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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 30, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	March 30, 2013		December 29, 2012

Raw materials and purchased parts	$	212,124	$	199,808
Work-in-process		35,917		36,114
Finished goods and manufactured goods		247,733		222,284

Subtotal		495,774		458,206
Less: LIFO reserve		44,517		45,822

	$	451,257	$	412,384

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries

	2013		2012

United States	$	89,384	$	62,695
Foreign		23,525		15,971

	$	112,909	$	78,666

Schedule of components of the net periodic pension expense

	2013			2012

Net Periodic Benefit Cost:
Interest cost	$	6,571		$	5,773
Expected return on plan assets		(4,938	)		(4,752	)

Net periodic benefit expense	$	1,633		$	1,021

Compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock option

	2013		2012

Compensation expense	$	1,313	$	1,245
Income tax benefits		506		479

Schedule of Trading Securities measured at fair value

			Fair Value Measurement Using:

	Carrying Value March 30, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	24,071	$	24,071	$	—	$	—

			Fair Value Measurement Using:

	Carrying Value December 29, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	20,087	$	20,087	$	—	$	—

Components of accumulated other comprehensive income (loss)

	Foreign Currency Translation Adjustments			Unrealized Loss on Cash Flow Hedge			Defined Benefit Pension Plan			Accumulated Other Comprehensive Income

Balance at December 29, 2012	$	30,576		$	(2,935	)	$	16,297		$	43,938
Current-period comprehensive income (loss)		(12,603	)		100			(936	)		(13,439	)

Balance at March 30, 2013	$	17,973		$	(2,835	)	$	15,361		$	30,499

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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