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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 28, 2019
Accounting Policies [Abstract]  
Components of inventories
Inventories consisted of the following:
 
September 28,
2019
 
December 29,
2018
Raw materials and purchased parts
$
172,064

 
$
190,115

Work-in-process
34,696

 
35,566

Finished goods and manufactured goods
218,620

 
211,504

Subtotal
425,380

 
437,185

Less: LIFO reserve
48,080

 
53,619

 
$
377,300

 
$
383,566
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries
Earnings before income taxes for the thirteen and thirty-nine weeks ended September 28, 2019 and September 29, 2018, were as follows:    
 
Thirteen weeks ended
 
Thirty-nine weeks ended
 
2019
 
2018
 
2019
 
2018
United States
$
44,897

 
$
15,596

 
$
134,417

 
$
99,697

Foreign
11,129

 
486

 
27,798

 
18,482

 
$
56,026

 
$
16,082

 
$
162,215

 
$
118,179
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 28, 2019 and September 29, 2018 were as follows:
 
Thirteen weeks ended
 
Thirty-nine weeks ended
Net periodic (benefit) expense:
2019
 
2018
 
2019
 
2018
Interest cost
$
4,075

 
$
4,400

 
$
12,602

 
$
13,602

Expected return on plan assets
(4,815
)
 
(5,704
)
 
(14,893
)
 
(17,633
)
Amortization of actuarial loss
617

 
750

 
1,909

 
2,318

Net periodic expense (benefit)
$
(123
)
 
$
(554
)
 
$
(382
)
 
$
(1,713
)
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 and thirty-nine weeks ended September 28, 2019 and September 29, 2018, respectively, were as follows:
(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
Thirteen weeks ended
 
Thirty-nine weeks ended
 
2019
 
2018
 
2019
 
2018
Compensation expense
$
2,519

 
$
2,702

 
$
8,889

 
$
8,076

Income tax benefits
630

 
676

 
2,222

 
2,019
Valuation methodologies used for assets and liabilities measured at fair value
 
 
 
Fair Value Measurement Using:
 
Carrying Value September 28, 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
$
35,224

 
$
35,224

 
$
—

 
$
—

Derivative financial instruments, net
9,408

 
—

 
9,408

 
—

 
 
 
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 September 28, 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)
(19,814
)
 
6,282

 
—

 
(13,532
)
Balance at September 28, 2019
$
(250,075
)
 
$
17,453

 
$
(84,095
)
 
$
(316,717
)
Disaggregation of revenue A breakdown by segment of revenue recognized over time and at a point in time for the thirteen and thirty-nine weeks ended September 28, 2019 and September 29, 2018 is as follows:
 
Point in Time
 
Over Time
 
Point in Time
 
Over Time
 
Thirteen weeks ended September 28, 2019
 
Thirteen weeks ended September 28, 2019
 
Thirty-nine weeks ended September 28, 2019
 
Thirty-nine weeks ended September 28, 2019
Utility Support Structures
$
3,418

 
$
200,778

 
$
43,642

 
$
612,821

Engineered Support Structures
252,501

 
13,993

 
713,574

 
38,454

Coatings
76,922

 
—

 
228,242

 
—

Irrigation
139,093

 
3,635

 
436,907

 
9,710

  Total
$
471,934

 
$
218,406

 
$
1,422,365

 
$
660,985


 
Point in Time
 
Over Time
 
Point in Time
 
Over Time
 
Thirteen weeks ended September 29, 2018
 
Thirteen weeks ended September 29, 2018
 
Thirty-nine weeks ended September 29, 2018
 
Thirty-nine weeks ended September 29, 2018
Utility Support Structures
$
6,090

 
$
211,853

 
$
6,090

 
$
618,243

Engineered Support Structures
235,948

 
12,483

 
680,863

 
29,525

Coatings
74,547

 
—

 
217,544

 
—

Irrigation
134,710

 
3,061

 
475,744

 
8,692

Other
—

 
—

 
23,080

 
—

  Total
$
451,295

 
$
227,397

 
$
1,403,321

 
$
656,460