XML 70 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Postretirement Benefits (Tables)
12 Months Ended
Dec. 28, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Reconciliation of Changes in Benefit Obligation and Fair Value of Plan Assets and Unfunded Status of Plan
The following tables provide a reconciliation of the changes in the benefit obligation and fair value of plan assets and the unfunded status of the plan measured as of December 28, 2013 and December 29, 2012:
 
 
2013
 
2012
 
 
(Amounts are in thousands)
Change in benefit obligation:
 
 
 
 
Benefit obligation as of beginning of year
 
$
121,021

 
107,624

Service cost
 
114

 
148

Interest cost
 
4,521

 
4,866

Actuarial (gain) loss
 
(14,563
)
 
12,168

Benefit payments
 
(3,769
)
 
(3,785
)
Benefit obligation as of end of year
 
107,324

 
121,021

Change in fair value of plan assets:
 
 
 
 
Fair value of plan assets as of beginning of year
 

 

Employer contributions
 
3,769

 
3,785

Benefit payments
 
(3,769
)
 
(3,785
)
Fair value of plan assets as of end of year
 

 

Unfunded status of the plan as of end of year
 
$
107,324

 
121,021

Current liability
 
$
4,561

 
4,300

Noncurrent liability
 
102,763

 
116,721

Total recognized liability
 
$
107,324

 
121,021

Estimated Future Benefit Payments
The estimated future benefit payments are expected to be paid as follows:
Year
 
(Amounts are in thousands)
2014
$
4,561

2015
4,811

2016
5,047

2017
5,275

2018
5,487

2019 through 2023
30,781

Thereafter
51,362

 
$
107,324

 
 
Net Periodic Postretirement Benefit Cost
Net periodic postretirement benefit cost consists of the following components:
 
 
2013
 
2012
 
2011
 
 
(Amounts are in thousands)
Service cost
 
$
114

 
148

 
163

Interest cost
 
4,521

 
4,866

 
5,301

Amortization of actuarial losses
 
5,253

 
3,115

 
1,071

Net periodic postretirement benefit cost
 
$
9,888

 
8,129

 
6,535

Defined Benefit Obligations
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Actuarial Assumptions Used in Calculation of Benefit Obligation
Following are the actuarial assumptions that were used in the calculation of the year end benefit obligation:
 
 
2013
 
2012
 
2011
Discount rate
 
4.7
%
 
3.8
%
 
4.6
%
Rate of compensation increase
 
4.0
%
 
4.0
%
 
4.0
%
Net Periodic Postretirement Benefit Cost
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Actuarial Assumptions Used in Calculation of Benefit Obligation
Following are the actuarial assumptions that were used in the calculation of the net periodic postretirement benefit cost:
 
 
2013
 
2012
 
2011
Discount rate
 
3.8
%
 
4.6
%
 
5.7
%
Rate of compensation increase
 
4.0
%
 
4.0
%
 
4.0
%