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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 30, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Tax, Domestic and Foreign | Earnings before income taxes and equity in loss of nonconsolidated subsidiaries for the fiscal years ended December 30, 2023, December 31, 2022, and December 25, 2021 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Year Ended
​ | ​ | December 30, | ​ | December 31, | ​ | December 25,
​ | ​ | 2023 |  | 2022 |  | 2021
United States | ​ | $ | 195,491 | ​ | $ | 224,370 | ​ | $ | 202,051
Foreign | ​ |  | 40,961 | ​ |  | 139,518 | ​ |  | 58,032
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries | ​ | $ | 236,452 | ​ | $ | 363,888 | ​ | $ | 260,083
Schedule of Income Tax Expense (Benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Year Ended
​ | ​ | December 30, | ​ | December 31, | ​ | December 25,
​ | ​ | 2023 |  | 2022 |  | 2021
United States | ​ | $ | 195,491 | ​ | $ | 224,370 | ​ | $ | 202,051
Foreign | ​ |  | 40,961 | ​ |  | 139,518 | ​ |  | 58,032
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries | ​ | $ | 236,452 | ​ | $ | 363,888 | ​ | $ | 260,083
Schedule of Reconciliation of Statutory Federal Income Tax Rate and Effective Tax Rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fiscal Year Ended
​ | ​ | December 30, | ​ | December 31, | ​ | December 25,
​ | ​ | 2023 |  | 2022 |  | 2021
Current: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 42,226 | ​ | $ | 48,309 | ​ | $ | 30,031
State | ​ |  | 8,480 | ​ |  | 11,888 | ​ |  | 8,891
Foreign | ​ |  | 56,107 | ​ |  | 48,273 | ​ |  | 20,644
Total current income tax expense | ​ |  | 106,813 | ​ |  | 108,470 | ​ |  | 59,566
Non-current: | ​ | ​ | 1,957 | ​ | ​ | 1,442 | ​ | ​ | 1,777
Deferred: | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ |  | (12,585) | ​ |  | (7,544) | ​ |  | 4,587
State | ​ |  | (2,586) | ​ |  | (1,973) | ​ |  | 558
Foreign | ​ |  | (3,478) | ​ |  | 8,292 | ​ |  | (5,074)
Total deferred income tax expense (benefit) | ​ |  | (18,649) | ​ |  | (1,225) | ​ |  | 71
Total income tax expense | ​ | $ | 90,121 | ​ | $ | 108,687 | ​ | $ | 61,414
​ The reconciliations of the statutory federal income tax rate and the effective tax rate for the fiscal years ended December 30, 2023, December 31, 2022, and December 25, 2021 were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fiscal Year Ended
​ | ​ | December 30, | ​ | December 31, | ​ | December 25,
​ | ​ | 2023 |  | 2022 |  | 2021
Statutory federal income tax rate |  | 21.0 | % | ​ | 21.0 | % | ​ | 21.0 | %
State income taxes, net of federal benefit |  | 1.8 |  | ​ | 2.3 |  | ​ | 2.9 | ​
Carryforwards, credits and changes in valuation allowances |  | (2.4) |  | ​ | 1.0 |  | ​ | 1.5 | ​
Foreign jurisdictional tax rate differences |  | 4.6 |  | ​ | 4.2 |  | ​ | (0.1) | ​
Changes in unrecognized tax benefits |  | 0.8 |  | ​ | 0.3 |  | ​ | 0.7 | ​
Impairment of long-lived assets |  | 11.9 |  | ​ | — |  | ​ | — | ​
Excess tax benefit on equity compensation | ​ | 1.1 | ​ | ​ | 0.5 | ​ | ​ | 0.7 | ​
Loss from divestiture of offshore wind energy structures business | ​ | — |  | ​ | 2.2 |  | ​ | — | ​
Other |  | (0.7) |  | ​ | (1.6) |  | ​ | (3.1) | ​
Effective tax rate |  | 38.1 | % | ​ | 29.9 | % | ​ | 23.6 | %
Schedule of Tax Effects of Significant Items Comprising Net Deferred Income Tax Liabilities | The tax effects of significant items comprising the Company’s net deferred income tax assets (liabilities) as of December 30, 2023 and December 31, 2022 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 30, | ​ | December 31,
​ | ​ | 2023 |  | 2022
Deferred income tax assets: |  | ​ |  |  | ​ |
