application development stage of our global ERP system implementation, including $24.8 million during the nine months ended September 28, 2019 . During the second quarter of 2019, we began amortizing the cost of our global ERP system over its estimated useful life of 15 years . Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable. Intangible assets that become fully amortized are removed from the accounts in the period that they become fully amortized. Amortization expense was recorded as follows: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Amortization expense $ 8,764 $ 5,120 $ 23,557 $ 14,987

Leases

Leases	9 Months Ended
	Sep. 28, 2019
Leases [Abstract]
Leases	Leases We lease certain warehouses, distribution centers, office space, land, vehicles and equipment. We determine if an arrangement is a lease at inception. A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Amounts associated with operating leases are included in operating lease assets (“ROU assets”), net, accrued expense and other current liabilities and noncurrent operating lease liability in our consolidated balance sheet. Amounts associated with finance leases are included in property and equipment, net, current maturities of long-term debt and long-term debt in our consolidated balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. If the leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. The incremental borrowing rate for operating leases that commenced in the period is determined by using the prior quarter end’s incremental borrowing rates. Leases with an initial term of 12 months or less are not recorded on the balance sheet, and we recognize lease expense for these leases on a straight-line basis over the lease term. For lease agreements entered into or reassessed after the adoption of Topic 842, we combine lease and nonlease components. Certain leases include one or more options to renew, with renewal terms that can extend the lease term from one to 20 years or more, and the exercise of lease renewal options under these leases is at our sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease term. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Lease ROU assets and liabilities at September 28, 2019 were as follows: (amounts in thousands) Balance Sheet Location September 28, Assets: Operating Operating lease assets, net $ 176,515 Finance Property and equipment, net (1) 3,577 Total lease assets $ 180,092 Liabilities: Current: Operating Accrued expense and other current liabilities $ 43,245 Finance Current maturities of long-term debt 1,163 Noncurrent: Operating Operating lease liability 140,900 Finance Long-term debt 2,472 Total lease liability $ 187,780 (1) Finance lease assets are recorded net of accumulated depreciation of $1.2 million as of September 28, 2019 . During the nine months ended September 28, 2019 , we obtained $15.2 million in right-of-use assets in exchange for operating lease liabilities. The components of lease expense for the periods ended September 28, 2019 were as follows: (amounts in thousands) Three Months Ended Nine Months Ended Operating $ 13,454 $ 40,928 Short term 3,198 8,607 Variable 963 2,800 Low value 475 1,317 Finance 24 71 Total lease costs $ 18,114 $ 53,723 September 28, Weighted average remaining lease terms (years): Operating 6.6 Finance 3.8 Weighted average discount rate: Operating 4.7% Finance 4.6% Future minimum lease payment obligations under operating and capital leases are as follows: September 28, 2019 (amounts in thousands) Operating Leases (1) Finance Leases Total 2019 (remaining three months) $ 13,306 $ 330 $ 13,636 2020 49,834 1,249 51,083 2021 37,128 949 38,077 2022 28,984 599 29,583 2023 23,426 521 23,947 Thereafter 65,025 293 65,318 Total lease payments 217,703 3,941 221,644 Less: Interest 33,558 306 33,864 Present value of lease liability $ 184,145 $ 3,635 $ 187,780 (1) Operating lease payments include $2.3 million related to options to extend lease terms that are reasonably certain of being exercised. Disclosures related to period prior to adoption of the Standard Operating lease rent expense was $16.8 million and $47.6 million in the three and nine months ended September 29, 2018 , respectively. Future minimum lease payment obligations under operating and capital leases are as follows: December 31, 2018 (amounts in thousands) Operating Leases Capital Leases (1) Total 2019 $ 49,128 $ 862 $ 49,990 2020 43,794 826 44,620 2021 30,885 561 31,446 2022 24,020 237 24,257 2023 19,352 225 19,577 Thereafter 33,943 23,968 57,911 Total future minimum lease payment obligations $ 201,122 $ 26,679 $ 227,801 (1) As of December 31, 2018, capital leases included maturities of approximately $24.5 million related to a build-to-suit lease that transitioned to operating lease under the new leasing standard.
Leases	Leases We lease certain warehouses, distribution centers, office space, land, vehicles and equipment. We determine if an arrangement is a lease at inception. A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Amounts associated with operating leases are included in operating lease assets (“ROU assets”), net, accrued expense and other current liabilities and noncurrent operating lease liability in our consolidated balance sheet. Amounts associated with finance leases are included in property and equipment, net, current maturities of long-term debt and long-term debt in our consolidated balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. If the leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. The incremental borrowing rate for operating leases that commenced in the period is determined by using the prior quarter end’s incremental borrowing rates. Leases with an initial term of 12 months or less are not recorded on the balance sheet, and we recognize lease expense for these leases on a straight-line basis over the lease term. For lease agreements entered into or reassessed after the adoption of Topic 842, we combine lease and nonlease components. Certain leases include one or more options to renew, with renewal terms that can extend the lease term from one to 20 years or more, and the exercise of lease renewal options under these leases is at our sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease term. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Lease ROU assets and liabilities at September 28, 2019 were as follows: (amounts in thousands) Balance Sheet Location September 28, Assets: Operating Operating lease assets, net $ 176,515 Finance Property and equipment, net (1) 3,577 Total lease assets $ 180,092 Liabilities: Current: Operating Accrued expense and other current liabilities $ 43,245 Finance Current maturities of long-term debt 1,163 Noncurrent: Operating Operating lease liability 140,900 Finance Long-term debt 2,472 Total lease liability $ 187,780 (1) Finance lease assets are recorded net of accumulated depreciation of $1.2 million as of September 28, 2019 . During the nine months ended September 28, 2019 , we obtained $15.2 million in right-of-use assets in exchange for operating lease liabilities. The components of lease expense for the periods ended September 28, 2019 were as follows: (amounts in thousands) Three Months Ended Nine Months Ended Operating $ 13,454 $ 40,928 Short term 3,198 8,607 Variable 963 2,800 Low value 475 1,317 Finance 24 71 Total lease costs $ 18,114 $ 53,723 September 28, Weighted average remaining lease terms (years): Operating 6.6 Finance 3.8 Weighted average discount rate: Operating 4.7% Finance 4.6% Future minimum lease payment obligations under operating and capital leases are as follows: September 28, 2019 (amounts in thousands) Operating Leases (1) Finance Leases Total 2019 (remaining three months) $ 13,306 $ 330 $ 13,636 2020 49,834 1,249 51,083 2021 37,128 949 38,077 2022 28,984 599 29,583 2023 23,426 521 23,947 Thereafter 65,025 293 65,318 Total lease payments 217,703 3,941 221,644 Less: Interest 33,558 306 33,864 Present value of lease liability $ 184,145 $ 3,635 $ 187,780 (1) Operating lease payments include $2.3 million related to options to extend lease terms that are reasonably certain of being exercised. Disclosures related to period prior to adoption of the Standard Operating lease rent expense was $16.8 million and $47.6 million in the three and nine months ended September 29, 2018 , respectively. Future minimum lease payment obligations under operating and capital leases are as follows: December 31, 2018 (amounts in thousands) Operating Leases Capital Leases (1) Total 2019 $ 49,128 $ 862 $ 49,990 2020 43,794 826 44,620 2021 30,885 561 31,446 2022 24,020 237 24,257 2023 19,352 225 19,577 Thereafter 33,943 23,968 57,911 Total future minimum lease payment obligations $ 201,122 $ 26,679 $ 227,801 (1) As of December 31, 2018, capital leases included maturities of approximately $24.5 million related to a build-to-suit lease that transitioned to operating lease under the new leasing standard.

Other Assets

Other Assets	9 Months Ended
	Sep. 28, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets (amounts in thousands) September 28, December 31, Customer displays $ 13,337 $ 15,069 Deposits 6,465 6,627 Long-term notes receivable 4,724 4,902 Cloud computing arrangements 4,290 — Other prepaid expenses 2,571 5,331 Overfunded pension benefit obligation 1,590 1,517 Debt issuance costs on unused portion of revolver facility 1,588 1,552 Long-term taxes receivable 800 800 Other long-term accounts receivable 835 762 Other long-term assets 370 366 Total other assets $ 36,570 $ 36,926 The prior period information has been revised and reclassified to conform with current period presentation. Please refer to Note 27- Revision of Prior Period Financial Statements .

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 28, 2019
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities (amounts in thousands) September 28, December 31, Current portion of legal claims provision $ 78,483 $ 79,356 Accrued sales and advertising rebates 66,064 68,755 Current portion of operating lease liability (Note 8) 43,245 — Accrued expenses 30,070 28,261 Non-income related taxes 33,590 21,643 Current portion of warranty liability (Note 11) 20,035 20,529 Accrued interest payable 16,391 2,016 Current portion of accrued claim costs relating to self-insurance programs 11,421 12,319 Current portion of accrued income taxes payable 10,220 1,739 Current portion of deferred revenue (Note 16) 8,794 9,896 Current portion of restructuring accrual (Note 19) 6,093 6,635 Current portion of derivative liability (Note 21) 1,379 1,161 Total accrued expenses and other current liabilities $ 325,785 $ 252,310 The prior period information has been revised. Please refer to Note 27- Revision of Prior Period Financial Statements . In the table above, the legal claims provision balances relate primarily to the $76.5 million litigation contingency associated with the ongoing antitrust litigation with Steves & Sons, Inc. For further information regarding this litigation, see Note 23 - Commitments and Contingencies . The accrued sales and advertising rebates, accrued interest payable, and non-income related taxes can fluctuate significantly period over period due to timing of payments.

Warranty Liability

Warranty Liability	9 Months Ended
	Sep. 28, 2019
Product Warranties Disclosures [Abstract]
Warranty Liability	Warranty Liability Warranty terms vary from one year to lifetime on certain window and door components. Warranties are normally limited to servicing or replacing defective components for the original customer. Product defects arising within six months of sale are classified as manufacturing defects and are not included in the current period expense below. Some warranties are transferable to subsequent owners and are either limited to 10 years from the date of manufacture or require pro-rata payments from the customer. A provision for estimated warranty costs is recorded at the time of sale based on historical experience and is periodically adjusted to reflect actual experience. An analysis of our warranty liability is as follows: (amounts in thousands) September 28, September 29, Balance as of January 1 $ 46,468 $ 46,256 Current period expense 15,180 19,493 Liabilities assumed due to acquisition 79 1,541 Experience adjustments 1,090 500 Payments (15,937 ) (20,128 ) Currency translation (68 ) (548 ) Balance at period end 46,812 47,114 Current portion (20,035 ) (20,954 ) Long-term portion $ 26,777 $ 26,160 The most significant component of our warranty liability is in the North America segment, which totaled $41.8 million at September 28, 2019 after discounting future estimated cash flows at rates between 0.76% and 4.75% . Without discounting, the liability would have been higher by approximately $3.0 million

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 28, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Our long-term debt, net of original issue discount and unamortized debt issuance costs, consisted of the following: September 28, 2019 September 28, December 31, (amounts in thousands) Interest Rate Senior notes 4.63% - 4.88% $ 800,000 $ 800,000 Term loans 1.30% - 4.33% 592,794 474,058 Finance leases and other financing arrangements 1.90% - 6.38% 101,649 98,914 Mortgage notes 1.65% 27,888 30,375 Revolving credit facilities 4.45% 3,017 85,000 Installment notes for stock 5.00% 205 962 Unamortized debt issuance costs and original issue discount (11,189 ) (11,417 ) 1,514,364 1,477,892 Current maturities of long-term debt (67,817 ) (54,930 ) Long-term debt $ 1,446,547 $ 1,422,962 Summaries of our significant changes to outstanding debt agreements as of September 28, 2019 are as follows: Senior Notes In December 2017, we issued $800.0 million of unsecured Senior Notes in two tranches: $400.0 million bearing interest at 4.63% and maturing in December 2025, and $400.0 million bearing interest at 4.88% and maturing in December 2027. Term Loans U.S. Facility - In September 2019, we amended the Term Loan Facility to provide for an incremental aggregate principal amount of $125.0 million and used the proceeds to repay $115.0 million of outstanding borrowings under the ABL Facility. The proceeds were net of the original issue discount of 0.5% , or $0.6 million , as well as $0.6 million in fees and expenses associated with the debt issuance. There were no other changes to key terms and the facility maintains its original maturity date in December 2024. At September 28, 2019 , the outstanding principal balance, net of original issue discount, was $557.8 million . Australia Facility - In June 2019, we reallocated AUD 5.0 million from the term loan commitment to the interchangeable commitment of the Australia Senior Secured Credit Facility. The amended AUD 50.0 million floating rate term loan facility bears interest at a base rate of BBSY plus a margin ranging from 1.00% to 1.10% and matures in February 2023. In addition, we pay a line fee of 1.25% on the facility, which is secured by guarantees of JWA and had an outstanding principal balance of $33.8 million as of September 28, 2019 . Revolving Credit Facilities ABL Facility - In December 2018, we amended the $300 million ABL Facility, providing for a $100 million increase in the U.S. revolving credit commitments. The amended $400 million facility matures in December 2022. Extensions of credit are limited by a borrowing base calculated based on specified percentages of the value of eligible accounts receivable and inventory, subject to certain reserves and other adjustments. We pay a fee of 0.25% on the unused portion of the commitments. As of September 28, 2019 , we had $3.0 million in borrowings, $36.0 million in letters of credit and $307.1 million available under the ABL Facility. Australia Senior Secured Credit Facility - In June 2019, we amended the Australia Senior Secured Credit Facility to provide for an AUD 35.0 million interchangeable facility to be used for loans of 12 months or less bearing interest at BBSY plus a margin of 1.10% , as well as guarantees and asset financing. The non-term loan portion of the Australia Senior Secured Credit Facility no longer has a set maturity date but is instead subject to an annual review. As of September 28, 2019 , we had AUD 22.0 million ( $14.9 million ) available under this facility. Euro Revolving Facility - In January 2019, we allowed our €39 million Euro Revolving Facility to expire due to operating cash generation in Europe as well as expenses and restrictions associated with the facility. At September 28, 2019 , we had combined borrowing availability of $322.0 million under our revolving credit facilities. Mortgage Notes – In December 2007, we entered into thirty -year mortgage notes secured by land and buildings with principal payments which began in 2018. At September 28, 2019 , we had DKK 190.4 million (or $27.9 million ) outstanding under these notes. Finance leases and other financing arrangements – In addition to finance leases, we include insurance premium financing arrangements and loans secured by equipment in this category. At September 28, 2019 , we had $101.6 million outstanding in this category, with maturities ranging from 2019 to 2026. At December 31, 2018, this category included a $24.5 million build-to-suit capital lease that was reclassified as an operating lease under the recently updated leasing standards and is no longer reflected in long-term debt as of January 1, 2019 (Note 8 - Leases ). Increases in this category during 2019 were primarily due to additional equipment financing. As of September 28, 2019 , we were in compliance with the terms of all of our credit facilities.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 28, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company completed its accounting for the income tax effects of the Tax Act as of December 31, 2018 . Although the measurement period has effectively ended, additional guidance and regulations continue to be released or finalized as of September 28, 2019 . We have considered these ongoing developments and determined that they have no impact on our tax accounts for the three and nine months ended September 28, 2019. Final guidance, once issued, may materially affect our conclusions regarding the net related effects of the Tax Act on our unaudited consolidated financial statements. Until then, management will continue to monitor and work with its tax advisors to interpret any guidance issued. The effective income tax rate for continuing operations was 56.9% and 44.9% for the three and nine months ended September 28, 2019 , respectively, compared to ( 1,039.2 )% and (14.6)% for the three and nine months ended September 29, 2018 , respectively. In accordance with ASC 740-270, we recorded tax expense of $22.5 million and $45.0 million from continuing operations for the three and nine months ended September 28, 2019 , respectively, compared to tax benefit of $31.7 million and $13.1 million for the three and nine months ended September 29, 2018 , respectively, by applying an estimated annual effective tax rate to our year-to-date income for includable entities during the respective periods. Our estimated annual effective tax rate for both years includes the impact of the new tax on GILTI. The application of the estimated annual effective tax rate in interim periods may result in a significant variation in the customary relationship between income tax expense and pretax accounting income due to the seasonality of our global business. Entities that are currently generating losses and for which there is a full valuation allowance are excluded from the worldwide effective tax rate calculation and are calculated separately. The impact of significant discrete items is separately recognized in the quarter in which they occur. The tax expense related to discrete items included in the tax provision for continuing operations for the three months ended September 28, 2019 was $6.2 million , compared to a tax benefit of $59.8 million for the three months ended September 29, 2018 . The discrete tax expense for the three months ended September 28, 2019 was comprised primarily of $4.5 million related to the reclassification of stranded tax effect attributable to termination of hedge accounting for the maturity of interest rate swaps within OCI to income tax expense, $0.6 million related to return-to-provision adjustments for various entities for tax filings in the period, $0.4 million attributable to current period interest expense on uncertain tax positions and $0.4 million related to French tax rate changes. The discrete tax benefit for the three months ended September 29, 2018 was comprised primarily of $40.2 million for adjustments to our SAB 118 provisional estimates related to tax reform and $19.6 million for the accrual recorded in connection with the Steves litigation. The tax expense related to discrete items included in the tax provision for continuing operations for the nine months ended September 28, 2019 was $9.1 million , compared to a benefit of $65.1 million for the nine months ended September 29, 2018 . The discrete amounts for the nine months ended September 28, 2019 were comprised primarily of the tax expense of $4.5 million related to the reclassification of the stranded tax effect within OCI, a tax expense of $1.2 million related to a shortfall recognized from exercises and forfeitures from share-based compensation awards, $1.0 million related to the establishment of valuation allowance for a Chilean subsidiary, $1.1 million related to return-to-provision adjustments for various entities for tax filings in the period, $0.9 million attributable to current period interest expense on uncertain tax positions, and $0.4 million related to French tax rate changes. The discrete amounts for the nine months ended September 29, 2018 were comprised primarily of $40.2 million for adjustments to our SAB 118 provisional estimates related to tax reform, $19.6 million for the accrual recorded in connection with the Steves litigation, $7.1 million attributable to the write-off of the outside basis difference of an investment formerly held as an equity method investment, and $1.8 million attributable to stock compensation exercises and expirations, offset by tax expense of $2.7 million for a net increase to uncertain tax positions arising from certain tax examinations, including interest, and $0.9 million attributable to interest expense on uncertain tax positions. Under ASC 740-10, we provide for uncertain tax positions and the related interest expense by adjusting unrecognized tax benefits and accrued interest accordingly. We recognize potential interest and penalties related to unrecognized tax benefits in income tax expense. We had unrecognized tax benefits of $15.4 million and $16.6 million as of September 28, 2019 and December 31, 2018 , respectively. The prior period information has been revised. Please refer to Note 27- Revision of Prior Period Financial Statements .

