INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2019

Income Tax Disclosure [Abstract]

Schedule of income before income tax, domestic and foreign

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries are as follows:

	2019		2018		2017
United States	$	175,923	$	127,852	$	152,372
Foreign	33,750		15,589		76,092
	$	209,673	$	143,441	$	228,464

Schedule of income tax expense (benefit)

Income tax expense (benefit) consists of:

	2019			2018			2017
Current:
Federal	$	27,809		$	21,106		$	49,324
State	5,568			6,585			4,415
Foreign	13,130			17,559			12,880
	46,507			45,250			66,619
Non-current:	(240		)	(456		)	(229		)
Deferred:
Federal	2,108			213			(9,626		)
State	553			9			(385		)
Foreign	1,279			(1,881		)	49,766
	3,940			(1,659		)	39,755
	$	50,207		$	43,135		$	106,145

Schedule of reconciliation of statutory federal income tax rate and effective tax rate

The reconciliations of the statutory federal income tax rate and the effective tax rate follows:

	2019		2018		2017
Statutory federal income tax rate	21.0	%	21.0	%	35.0	%
State income taxes, net of federal benefit	2.5		3.5		1.4
Carryforwards, credits and changes in valuation allowances	(1.0	)	3.2		(1.4	)
Foreign tax rate differences	0.3		(1.0	)	(4.1	)
Changes in unrecognized tax benefits	(0.1	)	(0.3	)	(0.1	)
Domestic production activities deduction	—		—		(2.1	)
Goodwill impairment	—		2.2		—
Effects of 2017 Tax Act	—		(0.5	)	18.4
Other	1.3		2.0		(0.6	)
	24.0	%	30.1	%	46.5	%

Schedule of tax effects of significant items comprising net deferred income tax liabilities

The tax effects of significant items comprising the Company’s net deferred income tax liabilities are as follows:

	2019			2018
Deferred income tax assets:
Accrued expenses and allowances	$	16,148		$	8,268
Tax credits and loss carryforwards	64,116			56,867
Defined benefit pension liability	35,539			36,328
Inventory allowances	5,599			3,320
Accrued compensation and benefits	14,122			13,122
Lease liabilities	21,763			—
Deferred compensation	15,174			16,228
Gross deferred income tax assets	172,461			134,133
Valuation allowance	(35,215		)	(33,228		)
Net deferred income tax assets	137,246			100,905
Deferred income tax liabilities:
Property, plant and equipment	31,628			25,477
Intangible assets	49,686			44,850
Lease assets	22,066			—
Other deferred tax liabilities	6,067			7,291
Total deferred income tax liabilities	109,447			77,618
Net deferred income tax asset	$	27,799		$	23,287

Schedule of deferred income tax assets (liabilities) presented on the Consolidated Balance Sheets

Deferred income tax assets (liabilities) are presented as follows on the Consolidated Balance Sheets:

Balance Sheet Caption	2019			2018
Other assets	$	75,754		$	66,776
Deferred income taxes	(47,955		)	(43,489		)
Net deferred income tax asset	$	27,799		$	23,287

Schedule of activity related to unrecognized tax benefits

The following summarizes the activity related to our unrecognized tax benefits in 2019 and 2018, in thousands:

	2019			2018
Gross unrecognized tax benefits—beginning of year	$	2,599		$	3,196
Gross increases—tax positions in prior period	29			103
Gross decreases—tax positions in prior period	—			(199		)
Gross increases—current‑period tax positions	593			280
Settlements with taxing authorities	(150		)	(50		)
Lapse of statute of limitations	(771		)	(731		)
Gross unrecognized tax benefits—end of year	$	2,300		$	2,599