OTHER ASSETS	12 Months Ended
Jan. 03, 2015
Equity Method Investments and Joint Ventures [Abstract]
OTHER ASSETS	OTHER ASSETS The Company has equity interests in various companies for strategic purposes. The investments are accounted for under the equity method and are included in “Other assets” on the Company’s consolidated balance sheet. The carrying amount of the investments are adjusted for the Company's proportionate share of earnings, losses, and dividends. The investments are not considered material to the Company’s financial position, neither individually nor in the aggregate. The Company’s proportionate share of earnings from its equity interests, included in the "Other income, net" line of the Company's consolidated statements of income, was immaterial for the years ended January 3, 2015, December 28, 2013, and December 29, 2012. In 2005, the Company held a 35.0 percent equity interest in PPI, which was accounted for using the equity method. During the first quarter of 2012, the shareholders of PPI and PPL contributed shares to form a new holding company, PPH, in exchange for equivalent value and control in PPH. As a result of this contribution, the Company's equity interest decreased to 31.0 percent of PPH. On March 7, 2012, the Company acquired a controlling interest in PPH, resulting in the consolidation of PPH in the Company's financial statements (see Note 4). The carrying amount of the equity investment prior to the acquisition of the controlling interest was $11.7 million as of March 6, 2012. The Company’s proportionate share of Pioneer Pump, Inc. earnings, included in the “Other income, net” line of the Company’s consolidated statements of income, was zero for both 2014 and 2013, respectively, and $0.4 million for 2012 . The additional purchase was made in 2012 bringing total ownership to 70.5 percent (see Note 4).

OTHER ASSETS

The Company has equity interests in various companies for strategic purposes. The investments are accounted for under the equity method and are included in “Other assets” on the Company’s consolidated balance sheet. The carrying amount of the investments are adjusted for the Company's proportionate share of earnings, losses, and dividends. The investments are not considered material to the Company’s financial position, neither individually nor in the aggregate. The Company’s proportionate share of earnings from its equity interests, included in the "Other income, net" line of the Company's consolidated statements of income, was immaterial for the years ended January 3, 2015, December 28, 2013, and December 29, 2012.

In 2005, the Company held a 35.0 percent equity interest in PPI, which was accounted for using the equity method. During the first quarter of 2012, the shareholders of PPI and PPL contributed shares to form a new holding company, PPH, in exchange for equivalent value and control in PPH. As a result of this contribution, the Company's equity interest decreased to 31.0 percent of PPH. On March 7, 2012, the Company acquired a controlling interest in PPH, resulting in the consolidation of PPH in the Company's financial statements (see Note 4). The carrying amount of the equity investment prior to the acquisition of the controlling interest was $11.7 million as of March 6, 2012. The Company’s proportionate share of Pioneer Pump, Inc. earnings, included in the “Other income, net” line of the Company’s consolidated statements of income, was zero for both 2014 and 2013, respectively, and $0.4 million for 2012 . The additional purchase was made in 2012 bringing total ownership to 70.5 percent (see Note 4).