Segment Information

Segment Information	9 Months Ended
	Sep. 28, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information We report our segment information in the same way management internally organizes the business in assessing performance and making decisions regarding allocation of resources in accordance with ASC 280-10- Segment Reporting . We determined that we have three reportable segments, organized and managed principally by geographic region. Our reportable segments are North America, Europe and Australasia. We report all other business activities in Corporate and unallocated costs. Factors considered in determining the three reportable segments include the nature of business activities, the management structure accountable directly to the CODM, the discrete financial information available and the information regularly reviewed by the CODM. Management reviews net revenues and Adjusted EBITDA to evaluate segment performance and allocate resources. We define Adjusted EBITDA as net income (loss), adjusted for the following items: loss from discontinued operations, net of tax; equity earnings of non-consolidated entities; income tax (benefit) expense; depreciation and amortization; interest expense, net; impairment and restructuring charges; gain on previously held shares of equity investment; (gain) loss on sale of property and equipment; share-based compensation expense; non-cash foreign exchange transaction/translation (income) loss; other non-cash items; other items; and costs related to debt restructuring and debt refinancing. The following tables set forth certain information relating to our segments’ operations: (amounts in thousands) North America Europe Australasia Total Operating Segments Corporate and Unallocated Costs Total Consolidated Three Months Ended September 28, 2019 Total net revenues $ 658,705 $ 287,703 $ 148,281 $ 1,094,689 $ — $ 1,094,689 Intersegment net revenues (268 ) (13 ) (2,455 ) (2,736 ) — (2,736 ) Net revenues from external customers $ 658,437 $ 287,690 $ 145,826 $ 1,091,953 $ — $ 1,091,953 Impairment and restructuring charges $ 1,133 $ 2,258 $ 4,513 $ 7,904 $ 31 $ 7,935 Adjusted EBITDA $ 66,671 $ 30,184 $ 20,343 $ 117,198 $ (8,250 ) $ 108,948 Three Months Ended September 29, 2018 Total net revenues $ 667,915 $ 292,975 $ 179,659 $ 1,140,549 $ — $ 1,140,549 Intersegment net revenues (206 ) (66 ) (3,799 ) (4,071 ) — (4,071 ) Net revenues from external customers $ 667,709 $ 292,909 $ 175,860 $ 1,136,478 $ — $ 1,136,478 Impairment and restructuring charges $ 2,233 $ 1,053 $ 318 $ 3,604 $ 287 $ 3,891 Adjusted EBITDA $ 84,286 $ 27,713 $ 26,192 $ 138,191 $ (5,562 ) $ 132,629 (amounts in thousands) North America Europe Australasia Total Operating Segments Corporate and Unallocated Costs Total Consolidated Nine Months Ended September 28, 2019 Total net revenues $ 1,893,273 $ 888,174 $ 447,004 $ 3,228,451 $ — $ 3,228,451 Intersegment net revenues (1,358 ) (133 ) (5,760 ) (7,251 ) — (7,251 ) Net revenues from external customers $ 1,891,915 $ 888,041 $ 441,244 $ 3,221,200 $ — $ 3,221,200 Impairment and restructuring charges $ 5,281 $ 4,210 $ 6,932 $ 16,423 $ 965 $ 17,388 Adjusted EBITDA $ 206,985 $ 86,810 $ 57,981 $ 351,776 $ (25,968 ) $ 325,808 Nine Months Ended September 29, 2018 Total net revenues $ 1,839,710 $ 914,222 $ 512,656 $ 3,266,588 $ — $ 3,266,588 Intersegment net revenues (885 ) (930 ) (9,665 ) (11,480 ) — (11,480 ) Net revenues from external customers $ 1,838,825 $ 913,292 $ 502,991 $ 3,255,108 $ — $ 3,255,108 Impairment and restructuring charges $ 4,425 $ 1,758 $ 4,068 $ 10,251 $ (873 ) $ 9,378 Adjusted EBITDA $ 210,958 $ 97,340 $ 66,978 $ 375,276 $ (22,123 ) $ 353,153 Reconciliations of net income to Adjusted EBITDA are as follows: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Net income $ 17,042 $ 28,637 $ 55,175 $ 103,817 Equity earnings of non-consolidated entities — — — (738 ) Income tax expense 22,500 (31,686 ) 45,030 (13,141 ) Depreciation and amortization 34,921 31,248 99,749 90,279 Interest expense, net 17,571 18,341 53,719 51,832 Impairment and restructuring charges 7,935 3,891 17,388 9,378 Gain on previously held shares of equity investment — — — (20,767 ) Loss (gain) on sale of property and equipment 1 (119 ) 1,081 154 Share-based compensation expense 4,108 4,133 10,585 12,374 Non-cash foreign exchange transaction/translation (income) loss (182 ) 2,840 3,615 (359 ) Other items (1) 5,052 75,154 38,732 107,868 Other non-cash items (2) — — 734 12,191 Costs relating to debt restructuring and debt refinancing — 190 — 265 Adjusted EBITDA $ 108,948 $ 132,629 $ 325,808 $ 353,153 (1) Other non-recurring items not core to ongoing business activity include: (i) in the three months ended September 28, 2019 (1) $3,599 in legal and professional fees relating primarily to litigation, (2) $(3,021) of realized gains on hedges of intercompany notes, (3) $2,839 in facility closure and consolidation costs related to our facility footprint rationalization program, and (4) $1,435 in acquisition and integration costs; (ii) in the three months ended September 29, 2018 (1) $76,500 in litigation contingency accruals, (2) $(3,700) of realized gains on hedges of intercompany notes, and (3) $1,790 in acquisition and integration costs; (iii) in the nine months ended September 28, 2019 (1) $16,877 in facility closure and consolidation costs related to our facility footprint rationalization program, (2) $13,432 in acquisition and integration costs including $7,077 related to purchase price structured by the former owners as retention payments for key employees at a recent acquisition, (3) $9,922 in legal cost and professional fees relating primarily to litigation, (4) $(3,053) of realized gains on hedges of intercompany notes, (5) $842 in other miscellaneous costs, and (6) $625 in costs related to the departure of former executives; (iv) in the nine months ended September 29, 2018 (1) $76,500 in litigation contingency accruals, (2) $25,372 in legal and professional fees relating primarily to litigation, (3) $5,954 in acquisition and integration costs, (4) $(3,700) of realized gains on hedges of intercompany notes, (5) $2,776 in costs related to the departure of former executives, and (6) $445 in stock compensation payroll taxes. (2) Other non-cash items include: (i) in the nine months ended September 28, 2019 , $734 for inventory adjustments; (ii) in the nine months ended September 29, 2018 , $12,191 for initial inventory adjustments related to the ABS acquisition. The prior period information has been revised and reclassified to conform with current period presentation. Please refer to Note 27- Revision of Prior Period Financial Statements .

Capital Stock

Capital Stock	9 Months Ended
	Sep. 28, 2019
Equity [Abstract]
Capital Stock	Capital Stock Preferred Stock – Our Board of Directors is authorized to issue Preferred Stock from time to time in one or more series and with such rights, privileges and preferences as the Board may from time to time determine. We have not issued any shares of preferred stock. Common Stock – Includes the basis of shares outstanding plus amounts recorded as additional paid-in capital. Shares outstanding at both September 28, 2019 and December 31, 2018 exclude the 193,941 shares issued to the Employee Benefit Trust that are considered similar to treasury shares. These shares had a total original issuance value of $12.4 million . In April 2018, our Board of Directors authorized the repurchase of up to $250 million of our Common Stock through December 31, 2019. Purchases are made in accordance with all applicable securities laws and regulations and may be funded from available liquidity including available cash or borrowings under existing or future credit facilities. The timing and amount of any repurchases of Common Stock is based on JELD-WEN’s liquidity, general business and market conditions and other factors, including alternative investment opportunities. During the nine months ended September 28, 2019 , we repurchased 1,192,419 shares of our Common Stock at an average purchase price of $16.77 per share. No shares were purchased in the three months ended September 28, 2019 . As of September 28, 2019 , $105.0 million was remaining under the repurchase authorization. On November 4, 2019, the Board of Directors authorized an increase to the remaining authorization under the share repurchase program to a total of $175.0 million with no expiration date.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 28, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition We disaggregate revenues based on geographical location. See Note 14 - Segment Information for further information on disaggregated revenue. Deferred Revenue – We record deferred revenue when we collect pre-payments from customers for performance obligations we expect to fulfill through future performance of a service or delivery of a product. We classify our deferred revenue based on our estimate as to when we expect to satisfy the related performance obligations. Current deferred revenues are included in accrued expenses and other current liabilities in the accompanying unaudited consolidated balance sheets. Significant changes in the deferred revenue balances during the period are as follows: (amounts in thousands) September 28, September 29, Balance as of January 1 $ 9,896 $ 9,970 Increases due to cash received 61,844 61,069 Revenue recognized during the period (62,607 ) (60,078 ) Liabilities assumed due to acquisition — 747 Currency translation (339 ) (738 ) Balance at period end $ 8,794 $ 10,970 The prior period information has been revised. Please refer to Note 27- Revision of Prior Period Financial Statements .

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 28, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is calculated by dividing net earnings by the weighted average shares outstanding during the period, without consideration for common stock equivalents. Diluted net earnings per share is calculated by adjusting weighted average shares outstanding for the dilutive effect of common share equivalents outstanding for the period, determined using the treasury-stock method. Common stock options, unvested Common Restricted Stock Units and unvested Common Performance Share Units are considered to be common stock equivalents included in the calculation of diluted net income per share. The basic and diluted income per share calculations are presented below : Three Months Ended Nine Months Ended (amounts in thousands, except share and per share amounts) September 28, September 29, September 28, September 29, Earnings per share basic: Income from continuing operations $ 17,042 $ 28,637 $ 55,175 $ 103,079 Equity earnings of non-consolidated entities — — — 738 Net Income $ 17,042 $ 28,637 $ 55,175 $ 103,817 Weighted average outstanding shares of common stock basic 100,572,016 104,169,833 100,615,006 105,309,185 Net income per share - basic $ 0.17 $ 0.27 $ 0.55 $ 0.99 Three Months Ended Nine Months Ended (amounts in thousands, except share and per share amounts) September 28, September 29, September 28, September 29, Earnings per share diluted: Net income - basic and diluted $ 17,042 $ 28,637 $ 55,175 $ 103,817 Weighted average outstanding shares of common stock basic 100,572,016 104,169,833 100,615,006 105,309,185 Restricted stock units, performance share units and options to purchase common stock 809,960 1,767,596 804,764 2,167,864 Weighted average outstanding shares of common stock diluted 101,381,976 105,937,429 101,419,770 107,477,049 Net income per share - diluted $ 0.17 $ 0.27 $ 0.54 $ 0.97 The following table provides the securities that could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive: Three Months Ended Nine Months Ended September 28, September 29, September 28, September 29, Common stock options 1,678,874 1,130,020 1,711,275 806,309 Restricted stock units 40,707 187,144 201,254 30,953 Performance share units 11,525 108,667 299,856 — The prior period information has been revised. Please refer to Note 27- Revision of Prior Period Financial Statements .

Stock Compensation

Stock Compensation	9 Months Ended
	Sep. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation	Stock Compensation The activity under our incentive plans for the periods presented are reflected in the following tables: Three Months Ended September 28, 2019 September 29, 2018 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Options granted 18,226 $ 20.88 21,849 $ 28.74 Options canceled 68,940 $ 25.79 124,104 $ 18.10 Options exercised 72,667 $ 12.25 300,084 $ 11.93 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value RSUs granted 260,219 $ 18.08 31,906 $ 27.91 PSUs granted 14,367 $ 22.15 — $ — Nine Months Ended September 28, 2019 September 29, 2018 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Options granted 443,170 $ 20.94 838,912 $ 32.16 Options canceled 238,142 $ 26.36 524,225 $ 18.04 Options exercised 459,724 $ 9.44 1,305,489 $ 14.47 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value RSUs granted 914,207 $ 20.02 642,279 $ 31.38 PSUs granted 401,935 $ 22.21 193,763 $ 31.60 Stock-based compensation expense was $4.2 million and $10.6 million for the three and nine months ended September 28, 2019 , respectively, and $4.2 million and $12.4 million in the corresponding periods ended September 29, 2018 , respectively. As of September 28, 2019 , we had $32.7 million of total unrecognized compensation expense related to non-vested share-based compensation arrangements. This cost is expected to be recognized over the remaining weighted-average vesting period of 2.22 years.

Impairment and Restructuring Ch

Impairment and Restructuring Charges	9 Months Ended
	Sep. 28, 2019
Restructuring and Related Activities [Abstract]
Impairment and Restructuring Charges	Impairment and Restructuring Charges During 2018 and 2019, we engaged in restructuring activity intended to improve productivity, operating margins, and working capital levels. Restructuring costs primarily relate to workforce reductions, repositioning of management structure and costs associated with plant consolidations and closures. Asset impairment charges were recorded in addition to our restructuring costs. In 2019, the asset impairment charges were primarily related to ROU assets held by operations impacted by restructuring. The following table summarizes the restructuring charges for the periods indicated: (amounts in thousands) North America Europe Australasia Corporate and Unallocated Costs Total Consolidated Three Months Ended September 28, 2019 Severance costs $ 6 $ 2,022 $ 1,726 $ 44 $ 3,798 Other exit costs 16 236 814 (13 ) 1,053 Total restructuring costs 22 2,258 2,540 31 4,851 Impairments 1,111 — 1,973 — 3,084 Total impairment and restructuring charges $ 1,133 $ 2,258 $ 4,513 $ 31 $ 7,935 Three Months Ended September 29, 2018 Severance costs $ 1,824 $ 1,176 $ 318 $ 195 $ 3,513 Other exit costs 107 (123 ) — 92 76 Total restructuring costs 1,931 1,053 318 287 3,589 Impairments 302 — — — 302 Total impairment and restructuring charges $ 2,233 $ 1,053 $ 318 $ 287 $ 3,891 (amounts in thousands) North America Europe Australasia Corporate and Unallocated Costs Total Consolidated Nine Months Ended September 28, 2019 Severance costs $ 2,166 $ 3,693 $ 3,262 $ 1,005 $ 10,126 Other exit costs 50 356 1,227 (40 ) 1,593 Total restructuring costs 2,216 4,049 4,489 965 11,719 Impairments 3,065 161 2,443 — 5,669 Total impairment and restructuring charges $ 5,281 $ 4,210 $ 6,932 $ 965 $ 17,388 Nine Months Ended September 29, 2018 Severance costs $ 2,495 $ 1,881 $ 2,035 $ 226 $ 6,637 Other exit costs 1,469 (123 ) 2,033 (1,656 ) 1,723 Total restructuring costs 3,964 1,758 4,068 (1,430 ) 8,360 Impairments 461 — — 557 1,018 Total impairment and restructuring charges $ 4,425 $ 1,758 $ 4,068 $ (873 ) $ 9,378 Short-term restructuring accruals are recorded in accrued expenses and totaled $6.1 million and $6.6 million as of September 28, 2019 and December 31, 2018 , respectively. Long-term restructuring accruals are recorded in deferred credits and other liabilities and totaled $1.2 million and $2.0 million as of September 28, 2019 and December 31, 2018 , respectively. The following is a summary of the restructuring accruals recorded and charges incurred: (amounts in thousands) Beginning Accrual Balance Additions Charged to Expense Payments or Utilization Ending Accrual Balance September 28, 2019 Severance costs $ 5,353 $ 10,126 $ (11,067 ) $ 4,412 Other exit costs 3,287 1,593 (2,009 ) 2,871 Total $ 8,640 $ 11,719 $ (13,076 ) $ 7,283 September 29, 2018 Severance costs $ 7,232 $ 6,638 $ (10,378 ) $ 3,492 Other exit costs 3,807 1,722 (2,766 ) 2,763 Total $ 11,039 $ 8,360 $ (13,144 ) $ 6,255 The prior period information has been reclassified to conform to current period presentation.

Other (Income) Expense

Other (Income) Expense	9 Months Ended
	Sep. 28, 2019
Other Income and Expenses [Abstract]
Other (Income) Expense	Other (Income) Expense The table below summarizes the amounts included in other (income) expense in the accompanying unaudited consolidated statements of operations: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Foreign currency gains $ (5,374 ) $ (2,809 ) $ (5,195 ) $ (6,437 ) Pension benefit expense 2,726 2,103 8,126 8,333 Legal settlement income — (7,258 ) (1,247 ) (7,340 ) Gain on sale of business — — (2,814 ) — Gain on previously held shares of an equity investment — — — (20,767 ) Other items (39 ) (35 ) (158 ) (1,272 ) Total other income $ (2,687 ) $ (7,999 ) $ (1,288 ) $ (27,483 ) The gain on previously held shares of an equity investment relates to an equity method investment that was remeasured on the date we acquired the company in 2018. The prior period information has been revised and reclassified to conform to current period presentation. Please refer to Note 27- Revision of Prior Period Financial Statements .

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 28, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments All derivatives are recorded as assets or liabilities in the consolidated balance sheets at their respective fair values. For derivatives that qualify for hedge accounting, changes in the fair value related to the effective portion of the hedge are recognized in earnings at the same time as either the change in fair value of the underlying hedged item or the effect of the hedged item’s exposure to the variability of cash flows. Changes in fair value related to the ineffective portion of the hedge are recognized immediately in earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting, or fail to meet the criteria thereafter, are also recognized in the consolidated statements of operations. See Note 22 - Fair Value of Financial Instruments for additional information on the fair value of our derivative assets and liabilities. Foreign currency derivatives – We are exposed to the impact of foreign currency fluctuations in certain countries in which we operate. In most of these countries, the exposure to foreign currency movements is limited because the operating revenues and expenses of our business units are substantially denominated in the local currency. To the extent borrowings, sales, purchases or other transactions are not executed in the local currency of the operating unit, we are exposed to foreign currency risk. To mitigate the exposure, we enter into a variety of foreign currency derivative contracts, such as forward contracts, option collars, and cross-currency hedges. We use foreign currency derivative contracts, with a total notional amount of $117.5 million , to manage the effect of exchange fluctuations on forecasted sales, purchases, acquisitions, inventory and capital expenditures and certain intercompany transactions that are denominated in foreign currencies. We use foreign currency derivative contracts, with a total notional amount of $52.3 million , to hedge the effects of translation gains and losses on intercompany loans and interest. We also use foreign currency derivative contracts, with a total notional amount of $138.3 million , to mitigate the impact to the consolidated earnings of the Company from the effect of the translation of certain subsidiaries’ local currency results into U.S. dollars. We do not use derivative financial instruments for trading or speculative purposes. We have not elected hedge accounting for any foreign currency derivative contracts. We record mark-to-market changes in the values of these derivatives in other (income) expense. We recorded mark-to-market gains of $0.1 million and losses of $2.7 million in the three and nine month periods ended September 28, 2019 , respectively, and losses of $3.7 million and gains of $4.0 million in the corresponding periods ended September 29, 2018 , respectively. Interest rate derivatives – We are exposed to interest rate risk in connection with our variable rate long-term debt and partially mitigate this risk through interest rate derivatives such as swaps and caps. In conjunction with the December 2017 refinancing of the Term Loan Facility (see Note 12 - Long-Term Debt ), we terminated all of the interest rate swaps which had outstanding notional amounts aggregating to $914.3 million and recorded a loss on termination of $3.6 million in consolidated other comprehensive income (loss), which is being amortized as interest expense over the pre-termination life of the interest rate swaps. As of September 28, 2019, the loss on termination has been fully amortized. The unamortized, pre-tax balance of this loss recorded in consolidated other comprehensive income (loss) was $1.3 million at December 31, 2018 . We recorded interest expense deriving from the amortization of the loss on termination of interest rate swaps of $0.4 million and $1.3 million in the three and nine month periods ended September 28, 2019 , respectively, and $0.5 million and $1.5 million in the corresponding periods ended September 29, 2018 , respectively. During the first quarter of 2019, we entered into two interest rate cap contracts against three-month U.S.-dollar LIBOR, each with a cap rate of 3.00% . These caps have a combined notional amount of $150.0 million , were effective as of March 2019 , and terminate in December 2021 . We have not elected hedge accounting and have recorded insignificant mark-to-market adjustments in the three and nine month periods ended September 28, 2019 . The fair values of derivative instruments held are as follows: Derivative assets (amounts in thousands) Balance Sheet Location September 28, December 31, Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 5,733 $ 8,234 Interest rate cap contracts Other assets 12 — Derivatives liabilities (amounts in thousands) Balance Sheet Location September 28, December 31, Derivatives not designated as hedging instruments: Foreign currency forward contracts Accrued expenses and other current liabilities $ 1,379 $ 1,161

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 28, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments We record financial assets and liabilities at fair value based on FASB guidance related to fair value measurements. The guidance requires fair value to be determined based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Three levels of inputs may be used to measure fair value: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Quoted market-based inputs or unobservable inputs that are corroborated by market data. Level 3 – Unobservable inputs that are not corroborated by market data. The recorded carrying amounts and fair values of these instruments were as follows: September 28, 2019 (amounts in thousands) Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Assets: Derivative assets, recorded in other current assets $ 5,733 $ 5,733 $ — $ 5,733 $ — Derivative assets, recorded in other assets 12 12 — 12 — Liabilities: Senior notes $ 800,000 $ 802,000 $ — $ 802,000 $ — Term loans 592,794 593,492 — 593,492 — Derivative liabilities, recorded in accrued expenses and deferred credits 1,379 1,379 — 1,379 — December 31, 2018 (amounts in thousands) Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Assets: Cash equivalents $ 30 $ 30 $ — $ 30 $ — Derivative assets, recorded in other current assets 8,234 8,234 — 8,234 — Derivative assets, recorded in other assets — — — — — Liabilities: Senior notes, recorded in long-term debt $ 800,000 $ 692,000 $ — $ 692,000 $ — Term loans, recorded in long-term debt and current maturities of long-term debt 474,058 455,545 — 455,545 — Derivative liabilities, recorded in accrued expenses and deferred credits 1,161 1,161 — 1,161 — Derivative assets and liabilities reported in level 2 include foreign currency and interest rate cap contracts. See Note 21- Derivative Financial Instruments for additional information about our derivative assets and liabilities. The non-financial assets that are measured at fair value on a non-recurring basis are presented below: September 28, 2019 (amounts in thousands) Carrying Value Total Fair Value Level 1 Level 2 Level 3 Total Losses Closed operations $ 988 $ 988 $ — $ — $ 988 $ 1,586 Total $ 988 $ 988 $ — $ — $ 988 $ 1,586 December 31, 2018 (amounts in thousands) Carrying Value Total Fair Value Level 1 Level 2 Level 3 Total Losses Continuing operations $ 48 $ 48 $ — $ — $ 48 $ 175 Total $ 48 $ 48 $ — $ — $ 48 $ 175

