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QUARTERLY FINANCIAL DATA (Unaudited) | 12 Months Ended
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Dec. 26, 2015
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA (Unaudited) | 21) QUARTERLY FINANCIAL DATA (Unaudited)
|  |  |  |  | Net Earnings |  |  |  |  |  |
|  |  | Gross |  |  |  | Per Share |  | Stock Price |  | Dividends
| Net Sales |  | Profit |  | Amount |  | Basic |  | Diluted |  | High |  | Low |  | Declared
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First | $ | 670,398 |  |  | $ | 165,454 |  |  | $ | 30,739 |  |  | $ | 1.29 |  |  | $ | 1.28 |  |  | $ | 130.26 |  |  | $ | 117.56 |  |  | $ | 0.375 |
Second (1) | 682,123 |  |  | 169,548 |  |  | 27,873 |  |  | 1.19 |  |  | 1.19 |  |  | 128.26 |  |  | 118.09 |  |  | 0.375 |
Third (2) | 632,575 |  |  | 156,751 |  |  | 12,066 |  |  | 0.52 |  |  | 0.52 |  |  | 121.23 |  |  | 97.44 |  |  | 0.375 |
Fourth (3) | 633,828 |  |  | 129,280 |  |  | (30,561 | ) |  | (1.34 | ) |  | (1.34 | ) |  | 117.94 |  |  | 93.99 |  |  | 0.375 |
Year | $ | 2,618,924 |  |  | $ | 621,033 |  |  | $ | 40,117 |  |  | $ | 1.72 |  |  | $ | 1.71 |  |  | $ | 130.26 |  |  | $ | 93.99 |  |  | $ | 1.500 |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First | $ | 751,740 |  |  | $ | 206,982 |  |  | $ | 55,980 |  |  | $ | 2.10 |  |  | $ | 2.08 |  |  | $ | 155.64 |  |  | $ | 141.74 |  |  | $ | 0.250 |
Second | 842,599 |  |  | 220,477 |  |  | 63,976 |  |  | 2.40 |  |  | 2.38 |  |  | 163.23 |  |  | 143.02 |  |  | 0.375 |
Third (4) | 765,668 |  |  | 199,500 |  |  | 23,559 |  |  | 0.93 |  |  | 0.92 |  |  | 155.62 |  |  | 131.68 |  |  | 0.375 |
Fourth | 763,136 |  |  | 181,158 |  |  | 40,461 |  |  | 1.67 |  |  | 1.66 |  |  | 139.31 |  |  | 123.44 |  |  | 0.375 |
Year | $ | 3,123,143 |  |  | $ | 808,117 |  |  | $ | 183,976 |  |  | $ | 7.15 |  |  | $ | 7.09 |  |  | $ | 163.23 |  |  | $ | 123.44 |  |  | $ | 1.375 |
Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share may not equal the total for the year. _______________________________ (1) The second quarter of 2015 included costs associated with the restructuring plan (the "Plan") that was approved by the Board of Directors in April 2015 of $9.8 million after tax ($0.42 per share). (2) The third quarter of 2015 included costs associated with the Plan of $6.3 million after tax ($0.27 per share) and non- cash impairments of goodwill and trade names of $13.4 million after tax ($0.58 per share). (3) The fourth quarter of 2015 included costs associated with the Plan of $11.5 million after tax ($0.50 per share) and non-cash impairments of goodwill and intangibles of $7.1 million and $19.6 million after tax (combined $1.16 per share) related to our APAC Coatings and Access Systems businesses, respectively. In addition, the Company recorded a one time increase in its warranty reserve related to one large utility project of $11.5 million after tax ($0.50 per share) and an increase to the bad debt allowance for a large international irrigation receivable of $4.8 million after tax ($0.21 per share). Lastly, U.K. corporate tax rates were collectively reduced from 20% to 18% which reduced the value of our deferred tax assets associated with net operating loss carryforwards and certain timing differences which increased the Company's tax expense by $7.1 million ($0.31 per share). (4) The third quarter of 2014 included costs associated with refinancing of our long-term debt of $24.2 million after tax ($0.95 per share) and a non-cash fair market value adjustment for Delta EMD shares of $1.4 million after tax ($.05 per share).

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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