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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 30, 2017
Accounting Policies [Abstract] |
Schedule of inventory | The Company writes down its inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. Inventories consisted of the following:
|  | December 30, 2017 |  |  | December 31, 2016(1) |
Raw materials |  | $ | 179,659 |  |  | $ | 152,497 |
Work-in-process |  |  | 75,754 |  |  |  | 61,048 |
Finished goods |  |  | 262,231 |  |  |  | 271,276 |
Inventory |  | $ | 517,644 |  |  | $ | 484,821 |
| (1) | Inventory balances by major class of inventory as of December 31, 2016 have been recast to conform to the current year presentation.
Schedule of property and equipment | Property and equipment are recorded at cost and depreciated using the straight-line method over the following estimated useful lives:
Buildings and improvements |  |  | 39-50 |
Office furniture and equipment |  |  | 3-5 |
Manufacturing and engineering equipment |  |  | 5-10 |
Vehicles |  |  | 5 |
Schedule of dividends payable | On June 9, 2017, the shareholders approved a dividend of $2.04 per share (of which, $1.53 was paid in the Company’s 2017 fiscal year) payable in four equal installments on dates determined by the Board of Directors. The dates determined by the Board were as follows:
Dividend Date |  | Record Date |  | $s per share |
June 30, 2017 |  | June 19, 2017 |  | $ | 0.51 |
September 29, 2017 |  | September 15, 2017 |  | $ | 0.51 |
December 29, 2017 |  | December 15, 2017 |  | $ | 0.51 |
March 30, 2018 |  | March 15, 2018 |  | $ | 0.51 |
On June 10, 2016, the shareholders approved a dividend of $2.04 per share (of which, $1.53 was paid in the Company’s 2016 fiscal year) payable in four equal installments on dates determined by the Board of Directors. The dates determined by the Board were as follows:
Dividend Date |  | Record Date |  | $s per share |
June 30, 2016 |  | June 16, 2016 |  | $ | 0.51 |
September 30, 2016 |  | September 15, 2016 |  | $ | 0.51 |
December 30, 2016 |  | December 14, 2016 |  | $ | 0.51 |
March 31, 2017 |  | March 15, 2017 |  | $ | 0.51 |
On June 5, 2015, the shareholders approved a dividend of $2.04 per share (of which, $1.02 was paid in the Company's 2015 fiscal year) payable in four equal installments on dates determined by the Board of Directors. The dates determined by the Board were as follows:
Dividend Date |  | Record Date |  | $s per share |
June 30, 2015 |  | June 16, 2015 |  | $ | 0.51 |
September 30, 2015 |  | September 15, 2015 |  | $ | 0.51 |
December 31, 2015 |  | December 15, 2015 |  | $ | 0.51 |
March 31, 2016 |  | March 16, 2016 |  | $ | 0.51 |
Schedule of intangiable assets | The Company’s excess purchase cost over fair value of net assets acquired (goodwill) was $286,982 at December 30, 2017, and $224,553 at December 31, 2016.
|  | December 30, 2017 |  |  | December 31, 2016 |
Goodwill balance at beginning of year |  | $ | 224,553 |  |  | $ | 187,791 |
Acquisitions |  |  | 58,332 |  |  |  | 38,061 |
Finalization of purchase price allocations and effect of foreign currency translation |  |  | 4,097 |  |  |  | (1,299 | )
Goodwill balance at end of year |  | $ | 286,982 |  |  | $ | 224,553 |
Schedule of product warranty | The following reconciliation provides an illustration of changes in the aggregate warranty accrual:
|  | Fiscal Year Ended |
|  | December 30, |  |  | December 31, |  |  | December 26, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Balance - beginning of period |  | $ | 37,233 |  |  | $ | 30,449 |  |  | $ | 27,609 |
Accrual for products sold(1) |  |  | 56,360 |  |  |  | 61,578 |  |  |  | 44,620 |
Expenditures |  |  | (56,766 | ) |  |  | (54,794 | ) |  |  | (41,780 | )
