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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 27, 2015
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

December 27,

 

December 28,

 

December 29,

 

(in thousands)

    

2015

    

2014

    

2013

 

Balance at beginning of year

    

$

5,900

    

$

6,040

    

$

5,920

 

Charged to costs and expenses

 

 

8,181

 

 

9,305

 

 

8,481

 

Amounts written off

 

 

(9,630)

 

 

(9,229)

 

 

(8,361)

 

Disposition of discontinued operations

 

 

 —

 

 

(216)

 

 

 —

 

Balance at end of year

 

$

4,451

 

$

5,900

 

$

6,040

 

 

Schedule of components of property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

December 27,

    

December 28,

    

Estimated

 

(in thousands)

 

2015

 

2014

 

Useful Lives

 

Land

 

$

85,721

 

$

89,083

 

 

 

 

 

 

Building and improvements

 

 

332,502

 

 

337,727

 

5

-

60

years

 

Equipment

 

 

648,206

 

 

691,289

 

2

-

25

years

(1)

Construction in process

 

 

7,090

 

 

2,696

 

 

 

 

 

 

 

 

 

1,073,519

 

 

1,120,795

 

 

 

 

 

 

Less accumulated depreciation

 

 

(709,300)

 

 

(716,557)

 

 

 

 

 

 

Property, plant and equipment, net

 

$

364,219

 

$

404,238

 

 

 

 

 

 


(1)

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

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

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Other

    

 

 

 

 

 

Minimum

 

Comprehensive

 

 

 

 

 

 

Pension and

 

Loss

 

 

 

 

 

 

Post-

 

Related to

 

 

 

 

 

 

Retirement

 

Equity

 

 

 

 

(in thousands)

 

Liability

 

Investments

 

Total

 

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)

 

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

(801)

 

 

(801)

 

Amounts reclassified from AOCL

 

 

(4,404)

 

 

 

 

(4,404)

 

Other comprehensive income (loss)

 

 

(4,404)

 

 

(801)

 

 

(5,205)

 

Balance at December 27, 2015

 

$

(411,956)

 

$

(9,852)

 

$

(421,808)

 

 

Schedule of reclassification out of accumulated other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

Amount Reclassified from AOCL (in thousands)

 

 

 

 

    

Year Ended

    

Year Ended

    

 

  

 

 

December 27,

 

December 28,

 

Affected Line in the

 

AOCL Component

 

2015

 

2014

 

Consolidated Statements of Operations

 

Minimum pension and post-retirement liability

 

$

(7,340)

 

$

(184,805)

 

Compensation

 

 

 

 

2,936

 

 

73,922

 

Provision (benefit) for income taxes

 

 

 

$

(4,404)

 

$

(110,883)

 

Net of tax

 

 

Summary of anti-dilutive stock options

 

 

 

 

 

 

 

 

 

Years Ended

 

 

December 27,

 

December 28,

 

December 29,

(shares in thousands)

 

2015

 

2014

 

2013

Anti-dilutive stock options

    

5,173

    

1,519

    

4,941