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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Sep. 24, 2016
Accounting Policies [Abstract] |
Components of inventories | Inventories consisted of the following:
| September 24, 2016 |  | December 26, 2015
Raw materials and purchased parts | $ | 174,442 |  |  | $ | 162,977 |
Work-in-process | 26,079 |  |  | 25,644 |
Finished goods and manufactured goods | 217,371 |  |  | 187,126 |
Subtotal | 417,892 |  |  | 375,747 |
Less: LIFO reserve | 38,267 |  |  | 35,075 |
| $ | 379,625 |  |  | $ | 340,672 |
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries | Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries for the thirteen and thirty-nine weeks ended September 24, 2016 and September 26, 2015, were as follows:
| Thirteen Weeks Ended |  | Thirty-nine Weeks Ended
| 2016 |  | 2015 |  | 2016 |  | 2015
United States | $ | 21,550 |  |  | $ | 26,343 |  |  | $ | 105,390 |  |  | $ | 92,625 |
Foreign | 22,239 |  |  | (776 | ) |  | 51,486 |  |  | 24,743 |
| $ | 43,789 |  |  | $ | 25,567 |  |  | $ | 156,876 |  |  | $ | 117,368 |
Schedule of components of the net periodic pension (benefit) expense | The components of the net periodic pension (benefit) expense for the thirteen and thirty-nine weeks ended September 24, 2016 and September 26, 2015 were as follows:
| Thirteen Weeks Ended |  | Thirty-nine Weeks Ended
Net periodic (benefit) expense: | 2016 |  | 2015 |  | 2016 |  | 2015
Interest cost | $ | 6,092 |  |  | $ | 6,186 |  |  | $ | 19,134 |  |  | $ | 18,486 |
Expected return on plan assets | (5,565 | ) |  | (6,341 | ) |  | (17,648 | ) |  | (18,946 | )
Net periodic (benefit) expense | $ | 527 |  |  | $ | (155 | ) |  | $ | 1,486 |  |  | $ | (460 | )
Compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options | The Company's compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options for the thirteen and thirty-nine weeks ended September 24, 2016 and September 26, 2015, respectively, were as follows:
| Thirteen Weeks Ended |  | Thirty-nine Weeks Ended
| 2016 |  | 2015 |  | 2016 |  | 2015
Compensation expense | $ | 1,399 |  |  | $ | 1,283 |  |  | $ | 4,358 |  |  | $ | 3,936 |
Income tax benefits | 539 |  |  | 494 |  |  | 1,678 |  |  | 1,515 |
Valuation methodologies used for assets and liabilities measured at fair value |
|  |  | Fair Value Measurement Using:
| Carrying Value September 24, 2016 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |
Trading Securities | $ | 38,646 |  |  | $ | 38,646 |  |  | $ | — |  |  | $ | — |
|  |  | Fair Value Measurement Using:
| Carrying Value December 26, 2015 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |
Trading Securities | $ | 42,697 |  |  | $ | 42,697 |  |  | $ | — |  |  | $ | — |
Components of accumulated other comprehensive income (loss) | Accumulated other comprehensive income (loss) consisted of the following at September 24, 2016 and December 26, 2015:
| Foreign Currency Translation Adjustments |  | Gain on Hedging Activities |  | Defined Benefit Pension Plan |  | Accumulated Other Comprehensive Income
Balance at December 26, 2015 | $ | (191,928 | ) |  | $ | 3,678 |  |  | $ | (78,968 | ) |  | $ | (267,218 | )
Current-period comprehensive income (loss) | (14,070 | ) |  | 4,953 |  |  | 10,366 |  |  | 1,249 |
Balance at September 24, 2016 | $ | (205,998 | ) |  | $ | 8,631 |  |  | $ | (68,602 | ) |  | $ | (265,969 | )

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=66048111&loc=SL7498348-110258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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