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Benefit Plans (Tables)
 12 Months Ended
Dec. 26, 2015
Benefit Plans [Abstract]  
Reconciliation of the changes in the plans' benefit obligations and the fair value of the plans assets
The following tables provide a reconciliation of the changes in the plans' benefit obligations and the fair value of the plans' assets for 2015 and 2014, and a statement of the plans' aggregate funded status:

 
 
Pension Benefits
  
Other Benefits
 
(In thousands)
 
2015
  
2014
  
2015
  
2014
 
Change in benefit obligation:
 
  
  
  
 
Obligation at beginning of year
 
$
207,738
  
$
184,058
  
$
19,307
  
$
15,381
 
Service cost
  
803
   
973
   
363
   
348
 
Interest cost
  
8,032
   
8,590
   
1,005
   
685
 
Actuarial (gain) loss
  
(9,163
)
  
30,138
   
270
   
4,272
 
Plan amendments
  
—
   
—
   
(9,094
)
  
—
 
Business acquisitions
  
—
   
—
   
5,655
   
—
 
Benefit payments
  
(10,795
)
  
(11,064
)
  
(1,037
)
  
(1,142
)
Foreign currency translation adjustment
  
(3,854
)
  
(4,957
)
  
(626
)
  
(237
)
 
                
Obligation at end of year
  
192,761
   
207,738
   
15,843
   
19,307
 
 
                
Change in fair value of plan assets:
                
Fair value of plan assets at beginning of year
  
190,016
   
188,870
   
—
   
—
 
Actual return on plan assets
  
(1,682
)
  
12,716
   
—
   
—
 
Employer contributions
  
1,513
   
3,275
   
1,037
   
1,142
 
Benefit payments
  
(10,795
)
  
(11,064
)
  
(1,037
)
  
(1,142
)
Foreign currency translation adjustment
  
(2,975
)
  
(3,781
)
  
—
   
—
 
 
                
Fair value of plan assets at end of year
  
176,077
   
190,016
   
—
   
—
 
 
                
Underfunded status at end of year
 
$
(16,684
)
 
$
(17,722
)
 
$
(15,843
)
 
$
(19,307
)
 
                
Amounts recognized in accumulated OCI (before the effect of income taxes)
The following represents amounts recognized in AOCI (before the effect of income taxes):

 
 
Pension Benefits
  
Other Benefits
 
(In thousands)
 
2015
  
2014
  
2015
  
2014
 
 
 
  
  
  
 
Unrecognized net actuarial loss
 
$
48,681
  
$
49,830
  
$
767
  
$
473
 
Unrecognized prior service (credit) cost
  
—
   
—
   
(9,087
)
  
14
 
 
                
Funded status of the plans recognized
As of December 26, 2015 and December 27, 2014, the total funded status of the plans recognized in the Consolidated Balance Sheets was as follows:

 
 
Pension Benefits
  
Other Benefits
 
 (In thousands)
 
2015
  
2014
  
2015
  
2014
 
 
 
  
  
  
 
Long-term asset
 
$
765
  
$
2,348
  
$
—
  
$
—
 
Current liability
  
—
   
—
   
(1,221
)
  
(1,251
)
Long-term liability
  
(17,449
)
  
(20,070
)
  
(14,622
)
  
(18,056
)
 
                
Total underfunded status
 
$
(16,684
)
 
$
(17,722
)
 
$
(15,843
)
 
$
(19,307
)
 
                
Components of net periodic benefit costs
The components of net periodic benefit cost are as follows:

(In thousands)
 
2015
  
2014
  
2013
 
Pension benefits:
 
  
  
 
Service cost
 
$
803
  
$
973
  
$
948
 
Interest cost
  
8,032
   
8,590
   
7,774
 
Expected return on plan assets
  
(10,289
)
  
(13,669
)
  
(11,059
)
Amortization of prior service cost
  
—
   
1
   
1
 
Amortization of net loss
  
2,710
   
752
   
4,005
 
 
            
Net periodic benefit cost (income)
 
$
1,256
  
$
(3,353
)
 
$
1,669
 
 
            
Other benefits:
            
Service cost
 
$
363
  
$
348
  
$
413
 
Interest cost
  
1,005
   
685
   
647
 
Amortization of prior service cost (credit)
  
6
   
6
   
(2
)
Amortization of net gain
  
(28
)
  
(218
)
  
(160
)
 
            
Net periodic benefit cost
 
$
1,346
  
$
821
  
$
898
 
 
            
