Benefit Plans (Tables)

12 Months Ended

Jan. 03, 2016

Changes in Projected Benefit Obligation

The following tables set forth pertinent information for the two Company-sponsored pension plans:

Changes in Projected Benefit Obligation

	Fiscal Year
In Thousands	2015			2014
Projected benefit obligation at beginning of year	$	279,669		$	226,265
Service cost		116			109
Interest cost		11,875			11,603
Actuarial (gain)/loss		(21,883	)		49,500
Benefits paid		(8,308	)		(7,808	)
Projected benefit obligation at end of year	$	261,469		$	279,669

Change in Plan Assets

Change in Plan Assets

	Fiscal Year
In Thousands	2015			2014
Fair value of plan assets at beginning of year	$	212,692		$	200,824
Actual return on plan assets		(829	)		9,676
Employer contributions		10,500			10,000
Benefits paid		(8,308	)		(7,808	)
Fair value of plan assets at end of year	$	214,055		$	212,692

Funded Status

Funded Status

	Jan.  3,			Dec. 28,
In Thousands	2016			2014
Projected benefit obligation	$	(261,469	)	$	(279,669	)
Plan assets at fair value		214,055			212,692
Net funded status	$	(47,414	)	$	(66,977	)

Amounts Recognized in the Consolidated Balance Sheet

Amounts Recognized in the Consolidated Balance Sheets

	Jan. 3,			Dec. 28,
In Thousands	2016			2014
Current liabilities	$	0		$	0
Noncurrent liabilities		(47,414	)		(66,977	)
Net amount recognized	$	(47,414	)	$	(66,977	)

Net Periodic Pension Cost (Benefit)

Net Periodic Pension Cost (Benefit)

	Fiscal Year
In Thousands	2015			2014			2013
Service cost	$	116		$	109		$	121
Interest cost		11,875			11,603			12,014
Expected return on plan assets		(13,541	)		(13,775	)		(13,797	)
Loss on voluntary pension settlement		0			0			12,014
Amortization of prior service cost		35			36			28
Recognized net actuarial loss		3,230			1,743			3,027
Net periodic pension cost (benefit)	$	1,715		$	(284	)	$	13,407

Significant Assumptions Used

Significant Assumptions Used	2015			2014			2013
Projected benefit obligation at the measurement date:
Discount rate		4.72	%		4.32	%		5.21	%
Weighted average rate of compensation increase	N/A			N/A			N/A
Net periodic pension cost for the fiscal year:
Discount rate		4.32	%		5.21	%		4.47	%
Weighted average expected long-term rate of return on    plan assets		6.50	%		7.00	%		7.00	%
Weighted average rate of compensation increase	N/A			N/A			N/A

Expected Weighted Average Long-Term Rate of Return

The Company’s pension plans target asset allocation for 2016, actual asset allocation at January 3, 2016 and December 28, 2014 and the expected weighted average long-term rate of return by asset category were as follows:

	Target			Percentage of Plan						Weighted Average
	Allocation			Assets at Fiscal Year-End						Expected Long-Term
	2016			2015			2014			Rate of Return - 2015
U.S. large capitalization equity securities		40	%		40	%		41	%		3.3	%
U.S. small/mid-capitalization equity securities		5	%		5	%		5	%		0.4	%
International equity securities		15	%		15	%		14	%		1.4	%
Debt securities		40	%		40	%		40	%		1.4	%
Total		100	%		100	%		100	%		6.5	%

Pension Plan Assets Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s pension plan assets measured at fair value on a recurring basis (at least annually) at January 3, 2016:

	Quoted Prices in
	Active Market for		Significant Other
	Identical Assets		Observable Input
In Thousands	(Level 1)		(Level 2)		Total
Equity securities
Common/collective trust funds (1)	$	0	$	128,220	$	128,220
Other		677		0		677
Fixed income
Common/collective trust funds (1)		0		85,158		85,158
Total	$	677	$	213,378	$	214,055

  ⁽¹⁾ The underlying investments held in common/collective trust funds are actively managed equity securities and fixed income investment vehicles that are valued at the net asset value per share multiplied by the number of shares held as of the measurement date.

The following table summarizes the Company’s pension plan assets measured at fair value on a recurring basis (at least annually) at December 28, 2014:

	Quoted Prices in
	Active Market for		Significant Other
	Identical Assets		Observable Input
In Thousands	(Level 1)		(Level 2)		Total
Equity securities
Common/collective trust funds (1)	$	0	$	127,311	$	127,311
Other		619		23		642
Fixed income
Common/collective trust funds (1)		0		84,739		84,739
Total	$	619	$	212,073	$	212,692

⁽¹⁾ The underlying investments held in common/collective trust funds are actively managed equity securities and fixed income investment vehicles that are valued at the net asset value per share multiplied by the number of shares held as of the measurement date.

