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Employee Benefits (Tables)
 12 Months Ended
Dec. 29, 2012
Employee Benefits [Abstract]  
Schedule of changes in projected benefit obligations and change in plan assets
 
 
December 29,
2012
December 31,
2011
(In thousands)
Change in projected benefit obligation:
Projected benefit obligation at beginning of period
 $ 99,425 $ 87,510
Service cost
 1,878 2,091
Interest cost
 4,885 4,609
Actuarial loss
 12,183 9,029
Curtailment
 — —
Benefits paid
 (4,041 ) (3,814 )
Projected benefit obligation at end of period
 114,330 99,425
Change in plan assets:
Fair value of assets at beginning of period
 63,896 68,725
Actual return (loss) on plan assets
 6,758 (1,015 )
Employer contributions
 1,147 —
Benefits paid
 (4,041 ) (3,814 )
Fair value of assets at end of period
 67,760 63,896
Net (unfunded) status of plan
 $ (46,570 ) $ (35,529 )
Schedule of amounts recognized on consolidated balance sheets
 
December 29,
2012
December 31,
2011
(In thousands)
Unfunded status
$ (46,570 ) $ (35,529 )
Unrecognized prior service cost
 2 3
Unrecognized actuarial loss
 37,459 29,213
Net amount recognized
 $ (9,109 ) $ (6,313 )
Amounts recognized on the balance sheet consist of:
Accrued pension liability
 (46,570 ) (35,529 )
Accumulated other comprehensive loss (pre-tax)
 37,461 29,216
Net amount recognized
 $ (9,109 ) $ (6,313 )
Schedule of net periodic pension cost for our pension plans
 
Fiscal Year Ended
December 29,
2012
Fiscal Year Ended
December 31,
2011
Fiscal Year Ended
January 1,
2011
(In thousands)
Service cost
$ 1,878 $ 2,091 $ 1,992
Interest cost on projected benefit obligation
 4,885 4,609 4,744
Expected return on plan assets
 (4,897 ) (5,505 ) (4,926 )
Amortization of unrecognized loss
 2,077 579 494
Amortization of unrecognized prior service cost
 — — —
Net periodic pension cost
 $ 3,943 $ 1,774 $ 2,304
Schedule of assumptions used to determine the projected benefit obligation
 
December 29,
2012
December 31,
2011
Projected benefit obligation:
Discount rate
 4.24 % 5.02 %
Average rate of increase in future compensation levels
 3.00 % 3.00 %
Net periodic pension cost
Discount rate
 5.02 % 5.39 %
Average rate of increase in future compensation levels
 3.00 % 4.00 %
Expected long-term rate of return on plan assets
 7.85 % 8.25 %
Schedule of percentage of fair value of total assets by asset category
Asset Category
 
 
December 29,
2012
December 31,
2011
Equity securities — domestic
56 % 47 %
Equity securities — international
 9 % 5 %
Fixed income
 31 % 45 %
Other
 4 % 3 %
Total
 100 % 100 %
Schedule of fair value of plan assets
The fair value of our plan assets by asset category as of December 29, 2012 was as follows (in thousands):
 
Asset Category
 
Level 1
Equity securities — domestic
$ 37,623
Equity securities — international
 6,304
Fixed income
 20,848
Other
 2,985
Total
 $ 67,760
 
The fair value of our plan assets by asset category as of December 31, 2011 was as follows (in thousands):
 
Asset Category
 
Level 1
Equity securities — domestic
$ 30,179
Equity securities — international
 2,843
Fixed income
 28,975
Other
 1,899
Total
 $ 63,896
 
Schedule of estimated future benefit payments
 
 
Fiscal Year Ending
 
(In thousands)
January 4, 2014
 $ 4,642
January 3, 2015
 4,832
January 2, 2016
 5,010
December 31, 2016
 5,319
December 30, 2017
 5,670
Thereafter
 32,774