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
 
  
2015
  
2014
  
2015
  
2014
 
             
Discount rate
 
4.02
%
 
4.03
%
 
4.25
%
 
4.33
%
Expected long-term return on plan assets
 
5.59
%
 
5.58
%
 
N/A
  
N/A
 
Rate of compensation increases
 
N/A
  
N/A
  
5.00
%
 
5.00
%
Rate of inflation
 
3.20
%
 
3.10
%
 
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
 
  
2015
  
2014
  
2013
  
2015
  
2014
  
2013
 
                   
Discount rate
 
4.03
%
 
4.82
%
 
4.13
%
 
4.33
%
 
4.89
%
 
4.06
%
Expected long-term return on plan assets
 
5.58
%
 
7.40
%
 
7.15
%
 
N/A
  
N/A
  
N/A
 
Rate of compensation increases
 
N/A
  
N/A
  
N/A
  
5.00
%
 
5.50
%
 
5.04
%
Rate of inflation
 
3.10
%
 
3.40
%
 
2.70
%
 
N/A
  
N/A
  
N/A
 
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
 
2015
  
2014
 
       
Equity securities (includes equity mutual funds)
 
51
%
 
49
%
Fixed income securities (includes fixed income mutual funds)
 
37
  
4
 
Cash and equivalents (includes money market funds)
 
9
  
44
 
Alternative investments
 
3
  
3
 
       
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:

 
Fair Value Measurements at December 26, 2015
 
 (In thousands)
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
Cash and money market funds
 
 
$
16,632
 
 
 
$
—
 
 
 
$
—
 
 
 
$
16,632
 
Common stock (1)
 
  
25,229
 
 
  
—
 
 
  
—
 
 
  
25,229
 
Mutual funds (2)
 
  
9,666
 
 
  
119,960
 
 
  
—
 
 
  
129,626
 
Limited partnerships
 
  
—
 
 
  
—
 
 
  
4,590
 
 
  
4,590
 
 
 
    
 
    
 
    
 
    
Total
 
 
$
51,527
 
 
 
$
119,960
 
 
 
$
4,590
 
 
 
$
176,077
 
 
 
    
 
    
 
    
 
    
 
Fair Value Measurements at December 27, 2014
 
 (In thousands)
Level 1
 
Level 2
 
Level 3
 
Total
 
 
                
Cash and money market funds
 
 
$
84,377
 
 
 
$
—
 
 
 
$
—
 
 
 
$
84,377
 
Common stock (3)
 
  
26,105
 
 
  
—
 
 
  
—
 
 
  
26,105
 
Mutual funds (4)
 
  
11,397
 
 
  
63,067
 
 
  
—
 
 
  
74,464
 
Limited partnerships
 
  
—
 
 
  
—
 
 
  
5,070
 
 
  
5,070
 
 
 
    
 
    
 
    
 
    
Total
 
 
$
121,879
 
 
 
$
63,067
 
 
 
$
5,070
 
 
 
$
190,016
 
 
 
    
 
    
 
    
 
    

(1)
Approximately 50 percent of common stock represents investments in U.S. companies primarily in the health care, utilities, financials, consumer staples, industrials, and information technology sectors.  All investments in common stock are listed on U.S. stock exchanges.
 
 
 
 
(2)
Approximately 67 percent of mutual funds are actively managed funds and approximately 33 percent of mutual funds are index funds.  Additionally, 12 percent of the mutual funds' assets are invested in U.S. equities, 38 percent in non-U.S. equities, 46 percent in U.S. fixed income securities, and 4 percent in non-U.S. fixed income securities.
 
 
 
 
(3)
Approximately 51 percent of common stock represents investments in U.S. companies primarily in the health care, utilities, financials, consumer staples, industrials, and information technology sectors.  All investments in common stock are listed on U.S. stock exchanges.
 
 
 
 
(4)
Approximately 40 percent of mutual funds are actively managed funds and approximately 60 percent of mutual funds are index funds.  Additionally, 23 percent of the mutual funds' assets are invested in U.S. equities, 67 percent in non-U.S. equities, and 10 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 of fair value hierarchy) during the year ended December 26, 2015:

 (In thousands)
 
Limited Partnerships
 
 
 
 
Balance, December 27, 2014
 
$
5,070
 
Redemptions
  
(697
)
Subscriptions
  
250
 
Net depreciation in fair value
  
(33
)
 
    
Balance, December 26, 2015
 
$
4,590
 
 
    
Future benefit plans payments
The Company expects future benefits to be paid from the plans as follows:

(In thousands)
  
Pension Benefits
  
Other Benefits
 
  
  
 
2016
  
$
10,832
  
$
1,221
 
2017
   
10,856
   
1,112
 
2018
   
10,910
   
1,147
 
2019
   
10,994
   
1,111
 
2020
   
11,033
   
1,356
 
 
2021-2025
   
60,251
   
5,973
 
           
Total
  
$
114,876
  
$
11,920