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DEFINED BENEFIT RETIREMENT PLAN (Tables) | 12 Months Ended
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Dec. 26, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] |
Schedule of changes in PBO and fair value of plan assets for pension plan | Changes in the PBO and fair value of plan assets for the pension plan for the period from December 27, 2014 to December 31, 2015 were as follows:
| Projected Benefit Obligation |  | Plan Assets |  | Funded status
Fair Value at December 27, 2014 | $ | 692,283 |  |  | $ | 542,159 |  |  | $ | (150,124 | )
Employer contributions | — |  |  | 16,500 |  |  |
Interest cost | 24,614 |  |  | — |  |  |
Actual return on plan assets | — |  |  | (306 | ) |  |
Benefits paid | (18,346 | ) |  | (18,346 | ) |  |
Actuarial loss | 28,130 |  |  | — |  |  |
Currency translation | (29,232 | ) |  | (21,881 | ) |  |
Fair Value at December 31, 2015 | $ | 697,449 |  |  | $ | 518,126 |  |  | $ | (179,323 | )
Projected Benefit Obligation and Fair Value of Plan Assets—The accumulated benefit obligation (ABO) is the present value of benefits earned to date, assuming no future compensation growth. As there are no active employees in the plan, the ABO is equal to the PBO. The underfunded ABO represents the difference between the PBO and the fair value of plan assets. Changes in the PBO and fair value of plan assets for the pension plan for the period from December 28, 2013 to December 27, 2014 were as follows:
| Projected Benefit Obligation |  | Plan Assets |  | Funded status
Fair Value at December 28, 2013 | $ | 651,857 |  |  | $ | 497,460 |  |  | $ | (154,397 | )
Employer contributions | — |  |  | 18,173 |  |  |
Interest cost | 28,667 |  |  | — |  |  |
Actual return on plan assets | — |  |  | 72,820 |  |  |
Benefits paid | (14,498 | ) |  | (14,498 | ) |  |
Actuarial loss | 66,889 |  |  | — |  |  |
Currency translation | (40,632 | ) |  | (31,796 | ) |  |
Fair Value at December 27, 2014 | $ | 692,283 |  |  | $ | 542,159 |  |  | $ | (150,124 | )
Schedule of pre-tax amounts recognized in accumulated other comprehensive income (loss) |
Balance December 29, 2013 | $ | (38,808 | )
Actuarial loss | (18,980 | )
Currency translation loss | 1,835 |
Balance December 27, 2014 | (55,953 | )
Actuarial loss | (53,661 | )
Currency translation gain | 2,655 |
Balance December 26, 2015 | $ | (106,959 | )
Schedule of weighted-average actuarial assumptions used to determine the benefit obligation |
Percentages | 2015 |  | 2014
Discount rate | 3.75 | % |  | 3.65 | %
Salary increase | N/A |  |  | N/A |
CPI inflation | 2.15 | % |  | 2.10 | %
RPI inflation | 3.25 | % |  | 3.20 | %
Schedule of components of the net periodic pension (benefit) expense |
|  | 2015 |  | 2014
Net Periodic Benefit Cost: |  |  |
Interest cost | 24,614 |  |  | 28,667 |
Expected return on plan assets | (25,224 | ) |  | (26,029 | )
Net periodic benefit expense (benefit) | $ | (610 | ) |  | $ | 2,638 |
Schedule of weighted-average actuarial assumptions used to determine expense |
Percentages |  | 2015 |  | 2014
Discount rate | 3.65 | % |  | 4.45 | %
Expected return on plan assets | 5.00 | % |  | 5.50 | %
CPI Inflation | 2.10 | % |  | 2.70 | %
RPI Inflation | 3.20 | % |  | 3.60 | %
Schedule of expected pension benefit payments |
2016 | $ | 18,500 |
2017 | 19,100 |
2018 | 19,700 |
2019 | 20,300 |
2020 | 20,900 |
Years 2021 - 2025 | 114,725 |
Schedule of pension plan assets measured at fair value on a recurring basis |
December 31, 2015 | Quoted Prices in Active Markets for Identical Inputs (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Plan net assets: |  |  |  |  |  |  |
Temporary cash investments | $ | — |  |  | $ | 5,181 |  |  | $ | — |  |  | $ | 5,181 |
Index-linked gilts | — |  |  | 123,257 |  |  | — |  |  | 123,257 |
Corporate bonds | — |  |  | 100,701 |  |  | — |  |  | 100,701 |
Corporate stock | — |  |  | 172,456 |  |  | — |  |  | 172,456 |
Diversified growth funds | — |  |  | 116,531 |  |  | — |  |  | 116,531 |
Total plan net assets at fair value | $ | — |  |  | $ | 518,126 |  |  | $ | — |  |  | $ | 518,126 |
December 27, 2014 | Quoted Prices in Active Markets for Identical Inputs (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Plan net assets: |  |  |  |  |  |  |
Temporary cash investments | $ | — |  |  | $ | 12,320 |  |  | $ | — |  |  | $ | 12,320 |
Index-linked gilts | — |  |  | 135,229 |  |  | — |  |  | 135,229 |
Corporate bonds | — |  |  | 107,880 |  |  | — |  |  | 107,880 |
Corporate stock | — |  |  | 176,010 |  |  | — |  |  | 176,010 |
Diversified growth funds | — |  |  | 110,720 |  |  | — |  |  | 110,720 |
Total plan net assets at fair value | $ | — |  |  | $ | 542,159 |  |  | $ | — |  |  | $ | 542,159 |

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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References No definition available. + Details
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