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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 27, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Components of inventories
 
   September 27,
2014		   December 28,
2013		  

Raw materials and purchased parts

   $ 185,573   $ 179,576  

Work-in-process

     29,954     27,294  

Finished goods and manufactured goods

     216,498     218,334  
           
​ ​ ​ ​ ​ ​ ​ ​

Subtotal

     432,025     425,204  

Less: LIFO reserve

     47,380     45,204  
           
​ ​ ​ ​ ​ ​ ​ ​

 

   $ 384,645   $ 380,000  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries
 
   Thirteen Weeks
Ended		   Thirty-nine Weeks
Ended		  
 
   2014   2013   2014   2013  

United States

   $ 4,844   $ 66,143   $ 141,635   $ 253,564  

Foreign

     34,671     36,585     84,410     100,288  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 39,515   $ 102,728   $ 226,045   $ 353,852  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Schedule of components of the net periodic pension expense

 

 

 
   Thirteen Weeks
Ended		   Thirty-nine Weeks
Ended		  
 
   2014   2013   2014   2013  

Net periodic benefit expense:

                          

Interest cost

   $ 7,274   $ 6,535   $ 21,783   $ 19,593  

Expected return on plan assets

     (6,605 )   (4,910 )   (19,780 )   (14,723 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net periodic benefit expense

   $ 669   $ 1,625   $ 2,003   $ 4,870  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options

 

 

 
   Thirteen Weeks
Ended		   Thirty-nine Weeks
Ended		  
 
   2014   2013   2014   2013  

Compensation expense

   $ 1,242   $ 1,308   $ 3,767   $ 3,935  

Income tax benefits

     478     504     1,450     1,515  
Valuation methodologies used for assets and liabilities measured at fair value

 

 

 
    
   Fair Value Measurement Using:  
 
   Carrying Value
September 27,
2014		   Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		   Significant Other
Observable
Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		  

Assets:

                          

Trading Securities

   $ 44,603   $ 44,603   $ —   $ —  

 

 
    
   Fair Value Measurement Using:  
 
   Carrying Value
December 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

   $ 41,043   $ 41,043   $ —   $ —  
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 28, 2013

   $ (20,165 ) $ (2,535 ) $ (24,985 ) $ (47,685 )

Current-period comprehensive income (loss)

     (30,925 )   6,270     269     (24,386 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance at September 27, 2014

   $ (51,090 ) $ 3,735   $ (24,716 ) $ (72,071 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​