EMPLOYEE RETIREMENT BENEFIT PLANS

3 Months Ended

Mar. 30, 2012

EMPLOYEE RETIREMENT BENEFIT PLANS

4. EMPLOYEE RETIREMENT BENEFIT PLANS

Components of Net Periodic Benefit Expense

	Pension Plan						Supplemental Executive Retirement Plan
For the three months ended:	March 30, 2012			April 1, 2011			March 30, 2012			April 1, 2011
Service cost	$	-		$	-		$	-		$	-
Interest cost		468			527			52			64
Expected return on assets		(454	)		(501	)		-			-
Amortization of actuarial loss		170			108			14			9
Amortization of prior year service cost		-			-			(12	)		(12	)
Settlement charge		317			230			-			-
Net periodic benefit expense	$	501		$	364		$	54		$	61

Employer Contributions

In the first quarter of 2012 we paid $315 to the pension trust and additional payments of $1,716 are scheduled for the remainder of 2012.

The Company is not currently required to fund the Supplemental Executive Retirement Plan (SERP). All benefit payments are made by the Company directly to those who receive benefits from the SERP. As such, these payments are treated as both contributions and benefits paid for reporting purposes. The Company expects to contribute and pay SERP benefits of approximately $539 through March 29, 2013.