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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

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 31, 2022:
Allowance for possible losses on accounts receivable	$	5,085	$	79,862	$	(73,220)	$	11,727
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

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

Schedule of Components of Property, Plant and Equipment


	Year Ended
	December 31,		December 25,
	2022		2021
Land and improvements	$	171,729	$	163,289
Building and improvements		355,228		329,698
Machinery and equipment		708,095		632,864
Furniture and fixtures		23,186		24,063
Construction in progress		121,730		62,199
Total Property, Plant and Equipment, Gross	$	1,379,968	$	1,212,113

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 31,		December 25,		December 26,		2022 vs. 2021	2021 vs. 2020
	2022		2021		2020		% Change	% Change
Point in Time Revenue	$	9,442,794	$	8,512,012	$	5,025,895	10.9%	69.4%
Over Time Revenue		183,945		124,122		128,103	48.2%	(3.1)%
Total Net Sales	$	9,626,739	$	8,636,134	$	5,153,998	11.5%	67.6%

Schedule of Percentage of Completion Account Balances

The following table presents the balances of over time accounting accounts on December 31, 2022 and December 25, 2021 which are included in “Other current assets” and “Accrued liabilities: Other”, respectively (in thousands):


	December 31,		December 25,
	2022		2021
Cost and Earnings in Excess of Billings	$	6,798	$	5,602
Billings in Excess of Cost and Earnings		10,184		10,744

Schedule of Computation of earnings per share

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



	December 31,		December 25,		December 26,
	2022		2021		2020
Numerator:
Net earnings attributable to controlling interest	$	692,651	$	535,640	$	246,778
Adjustment for earnings allocated to non-vested restricted common stock		(27,488)		(17,342)		(6,903)
Net earnings for calculating EPS	$	665,163	$	518,298	$	239,875
Denominator:
Weighted average shares outstanding		62,667		62,209		61,632
Adjustment for non-vested restricted common stock		(2,487)		(2,014)		(1,724)
Shares for calculating basic EPS		60,180		60,195		59,908
Effect of dilutive restricted common stock		473		159		20
Shares for calculating diluted EPS		60,653		60,354		59,928
Net earnings per share:
Basic	$	11.05	$	8.61	$	4.00
Diluted	$	10.97	$	8.59	$	4.00