INCOME TAXES (Tables)

12 Months Ended

Dec. 26, 2020

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:

	2020		2019		2018
United States	$	169,281	$	166,108	$	137,744
Foreign	23,487		33,750		15,589
	$	192,768	$	199,858	$	153,333

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of:

	2020		2019		2018
Current:
Federal	$	30,431	$	27,809	$	21,106
State	8,302		5,568		6,585
Foreign	12,730		13,130		17,559
	51,463		46,507		45,250
Non-current:	(451)		(240)		(456)
Deferred:
Federal	(6,086)		47		2,290
State	(822)		160		405
Foreign	5,511		1,279		(1,881)
	(1,397)		1,486		814
	$	49,615	$	47,753	$	45,608

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:

	2020		2019		2018
Statutory federal income tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	3.5		2.5		3.5
Carryforwards, credits and changes in valuation allowances	(1.6)		(1.0)		3.2
Foreign tax rate differences	(1.7)		0.3		(1.0)
Changes in unrecognized tax benefits	0.2		(0.1)		(0.3)
Goodwill and intangible impairment	2.4		—		2.2
Effects of 2017 Tax Act	—		—		(0.5)
Other	1.9		1.2		1.7
	25.7	%	23.9	%	29.7	%

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:

	2020		2019
Deferred income tax assets:
Accrued expenses and allowances	$	17,203	$	16,148
Tax credits and loss carryforwards	81,912		64,116
Defined benefit pension liability	30,623		35,539
Accrued compensation and benefits	23,545		14,122
Lease liabilities	23,715		21,763
Deferred compensation	13,883		15,174
Gross deferred income tax assets	190,881		166,862
Valuation allowance	(44,451)		(35,215)
Net deferred income tax assets	146,430		131,647
Deferred income tax liabilities:
Property, plant and equipment	35,701		31,628
Intangible assets	43,699		49,686
Inventory allowances	5,705		5,352
Lease assets	23,715		22,066
Other deferred tax liabilities	5,248		6,067
Total deferred income tax liabilities	114,068		114,799
Net deferred income tax asset	$	32,362	$	16,848

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	2020		2019
Other assets	$	74,051	$	75,754
Deferred income taxes	(41,689)		(58,906)
Net deferred income tax asset	$	32,362	$	16,848

Schedule of Activity Related to Unrecognized Tax Benefits

The following summarizes the activity related to our unrecognized tax benefits in 2020 and 2019, in thousands:

	2020		2019
Gross unrecognized tax benefits—beginning of year	$	2,300	$	2,599
Gross increases—tax positions in prior period	—		29
Gross decreases—tax positions in prior period	(1)		—
Gross increases—current‑period tax positions	398		593
Settlements with taxing authorities	(183)		(150)
Lapse of statute of limitations	(650)		(771)
Gross unrecognized tax benefits—end of year	$	1,864	$	2,300