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Supplemental Balance Sheet Information
6 Months Ended
Jun. 27, 2015
Supplemental Balance Sheet Information [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION
SUPPLEMENTAL BALANCE SHEET INFORMATION
The composition of trade receivables, net is as follows:
 
June 27, 2015
 
December 27, 2014
 
(in thousands)
Client receivables
$
233,569

 
$
219,118

Unbilled revenue
49,016

 
43,780

Total
282,585

 
262,898

Less: Allowance for doubtful accounts
(5,187
)
 
(4,907
)
Trade receivables, net
$
277,398

 
$
257,991


The composition of inventories is as follows:
 
June 27, 2015
 
December 27, 2014
 
(in thousands)
Raw materials and supplies
$
13,885

 
$
15,416

Work in process
12,023

 
11,802

Finished products
64,129

 
61,825

Inventories
$
90,037

 
$
89,043


The composition of other current assets is as follows:
 
June 27, 2015
 
December 27, 2014
 
(in thousands)
Deferred tax asset
23,058

 
27,644

Investments
18,074

 
16,167

Prepaid income tax
31,537

 
26,287

Restricted cash
100

 
2,552

Other
1,684

 
291

Other current assets
$
74,453

 
$
72,941


The composition of property, plant and equipment, net is as follows:
 
June 27, 2015
 
December 27, 2014
 
(in thousands)
Land
$
42,796

 
$
40,314

Buildings (1)
711,943

 
682,495

Machinery and equipment
380,871

 
384,713

Leasehold improvements
36,955

 
37,270

Furniture and fixtures
21,237

 
22,577

Vehicles
4,101

 
3,967

Computer hardware and software
122,050

 
119,474

Construction in progress
21,844

 
40,970

Total
1,341,797

 
1,331,780

Less: Accumulated depreciation
(661,232
)
 
(654,983
)
Property, plant and equipment, net
$
680,565

 
$
676,797


(1) The balance as of June 27, 2015 includes capital lease assets. See Note 8, “Long Term Debt and Capital Lease Obligations.”
Depreciation expense for both three months ended June 27, 2015 and June 28, 2014 was $17.4 million. Depreciation expense for the six months ended June 27, 2015 and June 28, 2014 was $34.5 million and $33.2 million, respectively.
The composition of other assets is as follows:
 
June 27, 2015
 
December 27, 2014
 
(in thousands)
Life insurance policies
28,237

 
27,603

Investments in limited partnerships
29,141

 
27,047

Other
5,838

 
18,301

Other assets
$
63,216

 
$
72,951


The composition of other current liabilities is as follows:
 
June 27, 2015
 
December 27, 2014
 
(in thousands)
Accrued income taxes
$
10,906

 
$
9,362

Current deferred tax liability
1,302

 
1,484

Accrued interest and other
356

 
233

Other current liabilities
$
12,564

 
$
11,079


The composition of other long-term liabilities is as follows:
 
June 27, 2015
 
December 27, 2014
 
(in thousands)
Deferred tax liability
$
25,550

 
$
30,816

Long-term pension liability
40,531

 
45,135

Accrued executive supplemental life insurance retirement plan and deferred compensation plan
33,424

 
33,007

Other long-term liabilities
11,751

 
21,403

Other long-term liabilities
$
111,256

 
$
130,361