SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 27, 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Components of inventories

	June 27, 2015		December 27, 2014
Raw materials and purchased parts	$	182,927	$	179,093
Work-in-process		26,286		27,835
Finished goods and manufactured goods		209,777		199,772
Subtotal		418,990		406,700
Less: LIFO reserve		39,093		47,178
	$	379,897	$	359,522

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries

	Thirteen Weeks Ended				Twenty-six Weeks Ended
	2015		2014		2015		2014
United States	$	33,641	$	65,096	$	66,282	$	136,790
Foreign		9,715		34,856		25,519		49,740
	$	43,356	$	99,952	$	91,801	$	186,530

Schedule of components of the net periodic pension expense

	Thirteen Weeks Ended						Twenty-six Weeks Ended
	2015			2014			2015			2014
Net periodic (benefit) expense:
Interest cost	$	6,189		$	7,312		$	12,300		$	14,509
Expected return on plan assets		(6,344	)		(6,640	)		(12,605	)		(13,175	)
Net periodic (benefit) expense	$	(155	)	$	672		$	(305	)	$	1,334

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

	Thirteen Weeks Ended				Twenty-six Weeks Ended
	2015		2014		2015		2014
Compensation expense	$	1,303	$	1,262	$	2,653	$	2,525
Income tax benefits		501		486		1,021		972

Valuation methodologies used for assets and liabilities measured at fair value

			Fair Value Measurement Using:
	Carrying Value June 27, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	44,755	$	44,755	$	—	$	—

			Fair Value Measurement Using:
	Carrying Value December 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	$	45,473	$	45,473	$	—	$	—

Components of accumulated other comprehensive income (loss)

	Foreign Currency Translation Adjustments			Unrealized Gain on Cash Flow Hedge		Defined Benefit Pension Plan			Accumulated Other Comprehensive Income
Balance at December 27, 2014	$	(99,618	)	$	3,879	$	(38,694	)	$	(134,433	)
Current-period comprehensive income (loss)		(38,157	)		1,082		—			(37,075	)
Balance at June 27, 2015	$	(137,775	)	$	4,961	$	(38,694	)	$	(171,508	)