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 28, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation – We are involved in various legal proceedings, claims, and government audits arising in the ordinary course of business. We record our best estimate of a loss when the loss is considered probable and the amount of such loss can be reasonably estimated. Legal judgments and estimated settlements have been included in accrued expenses in the accompanying unaudited consolidated balance sheets. When a loss is probable and there is a range of estimated loss with no best estimate within the range, we record the minimum estimated liability related to the lawsuit or claim. As additional information becomes available, we assess the potential liability related to pending litigation and claims and revise our accruals if necessary. Because of uncertainties related to the resolution of lawsuits and claims, the ultimate outcome may differ materially from our estimates. In the opinion of management and based on the liability accruals provided, other than as described below, as of September 28, 2019 , there are no current proceedings or litigation matters involving the Company or its property that we believe would have a material adverse effect on our consolidated financial position or cash flows, although they could have a material adverse effect on our operating results for a particular reporting period. Steves & Sons, Inc. vs JELD-WEN – We sell molded door skins to certain customers pursuant to long-term contracts, and these customers in turn use the molded door skins to manufacture interior doors and compete directly against us in the marketplace. We have given notice of termination of one of these contracts and, on June 29, 2016 , the counterparty to the agreement, Steves and Sons, Inc. (“Steves”) filed a claim against JWI in the U.S. District Court for the Eastern District of Virginia, Richmond Division (“Eastern District of Virginia”), alleging that our acquisition of CMI, a competitor in the molded door skins market, together with subsequent price increases and other alleged acts and omissions, violated antitrust laws and constituted a breach of contract and breach of warranty. Specifically, the complaint alleged that our acquisition of CMI substantially lessened competition in the molded door skins market. The complaint seeks declaratory relief, ordinary and treble damages, and injunctive relief, including divestiture of certain assets acquired in the CMI acquisition. In February 2018, a jury in the Eastern District of Virginia returned a verdict that was unfavorable to JWI with respect to Steves’ claims that our acquisition of CMI violated Section 7 of the Clayton Act and found that JWI breached the supply agreement between the parties. The verdict awarded Steves $12.2 million for past damages under both the Clayton Act and breach of contract claims and $46.5 million in future lost profits under the Clayton Act claim. On March 13, 2019, the presiding judge entered an Amended Final Judgment Order awarding $36.5 million in past damages under the Clayton Act (representing a trebling of the jury’s verdict) and granting divestiture of CMI, subject to appeal. The judgment also conditionally awarded damages in the event the judgment is overturned on appeal. Specifically, the court awarded $139.4 million as future antitrust damages in the event the divestiture order is overturned on appeal and $9.9 million as past contract damages in the event both the divestiture and antitrust claims are overturned on appeal. On April 12, 2019, the plaintiffs filed a petition requesting an award of their fees and a bill of costs seeking $28.4 million in attorneys’ fees and $1.7 million in costs. That petition remains pending and subject to further appeal. On April 12, 2019, JELD-WEN filed a supersedeas bond and notice of appeal of the judgment to the Fourth Circuit Court of Appeals. We continue to believe that Steves’ claims lack merit, Steves’ damages calculations are speculative and excessive, and Steves is not entitled in any event to the extraordinary remedy of divestiture. We believe that multiple pretrial and trial rulings were erroneous and improperly limited the Company’s defenses, and that the judgment in accordance with the verdict was improper for several reasons under applicable law. However, based upon the recent rulings described above, the Company has recorded a charge of $76.5 million associated with this loss contingency. The judgment, if ultimately upheld after exhaustion of our appellate remedies, could have a material adverse effect on our financial position, operating results, or cash flows, particularly for the reporting period in which a loss is recorded. Because the operations acquired from CMI have been fully integrated into the Company’s other operations, divestiture of those operations would be difficult if not impossible and, therefore, it is not possible to estimate the cost of any final divestiture order or the extent to which such an order would have a material adverse effect on our financial position, operating results or cash flows. During the course of the proceedings in the Eastern District of Virginia, we discovered certain facts that led us to conclude that Steves, its principals and certain former employees of the Company had misappropriated Company trade secrets, violated the terms of various agreements between the Company and those parties and violated other laws. On May 11, 2018, a jury in the Eastern District of Virginia returned a verdict on our trade secrets claims against Steves and awarded damages in the amount of $1.2 million . The presiding judge entered a judgment in our favor for those damages and the entire amount has been paid by Steves. On August 16, 2019, the presiding judge granted Steves’ request for an injunction, prohibiting us from pursuing certain claims against individual defendants pending in Bexar County, Texas. These claims have been stayed pending appeal. In Re: Interior Molded Doors Antitrust Litigation – On October 19, 2018, Grubb Lumber Company, on behalf of itself and others similarly situated, filed a putative class action lawsuit against us and one of our competitors in the doors market, Masonite Corporation (“Masonite”), in the Eastern District of Virginia. We subsequently received additional complaints from and on behalf of direct and indirect purchasers of interior molded doors. The suits have been consolidated into two separate actions, a Direct Purchaser Action and an Indirect Purchaser Action. The suits allege that Masonite and we violated Section 1 of the Sherman Act, and in the Indirect Purchaser Action, related state law antitrust and consumer protection laws, by engaging in a scheme to artificially raise, fix, maintain or stabilize the prices of interior molded doors in the United States. The complaints seek unquantified ordinary and treble damages, declaratory relief, interest, costs and attorneys’ fees. The Company believes the claims lack merit and intends to vigorously defend against the actions. On September 18, 2019, the court denied the defendants’ motions to dismiss the lawsuits in their entirety and granted the defendants’ motions to dismiss various state law claims and to limit all claims to a four-year statute of limitations. As a result, the plaintiffs’ damages period is limited to the four-year period between 2014 and 2018. At this early stage of the proceedings, we are unable to conclude that a loss is probable or to estimate the potential magnitude of any loss in the matters, although a loss could have a material adverse effect on our operating results, consolidated financial position or cash flows. Self-Insured Risk – We self-insure substantially all of our domestic business liability risks including general liability, product liability, warranty, personal injury, auto liability, workers’ compensation and employee medical benefits. Excess insurance policies from independent insurance companies generally cover exposures between $3.0 million and $250.0 million for domestic product liability risk and exposures between $0.5 million and $250.0 million for auto, general liability, personal injury and workers’ compensation. We have no stop-gap coverage on claims covered by our self-insured domestic employee medical plan and are responsible for all claims thereunder. We estimate our provision for self-insured losses based upon an evaluation of current claim exposure and historical loss experience. Actual self-insurance losses may vary significantly from these estimates. At September 28, 2019 and December 31, 2018 , our accrued liability for self-insured risks was $73.5 million and $73.8 million , respectively. Indemnifications – At September 28, 2019 , we had commitments related to certain representations made in contracts for the purchase or sale of businesses or property. These representations primarily relate to past actions such as responsibility for transfer taxes if they should be claimed, and the adequacy of recorded liabilities, warranty matters, employment benefit plans, income tax matters or environmental exposures. These guarantees or indemnification responsibilities typically expire within one to three years . We are not aware of any material amounts claimed or expected to be claimed under these indemnities. From time to time and in limited geographic areas, we have entered into agreements for the sale of our products to certain customers that provide additional indemnifications for liabilities arising from construction or product defects. We cannot estimate the potential magnitude of such exposures, but to the extent specific liabilities have been identified related to product sales, liabilities have been provided in the warranty accrual in the accompanying unaudited consolidated balance sheets. Performance Bonds and Letters of Credit – At times, we are required to provide letters of credit, surety bonds or guarantees to customers, vendors and others. Stand-by letters of credit are provided to certain customers and counterparties in the ordinary course of business as credit support for contractual performance guarantees, advanced payments received from customers and future funding commitments. In the second quarter of 2019 we filed a $40.0 million bond related to the Steve’s and Sons legal issue. The outstanding performance bonds and stand-by letters of credit were as follows: (amounts in thousands) September 28, December 31, Self-insurance workers’ compensation $ 24,108 $ 22,312 Legal 40,861 861 Liability and other insurance 16,678 18,988 Environmental 8,682 14,552 Other 5,298 10,009 Total outstanding performance bonds and stand-by letters of credit $ 95,627 $ 66,722 Prior period balances in the table above have been reclassified to conform to current period presentation. Environmental Contingencies – We periodically incur environmental liabilities associated with remediating our current and former manufacturing sites as well as penalties for not complying with environmental rules and regulations. We record a liability for remediation costs when it is probable that we will be responsible for such costs and the costs can be reasonably estimated. These environmental liabilities are estimated based on current available facts and current laws and regulations. Accordingly, it is likely that adjustments to the estimated liabilities will be necessary as additional information becomes available. Short-term environmental liabilities and settlements are recorded in accrued expenses in the accompanying unaudited consolidated balance sheets and totaled $0.8 million and $0.5 million as of September 28, 2019 and December 31, 2018 , respectively. Long-term environmental liabilities are recorded in deferred credits and other liabilities in the accompanying unaudited consolidated balance sheets. No long-term environmental liabilities were recorded at either September 28, 2019 or December 31, 2018 . Everett, Washington WADOE Action – In 2008 , we entered into an Agreed Order with the WADOE to assess historic environmental contamination and remediation feasibility at our former manufacturing site in Everett, Washington. As part of this agreement, we also agreed to develop a CAP, arising from the feasibility assessment. We are currently working with WADOE to finalize our RI/FS (Remedial Investigation and Feasibility Study), and, once final, we will develop the CAP. We estimate the remaining cost to complete our RI/FS and develop the CAP at $0.5 million , which we have fully accrued. However, because we cannot at this time reasonably estimate the cost associated with any remedial actions we would be required to undertake, we have not provided accruals for any remedial action in our accompanying unaudited consolidated financial statements. Towanda, Pennsylvania Consent Order – In 2015, we entered into a COA with the PaDEP to remove a pile of wood fiber waste from our site in Towanda, Pennsylvania, which we acquired in connection with our acquisition of CMI in 2013, by using it as fuel for a boiler at that site. The COA replaced a 1995 Consent Decree between CMI’s predecessor Masonite, Inc. and PaDEP. Under the COA, we are required to achieve certain periodic removal objectives and ultimately remove the entire pile by August 31, 2022 . There are currently $2.3 million in bonds posted in connection with these obligations. If we are unable to remove this pile by August 31, 2022 , then the bonds will be forfeited and we may be subject to penalties by PaDEP. We currently anticipate meeting all applicable removal deadlines; however, if our operations at this site decrease and we burn less fuel than currently anticipated, we may not be able to meet such deadlines.

Employee Retirement and Pension

Employee Retirement and Pension Benefits	9 Months Ended
	Sep. 28, 2019
Retirement Benefits [Abstract]
Employee Retirement and Pension Benefits	Employee Retirement and Pension Benefits U.S. Defined Benefit Pension Plan – Certain U.S. hourly employees participate in our defined benefit pension plan. The plan is not open to new employees. Pension expense, as recorded in the accompanying unaudited consolidated statements of operations, is determined by using spot rate assumptions made on January 1 of each year as summarized below: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Components of pension benefit expense - U.S. benefit plan: Administrative cost $ 1,250 $ 1,223 $ 3,750 $ 2,873 Interest cost 3,725 3,300 11,175 10,000 Expected return on plan assets (4,650 ) (5,200 ) (13,950 ) (14,250 ) Amortization of net actuarial pension loss 2,225 2,325 6,675 8,325 Pension benefit expense $ 2,550 $ 1,648 $ 7,650 $ 6,948 During the three and nine months ended September 28, 2019 , we made required contributions to our U.S. defined benefit pension plan or (“the Plan”) of $3.1 million and $6.1 million , respectively. During the three and nine months ended September 29, 2018 , we made required contributions to the Plan of $1.4 million and $2.7 million , respectively. During the three and nine months ended September 28, 2019 , we made voluntary contributions of $0.1 million . We did not make any voluntary contributions during the three and nine months ended September 29, 2018 . During fiscal year 2019, we expect to make additional cash contributions to the Plan of approximately $1.6 million .

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 28, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Nine Months Ended (amounts in thousands) September 28, September 29, Cash Operating Activities: Operating leases $ 41,812 $ — Finance leases 86 — Cash paid for amounts included in the measurement of lease liabilities $ 41,898 $ — Non-cash Investing Activities: Property, equipment and intangibles purchased in accounts payable $ 7,657 $ 8,331 Property, equipment and intangibles purchased for debt 29,813 13,617 Customer accounts receivable converted to notes receivable 538 110 Cash Financing Activities: Proceeds from issuance of new debt, net of discount $ 124,375 $ 38,823 Borrowings on long-term debt 6,282 142,999 Payments of long-term debt (104,954 ) (30,648 ) Payments of debt issuance and extinguishment costs, including underwriting fees (635 ) (72 ) Change in long-term debt $ 25,068 $ 151,102 Cash paid for amounts included in the measurement of finance lease liabilities $ 597 $ — Non-cash Financing Activities: Prepaid insurance funded through short-term debt borrowings $ 4,948 $ 2,757 Prepaid ERP costs funded through short-term debt borrowings 1,430 — Shares surrendered for tax obligations for employee share-based transactions in accrued liabilities 79 379 Shares repurchased and cash not yet distributed to shareholders — 749 Accounts payable converted to installment notes 757 10,134 Other Supplemental Cash Flow Information: Cash taxes paid, net of refunds $ 21,026 $ 37,489 Cash interest paid 38,832 40,833

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 28, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Sale of subsidiary – In May 2019, we sold Creative Media Development, Inc., a subsidiary which was part of our North America segment, for $6.5 million . A minority shareholder of the buying group also serves on our Board of Directors. The impact of this sale was a gain of $2.8 million in the nine months ended September 28, 2019 included within other expense (income) in the unaudited consolidated statement of operations. At September 28, 2019 , there is no amount due from the related party. This sale did not have a material impact on our results of operations. Acquired lease – As part our acquisition of VPI, we assumed operating leases on two buildings. The leases are with a former shareholder of VPI, are at market rates and resulted in an operating lease asset of $3.6 million as of the opening balance sheet. One of the leases was modified in August 2019, which increased the value to $4.0 million at September 28, 2019 .

Revision of Prior Period Financ

Revision of Prior Period Financial Statements	9 Months Ended
	Sep. 28, 2019
Accounting Changes and Error Corrections [Abstract]
Revision of Prior Period Financial Statements	Revision of Prior Period Financial Statements During the quarter ended June 29, 2019, we identified errors relating to accounting for fulfillment costs associated with our installation contracts at one of our European business units. This resulted in errors in accounts receivable, net, other current assets, and accrued expenses and other current liabilities. The effect of these errors was to overstate accounts receivable, net, other current assets and understate accrued expenses and other current liabilities, cost of sales and SG&A expense for the years ended December 31, 2016, 2017 and 2018, including the related quarterly periods contained therein, and the three-months ended March 30, 2019. Using the guidance in ASC Topic 250, Accounting Changes and Error Corrections, ASC Topic 270 Interim Financial Reporting, ASC Topic 250-S99-1, Assessing Materiality, and ASC Topic 250-S99-2, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, we evaluated whether our previously issued consolidated financial statements were materially misstated due to these errors and other accumulated misstatements. Based upon our evaluation of both quantitative and qualitative factors, we believe that the effects of these errors and other accumulated misstatements were not material individually or in the aggregate to any previously reported quarterly or annual period. In addition, we evaluated the relevant internal control deficiencies that led to this error and determined they are a result of our existing material weaknesses. We have revised the prior period financial statements included in this filing to reflect the correction of these errors and other accumulated misstatements. September 29, 2018 (amounts in thousands) As Reported Correction As Revised Consolidated Balance Sheet: Accounts receivable, net $ 598,398 $ (1,265 ) $ 597,133 Inventories $ 519,582 $ (3,941 ) $ 515,641 Other current assets $ 51,371 $ 1,631 $ 53,002 Total current assets $ 1,321,227 $ (3,575 ) $ 1,317,652 Deferred tax assets $ 219,669 $ 1,160 $ 220,829 Other assets $ 33,653 $ (702 ) $ 32,951 Total assets $ 3,202,736 $ (3,117 ) $ 3,199,619 Accounts payable $ 277,756 $ 121 $ 277,877 Accrued payroll and benefits $ 137,402 $ 614 $ 138,016 Accrued expenses and other current liabilities $ 276,278 $ 372 $ 276,650 Total current liabilities $ 755,961 $ 1,107 $ 757,068 Deferred credits and other liabilities (1) $ 74,032 $ 630 $ 74,662 Deferred tax liabilities $ 13,969 $ (216 ) $ 13,753 Total liabilities $ 2,424,993 $ 1,521 $ 2,426,514 Retained earnings $ 254,752 $ (4,593 ) $ 250,159 Accumulated other comprehensive loss $ (134,777 ) $ (45 ) $ (134,822 ) Total shareholders' equity attributable to common shareholders $ 777,960 $ (4,638 ) $ 773,322 Total shareholders' equity (1) $ 777,743 $ (4,638 ) $ 773,105 Total liabilities and shareholders’ equity $ 3,202,736 $ (3,117 ) $ 3,199,619 (1) Non-controlling interest of $217 at September 29, 2018 has been reclassified to Deferred credits and other liabilities to conform to the current year’s presentation. Nine months ended September 29, 2018 (amounts in thousands, except per share data) As Reported Correction As Revised Consolidated Statement of Operations: Net revenues $ 3,255,625 $ (517 ) $ 3,255,108 Cost of sales $ 2,559,176 $ 1,769 $ 2,560,945 Gross margin $ 696,449 $ (2,286 ) $ 694,163 Selling, general and administrative $ 570,195 $ 303 $ 570,498 Operating income (loss) $ 116,876 $ (2,589 ) $ 114,287 Other (income) expense (1) $ (5,617 ) $ (1,052 ) $ (6,669 ) Income before taxes and equity earnings $ 91,428 $ (1,537 ) $ 89,891 Income tax expense (benefit) $ (12,442 ) $ (699 ) $ (13,141 ) Income from continuing operations, net of tax $ 103,870 $ (838 ) $ 103,032 Net income $ 104,608 $ (838 ) $ 103,770 Net income (loss) attributable to common shareholders (1) $ 104,655 $ (838 ) $ 103,817 Three months ended September 29, 2018 (amounts in thousands, except per share data) As Reported Correction As Revised Consolidated Statement of Operations: Net revenues $ 1,136,949 $ (471 ) $ 1,136,478 Cost of sales $ 895,160 $ (157 ) $ 895,003 Gross margin $ 241,789 $ (314 ) $ 241,475 Selling, general and administrative $ 230,285 $ 6 $ 230,291 Operating income (loss) $ 7,613 $ (320 ) $ 7,293 Other (income) expense (1) $ (8,007 ) $ 2 $ (8,005 ) Income before taxes and equity earnings $ (2,721 ) $ (322 ) $ (3,043 ) Income tax expense (benefit) $ (31,606 ) $ (80 ) $ (31,686 ) Income from continuing operations, net of tax $ 28,885 $ (242 ) $ 28,643 Net income $ 28,885 $ (242 ) $ 28,643 Net income (loss) attributable to common shareholders (1) $ 28,879 $ (242 ) $ 28,637 Weighted Average Common Shares: Basic 104,169,833 — 104,169,833 Diluted 105,937,429 — 105,937,429 Income (loss) per share from continuing operations: Basic $ 0.28 $ (0.01 ) $ 0.27 Diluted $ 0.27 $ — $ 0.27 Net income (loss) per share: Basic $ 0.28 $ (0.01 ) $ 0.27 Diluted $ 0.27 $ — $ 0.27 (1) Non-controlling interest of $(6) and $47 for the three and nine months ended September 29, 2018, respectively, has been reclassified to Other (income) expense to conform to the current year’s presentation. December 31, 2018 (amounts in thousands) As Reported Correction As Revised Consolidated Balance Sheet: Accounts receivable, net $ 471,655 $ 188 $ 471,843 Inventories $ 513,238 $ (4,739 ) $ 508,499 Other current assets $ 48,961 $ (287 ) $ 48,674 Total current assets $ 1,151,477 $ (4,838 ) $ 1,146,639 Deferred tax assets $ 207,065 $ 1,997 $ 209,062 Other assets $ 37,615 $ (689 ) $ 36,926 Total assets $ 3,051,055 $ (3,530 ) $ 3,047,525 Accounts payable $ 250,281 $ (303 ) $ 249,978 Accrued payroll and benefits $ 114,784 $ 234 $ 115,018 Accrued expenses and other current liabilities $ 250,274 $ 2,036 $ 252,310 Total current liabilities $ 670,269 $ 1,967 $ 672,236 Deferred credits and other liabilities (1) $ 72,038 $ 672 $ 72,710 Deferred tax liabilities $ 10,457 $ 21 $ 10,478 Total liabilities $ 2,283,248 $ 2,660 $ 2,285,908 Retained earnings $ 253,041 $ (6,208 ) $ 246,833 Accumulated other comprehensive loss $ (144,823 ) $ 18 $ (144,805 ) Total shareholders' equity attributable to common shareholders $ 767,824 $ (6,190 ) $ 761,634 Total shareholders' equity (1) $ 767,807 $ (6,190 ) $ 761,617 Total liabilities and shareholders’ equity $ 3,051,055 $ (3,530 ) $ 3,047,525 (1) Non-controlling interest of $17 at September 29, 2018 has been reclassified to Deferred credits and other liabilities 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 for any of the periods affected. Reconciliation of pre-tax net income (loss) to Note 14 - Segment Information, Adjusted EBITDA Nine months ended September 29, 2018 (amounts in thousands) As Reported Correction As Revised Net income $ 104,608 $ (838 ) $ 103,770 Income tax (benefit) expense $ (12,442 ) $ (699 ) $ (13,141 ) Non-cash foreign exchange transaction/translation (income) loss $ 905 $ (1,264 ) $ (359 ) Other items $ 107,924 $ 212 $ 108,136 Adjusted EBITDA $ 355,742 $ (2,589 ) $ 353,153 Three months ended September 29, 2018 (amounts in thousands) As Reported Correction As Revised Net income $ 28,885 $ (242 ) $ 28,643 Income tax (benefit) expense $ (31,606 ) $ (80 ) $ (31,686 ) Non-cash foreign exchange transaction/translation (income) loss $ 2,838 $ 2 $ 2,840 Adjusted EBITDA $ 132,949 $ (320 ) $ 132,629 Segment Information: Adjusted EBITDA Nine months ended September 29, 2018 (amounts in thousands) North Europe Australasia Total Operating Corporate Total As Reported $ 210,794 $ 99,873 $ 67,198 $ 377,865 $ (22,123 ) $ 355,742 Correction 164 (2,533 ) (220 ) (2,589 ) — (2,589 ) As Revised $ 210,958 $ 97,340 $ 66,978 $ 375,276 $ (22,123 ) $ 353,153 Three months ended September 29, 2018 (amounts in thousands) North Europe Australasia Total Operating Corporate Total As Reported $ 84,117 $ 28,133 $ 26,261 $ 138,511 $ (5,562 ) $ 132,949 Correction 169 (420 ) (69 ) (320 ) — (320 ) As Revised $ 84,286 $ 27,713 $ 26,192 $ 138,191 $ (5,562 ) $ 132,629

