SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 24, 2016

Accounting Policies [Abstract]

Components of inventories

Inventories consisted of the following:

	September 24, 2016		December 26, 2015
Raw materials and purchased parts	$	174,442	$	162,977
Work-in-process	26,079		25,644
Finished goods and manufactured goods	217,371		187,126
Subtotal	417,892		375,747
Less: LIFO reserve	38,267		35,075
	$	379,625	$	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 and thirty-nine weeks ended September 24, 2016 and September 26, 2015, were as follows:

	Thirteen Weeks Ended					Thirty-nine Weeks Ended
	2016		2015			2016		2015
United States	$	21,550	$	26,343		$	105,390	$	92,625
Foreign	22,239		(776		)	51,486		24,743
	$	43,789	$	25,567		$	156,876	$	117,368

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

The components of the net periodic pension (benefit) expense for the thirteen and thirty-nine weeks ended September 24, 2016 and September 26, 2015 were as follows:

	Thirteen Weeks Ended						Thirty-nine Weeks Ended
Net periodic (benefit) expense:	2016			2015			2016			2015
Interest cost	$	6,092		$	6,186		$	19,134		$	18,486
Expected return on plan assets	(5,565		)	(6,341		)	(17,648		)	(18,946		)
Net periodic (benefit) expense	$	527		$	(155	)	$	1,486		$	(460	)

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 and thirty-nine weeks ended September 24, 2016 and September 26, 2015, respectively, were as follows:

	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	2016		2015		2016		2015
Compensation expense	$	1,399	$	1,283	$	4,358	$	3,936
Income tax benefits	539		494		1,678		1,515

Valuation methodologies used for assets and liabilities measured at fair value

			Fair Value Measurement Using:
	Carrying Value September 24, 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	$	38,646	$	38,646	$	—	$	—

			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 September 24, 2016 and December 26, 2015:

	Foreign Currency Translation Adjustments			Gain on Hedging Activities		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)	(14,070		)	4,953		10,366			1,249
Balance at September 24, 2016	$	(205,998	)	$	8,631	$	(68,602	)	$	(265,969	)