Pension and Postretirement Benefits

6 Months Ended

Jun. 28, 2015

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 28, 2015 and June 29, 2014 are as follows:

	Quarter Ended
	Pension						Postretirement
	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
Service cost	$	1,021			969			150			138
Interest cost		4,619			5,053			285			333
Expected return on assets		(5,497	)		(5,558	)		-			-
Net amortization and deferrals		2,207			1,251			(114	)		(114	)
Curtailment		138			-			-			-
Net periodic benefit cost	$	2,488			1,715			321			357

	Six Months Ended
	Pension						Postretirement
	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
Service cost	$	2,032			1,940			300			275
Interest cost		9,224			10,111			570			665
Expected return on assets		(10,976	)		(11,118	)		-			-
Net amortization and deferrals		4,408			2,503			(228	)		(227	)
Curtailment		138			-			-			-
Net periodic benefit cost	$	4,826			3,436			642			713

During the first half of fiscal 2015, the Company made cash contributions to its defined benefit pension plans of approximately $430 in the aggregate. The Company expects to contribute approximately $3,570 during the remainder of fiscal 2015.