Description of Company and Su_2

Description of Company and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 28, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation – The accompanying unaudited consolidated financial statements as of September 28, 2019 and for the three and nine months ended September 28, 2019 and September 29, 2018 , respectively, have been prepared in accordance with GAAP for interim financial information and pursuant to the rules and regulations of the SEC. In the opinion of management, the unaudited consolidated financial statements have been prepared on the same basis as the audited financial statements and include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company’s financial position for the periods presented. The results for the three and nine months ended September 28, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019 , or any other period. The accompanying consolidated balance sheet as of December 31, 2018 was derived from audited financial statements included in the Company’s Form 10-K. The accompanying consolidated financial statements do not include all of the information and footnotes required by GAAP for annual financial statements. Accordingly, they should be read in conjunction with the audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2018 . Certain prior year amounts have been reclassified to conform to current year presentation. The consolidated balance sheets, statements of operations and statements of cash flows have been revised to reflect the correction of certain errors and other accumulated misstatements as described in Note 27 - Revision of Prior Period Financial Statements . We do not believe the errors corrected were material to our previously issued financial statements.
Fiscal Year	Fiscal Year – We operate on a fiscal calendar year, and each interim quarter is comprised of two 4 -week periods and one 5 -week period, with each week ending on a Saturday. Our fiscal year always begins on January 1 and ends on December 31. As a result, our first and fourth quarters may have more or fewer days included than a traditional 91 -day fiscal quarter.
Use of Estimates	Use of Estimates – The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the unaudited consolidated financial statements and related notes. Significant items that are subject to such estimates and assumptions include, but are not limited to, long-lived assets including goodwill and other intangible assets, employee benefit obligations, income tax uncertainties, contingent assets and liabilities, provisions for bad debt, inventory, warranty liabilities, legal claims, valuation of derivatives, environmental remediation and claims relating to self-insurance. Actual results could differ due to the uncertainty inherent in the nature of these estimates.
Factoring Arrangements	These transactions are treated as a sale and are accounted for as a reduction in accounts receivable because the agreements transfer effective control over and risk of non-collection to the factor. Thus, cash proceeds from these arrangements are reflected as operating activities, including the change of accounts receivable on our statement of cash flows each period. We do not service any factored accounts after the factoring has occurred and do not have any servicing assets or liabilities. We utilize factoring arrangements as part of our financing to manage working capital.
Recently Adopted Accounting Standards and Recent Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards – In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract, which clarifies the accounting treatment for implementation costs for cloud computing arrangements (hosting arrangements) that are service contracts with the requirement for capitalizing implementation costs incurred to develop or acquire internal-use-software. We early adopted this standard in the first quarter of 2019 on a prospective basis. The adoption did not have a material impact to the unaudited consolidated financial statements or related disclosures. In June 2018, the FASB issued ASU No. 2018-07 - Compensation - Stock Compensation (Topic 718) Improvements to Non-employee Share-Based Payment Accounting, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under ASU No. 2018-07, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. We adopted this standard in the first quarter of 2019, and the adoption did not have an impact on our unaudited consolidated financial statements or related disclosures. In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allows a reclassification from accumulated other comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Act. We have chosen not to make any reclassifications under this standard. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The targeted amendments help simplify certain aspects of hedge accounting and result in a more accurate portrayal of the economics of an entity’s risk management activities in its financial statements. For cash flow and net investment hedges as of the adoption date, the guidance requires a modified retrospective approach. In October 2018, the FASB issued ASU No. 2018-16, ASU 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes, which adds the overnight index swap rate (OIS) based on the secured overnight financing rate as a fifth U.S. benchmark interest rate. We adopted this standard in the first quarter of 2019, and it did not have an impact on our unaudited consolidated financial statements or related disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Section A - Leases: Amendments to the FASB Accounting Standards Codification . The standard requires lessees to recognize the assets and liabilities arising from leases on the balance sheet and retains a distinction between finance leases and operating leases. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous lease guidance. We adopted this standard in the first quarter of 2019 including the practical expedients outlined in ASU No. 2018-01, Leases (Topic 842) Land Easement Practical Expedient for transition to ASC 842 , the additional transition method and election to combine lease and nonlease components for real estate leases outlined in ASU No. 2018-11, Leases (Topic 842) Targeted Improvements, and the accounting policy election outlined in ASU No. 2018-20, Leases (Topic 842) Narrow-scope Improvements for Lessors . The adoption of the standard has had a significant impact on our unaudited consolidated balance sheet due to the recognition of approximately $200 million of lease liabilities with corresponding right-of-use assets for operating leases. Additionally, we recognized a $0.8 million cumulative effect adjustment credit, net of tax, to retained earnings. The adjustment to retained earnings was driven by a build-to-suit capital lease that transitioned to an operating lease under the new standard. The deferred tax impact on adoption was immaterial. Recent Accounting Standards Not Yet Adopted – In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans, which adds, modifies and clarifies several disclosure requirements for employers that sponsor defined benefit pension or other post retirement plans. This guidance is effective for fiscal years ending after December 15, 2020. Early adoption is permitted. We are currently assessing the effect that this ASU will have on our disclosures. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . To simplify the measurement of goodwill impairments, this ASU eliminates Step 2 from the goodwill impairment test, which required the calculation of the implied fair value of goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. The guidance will be effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this guidance is not expected to have a material impact on our unaudited consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The standard requires the measurement and recognition of expected credit losses for financial assets held at amortized cost and adds an impairment model that is based on expected losses rather than incurred losses. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to (Topic 326), Financial Instruments-Credit Losses, (Topic 815), Derivatives and Hedging, and (Topic 825), Financial Instruments , to clarify and address certain items related to the amendments of ASU No. 2016-13. This guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted. We are currently extracting and analyzing historical credit and collections data for our customers to assess the impact of this ASU on our internal processes and our disclosures, which will primarily impact our allowance for doubtful accounts.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 28, 2019
Business Combinations [Abstract]
Fair Values of Assets and Liabilities Acquired	The preliminary fair values of the assets and liabilities acquired of this acquisition are summarized below: (amounts in thousands) Preliminary Allocation Measurement Period Adjustment Revised Preliminary Allocation Fair value of identifiable assets and liabilities: Accounts receivable $ 11,417 $ (137 ) $ 11,280 Inventories 2,555 (60 ) 2,495 Other current assets 261 12 273 Property and equipment 3,166 176 3,342 Identifiable intangible assets 17,702 5,735 23,437 Operating lease assets, net 3,739 — 3,739 Goodwill 26,553 (5,948 ) 20,605 Other assets 10 — 10 Total assets $ 65,403 $ (222 ) $ 65,181 Accounts payable 2,629 — 2,629 Other current liabilities 1,875 — 1,875 Operating lease liability 3,413 — 3,413 Total liabilities $ 7,917 $ — $ 7,917 Purchase price: Cash consideration, net of cash acquired $ 57,486 $ (222 ) $ 57,264 (amounts in thousands) Preliminary Allocation Measurement Period Adjustment Revised Preliminary Allocation Fair value of identifiable assets and liabilities: Accounts receivable $ 58,714 $ (2,079 ) $ 56,635 Inventories 97,305 (8,069 ) 89,236 Other current assets 14,910 (6,137 ) 8,773 Property and equipment 53,128 26,170 79,298 Identifiable intangible assets 70,057 (1,363 ) 68,694 Goodwill 64,950 (4,330 ) 60,620 Other assets 7,283 (3,528 ) 3,755 Total assets $ 366,347 $ 664 $ 367,011 Accounts payable 29,512 (6,097 ) 23,415 Current maturities of long-term debt 17,278 803 18,081 Other current liabilities 27,595 4,496 32,091 Long-term debt 47,369 5,129 52,498 Other liabilities 17,551 (2,353 ) 15,198 Total liabilities $ 139,305 $ 1,978 $ 141,283 Purchase price: — Cash consideration, net of cash acquired $ 169,002 $ (1,314 ) $ 167,688 Contingent consideration 3,898 — 3,898 Gain on previously held shares 20,767 — 20,767 Existing investment in acquired entity 33,483 — 33,483 Non-cash consideration related to acquired intercompany balances (108 ) — (108 ) Total consideration, net of cash acquired $ 227,042 $ (1,314 ) $ 225,728

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 28, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory	(amounts in thousands) September 28, December 31, Raw materials $ 374,724 $ 370,124 Work in process 36,785 39,127 Finished goods 97,935 99,248 Total inventories $ 509,444 $ 508,499

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 28, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Depreciation expense was recorded as follows: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Cost of sales $ 21,382 $ 20,658 $ 62,798 $ 61,655 Selling, general and administrative 2,408 2,408 7,342 6,898 Total depreciation expense $ 23,790 $ 23,066 $ 70,140 $ 68,553 (amounts in thousands) September 28, December 31, Property and equipment $ 2,006,687 $ 1,982,301 Accumulated depreciation (1,164,467 ) (1,138,898 ) Total property and equipment, net $ 842,220 $ 843,403

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes the changes in goodwill by reportable segment: (amounts in thousands) North America Europe Australasia Total Reportable Segments Balance as of January 1 $ 223,562 $ 279,688 $ 82,692 $ 585,942 Acquisitions - preliminary allocation 26,553 — — 26,553 Acquisition remeasurements (4,430 ) — (1,248 ) (5,678 ) Sale of business unit (1,343 ) — — (1,343 ) Currency translation 169 (12,585 ) (3,075 ) (15,491 ) Balance at end of period $ 244,511 $ 267,103 $ 78,369 $ 589,983

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The cost and accumulated amortization values of our intangible assets were as follows: September 28, 2019 (amounts in thousands) Cost Accumulated Amortization Net Book Value Customer relationships and agreements $ 152,965 $ (56,618 ) $ 96,347 Software 86,782 (16,022 ) 70,760 Trademarks and trade names 57,278 (6,682 ) 50,596 Patents, licenses and rights 46,742 (15,858 ) 30,884 Total amortizable intangibles $ 343,767 $ (95,180 ) $ 248,587 December 31, 2018 (amounts in thousands) Cost Accumulated Amortization Net Book Value Customer relationships and agreements $ 134,999 $ (45,418 ) $ 89,581 Software 62,147 (14,053 ) 48,094 Trademarks and trade names 57,513 (5,050 ) 52,463 Patents, licenses and rights 47,804 (12,389 ) 35,415 Total amortizable intangibles $ 302,463 $ (76,910 ) $ 225,553
Finite-lived Intangible Assets Amortization Expense	Intangible assets that become fully amortized are removed from the accounts in the period that they become fully amortized. Amortization expense was recorded as follows: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Amortization expense $ 8,764 $ 5,120 $ 23,557 $ 14,987

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 28, 2019
Leases [Abstract]
Lease Balance Sheet Location	Lease ROU assets and liabilities at September 28, 2019 were as follows: (amounts in thousands) Balance Sheet Location September 28, Assets: Operating Operating lease assets, net $ 176,515 Finance Property and equipment, net (1) 3,577 Total lease assets $ 180,092 Liabilities: Current: Operating Accrued expense and other current liabilities $ 43,245 Finance Current maturities of long-term debt 1,163 Noncurrent: Operating Operating lease liability 140,900 Finance Long-term debt 2,472 Total lease liability $ 187,780 (1) Finance lease assets are recorded net of accumulated depreciation of $1.2 million as of September 28, 2019 .
Lease, Cost	The components of lease expense for the periods ended September 28, 2019 were as follows: (amounts in thousands) Three Months Ended Nine Months Ended Operating $ 13,454 $ 40,928 Short term 3,198 8,607 Variable 963 2,800 Low value 475 1,317 Finance 24 71 Total lease costs $ 18,114 $ 53,723 September 28, Weighted average remaining lease terms (years): Operating 6.6 Finance 3.8 Weighted average discount rate: Operating 4.7% Finance 4.6%
Finance Lease, Liability, Maturity	Future minimum lease payment obligations under operating and capital leases are as follows: September 28, 2019 (amounts in thousands) Operating Leases (1) Finance Leases Total 2019 (remaining three months) $ 13,306 $ 330 $ 13,636 2020 49,834 1,249 51,083 2021 37,128 949 38,077 2022 28,984 599 29,583 2023 23,426 521 23,947 Thereafter 65,025 293 65,318 Total lease payments 217,703 3,941 221,644 Less: Interest 33,558 306 33,864 Present value of lease liability $ 184,145 $ 3,635 $ 187,780 (1) Operating lease payments include $2.3 million related to options to extend lease terms that are reasonably certain of being exercised.
Operating Lease, Liability, Maturity	Future minimum lease payment obligations under operating and capital leases are as follows: September 28, 2019 (amounts in thousands) Operating Leases (1) Finance Leases Total 2019 (remaining three months) $ 13,306 $ 330 $ 13,636 2020 49,834 1,249 51,083 2021 37,128 949 38,077 2022 28,984 599 29,583 2023 23,426 521 23,947 Thereafter 65,025 293 65,318 Total lease payments 217,703 3,941 221,644 Less: Interest 33,558 306 33,864 Present value of lease liability $ 184,145 $ 3,635 $ 187,780 (1) Operating lease payments include $2.3 million related to options to extend lease terms that are reasonably certain of being exercised.
Operating Lease Future Minimum Lease Payments Before Adoption	Future minimum lease payment obligations under operating and capital leases are as follows: December 31, 2018 (amounts in thousands) Operating Leases Capital Leases (1) Total 2019 $ 49,128 $ 862 $ 49,990 2020 43,794 826 44,620 2021 30,885 561 31,446 2022 24,020 237 24,257 2023 19,352 225 19,577 Thereafter 33,943 23,968 57,911 Total future minimum lease payment obligations $ 201,122 $ 26,679 $ 227,801 (1) As of December 31, 2018, capital leases included maturities of approximately $24.5 million related to a build-to-suit lease that transitioned to operating lease under the new leasing standard.
Capital Lease Future Minimum Lease Payments Before Adoption	Future minimum lease payment obligations under operating and capital leases are as follows: December 31, 2018 (amounts in thousands) Operating Leases Capital Leases (1) Total 2019 $ 49,128 $ 862 $ 49,990 2020 43,794 826 44,620 2021 30,885 561 31,446 2022 24,020 237 24,257 2023 19,352 225 19,577 Thereafter 33,943 23,968 57,911 Total future minimum lease payment obligations $ 201,122 $ 26,679 $ 227,801 (1) As of December 31, 2018, capital leases included maturities of approximately $24.5 million related to a build-to-suit lease that transitioned to operating lease under the new leasing standard.

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 28, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	(amounts in thousands) September 28, December 31, Customer displays $ 13,337 $ 15,069 Deposits 6,465 6,627 Long-term notes receivable 4,724 4,902 Cloud computing arrangements 4,290 — Other prepaid expenses 2,571 5,331 Overfunded pension benefit obligation 1,590 1,517 Debt issuance costs on unused portion of revolver facility 1,588 1,552 Long-term taxes receivable 800 800 Other long-term accounts receivable 835 762 Other long-term assets 370 366 Total other assets $ 36,570 $ 36,926

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 28, 2019
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	(amounts in thousands) September 28, December 31, Current portion of legal claims provision $ 78,483 $ 79,356 Accrued sales and advertising rebates 66,064 68,755 Current portion of operating lease liability (Note 8) 43,245 — Accrued expenses 30,070 28,261 Non-income related taxes 33,590 21,643 Current portion of warranty liability (Note 11) 20,035 20,529 Accrued interest payable 16,391 2,016 Current portion of accrued claim costs relating to self-insurance programs 11,421 12,319 Current portion of accrued income taxes payable 10,220 1,739 Current portion of deferred revenue (Note 16) 8,794 9,896 Current portion of restructuring accrual (Note 19) 6,093 6,635 Current portion of derivative liability (Note 21) 1,379 1,161 Total accrued expenses and other current liabilities $ 325,785 $ 252,310

Warranty Liability (Tables)

Warranty Liability (Tables)	9 Months Ended
	Sep. 28, 2019
Product Warranties Disclosures [Abstract]
Analysis of Warranty Liability	An analysis of our warranty liability is as follows: (amounts in thousands) September 28, September 29, Balance as of January 1 $ 46,468 $ 46,256 Current period expense 15,180 19,493 Liabilities assumed due to acquisition 79 1,541 Experience adjustments 1,090 500 Payments (15,937 ) (20,128 ) Currency translation (68 ) (548 ) Balance at period end 46,812 47,114 Current portion (20,035 ) (20,954 ) Long-term portion $ 26,777 $ 26,160

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 28, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Our long-term debt, net of original issue discount and unamortized debt issuance costs, consisted of the following: September 28, 2019 September 28, December 31, (amounts in thousands) Interest Rate Senior notes 4.63% - 4.88% $ 800,000 $ 800,000 Term loans 1.30% - 4.33% 592,794 474,058 Finance leases and other financing arrangements 1.90% - 6.38% 101,649 98,914 Mortgage notes 1.65% 27,888 30,375 Revolving credit facilities 4.45% 3,017 85,000 Installment notes for stock 5.00% 205 962 Unamortized debt issuance costs and original issue discount (11,189 ) (11,417 ) 1,514,364 1,477,892 Current maturities of long-term debt (67,817 ) (54,930 ) Long-term debt $ 1,446,547 $ 1,422,962

