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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 28, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Components of inventories

 

 

 
  September 28,
2013
  December 29,
2012
 

Raw materials and purchased parts

  $ 200,316   $ 199,808  

Work-in-process

    33,261     36,114  

Finished goods and manufactured goods

    236,880     222,284  
           

Subtotal

    470,457     458,206  

Less: LIFO reserve

    43,242     45,822  
           

 

  $ 427,215   $ 412,384  
           
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries

 

 

 
  Thirteen Weeks
Ended
  Thirty-nine Weeks
Ended
 
 
  2013   2012   2013   2012  

United States

  $ 66,143   $ 48,524   $ 253,564   $ 179,351  

Foreign

    36,585     36,829     100,288     74,532  
                   

 

  $ 102,728   $ 85,353   $ 353,852   $ 253,883  
                   
Schedule of components of the net periodic pension expense

 

 

 
  2013   2012  

Net periodic benefit expense:

             

Interest cost

  $ 19,593   $ 17,399  

Expected return on plan assets

    (14,723 )   (14,323 )
           

Net periodic benefit expense

  $ 4,870   $ 3,076  
           
Compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock option

 

 

 
  Thirteen Weeks
Ended
  Thirty-nine Weeks
Ended
 
 
  2013   2012   2013   2012  

Compensation expense

  $ 1,308   $ 1,245   $ 3,935   $ 3,735  

Income tax benefits

    504     479     1,515     1,438  
Schedule of Trading Securities measured at fair value

 

 

 
   
  Fair Value Measurement Using:  
 
  Carrying Value
September 28,
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

  $ 26,291   $ 26,291   $   $  


 

 
   
  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)

    (43,893 )   300     (37 )   (43,630 )
                   

Balance at September 28, 2013

  $ (13,317 ) $ (2,635 ) $ 16,260   $ 308