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Supplemental Balance Sheet Information
9 Months Ended
Sep. 26, 2015
Supplemental Balance Sheet Information [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION
SUPPLEMENTAL BALANCE SHEET INFORMATION
The composition of trade receivables, net is as follows:
 
September 26, 2015
 
December 27, 2014
 
(in thousands)
Client receivables
$
240,307

 
$
219,118

Unbilled revenue
54,157

 
43,780

Total
294,464

 
262,898

Less: Allowance for doubtful accounts
(5,628
)
 
(4,907
)
Trade receivables, net
$
288,836

 
$
257,991


The composition of inventories is as follows:
 
September 26, 2015
 
December 27, 2014
 
(in thousands)
Raw materials and supplies
$
15,530

 
$
15,416

Work in process
13,063

 
11,802

Finished products
69,504

 
61,825

Inventories
$
98,097

 
$
89,043


The composition of other current assets is as follows:
 
September 26, 2015
 
December 27, 2014
 
(in thousands)
Deferred tax asset
$
33,156

 
$
27,644

Investments
17,975

 
16,167

Prepaid income tax
30,828

 
26,287

Restricted cash
1,221

 
2,552

Other
923

 
291

Other current assets
$
84,103

 
$
72,941


The composition of property, plant and equipment, net is as follows:
 
September 26, 2015
 
December 27, 2014
 
(in thousands)
Land
$
42,619

 
$
40,314

Buildings (1)
705,694

 
682,495

Machinery and equipment
381,764

 
384,713

Leasehold improvements
39,221

 
37,270

Furniture and fixtures
22,053

 
22,577

Vehicles
4,054

 
3,967

Computer hardware and software
123,285

 
119,474

Construction in progress
23,823

 
40,970

Total
1,342,513

 
1,331,780

Less: Accumulated depreciation
(670,840
)
 
(654,983
)
Property, plant and equipment, net
$
671,673

 
$
676,797


(1) The balance as of September 26, 2015 includes capital lease assets. See Note 7, “Long Term Debt and Capital Lease Obligations.”
Depreciation expense for the three months ended September 26, 2015 and September 27, 2014 was $17.4 million and $18.4 million, respectively. Depreciation expense for the nine months ended September 26, 2015 and September 27, 2014 was $51.9 million and $51.6 million, respectively.
The composition of other assets is as follows:
 
September 26, 2015
 
December 27, 2014
 
(in thousands)
Life insurance policies
$
26,458

 
$
27,603

Investments in limited partnerships
29,931

 
27,047

Other
9,163

 
18,301

Other assets
$
65,552

 
$
72,951


The composition of other current liabilities is as follows:
 
September 26, 2015
 
December 27, 2014
 
(in thousands)
Accrued income taxes
$
17,630

 
$
9,362

Current deferred tax liability
3,389

 
1,484

Accrued interest and other
328

 
233

Other current liabilities
$
21,347

 
$
11,079


The composition of other long-term liabilities is as follows:
 
September 26, 2015
 
December 27, 2014
 
(in thousands)
Deferred tax liability
$
49,016

 
$
30,816

Long-term pension liability
37,878

 
45,135

Accrued executive supplemental life insurance retirement plan and deferred compensation plan
33,858

 
33,007

Other
19,004

 
21,403

Other long-term liabilities
$
139,756

 
$
130,361