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Benefit Plans (Tables)

12 Months Ended

Dec. 29, 2013

Changes in Projected Benefit Obligation

The following tables set forth pertinent information for the two Company-sponsored pension plans:

Changes in Projected Benefit Obligation

		Fiscal Year
In Thousands		2013				2012
Projected benefit obligation at beginning of year		$	280,099			$	244,990
Service cost			121				105
Interest cost			12,014				12,451
Actuarial (gain)/loss			(29,862	)			29,673
Benefits paid			(43,499	)			(7,120	)
Voluntary pension settlement			7,221				0
Change in plan amendments			171				0
Projected benefit obligation at end of year		$	226,265			$	280,099

Change in Plan Assets

Change in Plan Assets In Thousands		2013				2012
Fair value of plan assets at beginning of year		$	206,555			$	168,502
Actual return on plan assets			30,493				20,156
Employer contributions			7,275				25,017
Benefits paid			(43,499	)			(7,120	)
Fair value of plan assets at end of year		$	200,824			$	206,555

Funded Status

Funded Status In Thousands		Dec. 29, 2013				Dec. 30, 2012
Projected benefit obligation		$	(226,265	)		$	(280,099	)
Plan assets at fair value			200,824				206,555
Net funded status		$	(25,441	)		$	(73,544	)

Amounts Recognized in the Consolidated Balance Sheet

Amounts Recognized in the Consolidated Balance Sheets
In Thousands		Dec. 29, 2013				Dec. 30, 2012
Current liabilities		$	0			$	0
Noncurrent liabilities			(25,441	)			(73,544	)
Net amount recognized		$	(25,441	)		$	(73,544	)

Net Periodic Pension Cost

Net Periodic Pension Cost		Fiscal Year
In Thousands		2013				2012				2011
Service cost		$	121			$	105			$	96
Interest cost			12,014				12,451				12,340
Expected return on plan assets			(13,797	)			(12,462	)			(11,684	)
Loss on voluntary pension settlement			12,014				—				—
Amortization of prior service cost			28				17				18
Recognized net actuarial loss			3,027				2,822				2,130
Net periodic pension cost		$	13,407			$	2,933			$	2,900

Significant Assumptions Used

Significant Assumptions Used		2013				2012				2011
Projected benefit obligation at the measurement date:
Discount rate			5.21	%			4.47	%			5.18	%
Weighted average rate of compensation increase			N/A				N/A				N/A
Net periodic pension cost for the fiscal year:
Discount rate			4.47	%			5.18	%			5.50	%
Weighted average expected long-term rate of return on plan assets			7.00	%			7.00	%			7.00	%
Weighted average rate of compensation increase			N/A				N/A				N/A

Expected Weighted Average Long-Term Rate of Return

The Company’s pension plans target asset allocation for 2014, actual asset allocation at December 29, 2013 and December 30, 2012 and the expected weighted average long-term rate of return by asset category were as follows:

		Target Allocation 2014				Percentage of Plan Assets at Fiscal Year- End								Weighted Average Expected Long-Term Rate of Return - 2013
						2013				2012
U.S. large capitalization equity securities			40	%			40	%			42	%			3.5	%
U.S. small/mid-capitalization equity securities			5	%			5	%			4	%			0.4	%
International equity securities			15	%			15	%			11	%			1.4	%
Debt securities			40	%			40	%			43	%			1.7	%
Total			100	%			100	%			100	%			7.0	%

Pension Plan Assets Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s pension plan assets measured at fair value on a recurring basis (at least annually) at December 29, 2013:

In Thousands		Quoted Prices in Active Market for Identical Assets (Level 1)				Significant Other Observable Input (Level 2)				Total
Cash equivalents(1)
Common/collective trust funds		$	0			$	196			$	196
Equity securities
Common/collective trust funds(2)			0				120,044				120,044
Other			624				0				624
Fixed income
Common/collective trust funds(2)			0				79,960				79,960
Total		$	624			$	200,200			$	200,824

(1) Cash equivalents are valued at their net asset value which approximates fair value.

(2) The underlying investments held in common/collective trust funds are actively managed equity securities and fixed income investment vehicles that are valued at the net asset value per share multiplied by the number of shares held as of the measurement date.

The following table summarizes the Company’s pension plan assets measured at fair value on a recurring basis (at least annually) at December 30, 2012:

In Thousands		Quoted Prices in Active  Market for Identical Assets (Level 1)				Significant Other Observable Input (Level 2)				Total
Cash equivalents(1)
Common/collective trust funds		$	0			$	461			$	461
Equity securities(2)
U.S. large capitalization			13,414				0				13,414
U.S. mid-capitalization			1,789				0				1,789
International			1,548				0				1,548
Common/collective trust funds(3)			0				99,399				99,399
Other			606				0				606
Fixed income
Common/collective trust funds(3)			0				89,338				89,338
Total		$	17,357			$	189,198			$	206,555

(1) Cash equivalents are valued at their net asset value which approximates fair value.

(2) Equity securities other than common/collective trust funds consist primarily of common stock. Investments in common stocks are valued using quoted market prices multiplied by the number of shares owned.

(3) The underlying investments held in common/collective trust funds are actively managed equity securities and fixed income investment vehicles that are valued at the net asset value per share multiplied by the number of shares held as of the measurement date.

