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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 | 9 Months Ended |
--- | --- | --- | --- | ---
Feb. 28, 2013 | Sep. 27, 2014 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 27, 2014 | Sep. 28, 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) |  | 43.00% |  |  | 43.00% |  | 43.00%
Excess of replacement cost of inventories over the LIFO value |  | $ 47,380 |  |  | $ 47,380 |  | $ 45,204
Raw materials and purchased parts |  | 185,573 |  |  | 185,573 |  | 179,576
Work-in-process |  | 29,954 |  |  | 29,954 |  | 27,294
Finished goods and manufactured goods |  | 216,498 |  |  | 216,498 |  | 218,334
Subtotal |  | 432,025 |  |  | 432,025 |  | 425,204
Less: LIFO reserve |  | 47,380 |  |  | 47,380 |  | 45,204
Net inventory |  | 384,645 |  |  | 384,645 |  | 380,000
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries |  |  |  |  |  |  |
United States |  | 4,844 | 66,143 |  | 141,635 | 253,564 |
Foreign |  | 34,671 | 36,585 |  | 84,410 | 100,288 |
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries |  | 39,515 | 102,728 |  | 226,045 | 353,852 |
Accounting policy disclosures |  |  |  |  |  |  |
Shares of common stock available for issuance |  | 1,463,600 |  |  | 1,463,600 |  |
Equity Method Investments |  |  |  |  |  |  |
Proceeds from sale of assets | 29,250 |  |  |  | 2,107 | 39,564 |
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) |  | 1,242 | 1,308 |  | 3,767 | 3,935 |
Tax benefits associated with compensation expense |  | $ 478 | $ 504 |  | $ 1,450 | $ 1,515 |
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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