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EMPLOYEE BENEFITS (Tables)
3 Months Ended
Mar. 30, 2014
EMPLOYEE BENEFITS  
Schedule of elements of retirement expense

 

 

Quarters Ended

 

 

 

March 30,

 

March 31,

 

(in thousands)

 

2014

 

2013

 

Pension plans:

 

 

 

 

 

 

 

Service cost

 

$

2,008

 

 

$

1,400

 

 

Interest cost

 

22,751

 

 

21,125

 

 

Expected return on plan assets

 

(26,865

)

 

(25,275

)

 

Prior service cost amortization

 

3

 

 

 

 

Actuarial loss

 

4,002

 

 

6,375

 

 

Net pension expense

 

1,899

 

 

3,625

 

 

Net post-retirement credit

 

(741

)

 

(625

)

 

Net retirement expense

 

$

1,158

 

 

$

3,000