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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 27, 2025
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

Allowance for possible losses on accounts receivable:

 

  ​

 

  ​

 

  ​

 

  ​

Year Ended December 27, 2025

$

4,204

$

57,787

$

(56,898)

$

5,093

Year Ended December 28, 2024

5,133

65,463

(66,392)

4,204

Year Ended December 30, 2023

11,727

56,522

(63,116)

5,133

*

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 27,

  ​ ​ ​

December 28,

2025

2024

Land and improvements

 

$

223,156

$

200,732

Building and improvements

475,634

430,795

Machinery and equipment

1,057,157

977,631

Furniture and fixtures

 

43,668

35,060

Construction in progress

 

136,855

105,993

Total Property, Plant and Equipment, Gross

$

1,936,470

$

1,750,211

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 27,

  ​ ​ ​

December 28,

December 30,

  ​ ​ ​

2025 vs. 2024

2024 vs. 2023

2025

2024

2023

% Change

% Change

Point in Time Revenue

$

6,177,299

$

6,489,190

$

7,069,690

 

(4.8)%

(8.2)%

Over Time Revenue

 

143,044

163,119

148,694

 

(12.3)%

9.7%

Total Net Sales

$

6,320,343

$

6,652,309

$

7,218,384

 

(5.0)%

(7.8)%

Schedule of Percentage of Completion Account Balances

The following table presents the balances of over time accounting accounts on December 27, 2025 and December 28, 2024 which are included in Other current assets and Accrued liabilities: Other, respectively (in thousands):

December 27,

December 28,

  ​ ​ ​

2025

  ​ ​ ​

2024

Cost and Earnings in Excess of Billings

$

4,979

  ​ ​ ​

$

7,478

Billings in Excess of Cost and Earnings

 

3,961

 

6,483

Schedule of computation of earnings per share The computation of EPS is as follows (in thousands):

December 27,

  ​ ​ ​

December 28,

  ​ ​ ​

December 30,

2025

2024

2023

Numerator:

  ​

 

  ​

 

  ​

Net earnings attributable to controlling interest

$

294,792

$

414,560

$

514,312

Adjustment for earnings allocated to non-vested restricted common stock equivalents

 

(11,093)

 

(16,096)

 

(25,139)

Net earnings for calculating EPS

$

283,699

$

398,464

$

489,173

Denominator:

 

  ​

 

  ​

 

  ​

Weighted average shares outstanding

 

59,113

 

61,402

 

62,683

Adjustment for non-vested restricted common stock equivalents

 

(2,429)

 

(2,648)

 

(3,064)

Shares for calculating basic EPS

 

56,684

 

58,754

 

59,619

Effect of dilutive restricted common stock equivalents

 

111

 

124

 

1,020

Shares for calculating diluted EPS

 

56,795

 

58,878

 

60,639

Net earnings per share:

 

  ​

 

  ​

 

  ​

Basic

$

5.00

$

6.78

$

8.21

Diluted

$

5.00

$

6.77

$

8.07