Pension and Postretirement Benefits

9 Months Ended

Sep. 27, 2015

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 nine-month periods ended September 27, 2015 and September 28, 2014 are as follows:

	Quarter Ended
	Pension						Postretirement
	September 27, 2015			September 28, 2014			September 27, 2015			September 28, 2014
Service cost	$	1,006			921			150			137
Interest cost		4,603			4,953			285			332
Expected return on assets		(5,476	)		(5,469	)		-			-
Net amortization and deferrals		2,202			1,210			(114	)		(114	)
Curtailment		643			-			(3,842	)		-
Net periodic benefit cost	$	2,978			1,615			(3,521	)		355

	Nine Months Ended
	Pension						Postretirement
	September 27, 2015			September 28, 2014			September 27, 2015			September 28, 2014
Service cost	$	3,038			2,861			450			412
Interest cost		13,827			15,064			855			997
Expected return on assets		(16,452	)		(16,587	)		-			-
Net amortization and deferrals		6,610			3,713			(341	)		(341	)
Curtailment		781			-			(3,842	)		-
Net periodic benefit cost	$	7,804			5,051			(2,878	)		1,068

During the first nine months of fiscal 2015, the Company made cash contributions to its defined benefit pension plans of approximately $10,760 in the aggregate. The Company expects to contribute approximately $3,240 during the remainder of fiscal 2015.