INCOME TAXES (Tables)

12 Months Ended

Dec. 29, 2013

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

	2013		2012		2011
	(In thousands)
U.S.	$	469,395	$	62,332	$	(481,048	)
Foreign		104,545		90,730		(6,078	)
Total	$	573,940	$	153,062	$	(487,126	)

Schedule of Income Tax Expense (Benefit)

	2013			2012			2011
	(In thousands)
Current:
Federal	$	(427	)	$	(28,883	)	$	741
Foreign		26,206			9,279			13,132
State and other		3,512			(211	)		1,914
Total current		29,291			(19,815	)		15,787
Deferred:
Federal		22,923			(293	)		(9,128	)
Foreign		(3,648	)		(835	)		1,033
State and other		(24,339	)		(37	)		872
Total deferred		(5,064	)		(1,165	)		(7,223	)
	$	24,227		$	(20,980	)	$	8,564

Schedule of Income Tax Reconciliation

	2013		2012		2011
Federal income tax rate	35.0	%	35.0	%	35.0	%
State tax rate, net	2.3		2.5		2.6
Permanent items	1.4		1.5		(0.8	)
Permanent items - reorganization costs	-		-		0.1
Domestic production activity	(1.2	)	-		(0.8	)
Difference in U.S. statutory tax rate and foreign country effective tax rate	(1.0	)	(3.3	)	-
Tax credits	(3.0	)	(2.3	)	1.8
Change in reserve for unrecognized tax benefits	-		(10.4	)	(2.5	)
Change in valuation allowance	(31.0	)	(34.4	)	(35.3	)
Change in tax legislation	-		-		0.9
Other	1.7		(2.3	)	(2.8	)
Total	4.2	%	(13.7	)%	(1.8	)%

Schedule of Deferred Tax Assets and Liabilities

	December 29,			December 30,
	2013			2012
		(In thousands)
Deferred tax liabilities:
PP&E and identified intangible assets	$	125,197		$	124,921
Inventories		74,287			107,420
Insurance claims and losses		33,625			28,701
All other current		9,453			24,857
All other noncurrent		9,031			9,957
Total deferred tax liabilities		251,593			295,856
Deferred tax assets:
Net operating losses		20,907			244,151
Foreign net operating losses		15,437			19,113
Credit carry forwards		79,555			60,129
Allowance for doubtful accounts		4,510			5,583
Accrued liabilities		47,384			41,808
All other current		12,282			581
All other noncurrent		10,292			3,627
Workers compensation		42,951			45,320
Pension and other postretirement benefits		20,364			56,847
Total deferred tax assets		253,682			477,159
Valuation allowance		(10,400	)		(188,354	)
Net deferred tax assets		243,282			288,805
Net deferred tax liabilities	$	8,311		$	7,051

Schedule of Unrecognized Tax Benefits

	December 29,			December 30,
	2013			2012
		(In thousands)
Unrecognized tax benefits, beginning of year	$	16,643		$	64,808
Increase as a result of tax positions taken during the current year		978			926
Increase as a result of tax positions taken during prior years		232			119
Decrease as a result of tax positions taken during prior years		-			(27,619	)
Decrease for lapse in statute of limitations		(736	)		(13,670	)
Decrease relating to settlements with taxing authorities		-			(7,921	)
Unrecognized tax benefits, end of year	$	17,117		$	16,643

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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