XML 37 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 12 - Benefit Plans (Tables)
12 Months Ended
Dec. 28, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
   

2013

   

2012

 

(In thousands)

 

U.S.

   

Foreign

   

Total

   

U.S.

   

Foreign

   

Total

 

Change in benefit obligation:

                                               

Benefit obligation at beginning of year

  $ 95,187     $ 15,406     $ 110,593     $ 94,383     $ 13,193     $ 107,576  

Service cost

    600       744       1,344       600       601       1,201  

Interest cost

    3,565       1,376       4,941       4,962       644       5,606  

Curtailment (gain)

                            (87 )     (87 )

Net actuarial (gain) loss

    (9,854 )     1,111       (8,743 )     20,333       2,562       22,895  

Benefits paid from the trust

    (5,076 )     (1,755 )     (6,831 )     (21,566 )     (1,201 )     (22,767 )

Benefits paid directly by company

          (112 )     (112 )           (725 )     (725 )

Acquisition

          31,041       31,041                    

Settlement (gain)

                      (3,525 )           (3,525 )

Effect of exchange rate movements

          2,520       2,520             419       419  

Benefit obligation at end of year

  $ 84,422     $ 50,331     $ 134,753     $ 95,187     $ 15,406     $ 110,593  
                                                 

Change in plan assets at fair value:

                                               

Fair value of plan assets at beginning of year

  $ 77,949     $ 10,952     $ 88,901     $ 81,201     $ 11,278     $ 92,479  

Actual return on plan assets

    5,875       (196 )     5,679       8,314       604       8,918  

Employer contributions

    5,000       4,109       9,109       10,000             10,000  

Benefits paid

    (5,076 )     (1,756 )     (6,832 )     (21,566 )     (1,201 )     (22,767 )

Acquisition

          26,904       26,904                    

Effect of exchange rate movements

          2,464       2,464             271       271  

Fair value of plan assets at end of year

    83,748       42,477       126,225       77,949       10,952       88,901  

Net amount recognized/(unfunded status)

  $ (674 )   $ (7,854 )   $ (8,528 )   $ (17,238 )   $ (4,454 )   $ (21,692 )
                                                 

Amounts recognized in the Consolidated Balance Sheet consist of:

                                               

Prepaid benefit cost

  $     $     $     $     $ 646     $ 646  

Accrued benefit liability

    (674 )     (7,854 )     (8,528 )     (17,238 )     (5,100 )     (22,338 )

Net liability recognized

  $ (674 )   $ (7,854 )   $ (8,528 )   $ (17,238 )   $ (4,454 )   $ (21,692 )

Accumulated other comprehensive loss

  $ 18,095     $ 5,594     $ 23,689     $ 29,406     $ 3,292     $ 32,698  
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
   

2013

   

2012

 

(In thousands)

 

U.S.

   

Foreign

   

Total

   

U.S.

   

Foreign

   

Total

 

Net actuarial loss

  $ 18,095     $ 5,594     $ 23,689     $ 29,406     $ 3,292     $ 32,698  

Prior service (cost)

                                   

Net amount recognized / occurring, pre-tax

  $ 18,095     $ 5,594     $ 23,689     $ 29,406     $ 3,292     $ 32,698  
Schedule of Net Benefit Costs [Table Text Block]
   

U.S.

   

Foreign

 

(In thousands)

 

2013

   

2012

   

2011

   

2013

   

2012

   

2011

 

Components of net periodic benefit cost:

                                               

Service cost

  $ 600     $ 600     $ 560     $ 744     $ 601     $ 429  

Interest cost

    3,565       4,962       5,110       1,376       644       632  

Expected return on plan assets

    (5,360 )     (6,620 )     (6,518 )     (1,207 )     (480 )     (507 )

Amortization of prior service (credit)

                            (1 )     (1 )

Amortization of losses (gains)

    942       338       748       130       63       25  

Total cost of the plan for the year

    (253 )     (720 )     (100 )     1,043       827       578  

Expected plan participants’ contributions

                                   

Net periodic benefit (credit) cost

    (253 )     (720 )     (100 )     1,043       827       578  

Settlement loss

          5,098                   188       11  

Total (income) expense for the year

  $ (253 )   $ 4,378     $ (100 )   $ 1,043     $ 1,015     $ 589  
Schedule of Assumptions Used [Table Text Block]
   

U.S.

