FAIR VALUE MEASUREMENT Fair Value Measurement (Policies)
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6 Months Ended | ||||||||||||
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Jun. 27, 2014
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Fair Value Measurement Accounting Policies [Abstract] | |||||||||||||
Fair Value Measurement, Policy [Policy Text Block] | Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We apply a fair value hierarchy that prioritizes the inputs used to measure fair value:
The carrying value of our accounts receivable, accounts payable and other accrued expenses, and accrued wages and benefits approximates fair value due to their short-term nature. We also hold certain restricted investments, which collateralize workers' compensation programs and are classified as held-to-maturity and carried at amortized cost on our Consolidated Balance Sheets. |