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 28, 2019
Segment Reporting [Abstract]
Schedule of Segment Reportable Segments, by Segment	The following tables set forth certain information relating to our segments’ operations: (amounts in thousands) North America Europe Australasia Total Operating Segments Corporate and Unallocated Costs Total Consolidated Three Months Ended September 28, 2019 Total net revenues $ 658,705 $ 287,703 $ 148,281 $ 1,094,689 $ — $ 1,094,689 Intersegment net revenues (268 ) (13 ) (2,455 ) (2,736 ) — (2,736 ) Net revenues from external customers $ 658,437 $ 287,690 $ 145,826 $ 1,091,953 $ — $ 1,091,953 Impairment and restructuring charges $ 1,133 $ 2,258 $ 4,513 $ 7,904 $ 31 $ 7,935 Adjusted EBITDA $ 66,671 $ 30,184 $ 20,343 $ 117,198 $ (8,250 ) $ 108,948 Three Months Ended September 29, 2018 Total net revenues $ 667,915 $ 292,975 $ 179,659 $ 1,140,549 $ — $ 1,140,549 Intersegment net revenues (206 ) (66 ) (3,799 ) (4,071 ) — (4,071 ) Net revenues from external customers $ 667,709 $ 292,909 $ 175,860 $ 1,136,478 $ — $ 1,136,478 Impairment and restructuring charges $ 2,233 $ 1,053 $ 318 $ 3,604 $ 287 $ 3,891 Adjusted EBITDA $ 84,286 $ 27,713 $ 26,192 $ 138,191 $ (5,562 ) $ 132,629 (amounts in thousands) North America Europe Australasia Total Operating Segments Corporate and Unallocated Costs Total Consolidated Nine Months Ended September 28, 2019 Total net revenues $ 1,893,273 $ 888,174 $ 447,004 $ 3,228,451 $ — $ 3,228,451 Intersegment net revenues (1,358 ) (133 ) (5,760 ) (7,251 ) — (7,251 ) Net revenues from external customers $ 1,891,915 $ 888,041 $ 441,244 $ 3,221,200 $ — $ 3,221,200 Impairment and restructuring charges $ 5,281 $ 4,210 $ 6,932 $ 16,423 $ 965 $ 17,388 Adjusted EBITDA $ 206,985 $ 86,810 $ 57,981 $ 351,776 $ (25,968 ) $ 325,808 Nine Months Ended September 29, 2018 Total net revenues $ 1,839,710 $ 914,222 $ 512,656 $ 3,266,588 $ — $ 3,266,588 Intersegment net revenues (885 ) (930 ) (9,665 ) (11,480 ) — (11,480 ) Net revenues from external customers $ 1,838,825 $ 913,292 $ 502,991 $ 3,255,108 $ — $ 3,255,108 Impairment and restructuring charges $ 4,425 $ 1,758 $ 4,068 $ 10,251 $ (873 ) $ 9,378 Adjusted EBITDA $ 210,958 $ 97,340 $ 66,978 $ 375,276 $ (22,123 ) $ 353,153
Reconciliation of Net Income to Adjusted EBITDA	Reconciliations of net income to Adjusted EBITDA are as follows: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Net income $ 17,042 $ 28,637 $ 55,175 $ 103,817 Equity earnings of non-consolidated entities — — — (738 ) Income tax expense 22,500 (31,686 ) 45,030 (13,141 ) Depreciation and amortization 34,921 31,248 99,749 90,279 Interest expense, net 17,571 18,341 53,719 51,832 Impairment and restructuring charges 7,935 3,891 17,388 9,378 Gain on previously held shares of equity investment — — — (20,767 ) Loss (gain) on sale of property and equipment 1 (119 ) 1,081 154 Share-based compensation expense 4,108 4,133 10,585 12,374 Non-cash foreign exchange transaction/translation (income) loss (182 ) 2,840 3,615 (359 ) Other items (1) 5,052 75,154 38,732 107,868 Other non-cash items (2) — — 734 12,191 Costs relating to debt restructuring and debt refinancing — 190 — 265 Adjusted EBITDA $ 108,948 $ 132,629 $ 325,808 $ 353,153 (1) Other non-recurring items not core to ongoing business activity include: (i) in the three months ended September 28, 2019 (1) $3,599 in legal and professional fees relating primarily to litigation, (2) $(3,021) of realized gains on hedges of intercompany notes, (3) $2,839 in facility closure and consolidation costs related to our facility footprint rationalization program, and (4) $1,435 in acquisition and integration costs; (ii) in the three months ended September 29, 2018 (1) $76,500 in litigation contingency accruals, (2) $(3,700) of realized gains on hedges of intercompany notes, and (3) $1,790 in acquisition and integration costs; (iii) in the nine months ended September 28, 2019 (1) $16,877 in facility closure and consolidation costs related to our facility footprint rationalization program, (2) $13,432 in acquisition and integration costs including $7,077 related to purchase price structured by the former owners as retention payments for key employees at a recent acquisition, (3) $9,922 in legal cost and professional fees relating primarily to litigation, (4) $(3,053) of realized gains on hedges of intercompany notes, (5) $842 in other miscellaneous costs, and (6) $625 in costs related to the departure of former executives; (iv) in the nine months ended September 29, 2018 (1) $76,500 in litigation contingency accruals, (2) $25,372 in legal and professional fees relating primarily to litigation, (3) $5,954 in acquisition and integration costs, (4) $(3,700) of realized gains on hedges of intercompany notes, (5) $2,776 in costs related to the departure of former executives, and (6) $445 in stock compensation payroll taxes. (2) Other non-cash items include: (i) in the nine months ended September 28, 2019 , $734 for inventory adjustments; (ii) in the nine months ended September 29, 2018 , $12,191 for initial inventory adjustments related to the ABS acquisition.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 28, 2019
Revenue from Contract with Customer [Abstract]
Deferred Revenue	Significant changes in the deferred revenue balances during the period are as follows: (amounts in thousands) September 28, September 29, Balance as of January 1 $ 9,896 $ 9,970 Increases due to cash received 61,844 61,069 Revenue recognized during the period (62,607 ) (60,078 ) Liabilities assumed due to acquisition — 747 Currency translation (339 ) (738 ) Balance at period end $ 8,794 $ 10,970 The prior period information has been revised. Please refer to Note 27- Revision of Prior Period Financial Statements .

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 28, 2019
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The basic and diluted income per share calculations are presented below : Three Months Ended Nine Months Ended (amounts in thousands, except share and per share amounts) September 28, September 29, September 28, September 29, Earnings per share basic: Income from continuing operations $ 17,042 $ 28,637 $ 55,175 $ 103,079 Equity earnings of non-consolidated entities — — — 738 Net Income $ 17,042 $ 28,637 $ 55,175 $ 103,817 Weighted average outstanding shares of common stock basic 100,572,016 104,169,833 100,615,006 105,309,185 Net income per share - basic $ 0.17 $ 0.27 $ 0.55 $ 0.99 Three Months Ended Nine Months Ended (amounts in thousands, except share and per share amounts) September 28, September 29, September 28, September 29, Earnings per share diluted: Net income - basic and diluted $ 17,042 $ 28,637 $ 55,175 $ 103,817 Weighted average outstanding shares of common stock basic 100,572,016 104,169,833 100,615,006 105,309,185 Restricted stock units, performance share units and options to purchase common stock 809,960 1,767,596 804,764 2,167,864 Weighted average outstanding shares of common stock diluted 101,381,976 105,937,429 101,419,770 107,477,049 Net income per share - diluted $ 0.17 $ 0.27 $ 0.54 $ 0.97
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table provides the securities that could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive: Three Months Ended Nine Months Ended September 28, September 29, September 28, September 29, Common stock options 1,678,874 1,130,020 1,711,275 806,309 Restricted stock units 40,707 187,144 201,254 30,953 Performance share units 11,525 108,667 299,856 —

Stock Compensation (Tables)

Stock Compensation (Tables)	9 Months Ended
	Sep. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity Rollforward	The activity under our incentive plans for the periods presented are reflected in the following tables: Three Months Ended September 28, 2019 September 29, 2018 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Options granted 18,226 $ 20.88 21,849 $ 28.74 Options canceled 68,940 $ 25.79 124,104 $ 18.10 Options exercised 72,667 $ 12.25 300,084 $ 11.93 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value RSUs granted 260,219 $ 18.08 31,906 $ 27.91 PSUs granted 14,367 $ 22.15 — $ — Nine Months Ended September 28, 2019 September 29, 2018 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Options granted 443,170 $ 20.94 838,912 $ 32.16 Options canceled 238,142 $ 26.36 524,225 $ 18.04 Options exercised 459,724 $ 9.44 1,305,489 $ 14.47 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value RSUs granted 914,207 $ 20.02 642,279 $ 31.38 PSUs granted 401,935 $ 22.21 193,763 $ 31.60
RSU and PSU Activity Rollforward	The activity under our incentive plans for the periods presented are reflected in the following tables: Three Months Ended September 28, 2019 September 29, 2018 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Options granted 18,226 $ 20.88 21,849 $ 28.74 Options canceled 68,940 $ 25.79 124,104 $ 18.10 Options exercised 72,667 $ 12.25 300,084 $ 11.93 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value RSUs granted 260,219 $ 18.08 31,906 $ 27.91 PSUs granted 14,367 $ 22.15 — $ — Nine Months Ended September 28, 2019 September 29, 2018 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Options granted 443,170 $ 20.94 838,912 $ 32.16 Options canceled 238,142 $ 26.36 524,225 $ 18.04 Options exercised 459,724 $ 9.44 1,305,489 $ 14.47 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value RSUs granted 914,207 $ 20.02 642,279 $ 31.38 PSUs granted 401,935 $ 22.21 193,763 $ 31.60

Impairment and Restructuring _2

Impairment and Restructuring Charges (Tables)	9 Months Ended
	Sep. 28, 2019
Restructuring and Related Activities [Abstract]
Impairment and Restructuring Costs	The following table summarizes the restructuring charges for the periods indicated: (amounts in thousands) North America Europe Australasia Corporate and Unallocated Costs Total Consolidated Three Months Ended September 28, 2019 Severance costs $ 6 $ 2,022 $ 1,726 $ 44 $ 3,798 Other exit costs 16 236 814 (13 ) 1,053 Total restructuring costs 22 2,258 2,540 31 4,851 Impairments 1,111 — 1,973 — 3,084 Total impairment and restructuring charges $ 1,133 $ 2,258 $ 4,513 $ 31 $ 7,935 Three Months Ended September 29, 2018 Severance costs $ 1,824 $ 1,176 $ 318 $ 195 $ 3,513 Other exit costs 107 (123 ) — 92 76 Total restructuring costs 1,931 1,053 318 287 3,589 Impairments 302 — — — 302 Total impairment and restructuring charges $ 2,233 $ 1,053 $ 318 $ 287 $ 3,891 (amounts in thousands) North America Europe Australasia Corporate and Unallocated Costs Total Consolidated Nine Months Ended September 28, 2019 Severance costs $ 2,166 $ 3,693 $ 3,262 $ 1,005 $ 10,126 Other exit costs 50 356 1,227 (40 ) 1,593 Total restructuring costs 2,216 4,049 4,489 965 11,719 Impairments 3,065 161 2,443 — 5,669 Total impairment and restructuring charges $ 5,281 $ 4,210 $ 6,932 $ 965 $ 17,388 Nine Months Ended September 29, 2018 Severance costs $ 2,495 $ 1,881 $ 2,035 $ 226 $ 6,637 Other exit costs 1,469 (123 ) 2,033 (1,656 ) 1,723 Total restructuring costs 3,964 1,758 4,068 (1,430 ) 8,360 Impairments 461 — — 557 1,018 Total impairment and restructuring charges $ 4,425 $ 1,758 $ 4,068 $ (873 ) $ 9,378
Schedule of Restructuring Reserve by Type of Cost	The following is a summary of the restructuring accruals recorded and charges incurred: (amounts in thousands) Beginning Accrual Balance Additions Charged to Expense Payments or Utilization Ending Accrual Balance September 28, 2019 Severance costs $ 5,353 $ 10,126 $ (11,067 ) $ 4,412 Other exit costs 3,287 1,593 (2,009 ) 2,871 Total $ 8,640 $ 11,719 $ (13,076 ) $ 7,283 September 29, 2018 Severance costs $ 7,232 $ 6,638 $ (10,378 ) $ 3,492 Other exit costs 3,807 1,722 (2,766 ) 2,763 Total $ 11,039 $ 8,360 $ (13,144 ) $ 6,255

Other (Income) Expense (Tables)

Other (Income) Expense (Tables)	9 Months Ended
	Sep. 28, 2019
Other Income and Expenses [Abstract]
Schedule of Other Income	The table below summarizes the amounts included in other (income) expense in the accompanying unaudited consolidated statements of operations: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Foreign currency gains $ (5,374 ) $ (2,809 ) $ (5,195 ) $ (6,437 ) Pension benefit expense 2,726 2,103 8,126 8,333 Legal settlement income — (7,258 ) (1,247 ) (7,340 ) Gain on sale of business — — (2,814 ) — Gain on previously held shares of an equity investment — — — (20,767 ) Other items (39 ) (35 ) (158 ) (1,272 ) Total other income $ (2,687 ) $ (7,999 ) $ (1,288 ) $ (27,483 )

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 28, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair values of derivative instruments held are as follows: Derivative assets (amounts in thousands) Balance Sheet Location September 28, December 31, Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 5,733 $ 8,234 Interest rate cap contracts Other assets 12 — Derivatives liabilities (amounts in thousands) Balance Sheet Location September 28, December 31, Derivatives not designated as hedging instruments: Foreign currency forward contracts Accrued expenses and other current liabilities $ 1,379 $ 1,161

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 28, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The recorded carrying amounts and fair values of these instruments were as follows: September 28, 2019 (amounts in thousands) Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Assets: Derivative assets, recorded in other current assets $ 5,733 $ 5,733 $ — $ 5,733 $ — Derivative assets, recorded in other assets 12 12 — 12 — Liabilities: Senior notes $ 800,000 $ 802,000 $ — $ 802,000 $ — Term loans 592,794 593,492 — 593,492 — Derivative liabilities, recorded in accrued expenses and deferred credits 1,379 1,379 — 1,379 — December 31, 2018 (amounts in thousands) Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Assets: Cash equivalents $ 30 $ 30 $ — $ 30 $ — Derivative assets, recorded in other current assets 8,234 8,234 — 8,234 — Derivative assets, recorded in other assets — — — — — Liabilities: Senior notes, recorded in long-term debt $ 800,000 $ 692,000 $ — $ 692,000 $ — Term loans, recorded in long-term debt and current maturities of long-term debt 474,058 455,545 — 455,545 — Derivative liabilities, recorded in accrued expenses and deferred credits 1,161 1,161 — 1,161 —
Fair Value Measurements, Nonrecurring	The non-financial assets that are measured at fair value on a non-recurring basis are presented below: September 28, 2019 (amounts in thousands) Carrying Value Total Fair Value Level 1 Level 2 Level 3 Total Losses Closed operations $ 988 $ 988 $ — $ — $ 988 $ 1,586 Total $ 988 $ 988 $ — $ — $ 988 $ 1,586 December 31, 2018 (amounts in thousands) Carrying Value Total Fair Value Level 1 Level 2 Level 3 Total Losses Continuing operations $ 48 $ 48 $ — $ — $ 48 $ 175 Total $ 48 $ 48 $ — $ — $ 48 $ 175

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	9 Months Ended
	Sep. 28, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Performance Bonds and Stand-by Letter of Credit	The outstanding performance bonds and stand-by letters of credit were as follows: (amounts in thousands) September 28, December 31, Self-insurance workers’ compensation $ 24,108 $ 22,312 Legal 40,861 861 Liability and other insurance 16,678 18,988 Environmental 8,682 14,552 Other 5,298 10,009 Total outstanding performance bonds and stand-by letters of credit $ 95,627 $ 66,722

Employee Retirement and Pensi_2

Employee Retirement and Pension Benefits (Tables)	9 Months Ended
	Sep. 28, 2019
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	Pension expense, as recorded in the accompanying unaudited consolidated statements of operations, is determined by using spot rate assumptions made on January 1 of each year as summarized below: Three Months Ended Nine Months Ended (amounts in thousands) September 28, September 29, September 28, September 29, Components of pension benefit expense - U.S. benefit plan: Administrative cost $ 1,250 $ 1,223 $ 3,750 $ 2,873 Interest cost 3,725 3,300 11,175 10,000 Expected return on plan assets (4,650 ) (5,200 ) (13,950 ) (14,250 ) Amortization of net actuarial pension loss 2,225 2,325 6,675 8,325 Pension benefit expense $ 2,550 $ 1,648 $ 7,650 $ 6,948

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 28, 2019
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Nine Months Ended (amounts in thousands) September 28, September 29, Cash Operating Activities: Operating leases $ 41,812 $ — Finance leases 86 — Cash paid for amounts included in the measurement of lease liabilities $ 41,898 $ — Non-cash Investing Activities: Property, equipment and intangibles purchased in accounts payable $ 7,657 $ 8,331 Property, equipment and intangibles purchased for debt 29,813 13,617 Customer accounts receivable converted to notes receivable 538 110 Cash Financing Activities: Proceeds from issuance of new debt, net of discount $ 124,375 $ 38,823 Borrowings on long-term debt 6,282 142,999 Payments of long-term debt (104,954 ) (30,648 ) Payments of debt issuance and extinguishment costs, including underwriting fees (635 ) (72 ) Change in long-term debt $ 25,068 $ 151,102 Cash paid for amounts included in the measurement of finance lease liabilities $ 597 $ — Non-cash Financing Activities: Prepaid insurance funded through short-term debt borrowings $ 4,948 $ 2,757 Prepaid ERP costs funded through short-term debt borrowings 1,430 — Shares surrendered for tax obligations for employee share-based transactions in accrued liabilities 79 379 Shares repurchased and cash not yet distributed to shareholders — 749 Accounts payable converted to installment notes 757 10,134 Other Supplemental Cash Flow Information: Cash taxes paid, net of refunds $ 21,026 $ 37,489 Cash interest paid 38,832 40,833

