SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 26, 2015

Accounting Policies [Abstract]

Components of inventories

Inventories consisted of the following:

	September 26, 2015		December 27, 2014
Raw materials and purchased parts	$	181,618	$	179,093
Work-in-process	28,934		27,835
Finished goods and manufactured goods	194,806		199,772
Subtotal	405,358		406,700
Less: LIFO reserve	37,068		47,178
	$	368,290	$	359,522

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries for the thirteen and thirty-nine weeks ended September 26, 2015 and September 27, 2014, were as follows:

	Thirteen Weeks Ended					Thirty-nine Weeks Ended
	2015			2014		2015		2014
United States	$	26,343		$	4,844	$	92,625	$	141,635
Foreign	(776		)	34,671		24,743		84,410
	$	25,567		$	39,515	$	117,368	$	226,045

Schedule of components of the net periodic pension (benefit) expense

The components of the net periodic pension (benefit) expense for the thirteen and thirty-nine weeks ended September 26, 2015 and September 27, 2014 were as follows:

	Thirteen Weeks Ended						Thirty-nine Weeks Ended
Net periodic (benefit) expense:	2015			2014			2015			2014
Interest cost	$	6,186		$	7,274		$	18,486		$	21,783
Expected return on plan assets	(6,341		)	(6,605		)	(18,946		)	(19,780		)
Net periodic (benefit) expense	$	(155	)	$	669		$	(460	)	$	2,003

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

The Company's compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options for the thirteen and thirty-nine weeks ended September 26, 2015 and September 27, 2014, respectively, were as follows:

	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	2015		2014		2015		2014
Compensation expense	$	1,283	$	1,242	$	3,936	$	3,767
Income tax benefits	494		478		1,515		1,450

Valuation methodologies used for assets and liabilities measured at fair value

			Fair Value Measurement Using:
	Carrying Value September 26, 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	$	42,375	$	42,375	$	—	$	—

			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)

Accumulated other comprehensive income (loss) consisted of the following at September 26, 2015 and December 27, 2014:

	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)	(89,345		)	771		—			(88,574		)
Balance at September 26, 2015	$	(188,963	)	$	4,650	$	(38,694	)	$	(223,007	)