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COMMITMENTS AND CONTINGENCIES
 9 Months Ended
Sep. 26, 2021
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Workers’ compensation commitments
We have provided our insurance carriers and certain states with commitments in the form and amounts listed below:
(in thousands)September 26,
2021		December 27,
2020
Cash collateral held by workers’ compensation insurance carriers$22,786 $22,253 
Cash and cash equivalents held in Trust27,370 29,410 
Investments held in Trust132,127 152,247 
Letters of credit (1)6,160 6,095 
Surety bonds (2)21,969 20,616 
Total collateral commitments$210,412 $230,621 
(1)We have agreements with certain financial institutions to issue letters of credit as collateral.
(2)Our surety bonds are issued by independent insurance companies on our behalf and bear annual fees based on a percentage of the bond, which are determined by each independent surety carrier. These fees do not exceed 2.0% of the bond amount, subject to a minimum charge. The terms of these bonds are subject to review and renewal every one to four years and most bonds can be canceled by the sureties with as little as 60 days’ notice.
Legal contingencies and developments
We are involved in various proceedings arising in the normal course of conducting business. We believe the liabilities included in our financial statements reflect the probable loss that can be reasonably estimated and are immaterial.