DEFINED BENEFIT RETIREMENT PLAN (Tables)

12 Months Ended

Dec. 27, 2014

DEFINED BENEFIT RETIREMENT PLAN

Schedule of changes in PBO and fair value of plan assets for pension plan

Changes in the PBO and fair value of plan assets for the pension plan for the period from December 29, 2012 to December 28, 2013 were as follows:

	Projected Benefit Obligation			Plan Assets			Funded status
Fair Value at December 29, 2012	$	597,767		$	485,724		$	(112,043	)
Employer contributions		—			17,619
Interest cost		26,431			—
Actual return on plan assets		—			7,676
Settlements		(12,981	)		(12,981	)
Benefits paid		(11,573	)		(11,573	)
Actuarial loss		37,235			—
Currency translation		14,978			10,995
Fair Value at December 28, 2013	$	651,857		$	497,460		$	(154,397	)

        Changes in the PBO and fair value of plan assets for the pension plan for the period from December 28, 2013 to December 27, 2014 were as follows:

	Projected Benefit Obligation			Plan Assets			Funded status
Fair Value at December 28, 2013	$	651,857		$	497,460		$	(154,397	)
Employer contributions		—			18,173
Interest cost		28,667			—
Actual return on plan assets		—			72,820
Benefits paid		(14,498	)		(14,498	)
Actuarial loss		66,889			—
Currency translation		(40,632	)		(31,796	)
Fair Value at December 27, 2014	$	692,283		$	542,159		$	(150,124	)

Schedule of pre-tax amounts recognized in accumulated other comprehensive income (loss)

Balance December 29, 2012	$	12,617
Actuarial loss		(49,421	)
Currency translation loss		(2,004	)
Balance December 28, 2013		(38,808	)
Actuarial loss		(18,980	)
Currency translation gain		1,835
Balance December 27, 2014	$	(55,953	)

Schedule of weighted-average actuarial assumptions used to determine the benefit obligation

Percentages	2014			2013
Discount rate		3.65	%		4.45	%
Salary increase		N/A			N/A
CPI inflation		2.10	%		2.70	%
RPI inflation		3.20	%		3.60	%

Schedule of components of the net periodic pension expense

	2014			2013
Net Periodic Benefit Cost:
Interest cost		28,667			26,431
Expected return on plan assets		(26,029	)		(19,862	)
Net periodic benefit expense	$	2,638		$	6,569

Schedule of weighted-average actuarial assumptions used to determine expense

Percentages	2014			2013
Discount rate		4.45	%		4.60	%
Expected return on plan assets		5.50	%		4.20	%
RPI Inflation		3.60	%		3.20	%
CPI Inflation		2.70	%		2.70	%

Schedule of expected pension benefit payments

2015	$	14,000
2016		14,500
2017		14,935
2018		15,400
2019		15,870
Years 2020 - 2024		86,341

Schedule of pension plan assets measured at fair value on a recurring basis

December 27, 2014	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Plan net assets:
Temporary cash investments	$	—	$	12,320	$	—	$	12,320
Index-linked gilts		—		135,229		—		135,229
Corporate bonds		—		107,880		—		107,880
Corporate stock		—		176,010		—		176,010
Diversified growth funds		—		110,720		—		110,720
Total plan net assets at fair value	$	—	$	542,159	$	—	$	542,159

December 28, 2013	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Plan net assets:
Temporary cash investments	$	—	$	10,791	$	—	$	10,791
Index-linked gilts		—		112,208		—		112,208
Corporate bonds		—		166,604		—		166,604
Corporate stock		—		141,029		—		141,029
Diversified growth funds		—		66,828		—		66,828
Total plan net assets at fair value	$	—	$	497,460	$	—	$	497,460