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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 28, 2014
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

December 28,

 

December 29,

 

December 30,

 

(in thousands)

    

2014

    

2013

    

2012

 

Balance at beginning of year

    

$

6,040 

    

$

5,920 

    

$

7,341 

 

Charged to costs and expenses

 

 

9,305 

 

 

8,481 

 

 

6,089 

 

Amounts written off

 

 

(9,229)

 

 

(8,361)

 

 

(7,510)

 

Disposition of discontinued operations

 

 

(216)

 

 

 —

 

 

 —

 

Balance at end of year

 

$

5,900 

 

$

6,040 

 

$

5,920 

 

 

Schedule of components of property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

December 28,

    

December 29,

    

Estimated

 

(in thousands)

 

2014

 

2013

 

Useful Lives

 

Land

 

$

89,083 

 

$

97,631 

 

 

 

 

 

 

Building and improvements

 

 

337,727 

 

 

356,320 

 

-

60 

years

 

Equipment

 

 

691,289 

 

 

741,648 

 

-

25 

years

(1)

Construction in process

 

 

2,696 

 

 

10,529 

 

 

 

 

 

 

 

 

 

1,120,795 

 

 

1,206,128 

 

 

 

 

 

 

Less accumulated depreciation

 

 

(716,557)

 

 

(747,423)

 

 

 

 

 

 

Property, plant and equipment, net

 

$

404,238 

 

$

458,705 

 

 

 

 

 

 


(1)

Presses are 9 - 25 years and other equipment is 2 - 15 years

Schedule of components of accumulated other comprehensive loss and reclassifications, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Other

    

 

 

 

 

 

Minimum

 

Comprehensive

 

 

 

 

 

 

Pension and

 

Loss

 

 

 

 

 

 

Post-

 

Related to

 

 

 

 

 

 

Retirement

 

Equity

 

 

 

 

(in thousands)

 

Liability

 

Investments

 

Total

 

Balance at December 30, 2012

 

$

(473,448)

 

$

(7,868)

 

$

(481,316)

 

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

(364)

 

 

(364)

 

Amounts reclassified from AOCL

 

 

176,779 

 

 

 

 

176,779 

 

Other comprehensive income (loss)

 

 

176,779 

 

 

(364)

 

 

176,415 

 

Balance at December 29, 2013

 

$

(296,669)

 

$

(8,232)

 

$

(304,901)

 

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

(819)

 

 

(819)

 

Amounts reclassified from AOCL

 

 

(110,883)

 

 

 

 

(110,883)

 

Other comprehensive income (loss)

 

 

(110,883)

 

 

(819)

 

 

(111,702)

 

Balance at December 28, 2014

 

$

(407,552)

 

$

(9,051)

 

$

(416,603)

 

 

Schedule of reclassification out of accumulated other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

Amount Reclassified from AOCL (in thousands)

 

 

 

 

    

Year Ended

    

Year Ended

    

 

  

 

 

December 28,

 

December 29,

 

Affected Line in the

 

AOCL Component

 

2014

 

2013

 

Consolidated Statements of Operations

 

Minimum pension and post-retirement liability

 

$

(184,805)

 

$

294,632 

 

Compensation

 

 

 

 

73,922 

 

 

(117,853)

 

Provision (benefit) for income taxes

 

 

 

$

(110,883)

 

$

176,779 

 

Net of tax

 

 

Summary of anti-dilutive stock options

 

 

 

 

 

 

 

 

 

Years Ended

 

 

December 28,

 

December 29,

 

December 30,

(shares in thousands)

 

2014

 

2013

 

2012

Anti-dilutive stock options

    

1,519 

    

4,941 

    

6,814