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SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 27, 2016
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of components of property, plant and equipment

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 27,

 

March 29,

 

(in thousands)

 

2016

 

2015

 

Depreciation expense

 

$

12,564

 

$

11,523

 

 

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 27, 2015

 

$

(411,956)

 

$

(9,852)

 

$

(421,808)

 

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

(495)

 

 

(495)

 

Amounts reclassified from AOCL

 

 

2,302

 

 

 

 

2,302

 

Other comprehensive income (loss)

 

 

2,302

 

 

(495)

 

 

1,807

 

Balance at March 27, 2016

 

$

(409,654)

 

$

(10,347)

 

$

(420,001)

 

 

Schedule of reclassification out of accumulated other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

Amount Reclassified from AOCL

 

 

 

 

Three Months Ended

    

 

 

 

March 27,

 

March 29,

 

Affected Line in the Condensed

AOCL Component

    

2016

 

2015

 

Consolidated Statements of Operations

Minimum pension and post-retirement liability

 

$

3,837

 

$

4,802

 

Compensation

 

 

 

(1,535)

 

 

(1,921)

 

Benefit for income taxes

 

 

$

2,302

 

$

2,881

 

Net of tax

 

Summary of anti-dilutive stock options

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 27,

 

March 29,

 

(shares in thousands)

 

2016

 

2015

 

Anti-dilutive common stock equivalents

    

4,487

 

4,565

 

 

Schedule of cash paid for interest and income taxes

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 27,

 

March 29,

(in thousands)

 

2016

 

2015

Interest paid (net of amount capitalized)

    

$

11,087

    

$

12,695

Income taxes paid (net of refunds)

 

 

(5,850)

 

 

178,581

 

 

 

 

 

 

 

Other-non cash financing activities:

 

 

 

 

 

 

Financing obligation for contribution of real property to pension plan

 

$

47,130

 

 

 

Reduction of pension obligation

 

 

(47,130)