INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2014

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) from Continuing Operations Before Income Taxes

before income taxes by jurisdiction is as follows:

	2014		2013		2012
	(In thousands)
U.S.	$	953,027	$	469,395	$	62,332
Foreign	149,364		104,545		90,730
Total	$	1,102,391	$	573,940	$	153,062

Schedule of Income Tax Expense (Benefit)

The components of income tax expense (benefit) are set forth below:

	2014		2013			2012
	(In thousands)
Current:
Federal	$	262,403	$	(427	)	$	(28,883	)
Foreign	22,867		26,206			9,279
State and other	24,056		3,512			(211		)
Total current	309,326		29,291			(19,815		)
Deferred:
Federal	29,737		22,923			(293		)
Foreign	31,332		(3,648		)	(835		)
State and other	20,558		(24,339		)	(37		)
Total deferred	81,627		(5,064		)	(1,165		)
	$	390,953	$	24,227		$	(20,980	)

Schedule of Income Tax Reconciliation

The following table reconciles the statutory U.S. federal income tax rate to the Company’s effective income tax rate:

	2014			2013			2012
Federal income tax rate	35.0		%	35.0		%	35.0		%
State tax rate, net	2.6			2.3			2.5
Permanent items	0.4			1.4			1.5
Domestic production activity	(2.4	)		(1.2	)		—
Difference in U.S. statutory tax rate and foreign     country effective tax rate	(1.0	)		(1.0	)		(3.3	)
Tax credits	—			(3.0	)		(2.3	)
Change in reserve for unrecognized tax     benefits	—			—			(10.4	)
Change in valuation allowance	—			(31.0	)		(34.4	)
Other	0.9			1.7			(2.3	)
Total	35.5		%	4.2		%	(13.7	)	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax liabilities and assets are as follows:

	December 28, 2014			December 29, 2013
	(In thousands)
Deferred tax liabilities:
PP&E and identified intangible assets	$	126,536		$	125,197
Inventories	48,365			74,287
Insurance claims and losses	36,953			33,625
All other current	18,696			9,453
All other noncurrent	8,105			9,031
Total deferred tax liabilities	238,655			251,593
Deferred tax assets:
Net operating losses	5,842			20,907
Foreign net operating losses	7,873			15,437
Credit carry forwards	2,916			79,555
Allowance for doubtful accounts	4,261			4,510
Accrued liabilities	52,772			47,384
All other current	9,755			12,282
All other noncurrent	20,857			10,292
Workers compensation	43,309			42,951
Pension and other postretirement benefits	26,049			20,364
Total deferred tax assets	173,634			253,682
Valuation allowance	(9,150		)	(10,400		)
Net deferred tax assets	164,484			243,282
Net deferred tax liabilities	$	74,171		$	8,311

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

	December 28, 2014			December 29, 2013
	(In thousands)
Unrecognized tax benefits, beginning of year	$	17,117		$	16,643
Increase as a result of tax positions taken during the current year	999			978
Increase as a result of tax positions taken during prior years	—			232
Decrease as a result of tax positions taken during prior years	(101		)	—
Decrease for lapse in statute of limitations	(619		)	(736		)
Unrecognized tax benefits, end of year	$	17,396		$	17,117