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Pension and Other Postretirement Benefits (Tables)
9 Months Ended
Sep. 23, 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
 
 
September 23, 2012
 
September 25, 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 Nine Months Ended
 
 
September 23, 2012
 
September 25, 2011
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All Plans
Service cost
 
$
8,795

 
$
1,131

 
$
9,926

 
$
9,057

 
$
1,131

 
$
10,188

Interest cost
 
72,447

 
9,495

 
81,942

 
74,994

 
9,858

 
84,852

Expected return on plan assets
 
(88,805
)
 

 
(88,805
)
 
(83,859
)
 

 
(83,859
)
Amortization of prior service cost
 
603

 

 
603

 
603

 

 
603

Recognized actuarial loss
 
22,408

 
3,486

 
25,894

 
19,335

 
2,412

 
21,747

Net periodic pension cost
 
$
15,448

 
$
14,112

 
$
29,560

 
$
20,130

 
$
13,401

 
$
33,531

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 Nine Months Ended
(In thousands)
 
September 23,
2012
 
September 25,
2011
 
September 23,
2012
 
September 25,
2011
Service cost
 
$
239

 
$
290

 
$
717

 
$
870

Interest cost
 
1,246

 
1,825

 
3,738

 
5,475

Amortization of prior service credit
 
(3,778
)
 
(3,901
)
 
(11,334
)
 
(11,703
)
Recognized actuarial loss
 
832

 
481

 
2,496

 
1,443

Curtailment gain
 

 

 
(27,213
)
 

Net periodic postretirement benefit income
 
$
(1,461
)
 
$
(1,305
)
 
$
(31,596
)
 
$
(3,915
)

In the first quarter of 2012, we sold the Regional Media Group (see Note 11). 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 “Income/(loss) from discontinued operations, net of income taxes” in the Condensed Consolidated Statements of Operations.