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EMPLOYEE BENEFITS (Tables)
9 Months Ended
Sep. 29, 2013
EMPLOYEE BENEFITS  
Schedule of elements of retirement expense

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

September 29,

 

September 23,

 

September 29,

 

September 23,

(in thousands)

 

2013

 

2012

 

2013

 

2012

Pension plans:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1,386

 

 

$

1,385

 

 

$

4,159

 

 

$

4,155

 

Interest cost

 

21,149

 

 

22,974

 

 

63,447

 

 

68,923

 

Expected return on plan assets

 

(25,263

)

 

(26,940

)

 

(75,790

)

 

(80,820

)

Prior service cost amortization

 

4

 

 

4

 

 

11

 

 

11

 

Actuarial loss

 

6,389

 

 

3,172

 

 

19,168

 

 

9,515

 

Net pension expense

 

3,665

 

 

595

 

 

10,995

 

 

1,784

 

Net post-retirement credit

 

(624

)

 

(157

)

 

(1,873

)

 

(472

)

Net retirement expense

 

$

3,041

 

 

$

438

 

 

$

9,122

 

 

$

1,312