Revision of Prior Period Fina_2

Revision of Prior Period Financial Statements (Tables)	9 Months Ended
	Sep. 28, 2019
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	September 29, 2018 (amounts in thousands) As Reported Correction As Revised Consolidated Balance Sheet: Accounts receivable, net $ 598,398 $ (1,265 ) $ 597,133 Inventories $ 519,582 $ (3,941 ) $ 515,641 Other current assets $ 51,371 $ 1,631 $ 53,002 Total current assets $ 1,321,227 $ (3,575 ) $ 1,317,652 Deferred tax assets $ 219,669 $ 1,160 $ 220,829 Other assets $ 33,653 $ (702 ) $ 32,951 Total assets $ 3,202,736 $ (3,117 ) $ 3,199,619 Accounts payable $ 277,756 $ 121 $ 277,877 Accrued payroll and benefits $ 137,402 $ 614 $ 138,016 Accrued expenses and other current liabilities $ 276,278 $ 372 $ 276,650 Total current liabilities $ 755,961 $ 1,107 $ 757,068 Deferred credits and other liabilities (1) $ 74,032 $ 630 $ 74,662 Deferred tax liabilities $ 13,969 $ (216 ) $ 13,753 Total liabilities $ 2,424,993 $ 1,521 $ 2,426,514 Retained earnings $ 254,752 $ (4,593 ) $ 250,159 Accumulated other comprehensive loss $ (134,777 ) $ (45 ) $ (134,822 ) Total shareholders' equity attributable to common shareholders $ 777,960 $ (4,638 ) $ 773,322 Total shareholders' equity (1) $ 777,743 $ (4,638 ) $ 773,105 Total liabilities and shareholders’ equity $ 3,202,736 $ (3,117 ) $ 3,199,619 (1) Non-controlling interest of $217 at September 29, 2018 has been reclassified to Deferred credits and other liabilities to conform to the current year’s presentation. Nine months ended September 29, 2018 (amounts in thousands, except per share data) As Reported Correction As Revised Consolidated Statement of Operations: Net revenues $ 3,255,625 $ (517 ) $ 3,255,108 Cost of sales $ 2,559,176 $ 1,769 $ 2,560,945 Gross margin $ 696,449 $ (2,286 ) $ 694,163 Selling, general and administrative $ 570,195 $ 303 $ 570,498 Operating income (loss) $ 116,876 $ (2,589 ) $ 114,287 Other (income) expense (1) $ (5,617 ) $ (1,052 ) $ (6,669 ) Income before taxes and equity earnings $ 91,428 $ (1,537 ) $ 89,891 Income tax expense (benefit) $ (12,442 ) $ (699 ) $ (13,141 ) Income from continuing operations, net of tax $ 103,870 $ (838 ) $ 103,032 Net income $ 104,608 $ (838 ) $ 103,770 Net income (loss) attributable to common shareholders (1) $ 104,655 $ (838 ) $ 103,817 Three months ended September 29, 2018 (amounts in thousands, except per share data) As Reported Correction As Revised Consolidated Statement of Operations: Net revenues $ 1,136,949 $ (471 ) $ 1,136,478 Cost of sales $ 895,160 $ (157 ) $ 895,003 Gross margin $ 241,789 $ (314 ) $ 241,475 Selling, general and administrative $ 230,285 $ 6 $ 230,291 Operating income (loss) $ 7,613 $ (320 ) $ 7,293 Other (income) expense (1) $ (8,007 ) $ 2 $ (8,005 ) Income before taxes and equity earnings $ (2,721 ) $ (322 ) $ (3,043 ) Income tax expense (benefit) $ (31,606 ) $ (80 ) $ (31,686 ) Income from continuing operations, net of tax $ 28,885 $ (242 ) $ 28,643 Net income $ 28,885 $ (242 ) $ 28,643 Net income (loss) attributable to common shareholders (1) $ 28,879 $ (242 ) $ 28,637 Weighted Average Common Shares: Basic 104,169,833 — 104,169,833 Diluted 105,937,429 — 105,937,429 Income (loss) per share from continuing operations: Basic $ 0.28 $ (0.01 ) $ 0.27 Diluted $ 0.27 $ — $ 0.27 Net income (loss) per share: Basic $ 0.28 $ (0.01 ) $ 0.27 Diluted $ 0.27 $ — $ 0.27 (1) Non-controlling interest of $(6) and $47 for the three and nine months ended September 29, 2018, respectively, has been reclassified to Other (income) expense to conform to the current year’s presentation. December 31, 2018 (amounts in thousands) As Reported Correction As Revised Consolidated Balance Sheet: Accounts receivable, net $ 471,655 $ 188 $ 471,843 Inventories $ 513,238 $ (4,739 ) $ 508,499 Other current assets $ 48,961 $ (287 ) $ 48,674 Total current assets $ 1,151,477 $ (4,838 ) $ 1,146,639 Deferred tax assets $ 207,065 $ 1,997 $ 209,062 Other assets $ 37,615 $ (689 ) $ 36,926 Total assets $ 3,051,055 $ (3,530 ) $ 3,047,525 Accounts payable $ 250,281 $ (303 ) $ 249,978 Accrued payroll and benefits $ 114,784 $ 234 $ 115,018 Accrued expenses and other current liabilities $ 250,274 $ 2,036 $ 252,310 Total current liabilities $ 670,269 $ 1,967 $ 672,236 Deferred credits and other liabilities (1) $ 72,038 $ 672 $ 72,710 Deferred tax liabilities $ 10,457 $ 21 $ 10,478 Total liabilities $ 2,283,248 $ 2,660 $ 2,285,908 Retained earnings $ 253,041 $ (6,208 ) $ 246,833 Accumulated other comprehensive loss $ (144,823 ) $ 18 $ (144,805 ) Total shareholders' equity attributable to common shareholders $ 767,824 $ (6,190 ) $ 761,634 Total shareholders' equity (1) $ 767,807 $ (6,190 ) $ 761,617 Total liabilities and shareholders’ equity $ 3,051,055 $ (3,530 ) $ 3,047,525 (1) Non-controlling interest of $17 at September 29, 2018 has been reclassified to Deferred credits and other liabilities 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 for any of the periods affected. Reconciliation of pre-tax net income (loss) to Note 14 - Segment Information, Adjusted EBITDA Nine months ended September 29, 2018 (amounts in thousands) As Reported Correction As Revised Net income $ 104,608 $ (838 ) $ 103,770 Income tax (benefit) expense $ (12,442 ) $ (699 ) $ (13,141 ) Non-cash foreign exchange transaction/translation (income) loss $ 905 $ (1,264 ) $ (359 ) Other items $ 107,924 $ 212 $ 108,136 Adjusted EBITDA $ 355,742 $ (2,589 ) $ 353,153 Three months ended September 29, 2018 (amounts in thousands) As Reported Correction As Revised Net income $ 28,885 $ (242 ) $ 28,643 Income tax (benefit) expense $ (31,606 ) $ (80 ) $ (31,686 ) Non-cash foreign exchange transaction/translation (income) loss $ 2,838 $ 2 $ 2,840 Adjusted EBITDA $ 132,949 $ (320 ) $ 132,629 Segment Information: Adjusted EBITDA Nine months ended September 29, 2018 (amounts in thousands) North Europe Australasia Total Operating Corporate Total As Reported $ 210,794 $ 99,873 $ 67,198 $ 377,865 $ (22,123 ) $ 355,742 Correction 164 (2,533 ) (220 ) (2,589 ) — (2,589 ) As Revised $ 210,958 $ 97,340 $ 66,978 $ 375,276 $ (22,123 ) $ 353,153 Three months ended September 29, 2018 (amounts in thousands) North Europe Australasia Total Operating Corporate Total As Reported $ 84,117 $ 28,133 $ 26,261 $ 138,511 $ (5,562 ) $ 132,949 Correction 169 (420 ) (69 ) (320 ) — (320 ) As Revised $ 84,286 $ 27,713 $ 26,192 $ 138,191 $ (5,562 ) $ 132,629

Description of Company and Su_3

Description of Company and Summary of Significant Accounting Policies - Factoring Arrangements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Accounting Policies [Abstract]
Proceeds from sales of accounts receivables			$ 57.4	$ 36.6
Factoring costs	$ 0.1	$ 0.1	$ 0.4	$ 0.2

Description of Company and Su_4

Description of Company and Summary of Significant Accounting Policies - Lease (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle
Operating lease liability	$ 184,145
Right of use asset	$ 176,515
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle
Operating lease liability		$ 200,000
Right of use asset		195,000
ASU 2016-02 | Retained earnings (accumulated deficit)
New Accounting Pronouncements or Change in Accounting Principle
Adoption of new accounting standard ASU No. 2016-02		$ 800	$ 761

Acquisitions - Narratives (Deta

Acquisitions - Narratives (Details)	Jun. 30, 2018USD ($)	Sep. 28, 2019USD ($)	Sep. 29, 2018USD ($)	Sep. 28, 2019USD ($)	Sep. 28, 2019USD ($)	Sep. 29, 2018USD ($)	Dec. 31, 2018USD ($)acquisition	Mar. 30, 2019USD ($)
Business Acquisition
Goodwill		$ 589,983,000		$ 589,983,000	$ 589,983,000		$ 585,942,000
Acquisition-related costs		1,435,000	$ 1,790,000		13,432,000	$ 5,954,000
VPI
Business Acquisition
Goodwill		20,605,000		20,605,000	$ 20,605,000			$ 26,553,000
Intangible assets useful life					8 years
Revenue from acquired entity				30,200,000
Net income from acquired entity				$ (1,500,000)
Acquisition-related costs		$ 0			$ 400,000
Additional acquisition costs					$ 7,100,000
2018 Acquisitions
Business Acquisition
Goodwill	$ 64,950,000							$ 60,620,000
Intangible assets useful life	16 years
Acquisition-related costs			$ 1,600,000			$ 5,300,000
Number of business acquired | acquisition							4

Acquisitions - Fair Value of As

Acquisitions - Fair Value of Assets and Liabilities Acquired (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Mar. 30, 2019	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Jun. 30, 2018	Sep. 28, 2019	Mar. 30, 2019	Sep. 29, 2018	Dec. 31, 2018
Fair value of identifiable assets and liabilities:
Goodwill			$ 589,983		$ 589,983		$ 589,983			$ 585,942
Purchase price:
Cash consideration, net of cash acquired							57,264		$ 167,136
Gain on previously held shares			0	$ 0			0		$ 20,767
Measurement Period Adjustment
Measurement period adjustments, Goodwill							(5,678)
VPI
Fair value of identifiable assets and liabilities:
Accounts receivable	$ 11,417	$ 11,417	11,280		11,280		11,280	$ 11,417
Inventories	2,555	2,555	2,495		2,495		2,495	2,555
Other current assets	261	261	273		273		273	261
Property and equipment	3,166	3,166	3,342		3,342		3,342	3,166
Identifiable intangible assets	17,702	17,702	23,437		23,437		23,437	17,702
Operating lease assets, net	3,739	3,739	3,739		3,739		3,739	3,739
Goodwill	26,553	26,553	20,605		20,605		20,605	26,553
Other assets	10	10	10		10		10	10
Total assets	65,403	65,403	65,181		65,181		65,181	65,403
Accounts payable	2,629	2,629	2,629		2,629		2,629	2,629
Other current liabilities	1,875	1,875	1,875		1,875		1,875	1,875
Operating lease liability	3,413	3,413	3,413		3,413		3,413	3,413
Total liabilities	7,917	7,917	$ 7,917		7,917		$ 7,917	7,917
Purchase price:
Cash consideration, net of cash acquired		57,486			57,264
Measurement Period Adjustment
Measurement period adjustments, Accounts receivable					(137)
Measurement period adjustments, Inventories					(60)
Measurement period adjustments, Other current assets					12
Measurement period adjustments, Property and equipment					176
Measurement period adjustments, Identifiable intangible assets					5,735
Measurement period adjustments, Goodwill					(5,948)
Measurement period adjustments, Total assets					(222)
Measurement period adjustments, Total consideration, net of cash acquired					$ (222)
2018 Acquisitions
Fair value of identifiable assets and liabilities:
Accounts receivable	56,635	56,635				$ 58,714		56,635
Inventories	89,236	89,236				97,305		89,236
Other current assets	8,773	8,773				14,910		8,773
Property and equipment	79,298	79,298				53,128		79,298
Identifiable intangible assets	68,694	68,694				70,057		68,694
Goodwill	60,620	60,620				64,950		60,620
Other assets	3,755	3,755				7,283		3,755
Total assets	367,011	367,011				366,347		367,011
Accounts payable	23,415	23,415				29,512		23,415
Current maturities of long-term debt	18,081	18,081				17,278		18,081
Other current liabilities	32,091	32,091				27,595		32,091
Long-term debt	52,498	52,498				47,369		52,498
Other liabilities	15,198	15,198				17,551		15,198
Total liabilities	141,283	141,283				139,305		141,283
Purchase price:
Cash consideration, net of cash acquired	167,688					169,002
Contingent consideration	3,898	$ 3,898				3,898		3,898
Gain on previously held shares	20,767					20,767
Existing investment in acquired entity	33,483					33,483
Non-cash consideration related to acquired intercompany balances	(108)					(108)
Total consideration, net of cash acquired	$ 225,728					$ 227,042
Measurement Period Adjustment
Measurement period adjustments, Accounts receivable								(2,079)
Measurement period adjustments, Inventories								(8,069)
Measurement period adjustments, Other current assets								(6,137)
Measurement period adjustments, Property and equipment								26,170
Measurement period adjustments, Identifiable intangible assets								(1,363)
Measurement period adjustments, Goodwill								(4,330)
Measurement period adjustments, Other assets								(3,528)
Measurement period adjustments, Total assets								664
Measurement period adjustments, Accounts payable								(6,097)
Measurement period adjustments, Current maturities of long-term debt								803
Measurement period adjustments, Other current liabilities								4,496
Measurement period adjustments, Long-term debt								5,129
Measurement period adjustments, Other liabilities								(2,353)
Measurement period adjustments, Total liabilities								1,978
Measurement period adjustments, Cash consideration, net of cash acquired								(1,314)
Measurement period adjustments, Total consideration, net of cash acquired								$ (1,314)

Accounts Receivable - Narrative

Accounts Receivable - Narratives (Details) - USD ($) $ in Millions	Sep. 28, 2019	Dec. 31, 2018
Receivables [Abstract]
Allowance for doubtful accounts	$ 5.9	$ 6.2

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018	Sep. 29, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 374,724	$ 370,124
Work in process	36,785	39,127
Finished goods	97,935	99,248
Total inventories	$ 509,444	$ 508,499	$ 515,641

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Property, Plant and Equipment, Net
Property and equipment	$ 2,006,687	$ 1,982,301
Accumulated depreciation	(1,164,467)	(1,138,898)
Total property and equipment, net	$ 842,220	$ 843,403

Property and Equipment, Net - N

Property and Equipment, Net - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Property, Plant and Equipment
Property, Plant and Equipment
Impairment of assets	$ 1.4	$ 0.3	$ 2.8	$ 0.9

Property and Equipment, Net - D

Property and Equipment, Net - Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Depreciation
Total depreciation expense	$ 23,790	$ 23,066	$ 70,140	$ 68,553
Cost of sales
Depreciation
Total depreciation expense	21,382	20,658	62,798	61,655
Selling, general and administrative
Depreciation
Total depreciation expense	$ 2,408	$ 2,408	$ 7,342	$ 6,898

Goodwill - Rollforward (Details

Goodwill - Rollforward (Details) $ in Thousands	9 Months Ended
	Sep. 28, 2019USD ($)
Goodwill
Beginning balance	$ 585,942
Acquisitions - preliminary allocation	26,553
Acquisition remeasurements	(5,678)
Sale of business unit	(1,343)
Currency translation	(15,491)
Ending balance	589,983
North America
Goodwill
Beginning balance	223,562
Acquisitions - preliminary allocation	26,553
Acquisition remeasurements	(4,430)
Sale of business unit	(1,343)
Currency translation	169
Ending balance	244,511
Europe
Goodwill
Beginning balance	279,688
Currency translation	(12,585)
Ending balance	267,103
Australasia
Goodwill
Beginning balance	82,692
Acquisition remeasurements	(1,248)
Currency translation	(3,075)
Ending balance	$ 78,369

Intangible Assets, Net - Cost a

Intangible Assets, Net - Cost and Accumulated Amortization (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
Finite-Lived Intangible Assets
Cost	$ 343,767	$ 302,463
Accumulated amortization	(95,180)	(76,910)
Total intangibles, net	248,587	225,553
Customer relationships and agreements
Finite-Lived Intangible Assets
Cost	152,965	134,999
Accumulated amortization	(56,618)	(45,418)
Total intangibles, net	96,347	89,581
Software
Finite-Lived Intangible Assets
Cost	86,782	62,147
Accumulated amortization	(16,022)	(14,053)
Total intangibles, net	70,760	48,094
Trademarks and trade names
Finite-Lived Intangible Assets
Cost	57,278	57,513
Accumulated amortization	(6,682)	(5,050)
Total intangibles, net	50,596	52,463
Patents, licenses and rights
Finite-Lived Intangible Assets
Cost	46,742	47,804
Accumulated amortization	(15,858)	(12,389)
Total intangibles, net	$ 30,884	$ 35,415

Intangible Assets, Net - Narrat

Intangible Assets, Net - Narratives (Details) $ in Millions	9 Months Ended
	Sep. 28, 2019USD ($)
Finite-Lived Intangible Assets
Capitalized implementation costs	$ 53.2
Software
Finite-Lived Intangible Assets
Increase in intangible assets	$ 24.8
Finite-lived intangible assets, term	15 years

Intangible Assets, Net - Amorti

Intangible Assets, Net - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 8,764	$ 5,120	$ 23,557	$ 14,987

Leases - Narratives (Details)

Leases - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018	Dec. 31, 2018
Lessee
Accumulated amortization		$ 1,200
Right-of-use assets in exchange for operating lease liabilities		15,200
Rent expense	$ 16,800		$ 47,600
Term Loan | Finance leases and other financing arrangements
Lessee
Long-term debt, gross		$ 101,649		$ 98,914
Term Loan | Finance leases and other financing arrangements | ASU 2016-02
Lessee
Long-term debt, gross				$ 24,500
Minimum
Lessee
Lessee renewal term		1 year
Or more
Lessee
Lessee renewal term		20 years

Leases - Balance Sheet Location

Leases - Balance Sheet Location (Details) $ in Thousands	Sep. 28, 2019USD ($)
Leases [Abstract]
Right of use asset	$ 176,515
Finance lease asset	3,577
Total lease assets	180,092
Operating lease liability, current	43,245
Finance lease liability, current	1,163
Operating lease liability	140,900
Finance lease liability, noncurrent	2,472
Total lease liability	$ 187,780

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 28, 2019	Sep. 28, 2019
Leases [Abstract]
Operating	$ 13,454	$ 40,928
Short term	3,198	8,607
Variable	963	2,800
Low value	475	1,317
Finance	24	71
Total lease costs	$ 18,114	$ 53,723

Leases - Other Lease Disclosure

Leases - Other Lease Disclosures (Details)	Sep. 28, 2019
Leases [Abstract]
Operating lease, weighted average lease term	6 years 7 months 6 days
Finance lease, weighted average lease term	3 years 9 months 18 days
Operating lease weighted average discount rate (percent)	4.70%
Finance lease weighted average discount rate (percent)	4.60%

Leases - Lease Maturities (Deta

Leases - Lease Maturities (Details) $ in Thousands	Sep. 28, 2019USD ($)
Operating Leases
Operating lease, 2019	$ 13,306
Operating lease, 2020	49,834
Operating lease, 2021	37,128
Operating lease, 2022	28,984
Operating lease, 2023	23,426
Thereafter	65,025
Total lease payments	217,703
Less: Interest	33,558
Present value of lease liability	184,145
Finance Lease Liabilities, Payments, Due
Finance lease, 2019	330
Finance lease, 2020	1,249
Finance lease, 2021	949
Finance lease, 2022	599
Finance lease, 2023	521
Thereafter	293
Total lease payments	3,941
Less: Interest	306
Present value of lease liability	3,635
Lease Liabilities, Payments, Due
2019	13,636
2020	51,083
2021	38,077
2022	29,583
2023	23,947
Thereafter	65,318
Total lease payments	221,644
Lease, Liability, Undiscounted Excess Amount	33,864
Total lease liability	187,780
Lease options
Operating Leases
Total lease payments	$ 2,300

Leases - Maturity of Lease Prio

Leases - Maturity of Lease Prior to Adoption (Details) $ in Thousands	Dec. 31, 2018USD ($)
Operating Leases
2019	$ 49,128
2020	43,794
2021	30,885
2022	24,020
2023	19,352
Thereafter	33,943
Total future minimum lease payment obligations	201,122
Capital Leases
2019	862
2020	826
2021	561
2022	237
2023	225
Thereafter	23,968
Total future minimum lease payment obligations	26,679
Total
2019	49,990
2020	44,620
2021	31,446
2022	24,257
2023	19,577
Thereafter	57,911
Total future minimum lease payment obligations	$ 227,801

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018	Sep. 29, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Customer displays	$ 13,337	$ 15,069
Deposits	6,465	6,627
Long-term notes receivable	4,724	4,902
Cloud computing arrangements	4,290	0
Other prepaid expenses	2,571	5,331
Overfunded pension benefit obligation	1,590	1,517
Debt issuance costs on unused portion of revolver facility	1,588	1,552
Long-term taxes receivable	800	800
Other long-term accounts receivable	835	762
Other long-term assets	370	366
Total other assets	$ 36,570	$ 36,926	$ 32,951

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018	Sep. 29, 2018
Accounts Payable and Accrued Liabilities, Current
Current portion of legal claims provision	$ 78,483	$ 79,356
Accrued sales and advertising rebates	66,064	68,755
Current portion of operating lease liability (Note 8)	43,245
Accrued expenses	30,070	28,261
Non-income related taxes	33,590	21,643
Current portion of warranty liability (Note 11)	20,035	20,529	$ 20,954
Accrued interest payable	16,391	2,016
Current portion of accrued claim costs relating to self-insurance programs	11,421	12,319
Current portion of accrued income taxes payable	10,220	1,739
Current portion of deferred revenue (Note 16)	8,794	9,896
Current portion of restructuring accrual (Note 19)	6,093	6,635
Current portion of derivative liability (Note 21)	1,379	1,161
Total accrued expenses and other current liabilities	325,785	$ 252,310	$ 276,650
Steve and Sons
Accounts Payable and Accrued Liabilities, Current
Current portion of legal claims provision	$ 76,500

Warranty Liability - Narratives

Warranty Liability - Narratives (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2019	Dec. 31, 2018	Sep. 29, 2018	Dec. 31, 2017
Product Warranty Liability
Accrued warranty liability	$ 46,812	$ 46,468	$ 47,114	$ 46,256
North America
Product Warranty Liability
Accrued warranty liability	41,800
Product warranty, discount adjustment	$ 3,000
Minimum
Product Warranty Liability
Product warranty, term	1 year
Minimum | North America
Product Warranty Liability
Product warranty discount rate (percentage)	0.76%
Maximum
Product Warranty Liability
Product warranty, term	10 years
Maximum | North America
Product Warranty Liability
Product warranty discount rate (percentage)	4.75%