The Company does not have any unobser

Reconciliation of Beginning and Ending Balances of Benefit Obligation

		Fiscal Year
In Thousands		2013				2012
Benefit obligation at beginning of year		$	69,828			$	64,696
Service cost			1,626				1,256
Interest cost			2,877				2,981
Plan participants’ contributions			569				584
Actuarial (gain)/loss			(3,560	)			4,287
Benefits paid			(3,611	)			(4,030	)
Medicare Part D subsidy reimbursement			111				54
Benefit obligation at end of year		$	67,840			$	69,828

Reconciliation of Beginning and Ending Balances of Fair Value of Plan Assets

Fair value of plan assets at beginning of year		$	0			$	0
Employer contributions			2,931				3,392
Plan participants’ contributions			569				584
Benefits paid			(3,611	)			(4,030	)
Medicare Part D subsidy reimbursement			111				54
Fair value of plan assets at end of year		$	0			$	0

Reconciliation of Beginning and Ending Balances of Accrued Liability

In Thousands		Dec. 29, 2013				Dec. 30, 2012
Current liabilities		$	(2,682	)		$	(2,653	)
Noncurrent liabilities			(65,158	)			(67,175	)
Accrued liability at end of year		$	(67,840	)		$	(69,828	)

Components of Net Periodic Postretirement Benefit Cost Reconciliation

The components of net periodic postretirement benefit cost were as follows:

		Fiscal Year
In Thousands		2013				2012				2011
Service cost		$	1,626			$	1,256			$	961
Interest cost			2,877				2,981				2,926
Amortization of unrecognized transitional assets			0				0				(18	)
Recognized net actuarial loss			2,943				2,339				2,345
Amortization of prior service cost			(1,513	)			(1,513	)			(1,717	)
Net periodic postretirement benefit cost		$	5,933			$	5,063			$	4,497

Significant Assumptions Used

Significant Assumptions Used		2013				2012				2011
Benefit obligation at the measurement date:
Discount rate			4.96	%			4.11	%			4.94	%
Net periodic postretirement benefit cost for the fiscal year:
Discount rate			4.11	%			4.94	%			5.25	%

A 1% Increase or Decrease in Annual Health Care Cost

A 1% increase or decrease in this annual health care cost trend would have impacted the postretirement benefit obligation and service cost and interest cost of the Company’s postretirement benefit plan as follows:

In Thousands		1% Increase				1% Decrease
Increase (decrease) in:
Postretirement benefit obligation at December 29, 2013		$	7,830			$	(7,168	)
Service cost and interest cost in 2013			578				(533	)

Accumulated Other Comprehensive Loss That Have Not Yet Been Recognized as Components of Net Periodic Benefit Cost

The amounts in accumulated other comprehensive loss that have not yet been recognized as components of net periodic benefit cost at December 30, 2012, the activity during 2013, and the balances at December 29, 2013 are as follows:

In Thousands		Dec. 30, 2012				Actuarial Gain (Loss)				Reclassification Adjustments				Dec. 29, 2013
Pension Plans:
Actuarial (loss)		$	(126,165	)		$	39,337			$	15,041			$	(71,787	)
Prior service (cost) credit			(56	)			(171	)			28				(199	)
Postretirement Medical:
Actuarial (loss)			(37,771	)			3,560				2,943				(31,268	)
Prior service (cost) credit			7,187				0				(1,513	)			5,674
		$	(156,805	)		$	42,726			$	16,499			$	(97,580	)

Amounts in Accumulated Other Comprehensive Loss Expected to be Recognized as Components of Net Periodic Pension Costs or Postretirement Benefits Costs in 2014

The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic cost during 2014 are as follows:

In Thousands		Pension Plans				Postretirement Medical				Total
Actuarial loss		$	1,685			$	2,250			$	3,935
Prior service cost (credit)			36				(1,510	)			(1,474	)
		$	1,721			$	740			$	2,461

Multi-Employer Plans

The Company’s participation in the plan is outlined in the table below. The most recent Pension Protection Act (“PPA”) zone status available in 2013 and 2012 is for the plan’s years ending at December 31, 2012 and 2011, respectively. The plan is in the green zone which represents at least 80% funded and does not require a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”).

		Pension Protection Act  Zone Status								FIP/RP Status Pending/ Implemented				Contribution (In Thousands)												Surcharge Imposed
Pension Fund		2013				2012								2013				2012				2011
Employer-Teamsters Local Nos. 175 & 505 Pension Trust Fund (EIN/Pension Plan No. 55-6021850)			Green				Green				No			$	640			$	606			$	555				No

Pension Plans [Member]

Anticipated Future Pension Benefit Payments

Cash Flows

In Thousands
Anticipated future pension benefit payments for the fiscal years:
2014		$	8,136
2015			8,628
2016			9,037
2017			9,553
2018			10,196
2019 — 2023			60,448

Postretirement Benefits [Member]

Anticipated Future Pension Benefit Payments

Cash Flows

In Thousands
Anticipated future postretirement benefit payments reflecting expected future service for the fiscal years:
2014		$	2,682
2015			2,934
2016			3,249
2017			3,622
2018			4,117
2019 — 2023			25,369

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