DEFINED BENEFIT RETIREMENT PLAN (Tables)

12 Months Ended

Dec. 30, 2017

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Schedule of changes in PBO and fair value of plan assets for pension plan

Projected Benefit Obligation and Fair Value of Plan Assets—The accumulated benefit obligation (ABO) is the present value of benefits earned to date, assuming no future compensation growth.

As there are no active employees in the plan, the ABO is equal to the PBO for all years presented. The underfunded ABO represents the difference between the PBO and the fair value of plan assets.

Changes in the PBO and fair value of plan assets for the pension plan for the period from December 31, 2015 to December 31, 2016 were as follows:

	Projected Benefit Obligation			Plan Assets			Funded status
Fair Value at December 31, 2015	$	697,449		$	518,126		$	(179,323	)
Employer contributions	—			1,426
Interest cost	23,496			—
Actual return on plan assets	—			80,538
Benefits paid	(17,792		)	(17,792		)
Actuarial loss	125,765			—
Currency translation	(132,781		)	(95,631		)
Fair Value at December 31, 2016	$	696,137		$	486,667		$	(209,470	)

(18) DEFINED BENEFIT RETIREMENT PLAN (Continued)

Changes in the PBO and fair value of plan assets for the pension plan for the period from December 31, 2016 to December 31, 2017 were as follows:

	Projected Benefit Obligation			Plan Assets			Funded status
Fair Value at December 31, 2016	$	696,137		$	486,667		$	(209,470	)
Employer contributions	—			40,245
Interest cost	18,152			—
Actual return on plan assets	—			40,842
Benefits paid	(22,172		)	(22,172		)
Actuarial loss	25,154			—
Currency translation	66,030			48,167
Fair Value at December 31, 2017	$	783,301		$	593,749		$	(189,552	)

Schedule of pre-tax amounts recognized in accumulated other comprehensive income (loss)

Balance December 26, 2015	$	(106,959	)
Actuarial loss	(66,957		)
Currency translation gain	17,038
Balance December 31, 2016	(156,878		)
Actuarial loss	(1,789		)
Currency translation loss	(9,583		)
Balance December 30, 2017	$	(168,250	)

Schedule of weighted-average actuarial assumptions used to determine the benefit obligation

Percentages	2017		2016
Discount rate	2.55	%	2.80	%
Salary increase	N/A		N/A
CPI inflation	2.20	%	2.25	%
RPI inflation	3.30	%	3.15	%

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

	2017			2016
Net Periodic Benefit Cost:
Interest cost	18,152			23,496
Expected return on plan assets	(20,486		)	(22,986		)
Amortization of actuarial loss	2,982			1,360
Net periodic benefit expense (benefit)	$	648		$	1,870

Schedule of weighted-average actuarial assumptions used to determine expense

Percentages	2017		2016
Discount rate	2.80	%	3.75	%
Expected return on plan assets	4.22	%	5.15	%
CPI Inflation	2.25	%	2.15	%
RPI Inflation	3.35	%	3.35	%

Schedule of expected pension benefit payments

2018	$	23,879
2019	24,689
2020	25,500
2021	26,308
2022	27,117
Years 2023 - 2027	149,078

Schedule of pension plan assets measured at fair value on a recurring basis

December 31, 2017	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Plan assets at fair value:
Temporary cash investments	$	17,915	$	—	$	—	$	17,915
Corporate stock	536		—		—		536
Total plan net assets at fair value	$	18,451	$	—	$	—	$	18,451
Plan assets at NAV:
Leveraged inflation-linked gilt funds							158,011
Corporate bonds							88,905
Corporate stock							212,505
Diversified growth funds							115,877
Total plan assets at NAV							575,298
Total plan assets							$	593,749

December 31, 2016	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Plan assets at fair value:
Temporary cash investments	$	1,900	$	—	$	—	$	1,900
Corporate stock	480		—		—		480
Total plan net assets at fair value	$	2,380	$	—	$	—	$	2,380
Plan assets at NAV:
Index-linked gilts							135,141
Corporate bonds							83,834
Corporate stock							165,338
Diversified growth funds							99,974
Total plan assets at NAV							484,287
Total plan assets							$	486,667