Post-retirement Benefits Other Than Pension

6 Months Ended

Jun. 28, 2015

Post-retirement benefits other than pension

Defined Benefit Plan Disclosure [Line Items]

Post-retirement benefits other than pension

We provide health care and life insurance benefits to certain retired employees who meet age and service requirements. Most of our retirees contribute to the cost of these benefits, and retiree contributions are increased as actual benefit costs increase. The cost of providing retiree health care and life insurance benefits is actuarially determined. Our policy is to fund benefits as claims and premiums are paid. In March 2014, we adopted changes to the retiree medical plan that were effective July 1, 2014. Beginning on that date, we pay a stipend to certain Medicare-eligible retirees. As a result of this change, we remeasured the related post-retirement benefit obligation during the first quarter of 2014, and recorded a reduction to the liability of $33.9 million (with a corresponding adjustment to “Accumulated other comprehensive loss”). Post-retirement benefit costs for health care and life insurance are presented in the following table:



In thousands	Thirteen Weeks Ended						Twenty-six Weeks Ended
	Jun. 28, 2015			Jun. 29, 2014			Jun. 28, 2015			Jun. 29, 2014

Service cost-benefits earned during the period	$	106		$	68		$	212		$	186
Interest cost on net benefit obligation	993			1,030			1,986			2,515
Amortization of prior service credit	(2,500		)	(3,116		)	(5,000		)	(5,483		)
Amortization of actuarial loss	400			124			800			332
Net periodic post-retirement benefit credit	$	(1,001	)	$	(1,894	)	$	(2,002	)	$	(2,450	)