Pension and Postretirement Benefits

6 Months Ended

Jun. 29, 2014

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

Pension and Postretirement Benefits

(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 29, 2014 and June 30, 2013 are as follows:

	Quarter Ended
	Pension						Postretirement
	June 29, 2014			June 30, 2013			June 29, 2014			June 30, 2013
Service cost	$	969			1,508			138			187
Interest cost		5,053			4,803			333			345
Expected return on assets		(5,558	)		(5,550	)		-			-
Net amortization and deferrals		1,251			2,396			(114	)		(65	)
Curtailment/settlement losses		-			2,462			-			-
Net periodic benefit cost	$	1,715			5,619			357			467

	Six Months Ended
	Pension						Postretirement
	June 29, 2014			June 30, 2013			June 29, 2014			June 30, 2013
Service cost	$	1,940			3,010			275			375
Interest cost		10,111			9,598			665			690
Expected return on assets		(11,118	)		(11,091	)		-			-
Net amortization and deferrals		2,503			4,788			(227	)		(130	)
Curtailment/settlement losses		-			5,421			-			-
Net periodic benefit cost	$	3,436			11,726			713			935

During the first half of fiscal 2014, the Company made cash contributions to its defined benefit pension plans of approximately $3,800 in the aggregate. The Company expects to contribute approximately $3,100 during the remainder of fiscal 2014.