Pension and Postretirement Benefits

3 Months Ended

Jun. 30, 2013

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 quarter and six-month periods ended June 30, 2013 and July 1, 2012 are as follows:

	Quarter Ended
	Pension						Postretirement
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
Service cost	$	1,508			1,081			187			184
Interest cost		4,803			5,052			345			440
Expected return on assets		(5,550	)		(5,232	)		-			-
Net amortization and deferrals		2,396			1,761			(65	)		20
Curtailment/settlement losses		2,462			-			-			-
Net periodic benefit cost	$	5,619			2,662			467			644

	Six Months Ended
	Pension						Postretirement
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
Service cost	$	3,010			2,279			375			368
Interest cost		9,598			10,546			690			880
Expected return on assets		(11,091	)		(10,903	)		-			-
Net amortization and deferrals		4,788			3,669			(130	)		40
Curtailment/settlement losses		5,421			-			-			-
Net periodic benefit cost	$	11,726			5,591			935			1,288

During the first two quarters of fiscal 2013, the Company made cash contributions to its defined benefit pension plans of approximately $3,000 in the aggregate. The Company expects to contribute approximately $2,800 during the remainder of fiscal 2013.