Balance - end of period |  | $ | 36,827 |  |  | $ | 37,233 |  |  | $ | 30,449 |
| (1) | Changes in cost estimates related to pre-existing warranties are not material and aggregated with accruals for new warranty contracts in the ‘accrual for products sold’ line
Sdchedule of recently issued accounting pronouncements | Summarized financial information depicting the impact of the new revenue standard follows:
|  | 52-Weeks Ended December 30, 2017 |  |  | 53-Weeks Ended December 31, 2016 |
|  | As reported |  |  | Restated(1) |  |  | Impact |  |  | As reported |  |  | Restated(1) |  |  | Impact |
Net sales |  | $ | 3,087,004 |  |  | $ | 3,121,560 |  |  | $ | 34,556 |  |  | $ | 3,018,665 |  |  | $ | 3,045,796 |  |  | $ | 27,131 |
Gross profit |  |  | 1,783,164 |  |  |  | 1,797,941 |  |  |  | 14,777 |  |  |  | 1,679,570 |  |  |  | 1,688,525 |  |  |  | 8,955 |
Operating income |  |  | 668,860 |  |  |  | 683,637 |  |  |  | 14,777 |  |  |  | 623,909 |  |  |  | 632,864 |  |  |  | 8,955 |
Income tax (benefit) provision |  |  | (12,661 | ) |  |  | (7,902 | ) |  |  | 4,759 |  |  |  | 118,856 |  |  |  | 122,890 |  |  |  | 4,034 |
Net income |  | $ | 694,955 |  |  | $ | 704,973 |  |  | $ | 10,018 |  |  | $ | 510,814 |  |  | $ | 515,735 |  |  | $ | 4,921 |
Diluted net income per share |  | $ | 3.68 |  |  | $ | 3.74 |  |  | $ | 0.06 |  |  | $ | 2.70 |  |  | $ | 2.72 |  |  | $ | 0.02 |
|  | December 30, 2017 |  |  | December 31, 2016 |
|  | As reported |  |  | Restated(1) |  |  | Impact |  |  | As reported |  |  | Restated(1) |  |  | Impact |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred costs |  | $ | 48,312 |  |  | $ | 30,525 |  |  | $ | (17,787 | ) |  | $ | 47,395 |  |  | $ | 34,665 |  |  | $ | (12,730 | )
Total current assets |  |  | 2,363,925 |  |  |  | 2,346,139 |  |  |  | (17,786 | ) |  |  | 2,263,016 |  |  |  | 2,250,286 |  |  |  | (12,731 | )
Noncurrent deferred income tax |  |  | 199,343 |  |  |  | 189,959 |  |  |  | (9,384 | ) |  |  | 110,293 |  |  |  | 105,668 |  |  |  | (4,625 | )
Noncurrent deferred costs |  |  | 73,851 |  |  |  | 33,029 |  |  |  | (40,822 | ) |  |  | 56,151 |  |  |  | 30,934 |  |  |  | (25,217 | )
Total assets |  | $ | 5,010,260 |  |  | $ | 4,942,268 |  |  | $ | (67,991 | ) |  | $ | 4,525,133 |  |  | $ | 4,482,560 |  |  | $ | (42,573 | )
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue |  |  | 139,681 |  |  |  | 103,140 |  |  |  | (36,542 | ) |  |  | 146,564 |  |  |  | 118,496 |  |  |  | (28,068 | )
Total current liabilities |  |  | 828,656 |  |  |  | 792,115 |  |  |  | (36,541 | ) |  |  | 782,735 |  |  |  | 754,667 |  |  |  | (28,068 | )
Deferred income taxes |  |  | 75,215 |  |  |  | 76,612 |  |  |  | 1,396 |  |  |  | 61,220 |  |  |  | 62,617 |  |  |  | 1,397 |
Non-current deferred revenue |  |  | 163,840 |  |  |  | 87,061 |  |  |  | (76,779 | ) |  |  | 140,407 |  |  |  | 91,238 |  |  |  | (49,169 | )
Retained earnings |  |  | 2,368,874 |  |  |  | 2,412,423 |  |  |  | 43,549 |  |  |  | 2,056,702 |  |  |  | 2,090,233 |  |  |  | 33,531 |
Accumulated other comprehensive income |  |  | 56,045 |  |  |  | 56,428 |  |  |  | 382 |  |  |  | (36,761 | ) |  |  | (37,024 | ) |  |  | (263 | )
Total stockholders' equity |  |  | 3,802,466 |  |  |  | 3,846,397 |  |  |  | 43,931 |  |  |  | 3,418,003 |  |  |  | 3,451,271 |  |  |  | 33,268 |
Total liabilities and stockholders' equity |  | $ | 5,010,260 |  |  | $ | 4,942,267 |  |  | $ | (67,992 | ) |  | $ | 4,525,133 |  |  | $ | 4,482,561 |  |  | $ | (42,572 | )
(1) Effective for the fiscal year ending December 29, 2018, we have adopted ASC Topic 606. The balances above are restated under ASC Topic 606.

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
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