Accrued expenses and allowances | ​ | $ | 36,883 | ​ | $ | 25,927
Tax credits and loss carryforwards | ​ |  | 58,519 | ​ |  | 67,249
Inventory allowances | ​ |  | 8,427 | ​ |  | 7,912
Accrued compensation and benefits | ​ |  | 23,880 | ​ |  | 24,398
Lease liabilities | ​ |  | 41,769 | ​ |  | 40,709
Research and development expenditures | ​ | ​ | 22,751 | ​ |  | 7,650
Deferred compensation | ​ |  | 16,163 | ​ |  | 16,308
Gross deferred income tax assets | ​ |  | 208,392 | ​ |  | 190,153
Valuation allowance | ​ |  | (48,632) | ​ |  | (48,974)
Net deferred income tax assets | ​ |  | 159,760 | ​ |  | 141,179
Deferred income tax liabilities: | ​ |  |  | ​ |  |
Property, plant, and equipment | ​ |  | 42,299 | ​ |  | 45,300
Intangible assets | ​ |  | 52,017 | ​ |  | 52,750
Defined benefit pension asset | ​ |  | 3,851 | ​ |  | 6,054
Lease assets | ​ |  | 42,717 | ​ |  | 40,708
Other deferred tax liabilities | ​ |  | 6,616 | ​ |  | 4,941
Total deferred income tax liabilities | ​ |  | 147,500 | ​ |  | 149,753
Net deferred income tax assets (liabilities) | ​ | $ | 12,260 | ​ | $ | (8,574)
Schedule of Deferred Income Tax Assets (Liabilities) Presented on the Consolidated Balance Sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 30, | ​ | December 31,
​ | ​ | 2023 |  | 2022
Deferred income tax assets: |  | ​ |  |  | ​ |
Accrued expenses and allowances | ​ | $ | 36,883 | ​ | $ | 25,927
Tax credits and loss carryforwards | ​ |  | 58,519 | ​ |  | 67,249
Inventory allowances | ​ |  | 8,427 | ​ |  | 7,912
Accrued compensation and benefits | ​ |  | 23,880 | ​ |  | 24,398
Lease liabilities | ​ |  | 41,769 | ​ |  | 40,709
Research and development expenditures | ​ | ​ | 22,751 | ​ |  | 7,650
Deferred compensation | ​ |  | 16,163 | ​ |  | 16,308
Gross deferred income tax assets | ​ |  | 208,392 | ​ |  | 190,153
Valuation allowance | ​ |  | (48,632) | ​ |  | (48,974)
Net deferred income tax assets | ​ |  | 159,760 | ​ |  | 141,179
Deferred income tax liabilities: | ​ |  |  | ​ |  |
Property, plant, and equipment | ​ |  | 42,299 | ​ |  | 45,300
Intangible assets | ​ |  | 52,017 | ​ |  | 52,750
Defined benefit pension asset | ​ |  | 3,851 | ​ |  | 6,054
Lease assets | ​ |  | 42,717 | ​ |  | 40,708
Other deferred tax liabilities | ​ |  | 6,616 | ​ |  | 4,941
Total deferred income tax liabilities | ​ |  | 147,500 | ​ |  | 149,753
Net deferred income tax assets (liabilities) | ​ | $ | 12,260 | ​ | $ | (8,574)
​ Deferred income tax assets (liabilities) were presented as follows as of December 30, 2023 and December 31, 2022 in the Consolidated Balance Sheets:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 30, | ​ | December 31,
​ | ​ | 2023 |  | 2022
Other non-current assets | ​ | $ | 33,465 | ​ | $ | 32,517
Deferred income taxes | ​ |  | (21,205) | ​ |  | (41,091)
Net deferred income tax assets (liabilities) | ​ | $ | 12,260 | ​ | $ | (8,574)
Schedule of Activity Related to Unrecognized Tax Benefits | The following summarizes the activity related to the unrecognized tax benefits for the fiscal years ended December 30, 2023 and December 31, 2022:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fiscal Year Ended
​ | ​ | December 30, | ​ | December 31,
​ | ​ | 2023 |  | 2022
Gross unrecognized tax benefits—beginning of period | ​ | $ | 2,536 | ​ | $ | 2,664
Gross increases—tax positions in prior period | ​ |  | 2,174 | ​ |  | 1,133
Gross increases—current‑period tax positions | ​ |  | 370 | ​ |  | 523
Settlements with taxing authorities | ​ |  | (32) | ​ |  | (1,576)
Lapses of statutes of limitation | ​ |  | (742) | ​ |  | (208)
Gross unrecognized tax benefits—end of period | ​ | $ | 4,306 | ​ | $ | 2,536

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