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Pension and Other Postretirement Benefits (Tables)
6 Months Ended
Jun. 24, 2012
Pension Plans, Defined Benefit [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of components of net periodic cost
The components of net periodic pension cost of all Company-sponsored defined benefit pension plans and The New York Times Newspaper Guild pension plan, a joint Company and Guild-sponsored plan, were as follows:

 
 
For the Quarters Ended
 
 
June 24, 2012
 
June 26, 2011
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All Plans
Service cost
 
$
2,894

 
$
377

 
$
3,271

 
$
3,019

 
$
377

 
$
3,396

Interest cost
 
24,130

 
3,165

 
27,295

 
24,998

 
3,286

 
28,284

Expected return on plan assets
 
(29,614
)
 

 
(29,614
)
 
(27,953
)
 

 
(27,953
)
Amortization of prior service cost
 
201

 

 
201

 
201

 

 
201

Recognized actuarial loss
 
7,471

 
1,162

 
8,633

 
6,445

 
804

 
7,249

Net periodic pension cost
 
$
5,082

 
$
4,704

 
$
9,786

 
$
6,710

 
$
4,467

 
$
11,177


 
 
For the Six Months Ended
 
 
June 24, 2012
 
June 26, 2011
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All Plans
Service cost
 
$
5,901

 
$
754

 
$
6,655

 
$
6,038

 
$
754

 
$
6,792

Interest cost
 
48,317

 
6,330

 
54,647

 
49,996

 
6,572

 
56,568

Expected return on plan assets
 
(59,191
)
 

 
(59,191
)
 
(55,906
)
 

 
(55,906
)
Amortization of prior service cost
 
402

 

 
402

 
402

 

 
402

Recognized actuarial loss
 
14,937

 
2,324

 
17,261

 
12,890

 
1,608

 
14,498

Net periodic pension cost
 
$
10,366

 
$
9,408

 
$
19,774

 
$
13,420

 
$
8,934

 
$
22,354

Other Postretirement Benefit Plans, Defined Benefit [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of components of net periodic cost
The components of net periodic postretirement benefit income were as follows:

 
 
For the Quarters Ended
 
For the Six Months Ended
(In thousands)
 
June 24,
2012
 
June 26,
2011
 
June 24,
2012
 
June 26,
2011
Service cost
 
$
239

 
$
290

 
$
478

 
$
580

Interest cost
 
1,246

 
1,825

 
2,492

 
3,650

Amortization of prior service credit
 
(3,778
)
 
(3,901
)
 
(7,556
)
 
(7,802
)
Recognized actuarial loss
 
832

 
481

 
1,664

 
962

Curtailment gain
 

 

 
(27,213
)
 

Net periodic postretirement benefit income
 
$
(1,461
)
 
$
(1,305
)
 
$
(30,135
)
 
$
(2,610
)

In the first quarter of 2012, we sold the Regional Media Group (see Note 12). The sale significantly reduced the expected years of future service for current employees, resulting in a remeasurement and curtailment of a postretirement benefit plan. We recognized a curtailment gain of $27.2 million in the first quarter of 2012. The curtailment gain is included in the gain on the sale within “(Loss)/income from discontinued operations, net of income taxes” in the Condensed Consolidated Statement of Operations.