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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 30, 2012
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Accumulated Other Comprehensive Income
The amounts recognized in accumulated other comprehensive income at December 30, 2012, and December 25, 2011 consist of:
(amounts in thousands)
December 30, 2012

 
December 25, 2011

Transition obligation
$

 
$
58

Prior service costs
10

 
12

Actuarial losses
26,588

 
10,638

Total
26,598

 
10,708

Deferred tax
(8,833
)
 
(4,311
)
Net
$
17,765

 
$
6,397

Accumulated Other Comprehensive Income Over Next Fiscal Year
The amounts included in accumulated other comprehensive income at December 30, 2012 and expected to be recognized in net periodic pension cost during the year ended December 29, 2013 is as follows:
(amounts in thousands)
December 29, 2013

Prior service costs
$
2

Actuarial loss
1,559

Total
$
1,561

Components of Net Periodic Benefit Cost
The pension plans included the following net cost components:
(amounts in thousands)
December 30, 2012

 
December 25, 2011

 
December 26, 2010

Service cost
$
851

 
$
972

 
$
855

Interest cost
3,874

 
4,418

 
4,331

Expected return on plan assets
41

 
155

 
(60
)
Amortization of actuarial loss (gain)
224

 
50

 
(24
)
Amortization of transition obligation
57

 
129

 
124

Amortization of prior service costs
2

 
2

 
2

Net periodic pension cost
5,049

 
5,726

 
5,228

Settlement loss

 
46

 

Curtailment loss (gain)
72

 
(104
)
 

Total pension expense
$
5,121

 
$
5,668

 
$
5,228

Funded Status of Plans and Amount Recognized in Balance Sheet
The table below sets forth the funded status of our plans and amounts recognized in the accompanying Consolidated Balance Sheets.
(amounts in thousands)
December 30, 2012

 
December 25, 2011

Change in benefit obligation
 
 
 
Net benefit obligation at beginning of year
$
84,674

 
$
81,226

Service cost
851

 
972

Interest cost
3,874

 
4,418

Actuarial loss
16,269

 
4,439

Gross benefits paid
(4,324
)
 
(4,537
)
Plan curtailments
(575
)
 
(618
)
Plan settlements
(295
)
 
(470
)
Foreign currency exchange rate changes
1,540

 
(756
)
Net benefit obligation at end of year
$
102,014

 
$
84,674

 
 
 
 
Change in plan assets
 
 
 
Fair value of plan assets at beginning of year
$
1,406

 
$
1,472

Actual return on assets
(5
)
 
145

Employer contributions
4,686

 
4,801

Gross benefits paid
(4,324
)
 
(4,537
)
Plan settlements
(295
)
 
(470
)
Foreign currency exchange rate changes
20

 
(5
)
Fair value of plan assets at end of year
$
1,488

 
$
1,406

 
 
 
 
Reconciliation of funded status
 
 
 
Funded status at end of year
$
(100,526
)
 
$
(83,268
)
Schedule of Accrued Benefits
(amounts in thousands)
December 30, 2012

 
December 25, 2011

Amounts recognized in accrued benefit consist of:
 
 
 
Accrued pensions — current
$
4,687

 
$
4,453

Accrued pensions
95,839

 
78,815

Net amount recognized at end of year
$
100,526

 
$
83,268

Accumulated benefit obligation at end of year
$
96,774

 
$
80,744

Pension Plans with Accumulated Benefit Obligations in Excess Of Fair Value Of Plan Assets
The following table sets forth additional fiscal year-ended information for pension plans for which the accumulated benefit is in excess of plan assets:
(amounts in thousands)
December 30, 2012

 
December 25, 2011

Projected benefit obligation
$
102,014

 
$
84,674

Accumulated benefit obligation
$
96,774

 
$
80,744

Fair value of plan assets
$
1,488

 
$
1,406

Weighted Average Assumptions Used To Determine Benefit Obligations
The weighted average rate assumptions used in determining pension costs and the projected benefit obligation are as follows:
 
December 30, 2012

 
December 25, 2011

 
December 26, 2010

Weighted average assumptions for year-end benefit obligations:
 
 
 
 
 
Discount rate(1)
3.53
%
 
4.77
%
 
 
Expected rate of increase in future compensation levels
2.52
%
 
2.52
%
 
 
Weighted average assumptions for net periodic benefit cost development:
 
 
 
 
 
Discount rate(1)
4.77
%
 
5.27
%
 
5.77
%
Expected rate of return on plan assets
5.25
%
 
5.75
%
 
4.00
%
Expected rate of increase in future compensation levels
2.52
%
 
2.52
%
 
2.52
%
Measurement Date:
December 31, 2012

 
December 31, 2011

 
December 31, 2010


(1) 
Represents the weighted average rate for all pension plans.
Expected Benefit Payments Associated With The Pension and Postretirement Benefit Plans
The benefits expected to be paid over the next five years and the five aggregated years after:
(amounts in thousands)
 
2013
$
4,689

2014
$
4,753

2015
$
4,844

2016
$
4,864

2017
$
5,004

2018 through 2022
$
26,104

Summary Of The Fair Value Of Pension Plan Assets
The following table provides a summary of the fair value of the Company's pension plan assets at December 30, 2012 utilizing the fair value hierarchy discussed in Note 14:
(amounts in thousands)
Total Fair Value Measurement December 30, 2012

 
Quoted Prices
In Active Markets for Identical Assets
(Level 1)

 
Significant
Other
Observable
Inputs
(Level 2)

 
Significant
Unobservable
Inputs
(Level 3)

Global insurance assets
$
1,488

 
$

 
$

 
$
1,488

Schedule of Changes in Fair Value of Plan Assets
Additional information pertaining to the changes in the fair value of the pension plan assets classified as Level 3 for the year ended December 30, 2012 is presented below:
(amounts in thousands)
Balance as of December 25, 2011

 
Actual Return
on Plan Assets, Relating to Assets Still Held at the Reporting Date

 
Actual Return
on Plan Assets,
Relating to
Assets Sold
During the
Period

 
Purchases,
Sales and
Settlements

 
Transfer
into / (out of)
Level 3

 
Change due
to Exchange
Rate Changes

 
Balance as of December 30, 2012

Asset Category
 
 
 
 
 
 
 
 
 
 
 
 
 
Global insurance assets
$
1,406

 
$
791

 
$
(209
)
 
$
(520
)
 
$

 
$
20

 
$
1,488

Total Level 3 Assets
$
1,406

 
$
791

 
$
(209
)
 
$
(520
)
 
$

 
$
20

 
$
1,488