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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 26, 2020
Accounting Policies [Abstract] |
Schedule of Inventory | 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 26, 2020 |  |  | December 28, 2019 |
Raw materials |  | $ | 282,287 |  |  | $ | 260,070 |
Work-in-process |  |  | 147,821 |  |  |  | 133,157 |
Finished goods |  |  | 331,976 |  |  |  | 359,681 |
Inventories |  | $ | 762,084 |  |  | $ | 752,908 |
Schedule of Property and Equipment | Property and equipment is recorded at cost and typically depreciated using the straight-line method. The components of property and equipment were as follows and are generally depreciated over the following estimated useful lives:
|  | Estimated Useful Life |  | December 26, 2020 |  |  | December 28, 2019 |
Land |  |  |  |  | 124,654 |  |  |  | 112,267 |
Building and improvements |  | 15 to 50 years |  |  | 662,753 |  |  |  | 597,387 |
Machinery, equipment and software |  | 3 to 10 years |  |  | 800,410 |  |  |  | 696,343 |
Total, at cost |  |  |  |  | 1,587,817 |  |  |  | 1,405,997 |
Accumulated depreciation |  |  |  |  | (732,278 | ) |  |  | (677,076 | )
Property and equipment, net |  |  |  |  | 855,539 |  |  |  | 728,921 |
Schedule of Intangible Assets | The Company’s excess purchase cost over fair value of net assets acquired (goodwill) was $584,210 at December 26, 2020, and $467,108 at December 28, 2019.
|  | December 26, 2020 |  |  | December 28, 2019 |
Goodwill balance at beginning of year |  | $ | 467,108 |  |  | $ | 301,017 |
Acquisitions |  |  | 89,499 |  |  |  | 171,773 |
Effect of foreign currency translation, finalization of purchase price allocations, and impairment charges |  |  | 27,603 |  |  |  | (5,682 | )
Goodwill balance at end of year |  | $ | 584,210 |  |  | $ | 467,108 |
Schedule of Dividends Payable | On June 5, 2020, the shareholders approved a dividend of $2.44 per share (of which, $1.22 was paid in the Company’s 2020 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, 2020 |  | June 15, 2020 |  | $ | 0.61 |
September 30, 2020 |  | September 15, 2020 |  | $ | 0.61 |
December 31, 2020 |  | December 15, 2020 |  | $ | 0.61 |
March 31, 2021 |  | March 15, 2021 |  | $ | 0.61 |
On June 7, 2019, the shareholders approved a dividend of $2.28 per share (of which, $1.14 was paid in the Company’s 2019 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 28, 2019 |  | June 17, 2019 |  | $ | 0.57 |
September 30, 2019 |  | September 16, 2019 |  | $ | 0.57 |
December 31, 2019 |  | December 16, 2019 |  | $ | 0.57 |
March 31, 2020 |  | March 16, 2020 |  | $ | 0.57 |
On June 8, 2018, the shareholders approved a dividend of $2.12 per share (of which, $1.06 was paid in the Company’s 2018 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 29, 2018 |  | June 18, 2018 |  | $ | 0.53 |
September 28, 2018 |  | September 14, 2018 |  | $ | 0.53 |
December 31, 2018 |  | December 14, 2018 |  | $ | 0.53 |
March 29, 2019 |  | March 15, 2019 |  | $ | 0.53 |
Schedule of Product Warranty | The following reconciliation presents details of the changes in the Company’s accrued warranty costs:
|  | Fiscal Year Ended |
|  | December 26, 2020 |  |  | December 28, 2019 |  |  | December 29, 2018 |
Balance - beginning of period |  | $ | 39,758 |  |  | $ | 38,276 |  |  | $ | 36,827 |
Accrual for products sold (1) |  |  | 67,028 |  |  |  | 58,092 |  |  |  | 59,374 |
Expenditures |  |  | (64,143 | ) |  |  | (56,610 | ) |  |  | (57,925 | )
Balance - end of period |  | $ | 42,643 |  |  | $ | 39,758 |  |  | $ | 38,276 |
(1) Changes in cost estimates related to pre-existing warranties were not material and aggregated with accruals for new warranty contracts in the ‘accrual for products sold’ line.

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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://fasb.org/us-gaap/role/ref/legacyRef -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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