Retirement and Welfare (Tables)

12 Months Ended

Apr. 27, 2013

Retirement and Welfare [Abstract]

Schedule of amounts recognized in accumulated other comprehensive income (loss)

The changes in plan assets and benefit obligations were recognized in accumulated other comprehensive loss as follows (pre-tax) (for the fiscal years ended):

(Amounts in thousands)	4/27/2013			4/28/2012
Beginning of year net actuarial loss	$	45,270		$	27,118
Net current year actuarial loss		6,499			19,787
Amortization of actuarial loss		(3,024	)		(1,635	)
End of year net actuarial loss	$	48,745		$	45,270

Schedule of net periodic pension cost

The combined net periodic pension cost and retirement costs for retirement plans were as follows (for the fiscal years ended):

(Amounts in thousands)	4/27/2013			4/28/2012			4/30/2011
Service cost	$	1,231		$	1,110		$	1,187
Interest cost		5,325			5,565			5,531
Expected return on plan assets		(6,855	)		(6,820	)		(6,027	)
Net amortization and deferral		3,024			1,635			1,773
Net periodic pension cost (hourly plan)		2,725			1,490			2,464
401 (k)*		2,978			2,476			2,578
Profit sharing*		2,278			—			—
Other*		191			107			342
Total retirement costs (excluding non-qualified defined benefit retirement plan)	$	8,172		$	4,073		$	5,384

*Not determined by an actuary

Schedule of changes in the benefit obligations and fair value of assets

The funded status of the defined benefit pension plan for eligible factory hourly employees was as follows:

(Amounts in thousands)	4/27/2013			4/28/2012
Change in benefit obligation
Benefit obligation at beginning of year	$	118,347		$	101,602
Service cost		1,231			1,110
Interest cost		5,325			5,565
Actuarial loss		8,178			15,314
Benefits paid		(9,586	)		(5,244	)
Benefit obligation at end of year		123,495			118,347
Change in plan assets
Fair value of plan assets at beginning of year		89,002			86,100
Actual return on plan assets		9,060			2,659
Employer contributions		23,480			5,798
Other expenses		(526	)		(311	)
Benefits paid		(9,586	)		(5,244	)
Fair value of plan assets at end of year		111,430			89,002
Funded status	$	(12,065	)	$	(29,345	)

Schedule of amounts recognized in balance sheet

Amounts included in the consolidated balance sheet related to the defined benefit pension plan for eligible factory hourly employees consist of:

(Amounts in thousands)	4/27/2013			4/28/2012
Other long-term liabilities	$	(12,065	)	$	(29,345	)

Schedule of assumptions for the defined benefit pension plan

The actuarial assumptions for the defined benefit pension plan for eligible factory hourly employees were as follows (for the fiscal years ended):

	4/27/2013			4/28/2012			4/30/2011
Discount rate used to determine benefit obligations		4.0	%		4.6	%		5.6	%
Discount rate used to determine net benefit cost		4.6	%		5.6	%		5.9	%
Long-term rate of return		6.3	%		7.8	%		8.0	%

Schedule of asset allocation

The weighted average asset allocations at year end for the defined benefit pension plan for eligible factory hourly employees were as follows:

	4/27/2013			4/28/2012
Equity securities		57	%		67	%
Fixed income		29	%		31	%
Cash and equivalents		14	%		2	%
Total		100	%		100	%

Schedule of fair value of the assets

The following table presents the fair value of the assets in our defined benefit pension plan for eligible factory hourly employees at April 27, 2013, and April 28, 2012. The various levels of the fair value hierarchy are described in Note 19.

Fiscal 2013
(Amounts in thousands)	Level 1 (a)		Level 2 (a)		Level 3
Cash and equivalents	$	429	$	15,767	$	—
Equity funds		47,047		16,140		—
Debt funds		—		32,047		—
Total	$	47,476	$	63,954	$	—

(a) There were no transfers between Level 1 and Level 2 during fiscal 2013.

Fiscal 2012
(Amounts in thousands)	Level 1 (b)		Level 2 (b)		Level 3
Cash and equivalents	$	359	$	1,377	$	—
Equity funds		44,725		15,071		—
Debt funds		—		27,470		—
Total	$	45,084	$	43,918	$	—

(b) There were no transfers between Level 1 and Level 2 during fiscal 2012.

Schedule of expected benefit payments

The expected benefit payments by our defined benefit pension plan for eligible factory hourly employees for each of the next five fiscal years and for periods thereafter are presented in the following table:

(Amounts in thousands)	Benefit Payments
2014	$	5,331
2015		5,387
2016		5,493
2017		5,653
2018		5,811
2019 to 2024		32,014
	$	59,689