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

9 Months Ended

Sep. 24, 2022

Accounting Policies [Abstract]

Components of inventories

Inventories consisted of the following:

	September 24,		December 25,
	2022		2021
Raw materials and purchased parts	$	274,713	$	278,107
Work-in-process		77,806		63,628
Finished goods and manufactured goods		393,763		387,099
Total Inventory	$	746,282	$	728,834

Earnings before income taxes

Earnings before income taxes for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, were as follows:

	Thirteen weeks ended				Thirty-nine weeks ended
	2022		2021		2022		2021
United States	$	41,146	$	47,784	$	164,177	$	156,028
Foreign		59,625		20,909		130,328		61,284
	$	100,771	$	68,693	$	294,505	$	217,312

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 24, 2022 and September 25, 2021 were as follows:

	Thirteen weeks ended				Thirty-nine weeks ended
Net periodic (benefit) expense:	2022		2021		2022		2021
Interest cost	$	2,930	$	2,479	$	9,452	$	7,508
Expected return on plan assets		(5,400)		(6,957)		(17,420)		(21,061)
Amortization of actuarial loss		115		827		371		2,502
Net periodic benefit	$	(2,355)	$	(3,651)	$	(7,597)	$	(11,051)

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 24, 2022 and September 25, 2021, respectively, were as follows:

	Thirteen weeks ended				Thirty-nine weeks ended
	2022		2021		2022		2021
Compensation expense	$	10,415	$	8,947	$	29,998	$	17,895
Income tax benefits		2,604		2,237		7,500		4,474

Valuation methodologies used for assets and liabilities measured at fair value

			Fair Value Measurement Using:
			Quoted Prices in		Significant Other		Significant
			Active Markets		Observable		Unobservable
	Carrying Value		for Identical		Inputs		Inputs
	September 24, 2022		Assets (Level 1)		(Level 2)		(Level 3)
Assets:
Trading securities	$	23,839	$	23,839	$	—	$	—
Derivative financial instruments, net	$	8,690	$	—	$	8,690	$	—
Marketable securities	$	6,292	$	—	$	6,292	$	—

			Fair Value Measurement Using:
			Quoted Prices in		Significant Other		Significant
	Carrying Value		Active Markets		Observable		Unobservable
	December 25,		for Identical		Inputs		Inputs
	2021		Assets (Level 1)		(Level 2)		(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)

	Foreign						Accumulated
	Currency		Gain on		Defined		Other
	Translation		Hedging		Benefit		Comprehensive
	Adjustments		Activities		Pension Plan		Loss
Balance at December 25, 2021	$	(243,350)	$	15,777	$	(35,554)	$	(263,127)
Current-period comprehensive income (loss)		(76,052)		10,688		371		(64,993)
Balance at September 24, 2022	$	(319,402)	$	26,465	$	(35,183)	$	(328,120)