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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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 30, 2023: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Allowance for possible losses on accounts receivable | ​ | $ | 11,727 | ​ | $ | 56,522 | ​ | $ | (63,116) | ​ | $ | 5,133
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
* | 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 30, |  | December 31,
​ | ​ | 2023 | ​ | 2022
Land and improvements |  | $ | 185,188 | ​ | $ | 171,729
Building and improvements | ​ | ​ | 400,232 | ​ | ​ | 355,228
Machinery and equipment | ​ | ​ | 884,880 | ​ | ​ | 708,095
Furniture and fixtures | ​ |  | 26,275 | ​ | ​ | 23,186
Construction in progress | ​ |  | 62,729 | ​ | ​ | 121,730
Total Property, Plant and Equipment, Gross | ​ | $ | 1,559,304 | ​ | $ | 1,379,968
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 30, |  | December 31, | ​ | December 25, |  | 2023 vs. 2022 | ​ | 2022 vs. 2021
​ | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | % Change | ​ | % Change
Point in Time Revenue | ​ | $ | 7,069,690 | ​ | $ | 9,442,794 | ​ | $ | 8,512,012 |  | (25.1)% | ​ | 10.9%
Over Time Revenue | ​ |  | 148,694 | ​ | ​ | 183,945 | ​ | ​ | 124,122 |  | (19.2)% | ​ | 48.2%
Total Net Sales | ​ | $ | 7,218,384 | ​ | $ | 9,626,739 | ​ | $ | 8,636,134 |  | (25.0)% | ​ | 11.5%
Schedule of Percentage of Completion Account Balances | The following table presents the balances of over time accounting accounts on December 30, 2023 and December 31, 2022 which are included in “Other current assets” and “Accrued liabilities: Other”, respectively (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 30, | ​ | December 31,
​ |  | 2023 |  | 2022
Cost and Earnings in Excess of Billings |  | $ | 3,572 |  | $ | 6,798
Billings in Excess of Cost and Earnings | ​ |  | 9,487 |  |  | 10,184
Schedule of Computation of earnings per share | The computation of EPS is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 30, |  | December 31, |  | December 25,
​ | ​ | 2023 | ​ | 2022 | ​ | 2021
Numerator: |  | ​ |  |  | ​ |  |  | ​ |
Net earnings attributable to controlling interest | ​ | $ | 514,312 | ​ | $ | 692,651 | ​ | $ | 535,640
Adjustment for earnings allocated to non-vested restricted common stock equivalents | ​ |  | (25,139) | ​ |  | (27,488) | ​ |  | (17,342)
Net earnings for calculating EPS | ​ | $ | 489,173 | ​ | $ | 665,163 | ​ | $ | 518,298
Denominator: | ​ |  |  | ​ |  |  | ​ |  |
Weighted average shares outstanding | ​ |  | 62,683 | ​ |  | 62,667 | ​ |  | 62,209
Adjustment for non-vested restricted common stock equivalents | ​ |  | (3,064) | ​ |  | (2,487) | ​ |  | (2,014)
Shares for calculating basic EPS | ​ |  | 59,619 | ​ |  | 60,180 | ​ |  | 60,195
Effect of dilutive restricted common stock equivalents | ​ |  | 1,020 | ​ |  | 473 | ​ |  | 159
Shares for calculating diluted EPS | ​ |  | 60,639 | ​ |  | 60,653 | ​ |  | 60,354
Net earnings per share: | ​ |  |  | ​ |  |  | ​ |  |
Basic | ​ | $ | 8.21 | ​ | $ | 11.05 | ​ | $ | 8.61
Diluted | ​ | $ | 8.07 | ​ | $ | 10.97 | ​ | $ | 8.59

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