Warranty Liability - Rollforwar

Warranty Liability - Rollforward (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Dec. 31, 2018
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease)
Balance as of January 1	$ 46,468	$ 46,256
Current period expense	15,180	19,493
Liabilities assumed due to acquisition	79	1,541
Experience adjustments	1,090	500
Payments	(15,937)	(20,128)
Currency translation	(68)	(548)
Balance at period end	46,812	47,114
Current portion	(20,035)	(20,954)	$ (20,529)
Long-term portion	$ 26,777	$ 26,160

Long-Term Debt - Long Term Debt

Long-Term Debt - Long Term Debt (Details) $ in Thousands, kr in Millions	Sep. 28, 2019USD ($)	Sep. 28, 2019DKK (kr)	Dec. 31, 2018USD ($)
Debt Instrument
Unamortized debt issuance costs and original issue discount	$ (11,189)		$ (11,417)
Long-term debt	1,514,364		1,477,892
Current maturities of long-term debt	(67,817)		(54,930)
Long-term debt net of current maturities	1,446,547		1,422,962
Senior notes
Debt Instrument
Long-term debt, gross	$ 800,000		800,000
Senior notes | Minimum
Debt Instrument
Effective interest rate (percent)	4.63%	4.63%
Senior notes | Maximum
Debt Instrument
Effective interest rate (percent)	4.88%	4.88%
Term Loan | Term Loan
Debt Instrument
Long-term debt, gross	$ 592,794		474,058
Unamortized debt issuance costs and original issue discount	$ (600)
Term Loan | Term Loan | Minimum
Debt Instrument
Effective interest rate (percent)	1.30%	1.30%
Term Loan | Term Loan | Maximum
Debt Instrument
Effective interest rate (percent)	4.33%	4.33%
Term Loan | Finance leases and other financing arrangements
Debt Instrument
Long-term debt, gross	$ 101,649		98,914
Term Loan | Finance leases and other financing arrangements | Minimum
Debt Instrument
Effective interest rate (percent)	1.90%	1.90%
Term Loan | Finance leases and other financing arrangements | Maximum
Debt Instrument
Effective interest rate (percent)	6.38%	6.38%
Mortgage notes
Debt Instrument
Long-term debt, gross	$ 27,900	kr 190.4	30,375
Effective interest rate (percent)	1.65%	1.65%
Line of Credit | Revolving credit facilities
Debt Instrument
Long-term debt, gross	$ 3,017		85,000
Effective interest rate (percent)	4.45%	4.45%
Line of Credit | Revolving credit facilities | Minimum
Debt Instrument
Effective interest rate (percent)	3.90%	3.90%
Line of Credit | Revolving credit facilities | Maximum
Debt Instrument
Effective interest rate (percent)	6.00%	6.00%
Installment notes for stock
Debt Instrument
Long-term debt, gross	$ 205		$ 962
Effective interest rate (percent)	5.00%	5.00%

Long-Term Debt - Senior Notes (

Long-Term Debt - Senior Notes (Details)	Dec. 31, 2017USD ($)tranch
Debt Instrument
Debt instrument face amount	$ 800,000,000
Number of tranches (tranche) | tranch	2
Senior Note Maturing December 2025
Debt Instrument
Debt instrument face amount	$ 400,000,000
Debt instrument stated interest rate (percent)	4.63%
Senior Note Maturing December 2027
Debt Instrument
Debt instrument face amount	$ 400,000,000
Senior notes | Senior Note Maturing December 2027
Debt Instrument
Debt instrument stated interest rate (percent)	4.88%

Long-Term Debt - Term Loans (De

Long-Term Debt - Term Loans (Details) $ in Thousands	1 Months Ended	6 Months Ended	9 Months Ended
	Sep. 28, 2019USD ($)	Jun. 29, 2019AUD ($)	Sep. 28, 2019USD ($)	Sep. 29, 2018USD ($)	Dec. 31, 2018USD ($)
Debt Instrument
Proceeds from long term debt			$ 25,068	$ 151,102
Unamortized debt issuance costs	$ 11,189		$ 11,189		$ 11,417
Australian Facility | Secured Debt
Debt Instrument
Borrowing availability		$ 5,000,000
Term Loan | Term Loan
Debt Instrument
Proceeds from long term debt	125,000
Repayment of long term debt	$ 115,000
Debt instrument discount rate (percent)	0.50%		0.50%
Debt instrument discount rate	$ 600		$ 600
Unamortized debt issuance costs	600		600
Long term debt principal amount outstanding	557,800		557,800
Long-term debt	592,794		592,794		$ 474,058
Term Loan | Australian Facility | Secured Debt
Debt Instrument
Increase in borrowing capacity		$ 50,000,000
Unused commitment fee (percent)		1.25%
Long-term debt	$ 33,800		$ 33,800
Term Loan | Australian Facility | Secured Debt | BBSY | Minimum
Debt Instrument
Debt instrument, variable rate (percent)		1.00%
Term Loan | Australian Facility | Secured Debt | BBSY | Maximum
Debt Instrument
Debt instrument, variable rate (percent)		1.10%

Long-Term Debt - Credit Facilit

Long-Term Debt - Credit Facilities, Mortgage Notes, and Finance Leases and Other Financing Arrangements (Details) kr in Millions	1 Months Ended				6 Months Ended
	Sep. 28, 2019USD ($)	Jun. 29, 2019AUD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2007	Jun. 29, 2019AUD ($)	Sep. 28, 2019DKK (kr)	Sep. 28, 2019AUD ($)	Jan. 31, 2019EUR (€)	Dec. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Instrument
Debt instrument face amount										$ 800,000,000
Notes payable | Term Loan
Debt Instrument
Repayment of long term debt	$ 115,000,000
Long-term debt	592,794,000		$ 474,058,000
Notes payable | Finance leases and other financing arrangements
Debt Instrument
Long-term debt	101,649,000		98,914,000
Notes payable | Finance leases and other financing arrangements | ASU 2016-02
Debt Instrument
Long-term debt			24,500,000
Secured Debt
Debt Instrument
Long-term debt	27,900,000		$ 30,375,000			kr 190.4
Debt instrument, term				30 years
Revolving credit facilities
Debt Instrument
Borrowing availability	322,000,000
Revolving credit facilities | Euro revolving facility
Debt Instrument
Maximum borrowing capacity | €								€ 39,000,000
Revolving credit facilities | Line of Credit
Debt Instrument
Unused commitment fee (percent)			0.25%
Long-term debt	3,017,000		$ 85,000,000
Revolving credit facilities | Line of Credit | ABL Facility
Debt Instrument
Debt instrument face amount			400,000,000						$ 300,000,000
Increase to maximum borrowing capacity			$ 100,000,000
Long-term debt	3,000,000
Line of credit outstanding	36,000,000
Borrowing availability	307,100,000
Secured Debt | Australian Facility
Debt Instrument
Borrowing availability		$ 5,000,000			$ 5,000,000
Secured Debt | Notes payable | Australian Facility
Debt Instrument
Unused commitment fee (percent)					1.25%
Long-term debt	33,800,000
Increase in borrowing capacity					$ 50,000,000
Interchangeable facility | Line of Credit | Australia senior secured credit facility
Debt Instrument
Borrowing availability	$ 14,900,000						$ 22,000,000
Maximum borrowing capacity		$ 35,000,000			$ 35,000,000
Interchangeable facility | Line of Credit | Australia senior secured credit facility | BBSY
Debt Instrument
Debt instrument, variable rate (percent)		1.10%

Income Taxes - Narratives (Deta

Income Taxes - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018	Dec. 31, 2018
Operating Loss Carryforwards
Effective rate for continuing operations (percent)	56.90%	1039.20%	44.90%	(14.60%)
Income tax expense (benefit)	$ 22,500	$ (31,686)	$ 45,030	$ (13,141)
Effective income tax expense (benefit) related to discrete tax adjustments	(6,200)	(59,800)	9,100	(65,100)
Hedging taxes reclassified from other comprehensive income			4,500
Interest expense from uncertain tax positions	400		(900)	900
Foreign taxes	400		400
Adjustments to tax estimates		40,200		40,200
Loss contingency accrual, tax		19,600		19,600
Tax (expense) benefit from the exercise. forfeiture, or cancellation of stock options			(1,200)	1,800
Tax expense related to the write off of equity method investment				7,100
Other tax expense (benefit)				2,700
Unrecognized tax benefits	15,400		15,400		$ 16,600
Chilean Subsidiary
Operating Loss Carryforwards
Hedging taxes reclassified from other comprehensive income	4,500
Change in valuation allowance			1,000
Adjustments
Operating Loss Carryforwards
Income tax expense (benefit)	600		1,100
Continuing operations
Operating Loss Carryforwards
Income tax expense (benefit)	$ 22,500	$ (31,700)	$ 45,000	$ (13,100)

Segment Information - Narrative

Segment Information - Narratives (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019USD ($)	Sep. 29, 2018USD ($)	Sep. 28, 2019USD ($)segment	Sep. 29, 2018USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			3
Legal fees	$ 3,599		$ 9,922	$ 25,372
Realized gain on hedges	3,021	$ 3,700		3,700
Consolidation and reorganization cost	2,839		16,877
Business acquisition, transaction costs	$ 1,435	1,790	13,432	5,954
Legal settlement accrual		76,500		76,500
Employee retention cost related to business acquisition			7,077
Unrealized gain on hedges			3,053
Other miscellaneous cost			842
Executive compensation expense			625	2,776
Payroll fees				$ 445
Inventory write-down		$ 12,191	$ 734

Segment Information - Reportabl

Segment Information - Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Segment Reporting Information, Profit (Loss)
Net revenues	$ 1,091,953	$ 1,136,478	$ 3,221,200	$ 3,255,108
Impairment and restructuring charges	7,935	3,891	17,388	9,378
Adjusted EBITDA	108,948	132,629	325,808	353,153
North America
Segment Reporting Information, Profit (Loss)
Net revenues	658,437	667,709	1,891,915	1,838,825
Europe
Segment Reporting Information, Profit (Loss)
Net revenues	287,690	292,909	888,041	913,292
Australasia
Segment Reporting Information, Profit (Loss)
Net revenues	145,826	175,860	441,244	502,991
Operating Segments
Segment Reporting Information, Profit (Loss)
Net revenues	1,094,689	1,140,549	3,228,451	3,266,588
Impairment and restructuring charges	7,904	3,604	16,423	10,251
Adjusted EBITDA	117,198	138,191	351,776	375,276
Operating Segments | North America
Segment Reporting Information, Profit (Loss)
Net revenues	658,705	667,915	1,893,273	1,839,710
Impairment and restructuring charges	1,133	2,233	5,281	4,425
Adjusted EBITDA	66,671	84,286	206,985	210,958
Operating Segments | Europe
Segment Reporting Information, Profit (Loss)
Net revenues	287,703	292,975	888,174	914,222
Impairment and restructuring charges	2,258	1,053	4,210	1,758
Adjusted EBITDA	30,184	27,713	86,810	97,340
Operating Segments | Australasia
Segment Reporting Information, Profit (Loss)
Net revenues	148,281	179,659	447,004	512,656
Impairment and restructuring charges	4,513	318	6,932	4,068
Adjusted EBITDA	20,343	26,192	57,981	66,978
Corporate and Unallocated Costs
Segment Reporting Information, Profit (Loss)
Impairment and restructuring charges	31	287	965	(873)
Adjusted EBITDA	(8,250)	(5,562)	(25,968)	(22,123)
Intersegment Eliminations
Segment Reporting Information, Profit (Loss)
Net revenues	(2,736)	(4,071)	(7,251)	(11,480)
Intersegment Eliminations | North America
Segment Reporting Information, Profit (Loss)
Net revenues	(268)	(206)	(1,358)	(885)
Intersegment Eliminations | Europe
Segment Reporting Information, Profit (Loss)
Net revenues	(13)	(66)	(133)	(930)
Intersegment Eliminations | Australasia
Segment Reporting Information, Profit (Loss)
Net revenues	$ (2,455)	$ (3,799)	$ (5,760)	$ (9,665)

Segment Information - Reconcili

Segment Information - Reconciliation of Net Income to EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Segment Reporting, Other Significant Reconciling Item, Consolidated
Net income	$ 17,042	$ 28,637	$ 55,175	$ 103,817
Equity earnings in non-consolidated entities	0	0	0	(738)
Income tax expense (benefit)	22,500	(31,686)	45,030	(13,141)
Depreciation and amortization	34,921	31,248	99,749	90,279
Interest expense, net	17,571	18,341	53,719	51,832
Impairment and restructuring charges	7,935	3,891	17,388	9,378
Gain on previously held shares of an equity investment	0	0	0	(20,767)
Loss (gain) on sale of property and equipment	1	(119)	1,081	154
Stock-based compensation	4,108	4,133	10,585	12,374
Non-cash foreign exchange transaction/translation (income) loss	(182)	2,840	3,615	(359)
Other items	5,052	75,154	38,732	107,868
Other non-cash items	0	0	734	12,191
Costs relating to debt restructuring and debt refinancing	0	190	0	265
Adjusted EBITDA	$ 108,948	$ 132,629	$ 325,808	$ 353,153

Capital Stock - Narratives (Det

Capital Stock - Narratives (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 28, 2019	Nov. 04, 2019	Dec. 31, 2018	Apr. 30, 2018
Class of Stock
Shares held in employee trust (shares)	193,941		193,941
Shares held in employee trust	$ 12.4		$ 12.4
Common shares repurchased (shares)	1,192,419
Shares repurchased (usd per share)	$ 16.77
Common stock
Class of Stock
Share authorized for repurchase (shares)				250,000,000
Shares remaining for repurchase	$ 105
Subsequent events | Common stock
Class of Stock
Shares remaining for repurchase		$ 175

Revenue Recognition - Deferred

Revenue Recognition - Deferred Revenue (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Change in Contract with Customer, Liability
Balance as of January 1	$ 9,896	$ 9,970
Increases due to cash received	61,844	61,069
Revenue recognized during the period	(62,607)	(60,078)
Liabilities assumed due to acquisition	0	747
Currency translation	(339)	(738)
Balance at period end	$ 8,794	$ 10,970

Earnings Per Share - Basic Loss

Earnings Per Share - Basic Loss Per Share Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Income from continuing operations
Income from continuing operations	$ 17,042	$ 28,637	$ 55,175	$ 103,079
Equity earnings of non-consolidated entities	0	0	0	738
Net Income	$ 17,042	$ 28,637	$ 55,175	$ 103,817
Weighted average outstanding shares of common stock basic (shares)	100,572,016	104,169,833	100,615,006	105,309,185
Net income per share - basic (usd per share)	$ 0.17	$ 0.27	$ 0.55	$ 0.99

Earnings Per Share - Diluted Lo

Earnings Per Share - Diluted Loss Per Share Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Earnings Per Share [Abstract]
Net income - basic and diluted	$ 17,042	$ 28,637	$ 55,175	$ 103,817
Weighted average outstanding shares of common stock basic (shares)	100,572,016	104,169,833	100,615,006	105,309,185
Restricted stock units and options to purchase common stock (shares)	809,960	1,767,596	804,764	2,167,864
Weighted average outstanding shares of common stock diluted (shares)	101,381,976	105,937,429	101,419,770	107,477,049
Net income per share - diluted (usd per share)	$ 0.17	$ 0.27	$ 0.54	$ 0.97

Earnings Per Share - Potentiall

Earnings Per Share - Potentially Dilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Stock options | Common stock
Incremental Weighted Average Shares Attributable to Dilutive Effect
Antidilutive securities excluded from computation of diluted earnings per share	1,678,874	1,130,020	1,711,275	806,309
RSUs
Incremental Weighted Average Shares Attributable to Dilutive Effect
Antidilutive securities excluded from computation of diluted earnings per share	40,707	187,144	201,254	30,953
Performance share units
Incremental Weighted Average Shares Attributable to Dilutive Effect
Antidilutive securities excluded from computation of diluted earnings per share	11,525	108,667	299,856	0

Stock Compensation - Activity (

Stock Compensation - Activity (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Options Activity
Options granted (shares)	18,226	21,849	443,170	838,912
Options canceled (shares)	68,940	124,104	238,142	524,225
Options exercised (shares)	72,667	300,084	459,724	1,305,489
Options Weighted Average Exercise Price
Options granted, weighted average exercise price (usd per share)	$ 20.88	$ 28.74	$ 20.94	$ 32.16
Options canceled, weighted average exercise price (usd per share)	25.79	18.10	26.36	18.04
Options exercised, weighted average exercise price (usd per share)	$ 12.25	$ 11.93	$ 9.44	$ 14.47
RSUs
Weighted Average Grant-Date Fair Value Per Share
Equity instruments granted (shares)	260,219	31,906	914,207	642,279
Equity instruments granted, weighted average exercise price (usd per share)	$ 18.08	$ 27.91	$ 20.02	$ 31.38
PSU's
Weighted Average Grant-Date Fair Value Per Share
Equity instruments granted (shares)	14,367	0	401,935	193,763
Equity instruments granted, weighted average exercise price (usd per share)	$ 22.15	$ 0	$ 22.21	$ 31.60

Stock Compensation - Narratives

Stock Compensation - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation	$ 4.2	$ 4.2	$ 10.6	$ 12.4
Stock compensation not yet recognized	$ 32.7		$ 32.7
Recognition period for stock compensation not yet recognized (years)			2 years 2 months 19 days

Impairment and Restructuring _3

Impairment and Restructuring Charges - Narratives (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring reserve, current	$ 6,093	$ 6,635
Restructuring accrual	$ 1,200	$ 2,000

Impairment and Restructuring _4

Impairment and Restructuring Charges - Impairment by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Restructuring Cost and Reserve
Severance costs	$ 3,798	$ 3,513	$ 10,126	$ 6,637
Other exit costs	1,053	76	1,593	1,723
Total restructuring costs	4,851	3,589	11,719	8,360
Impairments	3,084	302	5,669	1,018
Total impairment and restructuring charges	7,935	3,891	17,388	9,378
Operating Segments | North America
Restructuring Cost and Reserve
Severance costs	6	1,824	2,166	2,495
Other exit costs	16	107	50	1,469
Total restructuring costs	22	1,931	2,216	3,964
Impairments	1,111	302	3,065	461
Total impairment and restructuring charges	1,133	2,233	5,281	4,425
Operating Segments | Europe
Restructuring Cost and Reserve
Severance costs	2,022	1,176	3,693	1,881
Other exit costs	236	(123)	356	(123)
Total restructuring costs	2,258	1,053	4,049	1,758
Impairments	0	0	161	0
Total impairment and restructuring charges	2,258	1,053	4,210	1,758
Operating Segments | Australasia
Restructuring Cost and Reserve
Severance costs	1,726	318	3,262	2,035
Other exit costs	814	0	1,227	2,033
Total restructuring costs	2,540	318	4,489	4,068
Impairments	1,973	0	2,443	0
Total impairment and restructuring charges	4,513	318	6,932	4,068
Corporate and Unallocated Costs
Restructuring Cost and Reserve
Severance costs	44	195	1,005	226
Other exit costs	(13)	92	(40)	(1,656)
Total restructuring costs	31	287	965	(1,430)
Impairments	0	0	0	557
Total impairment and restructuring charges	$ 31	$ 287	$ 965	$ (873)

Impairment and Restructuring _5

Impairment and Restructuring Charges - Restructuring Accrual (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Restructuring Reserve
Beginning Accrual Balance			$ 8,640	$ 11,039
Additions Charged to Expense	$ 4,851	$ 3,589	11,719	8,360
Payments or Utilization			(13,076)	(13,144)
Ending Accrual Balance	7,283	6,255	7,283	6,255
Severance costs
Restructuring Reserve
Beginning Accrual Balance			5,353	7,232
Additions Charged to Expense			10,126	6,638
Payments or Utilization			(11,067)	(10,378)
Ending Accrual Balance	4,412	3,492	4,412	3,492
Other exit costs
Restructuring Reserve
Beginning Accrual Balance			3,287	3,807
Additions Charged to Expense			1,593	1,722
Payments or Utilization			(2,009)	(2,766)
Ending Accrual Balance	$ 2,871	$ 2,763	$ 2,871	$ 2,763

Other (Income) Expense (Details

Other (Income) Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Other Income and Expenses [Abstract]
Foreign currency gains	$ (5,374)	$ (2,809)	$ (5,195)	$ (6,437)
Pension benefit expense	2,726	2,103	8,126	8,333
Legal settlement income	0	(7,258)	(1,247)	(7,340)
Gain on sale of business	0	0	(2,814)	0
Other items	0	0	0	(20,767)
Other items	(39)	(35)	(158)	(1,272)
Total other income	$ (2,687)	$ (7,999)	$ (1,288)	$ (27,483)

