XML 26 R17.htm IDEA: XBRL DOCUMENT
v3.22.2.2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
--- | ---
Sep. 24, 2022
Accounting Policies [Abstract] |
Components of inventories | Inventories consisted of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 24, | ​ | December 25,
​ | ​ | 2022 |  | 2021
Raw materials and purchased parts | ​ | $ | 274,713 | ​ | $ | 278,107
Work-in-process | ​ |  | 77,806 | ​ |  | 63,628
Finished goods and manufactured goods | ​ |  | 393,763 | ​ |  | 387,099
Total Inventory | ​ | $ | 746,282 | ​ | $ | 728,834
Earnings before income taxes | Earnings before income taxes for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Thirteen weeks ended | ​ | Thirty-nine weeks ended | ​
​ | ​ | 2022 |  | 2021 | ​ | 2022 |  | 2021 | ​
United States | ​ | $ | 41,146 | ​ | $ | 47,784 | ​ | $ | 164,177 | ​ | $ | 156,028 | ​
Foreign | ​ |  | 59,625 | ​ |  | 20,909 | ​ |  | 130,328 | ​ |  | 61,284 | ​
​ | ​ | $ | 100,771 | ​ | $ | 68,693 | ​ | $ | 294,505 | ​ | $ | 217,312 | ​
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, 2022 and September 25, 2021 were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen weeks ended | ​ | Thirty-nine weeks ended | ​
Net periodic (benefit) expense: | ​ | 2022 |  | 2021 | ​ | 2022 |  | 2021 | ​
Interest cost | ​ | $ | 2,930 | ​ | $ | 2,479 | ​ | $ | 9,452 | ​ | $ | 7,508 | ​
Expected return on plan assets | ​ |  | (5,400) | ​ |  | (6,957) | ​ |  | (17,420) | ​ |  | (21,061) | ​
Amortization of actuarial loss | ​ |  | 115 | ​ |  | 827 | ​ |  | 371 | ​ |  | 2,502 | ​
Net periodic benefit | ​ | $ | (2,355) | ​ | $ | (3,651) | ​ | $ | (7,597) | ​ | $ | (11,051) | ​
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 thirty-nine weeks ended September 24, 2022 and September 25, 2021, respectively, were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen weeks ended | ​ | Thirty-nine weeks ended
​ | ​ | 2022 |  | 2021 |  | 2022 |  | 2021
Compensation expense | ​ | $ | 10,415 | ​ | $ | 8,947 | ​ | $ | 29,998 | ​ | $ | 17,895
Income tax benefits | ​ |  | 2,604 | ​ |  | 2,237 | ​ |  | 7,500 | ​ |  | 4,474
Valuation methodologies used for assets and liabilities measured at fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurement Using:
​ | ​ | ​ |  | Quoted Prices in |  | Significant Other |  | Significant
​ | ​ | ​ | ​ | ​ | Active Markets | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying Value | ​ | for Identical | ​ | Inputs | ​ | Inputs
​ | ​ | September 24, 2022 | ​ | Assets (Level 1) | ​ | (Level 2) | ​ | (Level 3)
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trading securities | ​ | $ | 23,839 | ​ | $ | 23,839 | ​ | $ | — | ​ | $ | —
Derivative financial instruments, net | ​ | $ | 8,690 | ​ | $ | — | ​ | $ | 8,690 | ​ | $ | —
Marketable securities | ​ | $ | 6,292 | ​ | $ | — | ​ | $ | 6,292 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurement Using:
​ | ​ | ​ |  | Quoted Prices in |  | Significant Other |  | Significant
​ | ​ | Carrying Value | ​ | Active Markets | ​ | Observable | ​ | Unobservable
​ | ​ | December 25, | ​ | for Identical | ​ | Inputs | ​ | Inputs
​ | ​ | 2021 | ​ | Assets (Level 1) | ​ | (Level 2) | ​ | (Level 3)
Assets (Liabilities): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trading securities | ​ | $ | 30,076 | ​ | $ | 30,076 | ​ | $ | — | ​ | $ | —
Derivative financial instruments, net | ​ | $ | (4,007) | ​ | $ | — | ​ | $ | (4,007) | ​ | $ | —
Components of accumulated other comprehensive income (loss) |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Foreign |  | ​ | ​ |  | ​ | ​ |  | Accumulated
​ | ​ | Currency | ​ | Gain on | ​ | Defined | ​ | Other
​ | ​ | Translation | ​ | Hedging | ​ | Benefit | ​ | Comprehensive
​ | ​ | Adjustments | ​ | Activities | ​ | Pension Plan | ​ | Loss
Balance at December 25, 2021 | ​ | $ | (243,350) | ​ | $ | 15,777 | ​ | $ | (35,554) | ​ | $ | (263,127)
Current-period comprehensive income (loss) | ​ |  | (76,052) | ​ |  | 10,688 | ​ |  | 371 | ​ |  | (64,993)
Balance at September 24, 2022 | ​ | $ | (319,402) | ​ | $ | 26,465 | ​ | $ | (35,183) | ​ | $ | (328,120)

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=123874694&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration