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INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2013

INCOME TAXES

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries

		2013			2012			2011
United States		$	338,163		$	248,840		$	134,363
Foreign			111,254			110,450			99,394
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		$	449,417		$	359,290		$	233,757
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Schedule of income tax expense (benefit)

		2013			2012			2011
Current:
Federal		$	110,847		$	81,000		$	53,005
State			16,398			10,342			8,915
Foreign			39,285			32,294			29,287
​	​	​	​	​	​	​	​	​	​	​
			166,530			123,636			91,207
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Non-current:			1,392			(854	)		(1,655	)
Deferred:
Federal			(8,661	)		(3,824	)		(4,586	)
State			(307	)		(660	)		(1,180	)
Foreign			(1,173	)		8,204			(79,196	)
​	​	​	​	​	​	​	​	​	​	​
			(10,141	)		3,720			(84,962	)
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		$	157,781		$	126,502		$	4,590
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Schedule of reconciliation of statutory federal income tax rate and effective tax rate

		2013			2012			2011
Statutory federal income tax rate			35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit			2.4			1.7			1.5
Carryforwards, credits and changes in valuation allowances			0.9			1.8			(27.7	)
Foreign tax rate differences			(2.4	)		(2.5	)		(2.7	)
Changes in unrecognized tax benefits			0.3			(0.2	)		(0.7	)
Domestic production activities deduction			(2.1	)		(2.3	)		(2.3	)
Other			1.0			1.7			(1.1	)
​	​	​	​	​	​	​	​	​	​	​
			35.1	%		35.2	%		2.0	%
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Schedule of tax effects of significant items comprising net deferred income tax liabilities

		2013			2012
Deferred income tax assets:
Accrued expenses and allowances		$	17,038		$	18,020
Accrued insurance			1,508			1,283
Tax credits and loss carryforwards			146,473			161,348
Defined benefit pension liability			30,879			25,770
Inventory allowances			3,938			4,151
Accrued warranty			6,552			5,463
Deferred compensation			51,413			42,031
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Gross deferred income tax assets			257,801			258,066
Valuation allowance			(107,767	)		(120,979	)
​	​	​	​	​	​	​	​
Net deferred income tax assets			150,034			137,087
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Deferred income tax liabilities:
Property, plant and equipment			36,657			35,756
Intangible assets			57,787			60,134
Other liabilities			7,206			11,198
​	​	​	​	​	​	​	​
Total deferred income tax liabilities			101,650			107,088
​	​	​	​	​	​	​	​
Net deferred income tax asset/(liability)		$	48,384		$	29,999
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Schedule of deferred income tax assets (liabilities) presented on the Consolidated Balance Sheets

Balance Sheet Caption		2013			2012
Refundable and deferred income taxes		$	57,344		$	57,209
Other assets			69,964			61,090
Deferred income taxes			(78,924	)		(88,300	)
​	​	​	​	​	​	​	​
Net deferred income tax asset/(liability)		$	48,384		$	29,999
​	​	​	​	​	​	​	​
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Schedule of activity related to unrecognized tax benefits

The following summarizes the activity related to our unrecognized tax benefits in 2013 and 2012, in thousands:

		2013			2012
Gross unrecognized tax benefits—beginning of year		$	3,370		$	4,304
Gross increases—tax positions in prior period			1,464			37
Gross decreases—tax positions in prior period			—			(3	)
Gross increases—current-period tax positions			1,336			328
Lapse of statute of limitations			(1,443	)		(1,296	)
​	​	​	​	​	​	​	​
Gross unrecognized tax benefits—end of year		$	4,727		$	3,370
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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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