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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 26, 2021

Accounting Policies [Abstract]

Components of inventories

Inventories consisted of the following:

			June 26, 2021						December 26, 2020
Raw materials and purchased parts			$	234,246					$	155,512
Work-in-process			43,863						33,632
Finished goods and manufactured goods			315,389						259,797
Total Inventory			$	593,498					$	448,941

Earnings before income taxes

Earnings before income taxes for the thirteen and twenty-six weeks ended June 26, 2021 and June 27, 2020, were as follows:    

			Thirteen weeks ended												Twenty-six weeks ended
			2021						2020						2021						2020
United States			$	57,090					$	54,237					$	108,245					$	107,737
Foreign			20,666						(18,621)						40,374						(14,695)
			$	77,756					$	35,616					$	148,619					$	93,042

Schedule of components of the net periodic pension (benefit) expense

The components of the net periodic pension (benefit) expense for the thirteen and twenty-six weeks ended June 26, 2021 and June 27, 2020 were as follows:

			Thirteen weeks ended												Twenty-six weeks ended
Net periodic (benefit) expense:			2021						2020						2021						2020
Interest cost			$	2,530					$	3,160					$	5,027					$	6,284
Expected return on plan assets			(7,097)						(5,664)						(14,102)						(11,262)
Amortization of actuarial loss			843						720						1,675						1,431
Net periodic (benefit) expense			$	(3,724)					$	(1,784)					$	(7,400)					$	(3,547)

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 and restricted stock for the thirteen and twenty-six weeks ended June 26, 2021 and June 27, 2020, respectively, were as follows:

			Thirteen weeks ended												Twenty-six weeks ended
			2021						2020						2021						2020
Compensation expense			$	4,277					$	2,346					$	8,948					$	5,671
Income tax benefits			1,069						587						2,237						1,418

Subsequent to June 26, 2021, the Company granted approximately 153,000 restricted shares, worth approximately $38,000, to certain employees of Prospera Technologies, Ltd. ("Prospera"). The restricted shares vest in equal installments over four years.

Valuation methodologies used for assets and liabilities measured at fair value

									Fair Value Measurement Using:
			Carrying Value June 26, 2021						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities			$	35,479					$	35,479					$	—					$	—
Derivative financial instruments, net			21,215						—						21,215						—

									Fair Value Measurement Using:
			Carrying Value December 26, 2020						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities			$	35,327					$	35,327					$	—					$	—
Liabilities:
Derivative financial instruments, net			(5,911)						—						(5,911)						—

Components of accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss) consisted of the following at June 26, 2021 and December 26, 2020:

			Foreign Currency Translation Adjustments						Gain on Hedging Activities						Defined Benefit Pension Plan						Accumulated Other Comprehensive Loss
Balance at December 26, 2020			$	(213,064)					$	15,550					$	(112,272)					$	(309,786)
Current-period comprehensive income (loss)			(2,496)						27,172						1,675						26,351
Balance at June 26, 2021			$	(215,560)					$	42,722					$	(110,597)					$	(283,435)

Disaggregation of revenue

A breakdown by segment of revenue recognized over time and at a point in time for the thirteen and twenty-six weeks ended June 26, 2021 and June 27, 2020 is as follows:

			Point in Time						Over Time						Point in Time						Over Time
			Thirteen weeks ended June 26, 2021						Thirteen weeks ended June 26, 2021						Twenty-six weeks ended June 26, 2021						Twenty-six weeks ended June 26, 2021
Utility Support Structures			$	9,127					$	258,736					$	15,421					$	505,140
Engineered Support Structures			260,001						9,339						473,847						17,649
Coatings			77,605						—						149,196						—
Irrigation			274,903						4,918						499,540						8,722
Total			$	621,636					$	272,993					$	1,138,004					$	531,511

			Point in Time						Over Time						Point in Time						Over Time
			Thirteen weeks ended June 27, 2020						Thirteen weeks ended June 27, 2020						Twenty-six weeks ended June 27, 2020						Twenty-six weeks ended June 27, 2020
Utility Support Structures			$	4,619					$	223,854					$	13,543					$	437,878
Engineered Support Structures			236,827						12,046						452,706						23,533
Coatings			62,667						—						131,257						—
Irrigation			144,988						3,807						296,730						7,361
Total			$	449,101					$	239,707					$	894,236					$	468,772

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