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Supplemental Balance Sheet Information
3 Months Ended
Mar. 28, 2015
Supplemental Balance Sheet Information [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION
SUPPLEMENTAL BALANCE SHEET INFORMATION
The composition of trade receivables, net is as follows:
 
March 28, 2015
 
December 27, 2014
 
(in thousands)
Client receivables
$
227,891

 
$
219,118

Unbilled revenue
42,717

 
43,780

Total
270,608

 
262,898

Less: Allowance for doubtful accounts
(5,182
)
 
(4,907
)
Trade receivables, net
$
265,426

 
$
257,991


The composition of inventories is as follows:
 
March 28, 2015
 
December 27, 2014
 
(in thousands)
Raw materials and supplies
$
14,823

 
$
15,416

Work in process
9,583

 
11,802

Finished products
61,649

 
61,825

Inventories
$
86,055

 
$
89,043


The composition of other current assets is as follows:
 
March 28, 2015
 
December 27, 2014
 
(in thousands)
Prepaid assets
$
31,432

 
$
26,900

Deferred tax asset
20,469

 
27,644

Investments
14,906

 
16,167

Prepaid income tax
41,785

 
26,287

Restricted cash
1,859

 
2,552

Other
$
291

 
$
291

Other current assets
$
110,742

 
$
99,841


The composition of property, plant and equipment, net is as follows:
 
March 28, 2015
 
December 27, 2014
 
(in thousands)
Land
$
39,775

 
$
40,314

Buildings
668,309

 
682,495

Machinery and equipment
373,419

 
384,713

Leasehold improvements
36,953

 
37,270

Furniture and fixtures
21,548

 
22,577

Vehicles
3,796

 
3,967

Computer hardware and software
118,946

 
119,474

Construction in progress (1)
46,683

 
40,970

Total
1,309,429

 
1,331,780

Less: Accumulated depreciation
(651,828
)
 
(654,983
)
Property, plant and equipment, net
$
657,601

 
$
676,797


(1) Includes the leased facility under construction. See Note 8, “Long-Term Debt and Capital Lease Obligations.”
Depreciation expense for the three months ended March 28, 2015 and March 29, 2014 was $17.1 million and $15.7 million, respectively.
The composition of other assets is as follows:
 
March 28, 2015
 
December 27, 2014
 
(in thousands)
Deferred financing costs
$
4,979

 
$
5,401

Life insurance policies
27,848

 
27,603

Investments in limited partnerships
30,703

 
27,047

Other assets
7,156

 
18,301

Other assets
$
70,686

 
$
78,352


The composition of other current liabilities is as follows:
 
March 28, 2015
 
December 27, 2014
 
(in thousands)
Accrued income taxes
$
6,410

 
$
9,362

Current deferred tax liability
1,244

 
1,484

Accrued interest and other
185

 
233

Other current liabilities
$
7,839

 
$
11,079


The composition of other long-term liabilities is as follows:
 
March 28, 2015
 
December 27, 2014
 
(in thousands)
Deferred tax liability
$
31,685

 
$
30,816

Long-term pension liability
41,879

 
45,135

Accrued executive supplemental life insurance retirement plan and deferred compensation plan
33,061

 
33,007

Other long-term liabilities
10,630

 
21,403

Other long-term liabilities
$
117,255

 
$
130,361