   

Foreign

 
   

2013

   

2012

   

2011

   

2013

   

2012

   

2011

 
Discount rate     3.9 %     5.4 %     5.9%/5.4% (1)     4.5 %     5.5 %     5.3 %
Expected return on plan assets     6.8 %     7.8 %     8.5%/7.5% (2)     4.8 %     4.5 %     4.5 %

Compensation increase rate

                      3.6 %     5.6 %     5.3 %
Measurement dates     12/31/13       12/31/12       12/31/11       12/31/13       12/31/12       12/31/11  
   

U.S.

   

Foreign

 
   

2013

   

2012

   

2011

   

2013

   

2012

   

2011

 

Discount rate

    4.8 %     3.9 %     5.4 %     4.5 %     4.2 %     5.5 %

Compensation increase rate

                      3.8 %     6.3 %     5.6 %
Measurement dates     12/31/13       12/31/12       12/31/11       12/31/13       12/31/12       12/31/11  
Schedule of Expected Benefit Payments [Table Text Block]

Year

 

U.S.

   

Foreign

 

2014

  $ 5,303     $ 2,245  

2015

    5,310       2,106  

2016

    5,352       2,175  

2017

    5,405       2,238  

2018

    5,354       2,278  
Schedule of Allocation of Plan Assets [Table Text Block]
   

U.S. Asset Allocation

   

Foreign Asset Allocation

 
   

2013

   

2012

   

2013

   

2012

 

Equity securities

    53 %     53 %     33 %     3 %

Debt securities

    46 %     46 %     61 %     95 %

Cash

    1 %     1 %     6 %     2 %
      100 %     100 %     100 %     100 %
Pension Plan Assets Measured at Fair Value [Table Text Block]
   

Fair Value Measurements Using

         
   

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable
Inputs
(Level 3)

   

Total

 

Equities:

                               

MSCI Emg Mkts Index Fund

  $     $ 4,679     $     $ 4,679  

MSCI World Index Fund

          39,332             39,332  

Global Equity Index Fund

          12,859             12,859  

Philippine Stock

    918                   918  

Fixed income:

                               

Long U.S. Credit Corp Index Fund

          24,830             24,830  

Long U.S. Govt Bond Index Fund

          8,269             8,269  

High yield corporate bond funds

          5,792             5,792  

Investment grade corporate bond funds

    9,637                   9,637  

Over 15y Gilts Index Fund

          5,626             5,626  

Act Agg Long Dat 50:50 Fixed Int Fund

          5,174             5,174  

AAA Fixed Int Over 15 Year Fund

          5,394             5,394  

Other

    237                   237  

Cash and equivalents

    3,478                   3,478  

Total pension plan assets

  $ 14,270     $ 111,955     $     $ 126,225  
   

Fair Value Measurements Using

         
   

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable
Inputs
(Level 3)

   

Total

 

Equities:

                               

MSCI Emg Mkts Index Fund

  $     $ 6,243     $     $ 6,243  

MSCI World Index Fund

          34,666             34,666  

Fixed income:

                               

Long U.S. Credit Corp Index Fund

          22,889             22,889  

Long U.S. Govt Bond Index Fund

          7,630             7,630  

High yield corporate bond funds

          5,378             5,378  

Investment grade corporate bond funds

          10,297             10,297  

Other

          655             655  

Cash and equivalents

    1,143                   1,143  

Total pension plan assets

  $ 1,143     $ 87,758     $     $ 88,901