SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 26, 2016

Accounting Policies [Abstract]

Components of inventories

Inventories consisted of the following:

	March 26, 2016		December 26, 2015
Raw materials and purchased parts	$	155,585	$	162,977
Work-in-process	28,663		25,644
Finished goods and manufactured goods	199,568		187,126
Subtotal	383,816		375,747
Less: LIFO reserve	33,048		35,075
	$	350,768	$	340,672

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries for the thirteen weeks ended March 26, 2016 and March 28, 2015, were as follows:

	Thirteen Weeks Ended
	2016		2015
United States	$	39,600	$	32,641
Foreign	10,844		15,804
	$	50,444	$	48,445

Schedule of components of the net periodic pension (benefit) expense

The components of the net periodic pension (benefit) expense for the thirteen weeks ended March 26, 2016 and March 28, 2015 were as follows:

	Thirteen Weeks Ended
Net periodic (benefit) expense:	2016			2015
Interest cost	$	6,448		$	6,111
Expected return on plan assets	(6,064		)	(6,261		)
Net periodic (benefit) expense	$	384		$	(150	)

Compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options

The Company's compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options for the thirteen weeks ended March 26, 2016 and March 28, 2015, respectively, were as follows:

	Thirteen Weeks Ended
	2016		2015
Compensation expense	$	1,491	$	1,350
Income tax benefits	574		520

Valuation methodologies used for assets and liabilities measured at fair value

			Fair Value Measurement Using:
	Carrying Value March 26, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	39,806	$	39,806	$	—	$	—

			Fair Value Measurement Using:
	Carrying Value December 26, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	42,697	$	42,697	$	—	$	—

Components of accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss) consisted of the following at March 26, 2016 and December 26, 2015:

	Foreign Currency Translation Adjustments			Unrealized Gain on Cash Flow Hedge		Defined Benefit Pension Plan			Accumulated Other Comprehensive Income
Balance at December 26, 2015	$	(191,928	)	$	3,678	$	(78,968	)	$	(267,218	)
Current-period comprehensive income (loss)	1,388			19		—			1,407
Balance at March 26, 2016	$	(190,540	)	$	3,697	$	(78,968	)	$	(265,811	)