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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2011
Pension and Other Postretirement Benefit Expense [Abstract]  
Components of Net Periodic Benefit Costs
The following tables provide a reconciliation of the changes in the plans' benefit obligations and the fair value of the plans' assets for 2011 and 2010, and a statement of the plans' aggregate funded status as of December 31, 2011 and December 25, 2010 as follows:

   
Pension Benefits
   
Other Benefits
 
(In thousands)
 
2011
   
2010
   
2011
   
2010
 
Change in benefit obligation:
                               
Obligation at beginning of year
 
$
174,464
   
$
164,644
   
$
21,083
   
$
21,381
 
Service cost
   
1,394
     
823
     
344
     
275
 
Interest cost
   
9,051
     
9,374
     
993
     
1,334
 
Actuarial loss (gain)
   
6,077
     
12,417
     
(1,369
)
   
(697
)
Benefit payments
   
(10,942
)
   
(10,636
)
   
(937
)
   
(1,100
)
Effect of curtailments and settlements
   
-
     
-
     
-
     
(167
)
Foreign currency translation adjustment
   
297
     
(2,158
)
   
(169
)
   
57
 
                                 
Obligation at end of year
   
180,341
     
174,464
     
19,945
     
21,083
 
                                 
Change in fair value of plan assets:
                               
Fair value of plan assets at beginning of year
   
156,215
     
147,703
     
-
     
-
 
Actual return on plan assets
   
(1,306
)
   
17,585
     
-
     
-
 
Employer contributions
   
3,094
     
3,042
     
937
     
1,100
 
Benefit payments
   
(10,942
)
   
(10,636
)
   
(937
)
   
(1,100
)
Foreign currency translation adjustment
   
441
     
(1,479
)
   
-
     
-
 
                                 
Fair value of plan assets at end of year
   
147,502
     
156,215
     
-
     
-
 
                                 
Underfunded status at end of year
 
$
(32,839
)
 
$
(18,249
)
 
$
(19,945
)
 
$
(21,083
)
                                 
Amounts recognized in accumulated OCI (before the effect of income taxes)
The following represents amounts recognized in accumulated OCI (before the effect of income taxes) at December 31, 2011 and December 25, 2010:

   
Pension Benefits
   
Other Benefits
 
(In thousands)
 
2011
   
2010
   
2011
   
2010
 
                 
Unrecognized net actuarial loss
 
$
58,436
   
$
41,935
   
$
118
   
$
1,455
 
Unrecognized prior service cost
   
3
     
4
     
17
     
16
 
                                 
Funded status of the plans recognized
As of December 31, 2011 and December 25, 2010, the total funded status of the plans recognized in the Consolidated Balance Sheets was as follows:

   
Pension Benefits
   
Other Benefits
 
 (In thousands)
 
2011
   
2010
   
2011
   
2010
 
                                 
Current liability
 
$
-
   
$
-
   
$
(1,333
)
   
(1,362
)
Long-term liability
   
(32,839
)
   
(18,249
)
   
(18,612
)
   
(19,721
)
                                 
Total underfunded status
 
$
(32,839
)
 
$
(18,249
)
 
$
(19,945
)
 
$
(21,083
)
Components of net periodic costs
The components of net periodic benefit cost are as follows:

(In thousands)
 
2011
   
2010
   
2009
 
Pension benefits:
                       
Service cost
 
$
1,394
   
$
823
   
$
865
 
Interest cost
   
9,051
     
9,374
     
8,907
 
Expected return on plan assets
   
(11,569
)
   
(11,443
)
   
(10,732
)
Amortization of prior service cost
   
2
     
294
     
305
 
Amortization of net loss
   
2,346
     
2,307
     
833
 
                         
Net periodic benefit cost
 
$
1,224
   
$
1,355
   
$
178
 
                         
Other benefits:
                       
Service cost
 
$
344
   
$
273
   
$
235
 
Interest cost
   
993
     
1,333
     
1,824
 
Amortization of prior service (credit) cost
   
(3
)
   
1
     
2
 
Amortization of net (gain) loss
   
(2
)
   