Reconciliation of Beginning and Ending Balances of Benefit Obligation

	Fiscal Year
In Thousands	2015			2014
Benefit obligation at beginning of year	$	70,121		$	67,840
Service cost		1,118			1,445
Interest cost		2,878			3,255
Plan amendments		0			(8,681	)
Plan participants’ contributions		594			586
Actuarial (gain)/loss		(1,600	)		9,323
Benefits paid		(2,886	)		(3,685	)
Medicare Part D subsidy reimbursement		136			38
Benefit obligation at end of year	$	70,361		$	70,121

Reconciliation of Beginning and Ending Balances of Fair Value of Plan Assets

	Fiscal Year
In Thousands	2015			2014
Fair value of plan assets at beginning of year	$	0		$	0
Employer contributions		2,156			3,061
Plan participants’ contributions		594			586
Benefits paid		(2,886	)		(3,685	)
Medicare Part D subsidy reimbursement		136			38
Fair value of plan assets at end of year	$	0		$	0

Reconciliation of Beginning and Ending Balances of Accrued Liability

	Jan. 3,			Dec. 28,
In Thousands	2016			2014
Current liabilities	$	(3,401	)	$	(2,998	)
Noncurrent liabilities		(66,960	)		(67,123	)
Accrued liability at end of year	$	(70,361	)	$	(70,121	)

Components of Net Periodic Postretirement Benefit Cost

The components of net periodic postretirement benefit cost were as follows:

	Fiscal Year
In Thousands	2015			2014			2013
Service cost	$	1,118		$	1,445		$	1,626
Interest cost		2,878			3,255			2,877
Recognized net actuarial loss		3,164			2,293			2,943
Amortization of prior service cost		(3,360	)		(1,513	)		(1,513	)
Net periodic postretirement benefit cost	$	3,800		$	5,480		$	5,933

Significant Assumptions Used

Significant Assumptions Used	2015			2014			2013
Benefit obligation at the measurement date:
Discount rate		4.53	%		4.13	%		4.96	%
Net periodic postretirement benefit cost for the fiscal year:
Discount rate		4.13	%		4.96	%		4.11	%

A 1% Increase or Decrease in Annual Health Care Cost

A 1% increase or decrease in this annual health care cost trend would have impacted the postretirement benefit obligation and service cost and interest cost of the Company’s postretirement benefit plan as follows:

In Thousands	1% Increase		1% Decrease
Increase (decrease) in:
Postretirement benefit obligation at January 3, 2016	$	7,894	$	(7,343	)
Service cost and interest cost in 2015		451		(433	)

Accumulated Other Comprehensive Loss That Have Not Yet Been Recognized as Components of Net Periodic Benefit Cost

The amounts in accumulated other comprehensive loss that have not yet been recognized as components of net periodic benefit cost at December 28, 2014, the activity during 2015, and the balances at January 3, 2016 are as follows:

In Thousands	Dec. 28, 2014			Actuarial Gain (Loss)		Reclassification Adjustments			Jan. 3, 2016
Pension Plans:
Actuarial (loss)	$	(123,641	)	$	7,513	$	3,230		$	(112,898	)
Prior service (cost) credit		(163	)		0		35			(128	)
Postretirement Medical:
Actuarial (loss)		(38,299	)		1,599		3,164			(33,536	)
Prior service (cost) credit		12,843			0		(3,360	)		9,483
	$	(149,260	)	$	9,112	$	3,069		$	(137,079	)

Amounts in Accumulated Other Comprehensive Loss Expected to be Recognized as Components of Net Periodic Pension Costs or Postretirement Benefits Costs in 2015

The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic cost during 2016 are as follows:

In Thousands	Pension Plans		Postretirement Medical			Total
Actuarial loss	$	2,962	$	2,350		$	5,312
Prior service cost (credit)		28		(3,360	)		(3,332	)
	$	2,990	$	(1,010	)	$	1,980

Multi-Employer Plans

The Company’s participation in the plan is outlined in the table below. The most recent Pension Protection Act (“PPA”) zone status available in 2015 and 2014 is for the plan’s years ending at December 31, 2014 and 2013, respectively. The plan is in the red zone which represents below 80% funded and does require a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”).

	Pension Protection Act Zone Status		FIP/RP Status Pending/	Contribution (In Thousands)						Surcharge
Pension Fund	2015	2014	Implemented	2015		2014		2013		Imposed
Employer-Teamsters Local Nos. 175 & 505    Pension Trust Fund (EIN/Pension Plan    No.55-6021850)	Red	Red	Yes	$	692	$	655	$	640	Yes

Pension Plans [Member]

Anticipated Future Pension Benefit Payments

Cash Flows

In Thousands
Anticipated future pension benefit payments for the fiscal years:
2016	$	9,337
2017		9,882
2018		10,543
2019		11,142
2020		11,802
2021 – 2025		68,708

Postretirement Benefits [Member]

Anticipated Future Pension Benefit Payments

Cash Flows

In Thousands
Anticipated future postretirement benefit payments reflecting    expected future service for the fiscal years:
2016	$	3,401
2017		3,605
2018		3,898
2019		4,146
2020		4,286
2021 – 2025		23,726