Postretirement Benefits (Tables)

12 Months Ended

Dec. 29, 2012

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 29, 2012 and December 31, 2011:

	2012		2011
		(Amounts are in thousands)
Change in benefit obligation:
Benefit obligation as of beginning of year		$  107,624		94,776
Service cost		148		163
Interest cost		4,866		5,301
Actuarial loss		12,168		10,530
Benefit payments		(3,785)		(3,146)
Benefit obligation as of end of year		121,021		107,624
Change in fair value of plan assets:
Fair value of plan assets as of beginning of year		---		---
Employer contributions		3,785		3,146
Benefit payments		(3,785)		(3,146)
Fair value of plan assets as of end of year		---		---
Unfunded status of the plan as of end of year		$121,021		107,624
Current liability		$    4,300		4,029
Noncurrent liability		116,721		103,595
Total recognized liability		$121,021		107,624

Estimated Future Benefit Payments

The estimated future benefit payments are expected to be paid as follows:

Year
(Amounts are in thousands)
2013	$	4,300
2014		4,561
2015		4,801
2016		5,029
2017		5,249
2018 through 2022		29,756
Thereafter		67,325
	$	121,021

Net Periodic Postretirement Benefit Cost

Net periodic postretirement benefit cost consists of the following components:

	2012		2011		2010
		(Amounts are in thousands)
Service cost		$   148		163		175
Interest cost		4,866		5,301		5,291
Amortization of actuarial losses		3,115		1,071		95
Net periodic postretirement benefit cost		$8,129		6,535		5,561

Defined Benefit Obligations

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:

	2012		2011		2010
Discount rate		3.8%		4.6%		5.7%
Rate of compensation increase		4.0%		4.0%		4.0%

Net Periodic Postretirement Benefit Cost

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:

	2012		2011		2010
Discount rate		4.6%		5.7%		6.2%
Rate of compensation increase		4.0%		4.0%		4.0%