MULTIEMPLOYER DEFINED BENEFIT PENSION PLANS

12 Months Ended

Dec. 31, 2011

MULTIEMPLOYER DEFINED BENEFIT PENSION PLANS

MULTIEMPLOYER DEFINED BENEFIT PENSION PLANS

Note 12 — MULTIEMPLOYER DEFINED BENEFIT PENSION PLANS

The Company contributes to three multiemployer defined benefit pensions plans under the terms contained in four collective bargaining agreements.  The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects:

a.Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.

b.If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.

c.If the Company chooses to stop participating in a multiemployer plan, the Company may be required to pay that plan an amount based on the underfunded status of the plan, referred to as a withdrawal liability.

The Company recorded charges related to the partial withdrawal from the GCIU — Employer Retirement Fund as part of its facility consolidation activities. The expense recorded represents the Company’s best estimate of the expected partial withdrawal liability.  There were no similar charges recorded for the years ended December 31, 2010 and 2009.  While it is not possible to quantify the potential impact of future actions, further reductions in participation or withdrawal from these multiemployer pension plans could have a material impact on the Company’s consolidated annual results of operations, financial position, or cash flows.

The Company’s participation in these plans for the annual period ended December 31, 2011, 2010, and 2009 is outlined in the table below.

Expiration

Multiemployer

Pension Protection

FIP/RP

Company Contributions

Date of

Pension

EIN/Pension

Act Zone Status

Status

(in thousands)

Surcharge

Bargaining

Fund

Plan Number

2011

2010

Implemented

2011

2010

2009

Imposed

Agreement

Central States

Southeast and

Southwest Areas

36-6044243/001

Red

Red

Yes

$

859

$

782

$

711

No

5/15/12

Pension Fund

Warehouse

Employees Local

169 & Employers

23-6230368/001

Red

Red

Yes

76

66

62

Yes

5/31/12

Joint Pension

Fund

GCIU — Employer

91-6024903/001

Red

Red

Yes

519

478

N/A

Yes

07/31/12-

Retirement Fund

04/30/13(a)

$

1,454

$

1,326

$

773

(a)  The Company is party to two significant collective-bargaining agreements that require contributions to GCIU - Employer Retirement Fund.  The agreement for the Company’s Newark, CA facility expires on July 31, 2012 and the agreement for the Company’s Minneapolis, MN facility expires on April 30, 2013.

The “EIN Number” column provides the Employer Identification Number (EIN).  Unless otherwise noted, the most recent Pension Protection Act (PPA) zone status available in 2011 and 2010 is for the plan’s year-end at December 31, 2010 and December 31, 2009, respectively.  The zone status is based on information that the Company received from the plan and is certified by the plan’s actuary.  Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded.  The “FIP/RP Status Implemented” column indicates plans for which a Financial Improvement Plan (FIP) or a Rehabilitation Plan (RP) has been implemented.