SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 25, 2016

Accounting Policies [Abstract]

Components of inventories

Inventories consisted of the following:

	June 25, 2016		December 26, 2015
Raw materials and purchased parts	$	170,973	$	162,977
Work-in-process	24,762		25,644
Finished goods and manufactured goods	212,572		187,126
Subtotal	408,307		375,747
Less: LIFO reserve	36,201		35,075
	$	372,106	$	340,672

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 twenty-six weeks ended June 25, 2016 and June 27, 2015, were as follows:

	Thirteen Weeks Ended				Twenty-six Weeks Ended
	2016		2015		2016		2015
United States	$	44,240	$	33,641	$	83,840	$	66,282
Foreign	18,403		9,715		29,247		25,519
	$	62,643	$	43,356	$	113,087	$	91,801

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

The components of the net periodic pension (benefit) expense for the thirteen and twenty-six weeks ended June 25, 2016 and June 27, 2015 were as follows:

	Thirteen Weeks Ended						Twenty-six Weeks Ended
Net periodic (benefit) expense:	2016			2015			2016			2015
Interest cost	$	6,659		$	6,189		$	13,042		$	12,300
Expected return on plan assets	(6,084		)	(6,344		)	(12,083		)	(12,605		)
Net periodic (benefit) expense	$	575		$	(155	)	$	959		$	(305	)

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 twenty-six weeks ended June 25, 2016 and June 27, 2015, respectively, were as follows:

	Thirteen Weeks Ended				Twenty-six Weeks Ended
	2016		2015		2016		2015
Compensation expense	$	1,468	$	1,303	$	2,959	$	2,653
Income tax benefits	565		501		1,139		1,021

Valuation methodologies used for assets and liabilities measured at fair value

			Fair Value Measurement Using:
	Carrying Value June 25, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	40,108	$	40,108	$	—	$	—

			Fair Value Measurement Using:
	Carrying Value December 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	$	42,697	$	42,697	$	—	$	—

Components of accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss) consisted of the following at June 25, 2016 and December 26, 2015:

	Foreign Currency Translation Adjustments			Unrealized Gain on Cash Flow Hedge		Defined Benefit Pension Plan			Accumulated Other Comprehensive Income
Balance at December 26, 2015	$	(191,928	)	$	3,678	$	(78,968	)	$	(267,218	)
Current-period comprehensive income (loss)	(1,279		)	38		—			(1,241		)
Balance at June 25, 2016	$	(193,207	)	$	3,716	$	(78,968	)	$	(268,459	)