INCOME TAXES (Tables)

12 Months Ended

Dec. 27, 2015

Income Tax Disclosure [Abstract]

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

Income before income taxes by jurisdiction is as follows:

	2015		2014		2013
	(In thousands)
U.S.	$	920,250	$	953,027	$	469,395
Foreign	72,508		149,364		104,545
Total	$	992,758	$	1,102,391	$	573,940

Schedule of Income Tax Expense (Benefit)

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

	2015			2014		2013
	(In thousands)
Current:
Federal	$	248,821		$	262,403	$	(427	)
Foreign	43,638			22,867		26,206
State and other	26,019			24,056		3,512
Total current	318,478			309,326		29,291
Deferred:
Federal	32,819			29,737		22,923
Foreign	(11,249		)	31,332		(3,648		)
State and other	6,748			20,558		(24,339		)
Total deferred	28,318			81,627		(5,064		)
	$	346,796		$	390,953	$	24,227

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:

	2015			2014			2013
Federal income tax rate	35.0		%	35.0		%	35.0		%
State tax rate, net	2.3			2.6			2.3
Permanent items	0.1			0.4			1.4
Domestic production activity	(1.9	)		(2.4	)		(1.2	)
Difference in U.S. statutory tax rate and foreign     country effective tax rate	(0.9	)		(1.0	)		(1.0	)
Tax credits	(0.7	)		—			(3.0	)
Change in valuation allowance	—			—			(31.0	)
Other	1.0			0.9			1.7
Total	34.9		%	35.5		%	4.2		%

Schedule of Deferred Tax Assets and Liabilities

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

	December 27, 2015			December 28, 2014
	(In thousands)
Deferred tax liabilities:
PP&E and identified intangible assets	$	151,761		$	126,537
Inventories	97,743			48,365
Insurance claims and losses	39,800			36,953
Other	15,054			26,801
Total deferred tax liabilities	304,358			238,656
Deferred tax assets:
Net operating losses	4,297			5,842
Foreign net operating losses	16,595			7,873
Credit carry forwards	2,638			2,916
Allowance for doubtful accounts	4,382			4,261
Accrued liabilities	56,753			52,772
Workers compensation	41,217			43,309
Pension and other postretirement benefits	22,559			26,049
Other	31,956			30,612
Total deferred tax assets	180,397			173,634
Valuation allowance	(7,921		)	(9,150		)
Net deferred tax assets	172,476			164,484
Net deferred tax liabilities	$	131,882		$	74,172

Schedule of Unrecognized Tax Benefits

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

	December 27, 2015			December 28, 2014
	(In thousands)
Unrecognized tax benefits, beginning of year	$	17,396		$	17,117
Increase as a result of tax positions taken during the current year	1,015			999
Increase as a result of tax positions taken during prior years	27			—
Decrease as a result of tax positions taken during prior years	(139		)	(101		)
Decrease for lapse in statute of limitations	(1,189		)	(619		)
Unrecognized tax benefits, end of year	$	17,110		$	17,396