Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

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 2016 and 2015, and a statement of the plans' aggregate funded status:

	Pension Benefits						Other Benefits
(In thousands)	2016			2015			2016			2015
Change in benefit obligation:
Obligation at beginning of year	$	192,761		$	207,738		$	15,843		$	19,307
Service cost		532			803			232			363
Interest cost		7,553			8,032			594			1,005
Actuarial loss (gain)		9,399			(9,163	)		(249	)		270
Plan amendments		—			—			43			(9,094	)
Business acquisitions		—			—			—			5,655
Benefit payments		(17,572	)		(10,795	)		(1,023	)		(1,037	)
Foreign currency translation adjustment		(13,937	)		(3,854	)		(166	)		(626	)
Obligation at end of year		178,736			192,761			15,274			15,843
Change in fair value of plan assets:
Fair value of plan assets at beginning of year		176,077			190,016			—			—
Actual return on plan assets		19,319			(1,682	)		—			—
Employer contributions		2,377			1,513			1,023			1,037
Benefit payments		(17,572	)		(10,795	)		(1,023	)		(1,037	)
Foreign currency translation adjustment		(11,061	)		(2,975	)		—			—
Fair value of plan assets at end of year		169,140			176,077			—			—
Underfunded status at end of year	$	(9,596	)	$	(16,684	)	$	(15,274	)	$	(15,843	)

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)	2016		2015		2016			2015
Unrecognized net actuarial loss	$	39,986	$	48,681	$	614		$	767
Unrecognized prior service credit		—		—		(8,180	)		(9,087	)

Funded status of the plans recognized

As of December 31, 2016 and December 26, 2015, the total funded status of the plans recognized in the Consolidated Balance Sheets was as follows:

	Pension Benefits						Other Benefits
(In thousands)	2016			2015			2016			2015
Long-term asset	$	4,442		$	765		$	—		$	—
Current liability		—			—			(1,128	)		(1,221	)
Long-term liability		(14,038	)		(17,449	)		(14,146	)		(14,622	)
Total underfunded status	$	(9,596	)	$	(16,684	)	$	(15,274	)	$	(15,843	)

Components of net periodic benefit costs

The components of net periodic benefit cost are as follows:

(In thousands)	2016			2015			2014
Pension benefits:
Service cost	$	532		$	803		$	973
Interest cost		7,553			8,032			8,590
Expected return on plan assets		(9,615	)		(10,289	)		(13,669	)
Amortization of prior service cost		—			—			1
Amortization of net loss		2,898			2,710			752
Settlement charge		1,214			—			—
Net periodic benefit cost (income)	$	2,582		$	1,256		$	(3,353	)
Other benefits:
Service cost	$	232		$	363		$	348
Interest cost		594			1,005			685
Amortization of prior service (credit) cost		(896	)		6			6
Amortization of net gain		(60	)		(28	)		(218	)
Net periodic benefit (income) cost	$	(130	)	$	1,346		$	821

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
	2016		2015		2016		2015
Discount rate	3.61	%	4.02	%	4.21	%	4.25	%
Expected long-term return on plan assets	5.56	%	5.59	%	N/A		N/A
Rate of compensation increases	N/A		N/A		5.00	%	5.00	%
Rate of inflation	3.30	%	3.20	%	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
	2016		2015		2014		2016		2015		2014
Discount rate	4.02	%	4.03	%	4.82	%	4.25	%	4.33	%	4.89	%
Expected long-term return on plan assets	5.59	%	5.58	%	7.40	%	N/A		N/A		N/A
Rate of compensation increases	N/A		N/A		N/A		5.00	%	5.00	%	5.50	%
Rate of inflation	3.20	%	3.10	%	3.40	%	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	2016		2015
Equity securities (includes equity mutual funds)	47	%	51	%
Fixed income securities (includes fixed income mutual funds)	48		37
Cash and equivalents (includes money market funds)	3		9
Alternative investments	2		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 31, 2016
(In thousands)	Level 1			Level 2			Level 3			Total
Cash and money market funds		$	4,245		$	—		$	—		$	4,245
Common stock (1)			18,601			—			—			18,601
Mutual funds (2)			5,572			136,027			—			141,599
Limited partnerships			—			—			4,695			4,695
Total		$	28,418		$	136,027		$	4,695		$	169,140

	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 (3)			25,229			—			—			25,229
Mutual funds (4)			9,666			119,960			—			129,626
Limited partnerships			—			—			4,590			4,590
Total		$	51,527		$	119,960		$	4,590		$	176,077

(1)	Approximately 90 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 68 percent of mutual funds are actively managed funds and approximately 32 percent of mutual funds are index funds.  Additionally, five percent of the mutual funds' assets are invested in U.S. equities, 38 percent in non-U.S. equities, 54 percent in U.S. fixed income securities, and three percent in non-U.S. fixed income securities.
(3)	Approximately 89 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 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.

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 31, 2016:

(In thousands)	Limited Partnerships
Balance, December 26, 2015	$	4,590
Redemptions		(196	)
Subscriptions		196
Net appreciation in fair value		105
Balance, December 31, 2016	$	4,695

Future benefit plans payments

The Company expects future benefits to be paid from the plans as follows:

(In thousands)	Pension Benefits		Other Benefits
2017	$	10,496	$	1,179
2018		10,491		1,100
2019		10,496		1,052
2020		10,431		1,294
2021		10,388		1,102
2022-2026		51,211		5,902
Total	$	103,513	$	11,629