INCOME TAXES	3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s effective tax rate from continuing operations for the three month period ended March 31, 2017 was 1.3 percent as compared to 26.7 percent for the three month period ended April 2, 2016. The effective tax rate continues to be lower than the U.S. statutory rate primarily due to the indefinite reinvestment of foreign earnings taxed at rates below the U.S. statutory rate as well as recognition of U.S. incentives and credits. The Company has the ability to indefinitely reinvest these foreign earnings based on the earnings and cash projections of its other operations as well as cash on hand and available credit. In addition, during the three month period ended March 31, 2017, the Company realized a foreign currency translation loss on the repayment of an intercompany loan that was long-term-investment in nature resulting in a discrete benefit of $1.7 million. During the first quarter, the Company also completed tax restructuring in a foreign tax jurisdiction and released a $1.9 million valuation allowance on a deferred tax asset related to net operating losses now expected to be realized.

INCOME TAXES

3 Months Ended

Mar. 31, 2017

The Company’s effective tax rate from continuing operations for the three month period ended March 31, 2017 was 1.3 percent as compared to 26.7 percent for the three month period ended April 2, 2016.

The effective tax rate continues to be lower than the U.S. statutory rate primarily due to the indefinite reinvestment of foreign earnings taxed at rates below the U.S. statutory rate as well as recognition of U.S. incentives and credits. The Company has the ability to indefinitely reinvest these foreign earnings based on the earnings and cash projections of its other operations as well as cash on hand and available credit.

In addition, during the three month period ended March 31, 2017, the Company realized a foreign currency translation loss on the repayment of an intercompany loan that was long-term-investment in nature resulting in a discrete benefit of $1.7 million. During the first quarter, the Company also completed tax restructuring in a foreign tax jurisdiction and released a $1.9 million valuation allowance on a deferred tax asset related to net operating losses now expected to be realized.