BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 25, 2022

Accounting Policies [Abstract]

Components of inventories

Inventories consisted of the following:

	June 25, 2022		December 25, 2021
Raw materials and purchased parts	$	309,372	$	278,107
Work-in-process	72,632		63,628
Finished goods and manufactured goods	404,596		387,099
Total Inventory	$	786,600	$	728,834

Earnings before income taxes

Earnings before income taxes for the thirteen and twenty-six weeks ended June 25, 2022 and June 26, 2021, were as follows:    

	Thirteen weeks ended				Twenty-six weeks ended
	2022		2021		2022		2021
United States	$	62,214	$	57,090	$	123,031	$	108,245
Foreign	45,135		20,666		70,703		40,374
	$	107,349	$	77,756	$	193,734	$	148,619

Schedule of components of the net periodic pension (benefit) expense

The components of the net periodic pension (benefit) expense for the thirteen and twenty-six weeks ended June 25, 2022 and June 26, 2021 were as follows:

	Thirteen weeks ended				Twenty-six weeks ended
Net periodic (benefit) expense:	2022		2021		2022		2021
Interest cost	$	3,157	$	2,530	$	6,522	$	5,027
Expected return on plan assets	(5,818)		(7,097)		(12,020)		(14,102)
Amortization of actuarial loss	124		843		256		1,675
Net periodic benefit	$	(2,537)	$	(3,724)	$	(5,242)	$	(7,400)

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 twenty-six weeks ended June 25, 2022 and June 26, 2021, respectively, were as follows:

	Thirteen weeks ended				Twenty-six weeks ended
	2022		2021		2022		2021
Compensation expense	$	10,120	$	4,277	$	19,583	$	8,948
Income tax benefits	2,530		1,069		4,896		2,237

Valuation methodologies used for assets and liabilities measured at fair value

			Fair Value Measurement Using:
	Carrying Value June 25, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	28,476	$	28,476	$	—	$	—
Derivative financial instruments, net	3,432		—		3,432		—

			Fair Value Measurement Using:
	Carrying Value December 25, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets (Liabilities):
Trading Securities	$	30,076	$	30,076	$	—	$	—
Derivative financial instruments, net	(4,007)		—		(4,007)		—

Components of accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss) consisted of the following at June 25, 2022 and December 25, 2021:

	Foreign Currency Translation Adjustments		Gain on Hedging Activities		Defined Benefit Pension Plan		Accumulated Other Comprehensive Loss
Balance at December 25, 2021	$	(243,350)	$	15,777	$	(35,554)	$	(263,127)
Current-period comprehensive income (loss)	(31,112)		5,799		256		(25,057)
Balance at June 25, 2022	$	(274,462)	$	21,576	$	(35,298)	$	(288,184)