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PENSION PLANS
3 Months Ended
Mar. 31, 2013
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure
PENSION PLANS
Net periodic benefit cost includes the following components:
 
 
13 Weeks Ended

 
March 31,
2013
 
April 1,
2012
Interest cost
 
$
4,552

 
$
5,042

Expected return on plan assets
 
(5,208
)
 
(5,626
)
Amortization of net actuarial losses
 
6,898

 
5,785

Settlement loss
 

 
983

Total
 
$
6,242

 
$
6,184


As a result of associates retiring in 2012 and electing a lump-sum payment of their pension benefits under our non-qualified retirement plan, we recognized a non-cash settlement loss during the first quarter of 2012. A pension settlement is recorded when the total lump sum payments for a year exceed total service and interest costs to be recognized for that year. As part of the settlement, we recognized a pro-rata portion of the unrecognized net losses included in accumulated other comprehensive loss equal to the percentage reduction in the pension benefit obligation.