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CASH FLOW SUPPLEMENTARY INFORMATION
 12 Months Ended
Dec. 26, 2015
Supplemental Cash Flow Elements [Abstract]  
CASH FLOW SUPPLEMENTARY INFORMATION
CASH FLOW SUPPLEMENTARY INFORMATION
The Company considers all highly liquid temporary cash investments purchased with an original maturity of three months or less at the time of purchase to be cash equivalents. Cash payments for interest and income taxes (net of refunds) for the fifty-two weeks ended December 26, 2015, December 27, 2014, and December 28, 2013 were as follows:
 
2015
 
2014
2013
Interest
$
44,974

 
$
32,601

$
32,655

Income taxes
33,046

 
111,174

167,146


Share Repurchase Programs
On May 13, 2014, the Company announced a capital allocation philosophy which increased the dividend by 50% and covered a share repurchase program of up to $500 million of the Company's outstanding common stock to be acquired from time to time over twelve months at prevailing market prices, through open market or privately-negotiated transactions. On February 24, 2015, the Board of Directors authorized an additional purchase of up to $250 million of the Company's outstanding common stock with no stated expiration date. As of December 26, 2015, the Company has acquired 4,146,637 shares for approximately $564.0 million under the share repurchase program.