SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 30, 2019

Accounting Policies [Abstract]

Components of inventories

Inventories consisted of the following:

	March 30, 2019		December 29, 2018
Raw materials and purchased parts	$	194,396	$	190,115
Work-in-process	31,091		35,566
Finished goods and manufactured goods	223,430		211,504
Subtotal	448,917		437,185
Less: LIFO reserve	53,118		53,619
	$	395,799	$	383,566

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries

Earnings before income taxes for the thirteen weeks ended March 30, 2019 and March 31, 2018, were as follows:    

	Thirteen Weeks Ended
	2019		2018
United States	$	42,251	$	41,765
Foreign	7,631		11,247
	$	49,882	$	53,012

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 30, 2019 and March 31, 2018 were as follows:

	Thirteen Weeks Ended
Net periodic (benefit) expense:	2019			2018
Interest cost	$	4,345		$	4,716
Expected return on plan assets	(5,135		)	(6,114		)
Amortization of actuarial loss	658			804
Net periodic expense (benefit)	$	(132	)	$	(594	)

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 and restricted stock for the thirteen weeks ended March 30, 2019 and March 31, 2018, respectively, were as follows:

(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

	Thirteen Weeks Ended
	2019		2018
Compensation expense	$	3,670	$	2,775
Income tax benefits	918		694

Valuation methodologies used for assets and liabilities measured at fair value

			Fair Value Measurement Using:
	Carrying Value March 30, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	43,206	$	43,206	$	—	$	—
Derivative financial instruments, net	13,743		—		13,743		—

			Fair Value Measurement Using:
	Carrying Value December 29, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	40,024	$	40,024	$	—	$	—
Derivative financial instruments, net	9,147		—		9,147		—

Components of accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss) consisted of the following at March 30, 2019 and December 29, 2018:

	Foreign Currency Translation Adjustments			Gain/(Loss) on Hedging Activities		Defined Benefit Pension Plan			Accumulated Other Comprehensive Loss
Balance at December 29, 2018	$	(230,261	)	$	11,171	$	(84,095	)	$	(303,185	)
Current-period comprehensive income (loss)	2,131			2,314		—			4,445
Balance at March 30, 2019	$	(228,130	)	$	13,485	$	(84,095	)	$	(298,740	)

Disaggregation of Revenue

Disaggregation of revenue by product line is disclosed in the Segment footnote. A breakdown by segment of revenue recognized over time and at a point in time for the thirteen weeks endedMarch 30, 2019 and March 31, 2018 is as follows:

	Point in Time		Over Time		Point in Time		Over Time
	Thirteen weeks ended March 30, 2019		Thirteen weeks ended March 30, 2019		Thirteen weeks ended March 31, 2018		Thirteen weeks ended March 31, 2018
Utility Support Structures	$	30,292	$	212,966	$	—	$	209,859
Engineered Support Structures	218,980		8,989		207,194		8,722
Coatings	70,231		—		68,458		—
Irrigation	147,858		2,823		183,234		2,818
Other	—		—		18,399		—
Total	$	467,361	$	224,778	$	477,285	$	221,399