156
     
156
 
Effect of curtailments and settlements
   
-
     
25
     
28
 
                         
Net periodic benefit cost
 
$
1,332
   
$
1,788
   
$
2,245
 
Weighted average assumptions used in the measurement of the Company's benefit obligation and net periodic benefit cost are as follows

The weighted average assumptions used in the measurement of the Company's benefit obligations are as follows:

   
Pension Benefits
   
Other Benefits
 
   
2011
   
2010
   
2011
   
2010
 
                                 
Discount rate
   
4.80%
     
5.25%
     
4.97%
     
5.39%
 
Expected long-term return on plan assets
   
7.11%
     
7.51%
     
N/A
     
N/A
 
Rate of compensation increases
   
N/A
     
N/A
     
5.04%
     
5.04%
 
Rate of inflation
   
3.00%
     
3.40%
     
N/A
     
N/A
 
 
The weighted average assumptions used in the measurement of the Company's net periodic benefit cost are as follows:

   
Pension Benefits
  
Other Benefits
 
   
2011
  
2010
  
2009
  
2011
  
2010
  
2009
 
                    
Discount rate
  5.25%  5.77%  6.44%  5.39%  6.08%  6.24%
Expected long-term return on plan assets
  7.51%  8.04%  8.12%  N/A   N/A   N/A 
Rate of compensation increases
  3.40%  3.75%  2.75%  5.04%  5.04%  5.04%
                          
Weighted average asset allocation of pension fund assets
The weighted average asset allocation of the Company's pension fund assets are as follows:

   
Pension Plan Assets
 
Asset category
 
2011
  
2010
 
        
Equity securities (includes equity mutual funds)
  80 %  73 %
Fixed income securities (includes fixed income mutual funds)
  5   4 
Cash and equivalents (includes money market funds)
  8   16 
Alternative investments
  7   7 
          
Total
  100 %  100 %
Plan assets at fair value within the fair value hierarchy, by level
The following table sets forth by level, within the fair value hierarchy, the assets of the plans at fair value as of December 31, 2011:

(In thousands)
 
Fair Value Measurements at December 31, 2011
 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                     
Cash and money market funds
 
$
11,707
   
$
-
   
$
-
   
$
11,707
 
Common stock (a)
   
58,498
     
-
     
-
     
58,498
 
Mutual funds (b)
   
19,054
     
47,098
     
-
     
66,152
 
Limited partnerships
   
-
     
-
     
11,145
     
11,145
 
                                 
Total
 
$
89,259
   
$
47,098
   
$
11,145
   
$
147,502
 
                                 

(a)
Approximately 88 percent of common stock represents investments in U.S. companies primarily in the health care, utilities, financials, consumer staples, industrials, information technology, and telecommunications sectors.  All investments in common stock are listed on U.S. stock exchanges.
   
(b)
Approximately 30 percent of mutual funds are actively managed funds and approximately 70 percent of mutual funds are index funds.  Additionally, 32 percent of the mutual funds' assets are invested in U.S. equities, 57 percent in non-U.S. equities, and 11 percent in non-U.S. fixed income securities.
Plan assets measured at fair value using significant unobservable inputs
The table below reflects the changes in the assets of the plan measured at fair value on a recurring basis using significant unobservable inputs (Level 3 hierarchy as defined by ASC 820) during the year ended December 31, 2011:

 (In thousands)
 
Limited Partnerships
 
      
Balance, December 25, 2010
 
$
11,590
 
Purchases
   
1,068
 
Redemptions
   
(1,668
)
Net appreciation in fair value
   
155
 
         
Balance, December 31, 2011
 
$
11,145
 
         
Future benefit plans payments
The Company expects future benefits to be paid from the plans as follows:

(In thousands)
  
Pension Benefits
   
Other Benefits
 
           
2012
  
$
10,311
   
$
1,333
 
2013
    
10,384
     
1,350
 
2014
    
10,513
     
1,370
 
2015
    
10,657
     
1,433
 
2016
    
10,783
     
1,386
 
 2017-2021    
53,809
     
7,328
 
                  
Total
  
$
106,457
   
$
14,200