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BUSINESS SEGMENTS (Tables)
12 Months Ended
Dec. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information of Sales and Operating Income

​

​

​

​

​

​

​

​

​

​

​

​

 

Fiscal Year Ended

​

 

December 30,

    

December 31,

​

December 25,

​

​

2023

​

2022

​

2021

SALES:

​

​

​

​

​

​

​

​

​

Infrastructure

​

$

3,010,067

​

$

2,928,419

​

$

2,372,100

Agriculture

​

​

1,182,223

​

​

1,346,672

​

​

1,028,717

Other

​

​

—

​

​

100,219

​

​

123,001

Total sales

​

​

4,192,290

​

​

4,375,310

​

​

3,523,818

INTERSEGMENT SALES:

​

​

​

​

​

​

​

​

​

Infrastructure

​

​

(10,430)

​

​

(18,673)

​

​

(10,576)

Agriculture

​

​

(7,262)

​

​

(11,387)

​

​

(11,667)

Total intersegment sales

​

​

(17,692)

​

​

(30,060)

​

​

(22,243)

NET SALES:

​

​

​

​

​

​

​

​

​

Infrastructure

​

​

2,999,637

​

​

2,909,746

​

​

2,361,524

Agriculture

​

​

1,174,961

​

​

1,335,285

​

​

1,017,050

Other

​

​

—

​

​

100,219

​

​

123,001

Total net sales

​

$

4,174,598

​

$

4,345,250

​

$

3,501,575

​

​

​

​

​

​

​

​

​

​

OPERATING INCOME (LOSS):

​

​

​

​

​

​

​

​

​

Infrastructure

​

​

396,253

​

​

354,499

​

​

273,598

Agriculture

​

​

16,850

​

​

179,263

​

​

137,027

Other

​

​

—

​

​

2,259

​

​

(40,192)

Corporate

​

​

(121,546)

​

​

(102,772)

​

​

(83,648)

Total operating income

​

$

291,557

​

$

433,249

​

$

286,785

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Fiscal year ended December 30, 2023

​

​

Infrastructure

    

Agriculture

    

Intersegment

    

Consolidated

Geographical market:

​

​

  

 

​

  

 

​

  

 

​

  

North America

​

$

2,318,801

​

$

587,056

​

$

(16,282)

​

$

2,889,575

International

​

 

691,266

​

 

595,167

​

 

(1,410)

​

 

1,285,023

Total sales

​

$

3,010,067

​

$

1,182,223

​

$

(17,692)

​

$

4,174,598

​

​

​

​

​

​

​

​

​

​

​

​

​

Product line:

​

 

  

​

 

  

​

 

  

​

 

  

Transmission, Distribution, and Substation

​

$

1,243,768

​

$

—

​

$

—

​

$

1,243,768

Lighting and Transportation

​

 

964,072

​

 

—

​

 

—

​

 

964,072

Coatings

​

 

354,330

​

 

—

​

 

(9,020)

​

 

345,310

Telecommunications

​

 

252,165

​

 

—

​

 

—

​

 

252,165

Solar

​

 

195,732

​

 

—

​

 

(1,410)

​

 

194,322

Irrigation Equipment and Parts

​

 

—

​

 

1,069,425

​

 

(7,262)

​

 

1,062,163

Technology Products and Services

​

 

—

​

 

112,798

​

 

—

​

 

112,798

Total sales

​

$

3,010,067

​

$

1,182,223

​

$

(17,692)

​

$

4,174,598

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Fiscal year ended December 31, 2022

​

​

Infrastructure

    

Agriculture

​

Other

    

Intersegment

    

Consolidated

Geographical market:

​

​

  

 

​

  

​

​

  

 

​

  

 

​

  

North America

​

$

2,234,339

​

$

766,929

​

$

—

​

$

(26,248)

​

$

2,975,020

International

​

 

694,080

​

 

579,743

​

 

100,219

​

 

(3,812)

​

 

1,370,230

Total sales

​

$

2,928,419

​

$

1,346,672

​

$

100,219

​

$

(30,060)

​

$

4,345,250

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Product line:

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Transmission, Distribution, and Substation

​

$

1,184,660

​

$

—

​

$

—

​

$

—

​

$

1,184,660

Lighting and Transportation

​

 

940,462

​

 

—

​

 

—

​

 

—

​

 

940,462

Coatings

​

 

356,707

​

 

—

​

 

—

​

 

(15,327)

​

 

341,380

Telecommunications

​

 

320,342

​

 

—

​

 

—

​

 

—

​

 

320,342

Solar

​

 

126,248

​

 

—

​

 

—

​

 

(3,346)

​

 

122,902

Irrigation Equipment and Parts

​

 

—

​

 

1,231,587

​

 

—

​

 

(11,387)

​

 

1,220,200

Technology Products and Services

​

 

—

​

 

115,085

​

 

—

​

 

—

​

 

115,085

Other

​

​

—

​

 

—

​

 

100,219

​

 

—

​

 

100,219

Total sales

​

$

2,928,419

​

$

1,346,672

​

$

100,219

​

$

(30,060)

​

$

4,345,250

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Fiscal year ended December 25, 2021

​

​

Infrastructure

    

Agriculture

​

Other

    

Intersegment

    

Consolidated

Geographical market:

​

​

  

 

​

  

​

​

  

 

​

  

 

​

  

North America

​

$

1,724,531

​

$

545,574

​

$

—

​

$

(22,243)

​

$

2,247,862

International

​

 

647,569

​

 

483,143

​

 

123,001

​

 

—

​

 

