Pension Plan

6 Months Ended

Jul. 01, 2011

PENSION PLANS [Abstract]

Pension and Other Postretirement Benefits Disclosure

PENSION PLANS

Components of net pension cost for the Qualified Pension Plan and Supplemental Employees’ Retirement Plan (SERP) are as follows (in thousands):

	Qualified Pension Plan						SERP
	For the three months ended						For the three months ended
	July 1, 2011			July 2, 2010			July 1, 2011		July 2, 2010
Service cost for benefits earned	$	3,090		$	2,752		$	90	$	91
Interest cost on projected
benefit obligation	7,062			7,185			129		184
Expected return on plan assets	(8,835		)	(7,987		)	—		—
Net amortization and deferral	1,616			554			38		51
Net pension cost	$	2,933		$	2,504		$	257	$	326

	Qualified Pension Plan						SERP
	For the six months ended						For the six months ended
	July 1, 2011			July 2, 2010			July 1, 2011		July 2, 2010
Service cost for benefits earned	$	6,040		$	6,022		$	180	$	180
Interest cost on projected
benefit obligation	14,162			14,735			258		404
Expected return on plan assets	(17,160		)	(16,051		)	—		—
Effect of curtailment	—			221			560		—
Net amortization and deferral	3,391			1,555			76		127
Net pension cost	$	6,433		$	6,482		$	1,074	$	711

The Company has contributed $19.6 million to the Qualified Pension Plan and expects to contribute $4.7 million to the SERP for the 2011 plan year.  Of these amounts, the Company contributed $9.8 million to the Qualified Pension Plan and $4.1 million to the SERP during the first six months of 2011. Additionally, the remaining $9.8 million of the $19.6 million contribution to the Qualified Pension Plan was contributed in July 2011. The Company does not expect to make any further contributions to the Qualified Pension Plan during 2011. For the 2010 plan year, the Company made contributions of $35.7 million to the qualified plan and $3.4 million to the SERP.