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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Sep. 27, 2025
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of inventories | As of September 27, 2025 and December 28, 2024, inventories consisted of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 27, | ​ | December 28,
​ | ​ | 2025 |  | 2024
Raw materials and purchased parts | ​ | $ | 271,317 | ​ | $ | 231,811
Work in process | ​ |  | 35,245 | ​ |  | 35,466
Finished and manufactured goods | ​ |  | 284,789 | ​ |  | 322,986
Total inventories | ​ | $ | 591,351 | ​ | $ | 590,263
Schedule of earnings before income taxes and equity in loss of nonconsolidated subsidiaries | Earnings (loss) before income taxes and equity in loss of nonconsolidated subsidiaries for the thirteen and thirty-nine weeks ended September 27, 2025 and September 28, 2024 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Thirteen weeks ended | ​ | Thirty-nine weeks ended
​ | ​ | September 27, | ​ | September 28, | ​ | September 27, | ​ | September 28,
​ | ​ | 2025 |  | 2024 |  | 2025 |  | 2024
United States | ​ | $ | 126,577 | ​ | $ | 78,520 | ​ | $ | 299,695 | ​ | $ | 259,463
Foreign | ​ |  | 4,960 | ​ |  | 33,835 | ​ |  | (31,126) | ​ |  | 103,565
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries | ​ | $ | 131,537 | ​ | $ | 112,355 | ​ | $ | 268,569 | ​ | $ | 363,028
Schedule of components of the net periodic pension cost | The components of the net periodic pension cost for the thirteen and thirty-nine weeks ended September 27, 2025 and September 28, 2024 were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen weeks ended | ​ | Thirty-nine weeks ended
​ | ​ | September 27, | ​ | September 28, | ​ | September 27, | ​ | September 28,
​ | ​ | 2025 |  | 2024 |  | 2025 |  | 2024
Interest cost | ​ | $ | 5,706 | ​ | $ | 5,445 | ​ | $ | 16,872 | ​ | $ | 15,929
Expected return on plan assets | ​ |  | (5,908) | ​ |  | (5,808) | ​ |  | (17,470) | ​ |  | (16,991)
Amortization of prior service costs | ​ |  | 135 | ​ |  | 132 | ​ |  | 399 | ​ |  | 386
Amortization of net actuarial loss | ​ |  | 338 | ​ |  | 396 | ​ |  | 999 | ​ |  | 1,158
Net periodic pension cost | ​ | $ | 271 | ​ | $ | 165 | ​ | $ | 800 | ​ | $ | 482
​
Schedule of compensation expense (included in selling, general and administrative expenses) and associated income tax benefits | For the thirteen and thirty-nine weeks ended September 27, 2025 and September 28, 2024, the Company recorded stock-based compensation expenses (included in “Selling, general, and administrative expenses” in the Condensed Consolidated Statements of Earnings) and associated tax benefits as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen weeks ended | ​ | Thirty-nine weeks ended
​ | ​ | September 27, | ​ | September 28, | ​ | September 27, | ​ | September 28,
​ | ​ | 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based compensation | ​ | $ | 6,019 | ​ | $ | 7,557 | ​ | $ | 19,396 | ​ | $ | 21,665
Income tax benefits | ​ |  | 1,504 | ​ |  | 1,889 | ​ |  | 4,849 | ​ |  | 5,416
Schedule of short-term investments in various mutual funds | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying Value | ​ | Fair Value Measurement Using:
​ | ​ | September 27, 2025 | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
Deferred compensation investments | ​ | $ | 28,656 | ​ | $ | 28,656 | ​ | $ | — | ​ | $ | —
Derivative financial instruments, net | ​ | ​ | (5,080) | ​ | ​ | — | ​ | ​ | (5,080) | ​ | ​ | —
Cash and cash equivalents—mutual funds | ​ | ​ | 9,641 | ​ | ​ | 9,641 | ​ | ​ | — | ​ | ​ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying Value | ​ | Fair Value Measurement Using:
​ | ​ | December 28, 2024 | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
Deferred compensation investments | ​ | $ | 27,379 | ​ | $ | 27,379 | ​ | $ | — | ​ | $ | —
Derivative financial instruments, net | ​ | ​ | 1,320 | ​ | ​ | — | ​ | ​ | 1,320 | ​ | ​ | —
Cash and cash equivalents—mutual funds | ​ | ​ | 11,063 | ​ | ​ | 11,063 | ​ | ​ | — | ​ | ​ | —
Schedule of accumulated other comprehensive income (loss) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 27, | ​ | December 28,
​ | ​ | 2025 |  | 2024
Foreign currency translation adjustments | ​ | $ | (248,581) | ​ | $ | (306,159)
Hedging activities | ​ | ​ | 16,212 | ​ | ​ | 21,350
Defined benefit pension plan | ​ | ​ | (46,918) | ​ | ​ | (47,966)
Accumulated other comprehensive loss | ​ | $ | (279,287) | ​ | $ | (332,775)
Schedule of outstanding finance program obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 27, | ​ | December 28,
​ | ​ | 2025 |  | 2024
Confirmed obligations outstanding—beginning of period | ​ | $ | 45,602 | ​ | $ | 41,916
Invoices confirmed | ​ |  | 205,305 | ​ |  | 216,731
Confirmed invoices paid | ​ |  | (190,102) | ​ |  | (213,045)
Confirmed obligations outstanding—end of period | ​ | $ | 60,805 | ​ | $ | 45,602

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