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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 28, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Accounts Receivable Allowances

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

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Additions

​

​

​

​

​

​

​

​

​

Charged to

​

​

​

​

​

​

​

​

Beginning

​

Costs and

​

​

​

Ending

​

​

Balance

​

Expenses

​

Deductions*

​

Balance

Year Ended December 28, 2024:

​

​

​

​

Allowance for possible losses on accounts receivable

​

$

5,133

​

$

65,463

​

$

(66,392)

​

$

4,204

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

* 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 28,			December 30,
​	​	2024		​	2023
Land and improvements		$	200,732	​	$	185,188
Building and improvements	​	​	430,795	​	​	400,232
Machinery and equipment	​	​	977,631	​	​	884,880
Furniture and fixtures	​		35,060	​	​	26,275
Construction in progress	​		105,993	​	​	62,729
Total Property, Plant and Equipment, Gross	​	$	1,750,211	​	$	1,559,304

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):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended

​

December 28,

December 30,

​

December 31,

2024 vs. 2023

​

2023 vs. 2022

​

​

2024

​

2023

​

2022

​

% Change

​

% Change

Point in Time Revenue

​

$

6,489,190

​

$

7,069,690

​

$

9,442,794

(8.2)%

​

(25.1)%

Over Time Revenue

​

163,119

​

​

148,694

​

​

183,945

9.7%

​

(19.2)%

Total Net Sales

​

$

6,652,309

​

$

7,218,384

​

$

9,626,739

(7.8)%

​

(25.0)%

Schedule of Percentage of Completion Account Balances

The following table presents the balances of over time accounting accounts on December 28, 2024 and December 30, 2023 which are included in “Other current assets” and “Accrued liabilities: Other”, respectively (in thousands):

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​	​	​	​	​	​	​
​	​	December 28,		​	December 30,
​		2024			2023
Cost and Earnings in Excess of Billings		$	7,478		$	3,572
Billings in Excess of Cost and Earnings	​		6,483			9,487

Schedule of computation of earnings per share

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

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​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
​		December 28,			December 30,			December 31,
​	​	2024		​	2023		​	2022
Numerator:		​			​			​
Net earnings attributable to controlling interest	​	$	414,560	​	$	514,312	​	$	692,651
Adjustment for earnings allocated to non-vested restricted common stock equivalents	​		(16,096)	​		(25,139)	​		(27,488)
Net earnings for calculating EPS	​	$	398,464	​	$	489,173	​	$	665,163
Denominator:	​			​			​
Weighted average shares outstanding	​		61,402	​		62,683	​		62,667
Adjustment for non-vested restricted common stock equivalents	​		(2,648)	​		(3,064)	​		(2,487)
Shares for calculating basic EPS	​		58,754	​		59,619	​		60,180
Effect of dilutive restricted common stock equivalents	​		124	​		1,020	​		473
Shares for calculating diluted EPS	​		58,878	​		60,639	​		60,653
Net earnings per share:	​			​			​
Basic	​	$	6.78	​	$	8.21	​	$	11.05
Diluted	​	$	6.77	​	$	8.07	​	$	10.97

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