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Retirement And Benefit Plans
9 Months Ended
Sep. 24, 2011
Retirement And Benefit Plans [Abstract] 
Retirement And Benefit Plans

9. Retirement and Benefit Plans

Components of Net Periodic Benefit Cost (Income)

The following represents the components of net periodic pension and other postretirement benefit costs (income) which are recorded in operating, selling and general and administrative expense in the Consolidated Statements of Operations:

 

    Three Months Ended  
    Pension Benefits     Other Benefits  
    September 24,
2011
    September 25,
2010
    September 24,
2011
    September 25,
2010
 
    (thousands)  

Service cost

  $ 636      $ 691      $ 57      $ 65   

Interest cost

    17,544        18,553        253        301   

Expected return on plan assets

    (19,264     (20,873     —          —     

Recognized actuarial loss

    4,309        3,310        55        56   

Amortization of prior service costs

    —          —          (1,002     (1,001
 

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost (income)

  $ 3,225      $ 1,681      $ (637   $ (579
 

 

 

   

 

 

   

 

 

   

 

 

 

 

    Nine Months Ended  
    Pension Benefits     Other Benefits  
    September 24,
2011
    September 25,
2010
    September 24,
2011
    September 25,
2010
 
    (thousands)  

Service cost

  $ 1,909      $ 2,074      $ 172      $ 196   

Interest cost

    52,632        55,660        761        906   

Expected return on plan assets

    (59,467     (62,620     —          —     

Recognized actuarial loss

    13,062        9,929        165        168   

Amortization of prior service costs and other

    —          379        (3,007     (3,004
 

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost (income)

  $ 8,136      $ 5,422      $ (1,909   $ (1,734
 

 

 

   

 

 

   

 

 

   

 

 

 

Cash Flows

The Company expects to fund the minimum pension contribution requirement for 2011 of approximately $3.7 million with cash. As of September 24, 2011, $2.5 million in cash has been contributed.