SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Components of inventories

Inventories consisted of the following:

	September 30, 2017		December 31, 2016
Raw materials and purchased parts	$	175,222	$	143,659
Work-in-process	35,126		27,291
Finished goods and manufactured goods	233,772		217,125
Subtotal	444,120		388,075
Less: LIFO reserve	40,886		38,047
	$	403,234	$	350,028

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries for the thirteen and thirty-nine weeks ended September 30, 2017 and September 24, 2016, were as follows:

	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	2017		2016		2017		2016
United States	$	28,886	$	21,550	$	115,082	$	105,390
Foreign	21,675		22,239		59,210		51,486
	$	50,561	$	43,789	$	174,292	$	156,876

Schedule of components of the net periodic pension (benefit) expense

The components of the net periodic pension (benefit) expense for the thirteen and thirty-nine weeks ended September 30, 2017 and September 24, 2016 were as follows:

	Thirteen Weeks Ended						Thirty-nine Weeks Ended
Net periodic (benefit) expense:	2017			2016			2017			2016
Interest cost	$	4,676		$	6,092		$	13,475		$	19,134
Expected return on plan assets	(5,277		)	(5,565		)	(15,208		)	(17,648		)
Amortization of actuarial loss	768			—			2,214			—
Net periodic expense	$	167		$	527		$	481		$	1,486

Compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options

The Company's compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options for the thirteen and thirty-nine weeks ended September 30, 2017 and September 24, 2016, respectively, were as follows:

	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	2017		2016		2017		2016
Compensation expense	$	1,290	$	1,399	$	3,868	$	4,358
Income tax benefits	496		539		1,489		1,678

Valuation methodologies used for assets and liabilities measured at fair value

			Fair Value Measurement Using:
	Carrying Value September 30, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	41,062	$	41,062	$	—	$	—

			Fair Value Measurement Using:
	Carrying Value December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Trading Securities	$	37,800	$	37,800	$	—	$	—

Components of accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss) consisted of the following at September 30, 2017 and December 31, 2016:

	Foreign Currency Translation Adjustments			Gain/(Loss) on Hedging Activities			Defined Benefit Pension Plan			Accumulated Other Comprehensive Loss
Balance at December 31, 2016	$	(251,228	)	$	7,978		$	(103,109	)	$	(346,359	)
Current-period comprehensive income (loss)	60,017			(1,760		)	—			58,257
Balance at September 30, 2017	$	(191,211	)	$	6,218		$	(103,109	)	$	(288,102	)