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Pension and Postretirement Benefits

6 Months Ended

Jul. 01, 2012

Pension and Postretirement Benefits (Thousands of Dollars) [Abstract]

(7) Pension and Postretirement Benefits

The components of the net periodic cost of the Company's defined benefit pension and other postretirement plans for the quarters and six months ended July 1, 2012 and June 26, 2011 are as follows:

	Quarter Ended
	--------------------

	Pension		Postretirement
	------------------		------------------
	July 1, 2012	June 26, 2011	July 1, 2012	June 26, 2011
	-------	-------	-------	-------
Service cost	$ 1,081	1,090	184	171
Interest cost	5,052	5,231	440	440
Expected return on assets	(5,232)	(6,258)	-	-
Net amortization and deferrals	1,761	1,295	20	18
	--------	--------	--------	--------
Net periodic benefit cost	$ 2,662	1,358	644	629
	=====	=====	=====	=====

	Six Months Ended
	------------------

	Pension		Postretirement
	------------------		------------------
	July 1, 2012	June 26, 2011	July 1, 2012	June 26, 2011
	-------	-------	-------	-------
Service cost	$ 2,279	2,169	368	342
Interest cost	10,546	10,454	880	880
Expected return on assets	(10,903)	(12,507)	-	-
Net amortization and deferrals	3,669	2,590	40	36
	--------	--------	--------	--------
Net periodic benefit cost	$ 5,591	2,706	1,288	1,258
	=====	=====	=====	=====

During the first two quarters of fiscal 2012, the Company made cash contributions to its defined benefit pension plans of approximately $3,500 in the aggregate. The Company expects to contribute approximately $2,300 during the remainder of fiscal 2012.

- Definition

The entire disclosure for pension and other postretirement benefits.

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-Name Accounting Standards Codification

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