Derivative Financial Instrume_3

Derivative Financial Instruments - Narratives (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 28, 2019USD ($)	Sep. 29, 2018USD ($)	Sep. 28, 2019USD ($)	Sep. 29, 2018USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Mar. 30, 2019USD ($)instrument
Notional Disclosures
Realized gain on hedges	$ 3,021,000	$ 3,700,000		$ 3,700,000
Derivative instrument losses recognized in OCI					$ 1,300,000
Interest expense, net	17,571,000	18,341,000	$ 53,719,000	51,832,000
Interest rate cap contracts
Notional Disclosures
Notional amount							$ 150,000,000
Number of derivative instruments (instruments) | instrument							2
Derivative cap interest rate (percent)							3.00%
Not Designated as Hedging Instrument | Foreign Exchange Contracts, Forecasted Transactions
Notional Disclosures
Notional amount	117,500,000		117,500,000
Not Designated as Hedging Instrument | Foreign Currency Exchange Contracts, Intercompany Loans and Interest
Notional Disclosures
Notional amount	52,300,000		52,300,000
Not Designated as Hedging Instrument | Foreign Exchange Contracts, Consolidated Earnings
Notional Disclosures
Notional amount	138,300,000		138,300,000
Not Designated as Hedging Instrument | Foreign currency forward contracts
Notional Disclosures
Realized loss on hedge		3,700,000	2,700,000
Realized gain on hedges	100,000			4,000,000
Designated as Hedging Instrument | December 2016 - December 2017 | Cash Flow Hedge
Notional Disclosures
Notional amount						$ 914,300,000
Loss on debt extinguishment						$ 3,600,000
Designated as Hedging Instrument | Interest rate swap
Notional Disclosures
Interest expense, net	$ 400,000	$ 500,000	$ 1,300,000	$ 1,500,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value (Details) - Derivatives not designated as hedging instruments: - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Foreign currency forward contracts | Other current assets
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Foreign currency forward contracts	$ 5,733	$ 8,234
Foreign currency forward contracts | Accrued expenses and other current liabilities
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Fair value, gross liability	1,379	1,161
Interest rate cap contracts | Other assets
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Foreign currency forward contracts	$ 12	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Financial Assets and Liabilities (Details) - Recurring - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Carrying Amount
Assets:
Derivative assets, recorded in other current assets		$ 8,234
Cash equivalents		30
Liabilities:
Senior notes	$ 800,000	800,000
Term loans, recorded in long-term debt and current maturities of long-term debt	592,794	474,058
Derivative liabilities, recorded in accrued expenses and deferred credits	1,379	1,161
Carrying Amount | Other current assets
Assets:
Derivative assets, recorded in other current assets	5,733
Carrying Amount | Other assets
Assets:
Derivative assets, recorded in other current assets	12	0
Total Fair Value
Assets:
Derivative assets, recorded in other current assets		8,234
Cash equivalents		30
Liabilities:
Senior notes	802,000	692,000
Term loans, recorded in long-term debt and current maturities of long-term debt	593,492	455,545
Derivative liabilities, recorded in accrued expenses and deferred credits	1,379	1,161
Total Fair Value | Other current assets
Assets:
Derivative assets, recorded in other current assets	5,733
Total Fair Value | Other assets
Assets:
Derivative assets, recorded in other current assets	12	0
Total Fair Value | Level 1
Assets:
Derivative assets, recorded in other current assets		0
Cash equivalents		0
Liabilities:
Senior notes	0	0
Term loans, recorded in long-term debt and current maturities of long-term debt	0	0
Derivative liabilities, recorded in accrued expenses and deferred credits	0	0
Total Fair Value | Level 1 | Other current assets
Assets:
Derivative assets, recorded in other current assets	0
Total Fair Value | Level 1 | Other assets
Assets:
Derivative assets, recorded in other current assets	0	0
Total Fair Value | Level 2
Assets:
Derivative assets, recorded in other current assets		8,234
Cash equivalents		30
Liabilities:
Senior notes	802,000	692,000
Term loans, recorded in long-term debt and current maturities of long-term debt	593,492	455,545
Derivative liabilities, recorded in accrued expenses and deferred credits	1,379	1,161
Total Fair Value | Level 2 | Other current assets
Assets:
Derivative assets, recorded in other current assets	5,733
Total Fair Value | Level 2 | Other assets
Assets:
Derivative assets, recorded in other current assets	12	0
Total Fair Value | Level 3
Assets:
Derivative assets, recorded in other current assets		0
Cash equivalents		0
Liabilities:
Senior notes	0	0
Term loans, recorded in long-term debt and current maturities of long-term debt	0	0
Derivative liabilities, recorded in accrued expenses and deferred credits	0	0
Total Fair Value | Level 3 | Other current assets
Assets:
Derivative assets, recorded in other current assets	0
Total Fair Value | Level 3 | Other assets
Assets:
Derivative assets, recorded in other current assets	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Non-Financial Assets and Liabilities (Details) - Nonrecurring - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Fair Value, Assets Measured on Nonrecurring Basis
Closed operations	$ 988
Continuing operations		$ 48
Total	988	48
Changes Measurement
Fair Value, Assets Measured on Nonrecurring Basis
Closed operations	1,586
Continuing operations		175
Total	1,586	175
Carrying Amount
Fair Value, Assets Measured on Nonrecurring Basis
Closed operations	988
Continuing operations		48
Total	988	48
Level 1
Fair Value, Assets Measured on Nonrecurring Basis
Closed operations	0
Continuing operations		0
Total	0	0
Level 2
Fair Value, Assets Measured on Nonrecurring Basis
Closed operations	0
Continuing operations		0
Total	0	0
Level 3
Fair Value, Assets Measured on Nonrecurring Basis
Closed operations	988
Continuing operations		48
Total	$ 988	$ 48

Commitment and Contingencies -

Commitment and Contingencies - Litigation (Details) - USD ($) $ in Thousands	Apr. 12, 2019	Mar. 13, 2019	May 11, 2018	Feb. 15, 2018	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Loss Contingencies
Legal settlement accrual					$ 76,500		$ 76,500
Steve and Sons
Loss Contingencies
Damages awarded to plaintiff		$ 36,500
Legal settlement accrual						$ 76,500
Settlement proceeds awarded			$ 1,200
Steve and Sons | Attorney fees
Loss Contingencies
Damages sought	$ 28,400
Steve and Sons | Legal cost
Loss Contingencies
Damages sought	$ 1,700
Steve and Sons | Past damages
Loss Contingencies
Damages awarded to plaintiff		9,900		$ 12,200
Steve and Sons | Future damages
Loss Contingencies
Damages awarded to plaintiff		$ 139,400		$ 46,500

Commitment and Contingencies _2

Commitment and Contingencies - Self-Insured Risk (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 28, 2019	Dec. 31, 2018
Loss Contingencies
Accrued self-insurance liability	$ 73.5	$ 73.8
Minimum | Domestic Product Liability and Auto, General Liability, Personal Injury and Workers Compensation
Loss Contingencies
Concentration risk, auto, employee and general liability	3
Minimum | Auto, General Liability, Personal Injury and Workers Compensation
Loss Contingencies
Concentration risk, auto, employee and general liability	0.5
Maximum | Domestic Product Liability and Auto, General Liability, Personal Injury and Workers Compensation
Loss Contingencies
Concentration risk, auto, employee and general liability	250
Maximum | Auto, General Liability, Personal Injury and Workers Compensation
Loss Contingencies
Concentration risk, auto, employee and general liability	$ 250

Commitment and Contingencies _3

Commitment and Contingencies - Indemnification (Details)	9 Months Ended
	Sep. 28, 2019
Minimum
Loss Contingencies
Indemnification, term	1 year
Maximum
Loss Contingencies
Indemnification, term	3 years

Commitment and Contingencies _4

Commitment and Contingencies - Performance Bond and Letter of Credit (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Jun. 29, 2019	Dec. 31, 2018
Loss Contingencies
Self-insurance workers’ compensation	$ 24,108		$ 22,312
Legal	40,861		861
Liability and other insurance	16,678		18,988
Environmental	8,682		14,552
Other	5,298		10,009
Total outstanding performance bonds and stand-by letters of credit	$ 95,627		$ 66,722
Steve and Sons
Loss Contingencies
Total outstanding performance bonds and stand-by letters of credit		$ 40,000

Commitment and Contingencies _5

Commitment and Contingencies - Environmental Contingencies (Details) - USD ($)	Sep. 28, 2019	Dec. 31, 2018	Dec. 31, 2008
Site Contingency
Environmental loss contingencies, current	$ 800,000	$ 500,000
Environmental loss contingencies, non-current	0	$ 0
WADOE
Site Contingency
Environmental loss contingencies			$ 500,000
PaDEP
Site Contingency
Collateralized bond	$ 2,300,000

Employee Retirement and Pensi_3

Employee Retirement and Pension Benefits - Components of Pension Benefit/ Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Retirement Benefits [Abstract]
Administrative cost	$ 1,250	$ 1,223	$ 3,750	$ 2,873
Interest cost	3,725	3,300	11,175	10,000
Expected return on plan assets	(4,650)	(5,200)	(13,950)	(14,250)
Amortization of net actuarial pension loss	2,225	2,325	6,675	8,325
Pension benefit expense	$ 2,550	$ 1,648	$ 7,650	$ 6,948

Employee Retirement and Pensi_4

Employee Retirement and Pension Benefits - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Retirement Benefits [Abstract]
Company contribution	$ 3.1	$ 1.4	$ 6.1	$ 2.7
Additional contributions by company		$ 0.1		$ 0.1
Anticipated contribution during the period	$ 1.6		$ 1.6

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Supplemental Cash Flow Elements [Abstract]
Operating leases	$ 41,812
Finance leases	86
Cash paid for amounts included in the measurement of lease liabilities	41,898
Non-cash Investing Activities:
Property, equipment and intangibles purchased in accounts payable	7,657	$ 8,331
Property, equipment and intangibles purchased for debt	29,813	13,617
Customer accounts receivable converted to notes receivable	538	110
Cash Financing Activities:
Proceeds from issuance of new debt, net of discount	124,375	38,823
Borrowings on long-term debt	6,282	142,999
Payments of long-term debt	(104,954)	(30,648)
Payments of debt issuance and extinguishment costs, including underwriting fees	(635)	(72)
Change in long-term debt	25,068	151,102
Cash paid for amounts included in the measurement of finance lease liabilities	597
Non-cash Financing Activities:
Prepaid insurance funded through short-term debt borrowings	4,948	2,757
Prepaid ERP costs funded through short-term debt borrowings	1,430	0
Shares surrendered for tax obligations for employee share-based transactions in accrued liabilities	79	379
Shares repurchased and cash not yet distributed to shareholders	0	749
Accounts payable converted to installment notes	757	10,134
Other Supplemental Cash Flow Information:
Cash taxes paid, net of refunds	21,026	37,489
Cash interest paid	$ 38,832	$ 40,833

Related Party Transactions - Na

Related Party Transactions - Narratives (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2019USD ($)	Sep. 28, 2019USD ($)lease	Sep. 29, 2018USD ($)	Sep. 28, 2019USD ($)lease	Sep. 29, 2018USD ($)	Mar. 30, 2019USD ($)
Related Party Transaction
Gain on sale of business		$ 0	$ 0	$ 2,814	$ 0
VPI
Related Party Transaction
Operating lease assets, net		3,739		3,739		$ 3,739
Affiliated Entity | Board Of Directors Member
Related Party Transaction
Gain on sale of business				$ 2,200
Sales Of Subsidiary | Affiliated Entity | Board Of Directors Member
Related Party Transaction
Proceeds from the divestiture of business	$ 6,500
Gain on sale of business		$ 2,800
Acquired Lease | Affiliated Entity | VPI
Related Party Transaction
Number of operating leases | lease		2		2
Operating lease assets, net		$ 4,000		$ 4,000		$ 3,600

Revision of Prior Period Fina_3

Revision of Prior Period Financial Statements - Schedule of Adjustments to the Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018	Sep. 29, 2018
Consolidated Balance Sheet:
Accounts receivable	$ 568,573	$ 471,843	$ 597,133
Inventories	509,444	508,499	515,641
Other current assets	47,389	48,674	53,002
Total current assets	1,257,064	1,146,639	1,317,652
Deferred tax assets		209,062	220,829
Other assets	36,570	36,926	32,951
Total assets	3,345,400	3,047,525	3,199,619
Accounts payable	281,409	249,978	277,877
Accrued payroll and benefits	123,581	115,018	138,016
Accrued expenses and other current liabilities	325,785	252,310	276,650
Total current liabilities	798,592	672,236	757,068
Deferred credits and other liabilities	66,698	72,693	74,662
Deferred credits and other liabilities		72,710
Deferred tax liabilities	10,226	10,478	13,753
Total liabilities	2,564,650	2,285,891	2,426,514
Total liabilities		2,285,908
Retained earnings	282,787	246,833	250,159
Accumulated other comprehensive loss	(172,987)	(144,805)	(134,822)
Total shareholders' equity	780,750	761,634	773,322
Total shareholders' equity		761,617	773,105
Total liabilities, convertible preferred shares, and shareholders’ equity	$ 3,345,400	3,047,525	3,199,619
As Reported
Consolidated Balance Sheet:
Accounts receivable		471,655	598,398
Inventories		513,238	519,582
Other current assets		48,961	51,371
Total current assets		1,151,477	1,321,227
Deferred tax assets		207,065	219,669
Other assets		37,615	33,653
Total assets		3,051,055	3,202,736
Accounts payable		250,281	277,756
Accrued payroll and benefits		114,784	137,402
Accrued expenses and other current liabilities		250,274	276,278
Total current liabilities		670,269	755,961
Deferred credits and other liabilities			74,032
Deferred credits and other liabilities		72,038
Deferred tax liabilities		10,457	13,969
Total liabilities			2,424,993
Total liabilities		2,283,248
Retained earnings		253,041	254,752
Accumulated other comprehensive loss		(144,823)	(134,777)
Total shareholders' equity		767,824	777,960
Total shareholders' equity		767,807	777,743
Total liabilities, convertible preferred shares, and shareholders’ equity		3,051,055	3,202,736
Correction
Consolidated Balance Sheet:
Accounts receivable		188	(1,265)
Inventories		(4,739)	(3,941)
Other current assets		(287)	1,631
Total current assets		(4,838)	(3,575)
Deferred tax assets		1,997	1,160
Other assets		(689)	(702)
Total assets		(3,530)	(3,117)
Accounts payable		(303)	121
Accrued payroll and benefits		234	614
Accrued expenses and other current liabilities		2,036	372
Total current liabilities		1,967	1,107
Deferred credits and other liabilities			630
Deferred credits and other liabilities		672
Deferred tax liabilities		21	(216)
Total liabilities			1,521
Total liabilities		2,660
Retained earnings		(6,208)	(4,593)
Accumulated other comprehensive loss		18	(45)
Total shareholders' equity		(6,190)	(4,638)
Total shareholders' equity		(6,190)	(4,638)
Total liabilities, convertible preferred shares, and shareholders’ equity		(3,530)	(3,117)
Adjustment to noncontrolling interest		$ 17	$ 217

Revision of Prior Period Fina_4

Revision of Prior Period Financial Statements - Schedule of Adjustments to Income Statement (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Consolidated Statement of Operations:
Net revenues	$ 1,091,953	$ 1,136,478	$ 3,221,200	$ 3,255,108
Cost of sales	868,168	895,003	2,549,067	2,560,945
Gross margin	223,785	241,475	672,133	694,163
Selling, general and administrative	161,424	230,291	502,109	570,498
Operating income (loss)	54,426	7,293	152,636	114,287
Other (income) expense		(8,005)		(6,669)
Income before taxes and equity earnings		(3,043)		89,891
Income tax expense (benefit)	22,500	(31,686)	45,030	(13,141)
Income from continuing operations, net of tax		28,643		103,032
Net income		28,643		103,770
Net income attributable to common shareholders	$ 17,042	$ 28,637	$ 55,175	$ 103,817
Weighted average common shares outstanding:
Basic (shares)	100,572,016	104,169,833	100,615,006	105,309,185
Diluted (shares)	101,381,976	105,937,429	101,419,770	107,477,049
Basic and diluted net income (loss) per share:
Basic (usd per share)		$ 0.27
Diluted (usd per share)		0.27
Net loss per share:
Basic (usd per share)	$ 0.17	0.27	$ 0.55	$ 0.99
Diluted (usd per share)	$ 0.17	$ 0.27	$ 0.54	$ 0.97
As Reported
Consolidated Statement of Operations:
Net revenues		$ 1,136,949		$ 3,255,625
Cost of sales		895,160		2,559,176
Gross margin		241,789		696,449
Selling, general and administrative		230,285		570,195
Operating income (loss)		7,613		116,876
Other (income) expense		(8,007)		(5,617)
Income before taxes and equity earnings		(2,721)		91,428
Income tax expense (benefit)		(31,606)		(12,442)
Income from continuing operations, net of tax		28,885		103,870
Net income		28,885		104,608
Net income attributable to common shareholders		$ 28,879		104,655
Weighted average common shares outstanding:
Basic (shares)		104,169,833
Diluted (shares)		105,937,429
Basic and diluted net income (loss) per share:
Basic (usd per share)		$ 0.28
Diluted (usd per share)		0.27
Net loss per share:
Basic (usd per share)		0.28
Diluted (usd per share)		$ 0.27
Correction
Consolidated Statement of Operations:
Net revenues		$ (471)		(517)
Cost of sales		(157)		1,769
Gross margin		(314)		(2,286)
Selling, general and administrative		6		303
Operating income (loss)		(320)		(2,589)
Other (income) expense		2		(1,052)
Income before taxes and equity earnings		(322)		(1,537)
Income tax expense (benefit)		(80)		(699)
Income from continuing operations, net of tax		(242)		(838)
Net income		(242)		(838)
Net income attributable to common shareholders		$ (242)		(838)
Weighted average common shares outstanding:
Basic (shares)		0
Diluted (shares)		0
Basic and diluted net income (loss) per share:
Basic (usd per share)		$ (0.01)
Diluted (usd per share)		0
Net loss per share:
Basic (usd per share)		(0.01)
Diluted (usd per share)		$ 0
Adjsutment to non-controlling interest		$ (6)		$ 47

Revision of Prior Period Fina_5

Revision of Prior Period Financial Statements - Schedule of Adjustments to Reconciliation of pre-tax net income (loss) to Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Segment Reporting, Other Significant Reconciling Item, Consolidated
Net income		$ 28,643		$ 103,770
Income tax expense (benefit)	$ 22,500	(31,686)	$ 45,030	(13,141)
Non-cash foreign exchange transaction/translation (income) loss	(182)	2,840	3,615	(359)
Other items				108,136
Adjusted EBITDA	$ 108,948	132,629	$ 325,808	353,153
As Reported
Segment Reporting, Other Significant Reconciling Item, Consolidated
Net income		28,885		104,608
Income tax expense (benefit)		(31,606)		(12,442)
Non-cash foreign exchange transaction/translation (income) loss		2,838		905
Other items				107,924
Adjusted EBITDA		132,949		355,742
Correction
Segment Reporting, Other Significant Reconciling Item, Consolidated
Net income		(242)		(838)
Income tax expense (benefit)		(80)		(699)
Non-cash foreign exchange transaction/translation (income) loss		2		(1,264)
Other items				212
Adjusted EBITDA		$ (320)		$ (2,589)

Revision of Prior Period Fina_6

Revision of Prior Period Financial Statements - Schedule of Adjustments to Segment Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA	$ 108,948	$ 132,629	$ 325,808	$ 353,153
As Reported
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		132,949		355,742
Correction
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		(320)		(2,589)
Operating Segments
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA	117,198	138,191	351,776	375,276
Operating Segments | As Reported
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		138,511		377,865
Operating Segments | Correction
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		(320)		(2,589)
Operating Segments | North America
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA	66,671	84,286	206,985	210,958
Operating Segments | North America | As Reported
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		84,117		210,794
Operating Segments | North America | Correction
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		169		164
Operating Segments | Europe
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA	30,184	27,713	86,810	97,340
Operating Segments | Europe | As Reported
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		28,133		99,873
Operating Segments | Europe | Correction
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		(420)		(2,533)
Operating Segments | Australasia
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA	20,343	26,192	57,981	66,978
Operating Segments | Australasia | As Reported
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		26,261		67,198
Operating Segments | Australasia | Correction
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		(69)		(220)
Corporate and Unallocated Costs
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA	$ (8,250)	(5,562)	$ (25,968)	(22,123)
Corporate and Unallocated Costs | As Reported
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		(5,562)		(22,123)
Corporate and Unallocated Costs | Correction
Error Corrections and Prior Period Adjustments Restatement
Adjusted EBITDA		$ 0		$ 0