INCOME TAXES (Tables)

12 Months Ended

Dec. 27, 2025

INCOME TAXES

Schedule of earnings before income taxes and equity in loss of nonconsolidated subsidiaries

	Fiscal Year Ended
	December 27,		December 28,		December 30,
	2025		2024		2023
United States	$	417,532	$	328,953	$	195,491
Foreign		(39,890)		139,728		40,961
Earnings before income taxes and equity method investment loss	$	377,642	$	468,681	$	236,452

Schedule of Income Tax Expense (Benefit)

	Fiscal Year Ended
	December 27,		December 28,		December 30,
	2025		2024		2023
Current:
Federal	$	208	$	84,110	$	42,226
State		7,853		17,738		8,480
Foreign		36,329		42,150		56,107
Total current income tax expense		44,390		143,998		106,813
Non-current:		(1,330)		(1,365)		1,957
Deferred:
Federal		2,103		(21,498)		(12,585)
State		2,882		(5,261)		(2,586)
Foreign		(24,181)		2,104		(3,478)
Total deferred income tax benefit		(19,196)		(24,655)		(18,649)
Total income tax expense	$	23,864	$	117,978	$	90,121

Schedule of total income taxes paid net of refunds

	Fiscal Year Ended
	December 27,
Jurisdiction	2025
U.S. federal	$	26,484
Aggregated state and local		13,397
Foreign:
Australia		11,853
Brazil		6,468
China		4,293
Italy		7,137
Mexico		4,577
Other		10,019
Total foreign		44,347
Total net income taxes paid	$	84,228

Schedule of Reconciliation of Statutory Federal Income Tax Rate and Effective Tax Rate

	Fiscal Year Ended
	December 27, 2025
	Amount		Percent
U.S. federal statutory income tax rate	$	79,305	21.0	%
State and local income taxes, net of federal income tax effect (a)		8,141	2.2
Domestic federal:
Tax credits		(7,236)	(1.9)
Nontaxable or nondeductible items		1,559	0.4
Effect of cross-border tax laws:
Deduction for worthless securities		(66,094)	(17.5)
Other		2,878	0.7
Changes in valuation allowances		(13,119)	(3.5)
Foreign tax effects:
Australia
Goodwill impairment		6,900	1.8
Other		2,480	0.7
Brazil
Foreign jurisdictional tax rate differences		(7,610)	(2.0)
Other		3,750	1.0
Italy
Goodwill impairment		10,054	2.7
Other		(125)	(0.0)
Other foreign jurisdictions		2,944	0.8
Changes in unrecognized tax benefits		(1,330)	(0.4)
Other adjustments		1,367	0.3
Effective tax rate	$	23,864	6.3	%

(a) State taxes in Alabama, California, Georgia, Illinois, Iowa, Louisiana, Maryland, Pennsylvania, and Texas made up the majority.

	Fiscal Year Ended
	December 28,		December 30,
	2024		2023
U.S. federal statutory income tax rate	21.0	%	21.0	%
State income taxes, net of federal benefit	2.2		1.8
Carryforwards, credits and changes in valuation allowances	(1.9)		(2.4)
Foreign jurisdictional tax rate differences	1.5		4.6
Changes in unrecognized tax benefits	(0.3)		0.8
Impairment of goodwill and other intangible assets	—		11.9
Excess tax benefit on equity compensation	0.7		1.1
Loss on divestitures	0.1		—
Other	1.9		(0.7)
Effective tax rate	25.2	%	38.1	%

Schedule of Tax Effects of Significant Items Comprising Net Deferred Income Tax Liabilities

	December 27,		December 28,
	2025		2024
Deferred income tax assets:
Accrued expenses and allowances	$	45,069	$	28,099
Allowance for doubtful accounts		11,237		3,241
Tax credits and loss carryforwards		59,295		56,180
Inventory allowances		16,367		10,538
Accrued compensation and benefits		21,951		25,779
Lease liabilities		37,957		41,628
Research and development expenditures		29,549		41,214
Deferred compensation		13,598		13,351
Gross deferred income tax assets		235,023		220,030
Valuation allowance		(37,239)		(44,920)
Net deferred income tax assets		197,784		175,110
Deferred income tax liabilities:
Property, plant, and equipment		42,842		36,342
Intangible assets		48,559		48,571
Defined benefit pension asset		9,917		11,630
Lease assets		37,956		41,627
Other deferred tax liabilities		6,075		5,375
Total deferred income tax liabilities		145,349		143,545
Net deferred income tax assets	$	52,435	$	31,565

Schedule of Activity Related to Unrecognized Tax Benefits

	Fiscal Year Ended
	December 27,		December 28,
	2025		2024
Gross unrecognized tax benefits—beginning of period	$	2,707	$	4,306
Gross increases (decreases) from tax positions in prior period		(44)		44
Gross increases from current‑period tax positions		1,381		410
Settlements with taxing authorities		—		(1,277)
Lapses of statutes of limitation		(1,517)		(776)
Gross unrecognized tax benefits—end of period	$	2,527	$	2,707