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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
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.