Postretirement benefits other than pension (Other Postretirement Benefit Plans, Defined Benefit [Member])

6 Months Ended

Jun. 24, 2012

Other Postretirement Benefit Plans, Defined Benefit [Member]

Defined Benefit Plan Disclosure [Line Items]

Postretirement benefits other than pension

NOTE 7 – Postretirement benefits other than pension

The Company provides health care and life insurance benefits to certain retired employees who meet age and service requirements. Most of the Company’s retirees contribute to the cost of these benefits and retiree contributions are increased as actual benefit costs increase. The Company’s policy is to fund benefits as claims and premiums are paid. Postretirement benefit costs for health care and life insurance are presented in the following table:

(in thousands of dollars)
	Thirteen Weeks Ended						Twenty-six Weeks Ended
	Jun. 24, 2012			Jun. 26, 2011			Jun. 24, 2012			Jun. 26, 2011
Service cost-benefits earned during the period	$	98		$	130		$	273		$	305
Interest cost on net benefit obligation		1,822			2,227			3,872			4,602
Amortization of prior service credit		(4,795	)		(4,880	)		(9,595	)		(9,755	)
Amortization of actuarial loss		322			1,522			972			2,722
Net periodic postretirement benefit credit	$	(2,553	)	$	(1,001	)	$	(4,478	)	$	(2,126	)