XML 36 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
Retirement Plans (Tables)
3 Months Ended
Mar. 31, 2016
Retirement Plans  
Defined Benefit Plan Disclosure [Line Items]  
Benefit costs
Our pension costs, which include costs for qualified and nonqualified plans, are presented in the following table (in thousands):
 
Quarters Ended
 
Mar. 31, 2016
 
Mar. 29, 2015
 
 
 
 
Service cost-benefits earned during the period
$
250

 
$
233

Interest cost on benefit obligation
6,350

 
5,652

Expected return on plan assets (a)
(6,750
)
 
(7,497
)
Amortization of prior service cost
150

 
148

Amortization of actuarial loss
1,700

 
1,468

Expense for company-sponsored retirement plans
$
1,700

 
$
4



(a) At the beginning of 2016, we updated our expected annual long-term rate of return on our TRP plan assets to 7.0% from 8.0%. This change resulted in incremental pension costs of approximately $1.4 million in the first quarter of 2016, and will result in approximately $5.5 million of incremental pension costs for the full year 2016.