1,253,713

Total sales

​

$

2,372,100

​

$

1,028,717

​

$

123,001

​

$

(22,243)

​

$

3,501,575

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Product line:

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Transmission, Distribution, and Substation

​

$

935,099

​

$

—

​

$

—

​

$

—

​

$

935,099

Lighting and Transportation

​

 

825,923

​

 

—

​

 

—

​

 

—

​

 

825,923

Coatings

​

 

309,647

​

 

—

​

 

—

​

 

(10,575)

​

 

299,072

Telecommunications

​

 

238,527

​

 

—

​

 

—

​

 

—

​

 

238,527

Solar

​

 

62,904

​

 

—

​

 

—

​

 

—

​

 

62,904

Irrigation Equipment and Parts

​

 

—

​

 

930,858

​

 

—

​

 

(11,668)

​

 

919,190

Technology Products and Services

​

 

—

​

 

97,859

​

 

—

​

 

—

​

 

97,859

Other

​

​

—

​

 

—

​

 

123,001

​

 

—

​

 

123,001

Total sales

​

$

2,372,100

​

$

1,028,717

​

$

123,001

​

$

(22,243)

​

$

3,501,575

​

​

​

​

​

​

​

​

​

​

​

​

    

Fiscal Year Ended

​

​

December 30,

​

December 31,

​

December 25,

​

​

2023

    

2022

    

2021

EARNINGS BEFORE INCOME TAXES AND EQUITY IN LOSS OF NONCONSOLIDATED SUBSIDIARIES:

​

​

​

​

​

​

​

​

​

Infrastructure

​

$

396,253

​

$

354,499

​

$

273,598

Agriculture

​

 

16,850

​

 

179,263

​

 

137,027

Other

​

​

—

​

​

2,259

​

​

(40,192)

Corporate

​

 

(121,546)

​

 

(102,772)

​

 

(83,648)

Total operating income

​

 

291,557

​

 

433,249

​

 

286,785

Interest expense, net

​

 

(50,578)

​

 

(45,519)

​

 

(41,420)

Other income (expenses)

​

 

(4,527)

​

 

(23,842)

​

 

14,718

Earnings before income taxes and equity in loss of nonconsolidated subsidiaries

​

$

236,452

​

$

363,888

​

$

260,083

​

​

​

​

​

​

​

​

​

​

​

​

    

December 30,

​

December 31,

​

December 25,

​

​

2023

    

2022

    

2021

ASSETS:

​

 

  

​

 

  

​

 

  

Infrastructure

​

$

2,249,132

​

$

2,267,800

​

$

2,102,851

Agriculture

​

 

978,590

​

 

1,112,588

​

 

1,027,272

Other

​

​

—

​

​

—

​

​

67,592

Corporate

​

 

249,726

​

 

176,608

​

 

249,534

Total assets

​

$

3,477,448

​

$

3,556,996

​

$

3,447,249

​

​

​

​

​

​

​

​

​

​

​

​

    

Fiscal Year Ended

​

​

December 30,

​

December 31,

​

December 25,

​

​

2023

    

2022

    

2021

CAPITAL EXPENDITURES:

​

​

​

​

​

​

​

​

​

Infrastructure

 

$

68,295

 

$

53,228

 

$

72,129

Agriculture

 

​

10,890

 

​

32,886

 

​

17,509

Other

​

​

—

​

​

—

​

​

345

Corporate

 

​

17,586

 

​

7,174

 

​

17,807

Total capital expenditures

​

$

96,771

​

$

93,288

​

$

107,790

​

​

​

​

​

​

​

​

​

​

​

​

    

Fiscal Year Ended

​

​

December 30,

​

December 31,

​

December 25,

​

​

2023

    

2022

    

2021

DEPRECIATION AND AMORTIZATION:

​

​

​

​

​

​

​

​

​

Infrastructure

​

$

64,654

​

$

62,398

​

$

59,748

Agriculture

​

 

23,409

​

 

23,681

​

 

17,813

Other

​

​

—

​

​

1,393

​

​

5,988

Corporate

​

 

10,645

​

 

9,695

​

 

9,028

Total depreciation and amortization expense

​

$

98,708

​

$

97,167

​

$

92,577

Summary by Geographical Area by Location

​

​

​

​

​

​

​

​

​

​

​

​

    

Fiscal Year Ended

​

​

December 30,

​

December 31,

​

December 25,

​

​

2023

    

2022

    

2021

NET SALES:

​

​

​

​

​

​

​

​

​

United States

​

$

2,860,951

​

$

2,965,673

​

$

2,260,198

Australia

​

 

313,075

​

 

292,072

​

 

297,720

Brazil

​

 

311,367

​

 

354,497

​

 

200,402

Denmark

​

 

—

​

 

100,219

​

 

123,001

Other

​

 

689,205

​

 

632,789

​

 

620,254

Total net sales

​

$

4,174,598

​

$

4,345,250

​

$

3,501,575

​

​

​

​

​

​

​

​

​

​

​

​

    

December 30,

​

December 31,

​

December 25,

​

​

2023

    

2022

    

2021

LONG-LIVED ASSETS:

​

 

  

​

 

  

​

 

  

United States

​

$

1,116,962

​

$

1,246,956

​

$

1,172,552

Australia

​

 

103,847

​

 

82,290

​

 

173,240

Brazil

​

 

60,937

​

 

42,259

​

 

28,583

Denmark

​

 

—

​

 

—

​

 

21,232

Other

​

 

408,073

​

 

404,906

​

 

338,879

Total long-lived assets

​

$

1,689,819

​

$

1,776,411

​

$

1,734,486