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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 25, 2021

Schedule of Accounts Receivable Allowances

The following table presents the activity in our accounts receivable allowances (in thousands):


			Additions
			Charged to
	Beginning		Costs and				Ending
	Balance		Expenses		Deductions*		Balance
Year Ended December 25, 2021:
Allowance for possible losses on accounts receivable	$	4,629	$	66,883	$	(66,427)	$	5,085
Year Ended December 26, 2020:
Allowance for possible losses on accounts receivable	$	4,440	$	48,954	$	(48,765)	$	4,629
Year Ended December 28, 2019:
Allowance for possible losses on accounts receivable	$	2,601	$	39,481	$	(37,642)	$	4,440

*	Includes accounts charged off, discounts given to customers and actual customer returns and allowances.

Schedule of Estimated Useful Lives of Property, Plant, and Equipment


Land improvements		5 to 15 years
Buildings and improvements		10 to 32 years
Machinery, equipment and office furniture		2 to 20 years

Schedule of Disaggregation of revenue

The following table presents our net sales disaggregated by revenue source (in thousands):


	Year Ended
	December 25,		December 26,		December 28,		2021 vs. 2020	2020 vs. 2019
	2021		2020		2019		% Change	% Change
FOB Shipping Point Revenue	$	8,512,012	$	5,025,895	$	4,272,583	69.4%	17.6%
Construction Contract Revenue		124,122		128,103		143,426	(3.1)%	(10.7)%
Total Net Sales	$	8,636,134	$	5,153,998	$	4,416,009	67.6%	16.7%

Schedule of Percentage of Completion Account Balances

The following table presents the balances of over time accounting accounts on December 25, 2021 and December 26, 2020 which are included in “Other current assets” and “Accrued liabilities: Other”, respectively (in thousands):


	December 25,		December 26,
	2021		2020
Cost and Earnings in Excess of Billings	$	5,602	$	4,169
Billings in Excess of Cost and Earnings		10,744		11,530

Schedule of Computation of earnings per share

The computation of EPS is as follows (in thousands):



	December 25,		December 26,		December 28,
	2021		2020		2019
Numerator:
Net earnings attributable to controlling interest	$	535,640	$	246,778	$	179,650
Adjustment for earnings allocated to non-vested restricted common stock		(17,342)		(6,903)		(4,496)
Net earnings for calculating EPS	$	518,298	$	239,875	$	175,154
Denominator:
Weighted average shares outstanding		62,209		61,632		61,649
Adjustment for non-vested restricted common stock		(2,014)		(1,724)		(1,543)
Shares for calculating basic EPS		60,195		59,908		60,106
Effect of dilutive restricted common stock		159		20		24
Shares for calculating diluted EPS		60,354		59,928		60,130
Net earnings per share:
Basic	$	8.61	$	4.00	$	2.91
Diluted	$	8.59	$	4.00	$	2.91