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SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 26, 2017
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of components of property, plant and equipment

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 26,

 

March 27,

 

(in thousands)

 

2017

 

2016

 

Depreciation expense

 

$

7,721

 

$

12,564

 

 

Schedule of components of accumulated other comprehensive loss, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Other

    

 

 

 

 

 

Minimum

 

Comprehensive

 

 

 

 

 

 

Pension and

 

Loss

 

 

 

 

 

 

Post-

 

Related to

 

 

 

 

 

 

Retirement

 

Equity

 

 

 

 

(in thousands)

 

Liability

 

Investments

 

Total

 

Balance at December 25, 2016

 

$

(450,506)

 

$

(11,009)

 

$

(461,515)

 

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

72

 

 

72

 

Amounts reclassified from AOCL

 

 

2,571

 

 

 

 

2,571

 

Other comprehensive income (loss)

 

 

2,571

 

 

72

 

 

2,643

 

Balance at March 26, 2017

 

$

(447,935)

 

$

(10,937)

 

$

(458,872)

 

 

Schedule of reclassification out of accumulated other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

    

 

(in thousands)

March 26,

 

March 27,

 

Affected Line in the Condensed

AOCL Component

2017

 

2016

 

Consolidated Statements of Operations

Minimum pension and post-retirement liability

$

4,285

 

$

3,837

 

Retirement benefit expense

 

 

(1,714)

 

 

(1,535)

 

Benefit for income taxes

 

$

2,571

 

$

2,302

 

Net of tax

 

Summary of anti-dilutive stock options

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 26,

 

March 27,

 

(shares in thousands)

 

2017

 

2016

 

Anti-dilutive common stock equivalents

    

340

 

449

 

 

Schedule of cash paid for interest and income taxes

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 26,

 

March 27,

 

(in thousands)

 

2017

 

2016

 

Interest paid (net of amount capitalized)

    

$

9,980

    

$

11,087

 

Income taxes paid (net of refunds)

 

 

12

 

 

(5,850)

 

 

 

 

 

 

 

 

 

Other non-cash investing and financing activities related to pension plan transactions:

 

 

 

 

 

 

 

Increase of financing obligation for contribution of real property to pension plan

 

 

 —

 

 

47,130

 

Reduction of pension obligation for contribution of real property to pension plan

 

 

 —

 

 

(47,130)