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Employee Benefits
 9 Months Ended
Sep. 29, 2012
Employee Benefits [Abstract]  
Employee Benefits
5.
Employee Benefits
 
Defined Benefit Pension Plans
 
Most of our hourly employees participate in noncontributory defined benefit pension plans. These include a plan that is administered solely by us (the “hourly pension plan”) and union-administered multiemployer plans. Our funding policy for the hourly pension plan is based on actuarial calculations and the applicable requirements of federal law. We believe that our portion of each multiemployer pension plan is immaterial to our financial statements and that we represent an immaterial portion of the total contributions and future obligations of these plans. The Company’s required cash contribution to the pension plan in fiscal 2012 is approximately $3.5 million. This contribution is comprised of approximately $1.1 million related to our 2011 minimum required contribution and approximately $2.4 million related to our 2012 minimum required contribution. The Company’s minimum required contribution for plan year 2012 is $3.8 million.  The 2012 minimum required cash contribution is required to be paid in fiscal 2012 and fiscal 2013.  The Company has funded the $1.1 million required contribution for fiscal 2011.  However, in an effort to preserve additional cash for operations, we have requested a waiver from the IRS for our 2012 minimum required contribution.  If we are granted the requested waiver, our contribution for 2012 will be deferred and amortized over the next five years, increasing our future minimum required contributions. Benefits under the majority of plans for hourly employees (including multiemployer plans) are primarily related to years of service.
 
 
Net periodic pension cost for our pension plans included the following (in thousands):
 
    Third Quarter  
 
 
  
Period from July 1,
2012 to September 29, 2012
    
Period from July 3,
2011 to October 1, 2011
  
       
Service cost
   $ 469     $ 523  
Interest cost on projected benefit obligation
     1,221       1,152  
Expected return on plan assets
     (1,224 )     (1,376 )
Amortization of unrecognized loss
     519       145  
Net periodic pension cost
   $ 985     $ 444  
 
 
 
    Nine Months Ended  
 
 
  
Period from January 1,
2012 to September 29, 2012
    
Period from January 2,
2011 to October 1, 2011
  
       
Service cost
   $ 1,407     $ 1,569  
Interest cost on projected benefit obligation
     3,663       3,456  
Expected return on plan assets
     (3,672 )     (4,128 )
Amortization of unrecognized loss
      1,557        435  
Net periodic pension cost
   $ 2,955     $ 1,332