Retirement Plans

9 Months Ended

Sep. 28, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Retirement Plans

We have an unfunded supplemental executive retirement plan covering certain officers, key members of management and our non-employee directors.  Subject to certain vesting requirements, the plan provides for retirement benefits based on the average of the final thirty-six months of base salary.  Such benefits become payable upon attaining age sixty-five, or upon retirement, if later.  The benefits are paid biweekly and continue for the remainder of the retiree’s life or for a minimum of ten years. The plan was closed to new participants effective February 3, 2011.

For the thirty-nine weeks ended September 28, 2014, payments to retirees or their beneficiaries totaled approximately $1,040,000.  We presently anticipate benefit payments in 2014 to total approximately $1.5 million.  The following table summarizes the components of net periodic pension cost for the first three quarters of 2014 and 2013.

(Dollars in thousands)	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	September 28, 2014		September 29, 2013		September 28, 2014		September 29, 2013
Service cost	$	21	$	67	$	346	$	201
Interest cost	293		283		879		851
Net amortization	30		135		89		404
Net periodic pension cost	$	344	$	485	$	1,314	$	1,456