Retirement Plans

6 Months Ended

Jun. 28, 2015

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 twenty-six weeks ended June 28, 2015, payments to retirees or their beneficiaries totaled approximately $0.8 million.  We presently anticipate benefit payments in 2015 to total approximately $2.3 million.  The following table summarizes the components of net periodic pension cost for the second quarter of 2015 and 2014.

(Dollars in thousands)	Thirteen Weeks Ended				Twenty-six Weeks Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
Service cost	$	11	$	304	$	22	$	325
Interest cost	307		293		615		586
Net amortization	134		29		267		59
Net periodic pension cost	$	452	$	626	$	904	$	970