Pension Plan

6 Months Ended

Jun. 29, 2012

PENSION PLANS [Abstract]

Pension Plans

PENSION PLANS

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

	For the Three Months Ended
	Qualified Pension Plan						SERP
	June 29, 2012			July 1, 2011			June 29, 2012		July 1, 2011
In thousands
Service cost for benefits earned during the year	$	3,519		$	3,090		$	95	$	90
Interest cost on projected benefit obligation	6,578			7,062			105		129
Expected return on plan assets	(9,469		)	(9,180		)	—		—
Amortization of prior service credit (cost)	25			24			—		—
Recognized net loss	1,960			960			40		38
Net pension benefit cost	$	2,613		$	1,956		$	240	$	257

	For the Six Months Ended
	Qualified Pension Plan						SERP
	June 29, 2012			July 1, 2011			June 29, 2012		July 1, 2011
In thousands
Service cost for benefits earned during the year	$	7,038		$	6,040		$	191	$	180
Interest cost on projected benefit obligation	13,156			14,162			210		258
Expected return on plan assets	(18,939		)	(17,557		)	—		—
Amortization of prior service credit (cost)	50			49			—		—
Recognized net loss	3,921			1,785			79		76
Additional amount recognized due to curtailment/settlement	—			—			—		560
Net pension benefit cost	$	5,226		$	4,479		$	480	$	1,074

The following tables show the amount of the contributions made during each period and the amount of contributions the Company expects to make to the Qualified Pension Plan and SERP:

Contributions paid-to-date:

	Qualified Pension Plan				SERP
	As of June 29, 2012		As of December 31, 2011		As of June 29, 2012		As of December 31, 2011
In thousands
Contributions paid-to-date	$	5,000	$	19,600	$	267	$	4,400

Expected Contributions in 2012:

	Qualified Pension Plan		SERP
In thousands
Expected contributions	$	10,000	$	500

The remaining $5.0 million of the $10.0 million contribution to the qualified pension plan was contributed in July 2012.