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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $) In Thousands, except Share data, unless otherwise specified | 1 Months Ended | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | ---
Feb. 28, 2013 | Jun. 28, 2014 | Jun. 29, 2013 | Mar. 30, 2013 | Jun. 28, 2014 | Jun. 29, 2013 | Dec. 28, 2013
Inventories |  |  |  |  |  |  |
Inventory valued at the lower of cost, determined on the last-in, first-out (LIFO) method, or market (as a percent) |  | 41.00% |  |  | 41.00% |  | 43.00%
Excess of replacement cost of inventories over the LIFO value |  | $ 47,141 |  |  | $ 47,141 |  | $ 45,204
Raw materials and purchased parts |  | 178,366 |  |  | 178,366 |  | 179,576
Work-in-process |  | 27,242 |  |  | 27,242 |  | 27,294
Finished goods and manufactured goods |  | 223,476 |  |  | 223,476 |  | 218,334
Subtotal |  | 429,084 |  |  | 429,084 |  | 425,204
Less: LIFO reserve |  | 47,141 |  |  | 47,141 |  | 45,204
Net inventory |  | 381,943 |  |  | 381,943 |  | 380,000
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries |  |  |  |  |  |  |
United States |  | 65,096 | 98,684 |  | 136,790 | 187,421 |
Foreign |  | 34,856 | 39,531 |  | 49,740 | 63,703 |
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries |  | 99,952 | 138,215 |  | 186,530 | 251,124 |
Accounting policy disclosures |  |  |  |  |  |  |
Shares of common stock available for issuance |  | 1,463,096 |  |  | 1,463,096 |  |
Equity Method Investments |  |  |  |  |  |  |
Proceeds from sale of assets | 29,250 |  |  |  | 1,151 | 39,054 |
Foreign currency translation adjustments |  |  |  | 5,194 |  | 5,194 |
Deferred tax benefits |  |  |  | 3,200 |  |  |
Stock option plans |  |  |  |  |  |  |
Accounting policy disclosures |  |  |  |  |  |  |
Compensation expense (included in selling, general and administrative expenses) |  | 1,262 | 1,314 |  | 2,525 | 2,627 |
Tax benefits associated with compensation expense |  | $ 486 | $ 505 |  | $ 972 | $ 1,011 |
Minimum | Stock option plans |  |  |  |  |  |  |
Accounting policy disclosures |  |  |  |  |  |  |
Vesting period of options |  |  |  |  | 3 years |  |
Expiration period of grant |  |  |  |  | 6 years |  |
Maximum | Stock option plans |  |  |  |  |  |  |
Accounting policy disclosures |  |  |  |  |  |  |
Vesting period of options |  |  |  |  | 6 years |  |
Expiration period of grant |  |  |  |  | 10 years |  |

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- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1)(i) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F + Details
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- Definition The excess of replacement or current cost over the stated LIFO (last in first out) inventory value when the LIFO inventory method is utilized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.6(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph c -Article 5 + Details
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- Definition Amount before valuation and LIFO reserves of completed merchandise or goods expected to be sold within one year or operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.6(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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