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EMPLOYEE BENEFITS (Tables)
9 Months Ended
Sep. 28, 2014
EMPLOYEE BENEFITS  
Schedule of elements of retirement expense

 

 

 

 

 

Quarters Ended

 

Nine Months Ended

 

 

September 28,

 

September 29,

 

September 28,

 

September 29,

 

(in thousands)

 

2014

 

2013

 

2014

 

2013

 

Pension plans:

 

 

 

 

 

 

 

 

 

Service cost

 

  $

2,008

 

 

  $

1,386

 

 

  $

6,023

 

 

  $

4,159

 

Interest cost

 

22,751

 

 

21,149

 

 

68,253

 

 

63,447

 

Expected return on plan assets

 

(26,865

)

 

(25,263

)

 

(80,595

)

 

(75,790

)

Prior service cost amortization

 

3

 

 

4

 

 

9

 

 

11

 

Actuarial loss

 

4,003

 

 

6,389

 

 

12,007

 

 

19,168

 

Net pension expense

 

1,900

 

 

3,665

 

 

5,697

 

 

10,995

 

Net post-retirement credit

 

(741

)

 

(624

)

 

(2,223

)

 

(1,873

)

Net retirement expense

 

  $

1,159

 

 

  $

3,041

 

 

  $

3,474

 

 

  $

9,122