INCOME TAXES (Tables)

12 Months Ended

Dec. 25, 2021

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:    

	2021		2020		2019
United States	$	202,051	$	169,281	$	166,108
Foreign	58,032		23,487		33,750
	$	260,083	$	192,768	$	199,858

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of:

	2021		2020		2019
Current:
Federal	$	30,031	$	30,431	$	27,809
State	8,891		8,302		5,568
Foreign	20,644		12,730		13,130
	59,566		51,463		46,507
Non-current:	1,777		(451)		(240)
Deferred:
Federal	4,587		(6,086)		47
State	558		(822)		160
Foreign	(5,074)		5,511		1,279
	71		(1,397)		1,486
	$	61,414	$	49,615	$	47,753

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:

	2021		2020		2019
Statutory federal income tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	2.9		3.5		2.5
Carryforwards, credits and changes in valuation allowances	1.5		(1.6)		(1.0)
Foreign tax rate differences	(0.1)		(1.7)		0.3
Changes in unrecognized tax benefits	0.7		0.2		(0.1)
Goodwill and intangible impairment	—		2.4		—
Other	(2.4)		1.9		1.2
	23.6	%	25.7	%	23.9	%

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 assets/liabilities are as follows:

	2021		2020
Deferred income tax assets:
Accrued expenses and allowances	$	21,241	$	17,203
Tax credits and loss carryforwards	83,690		81,912
Defined benefit pension liability	134		30,623
Inventory allowances	2,818		—
Accrued compensation and benefits	24,302		23,545
Lease liabilities	41,128		23,715
Deferred compensation	10,893		13,883
Gross deferred income tax assets	184,206		190,881
Valuation allowance	(54,256)		(44,451)
Net deferred income tax assets	129,950		146,430
Deferred income tax liabilities:
Property, plant and equipment	37,686		35,701
Intangible assets	48,244		43,699
Inventory allowances	—		5,705
Lease assets	41,128		23,715
Other deferred tax liabilities	5,041		5,248
Total deferred income tax liabilities	132,099		114,068
Net deferred income tax asset (liability)	$	(2,149)	$	32,362

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	2021		2020
Other assets	$	45,700	$	74,051
Deferred income taxes	(47,849)		(41,689)
Net deferred income tax asset (liability)	$	(2,149)	$	32,362

Schedule of Activity Related to Unrecognized Tax Benefits

The following summarizes the activity related to our unrecognized tax benefits in 2021 and 2020, in thousands:

	2021		2020
Gross unrecognized tax benefits—beginning of year	$	1,864	$	2,300
Gross increases—tax positions in prior period	1,315		—
Gross decreases—tax positions in prior period	(6)		(1)
Gross increases—current‑period tax positions	240		398
Settlements with taxing authorities	—		(183)
Lapse of statute of limitations	(749)		(650)
Gross unrecognized tax benefits—end of year	$	2,664	$	1,864