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Employee Benefit Plans (Tables)
6 Months Ended
Jul. 04, 2015
Compensation and Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost and Assumptions Used
The components of the net periodic benefit cost for the pension benefits and other benefits plans are as follows:
 
 
Three Months Ended 
 July 4, 2015
 
Three Months Ended 
 June 28, 2014
(In thousands)
 
Pension
Benefits
 
Other
Benefits
 
Pension
Benefits
 
Other
Benefits
 
 
 
 
 
 
 
 
 
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
Service cost
 
$
211

 
$
55

 
$
213

 
$
81

Interest cost
 
307

 
63

 
321

 
74

Expected return on plan assets
 
(356
)
 
(10
)
 
(370
)
 
(12
)
Recognized net actuarial loss
 
127

 
18

 
79

 
9

Amortization of prior service cost
 
14

 
24

 
14

 
24

Net periodic benefit cost
 
$
303

 
$
150

 
$
257

 
$
176

 
 
 
 
 
 
 
 
 
The weighted average assumptions used to determine net periodic benefit cost are as follows:
 
 

 
 
 
 
 
 
 
 
 
Discount rate
 
3.87
%
 
3.75
%
 
4.79
%
 
4.30
%
Expected long-term return on plan assets
 
5.25
%
 

 
5.75
%
 

Rate of compensation increase
 
3.00
%
 
2.99
%
 
3.50
%
 
3.24
%

 
 
Six Months Ended 
 July 4, 2015
 
Six Months Ended 
 June 28, 2014
(In thousands)
 
Pension
Benefits
 
Other
Benefits
 
Pension
Benefits
 
Other
Benefits
 
 
 
 
 
 
 
 
 
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
Service cost
 
$
422

 
$
112

 
$
426

 
$
150

Interest cost
 
614

 
128

 
642

 
146

Expected return on plan assets
 
(712
)
 
(21
)
 
(740
)
 
(24
)
Recognized net actuarial loss
 
254

 
35

 
158

 
18

Amortization of prior service cost
 
28

 
46

 
28

 
45

Net periodic benefit cost
 
$
606

 
$
300

 
$
514

 
$
335

 
 
 
 
 
 
 
 
 
The weighted average assumptions used to determine net periodic benefit cost are as follows:
 
 

 
 
 
 
 
 
 
 
 
Discount rate
 
3.87
%
 
3.75
%
 
4.79
%
 
4.28
%
Expected long-term return on plan assets
 
5.25
%
 

 
5.75
%
 

Rate of compensation increase
 
3.00
%
 
2.99
%
 
3.50
%
 
3.23
%