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Pension Plans
9 Months Ended
Oct. 01, 2011
Pension Plans [Abstract] 
Pension Plans

9. PENSION PLANS

The Company's net periodic defined benefit pension cost is comprised of the following components (in thousands):

 

     Three Months Ended     Nine Months Ended  
     October 1, 2011     October 2, 2010     October 1, 2011     October 2, 2010  

Service cost

   $ 572      $ 586      $ 1,909      $ 1,758   

Interest cost

     1,758        1,734        5,734        5,203   

Expected return on plan assets

     (1,623     (1,566     (5,279     (4,697

Amortization of prior service cost and net actuarial loss

     876        611        2,712        1,832   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit expense

   $ 1,583      $ 1,365      $ 5,076      $ 4,096   
  

 

 

   

 

 

   

 

 

   

 

 

 

The estimated net actuarial loss and prior service cost for defined benefit pension plans that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost during the 2011 fiscal year is $3.3 million and $0.2 million, respectively.

During the first nine months of 2011 and 2010, the Company contributed $5.7 million and $3.9 million, respectively, to defined benefit pension plans. The Company expects to contribute an additional $1.3 million, for total contributions of $7.0 million in 2011. The Company contributed a total of $4.1 million in 2010. The assumptions used in the valuation of the Company's pension plans and in the target investment allocation have remained the same as those disclosed in the Company's 2010 Annual Report on Form 10-K filed on March 2, 2011.