Defined Benefit Plans

9 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

The components of net periodic benefit cost were as follows:



	Quarter Ended						Three Quarters Ended
	September 30, 2015			September 24, 2014			September 30, 2015			September 24, 2014
	(In thousands)
Pension Plan:
Service cost	$	95		$	95		$	285		$	285
Interest cost	745			775			2,237			2,325
Expected return on plan assets	(877		)	(988		)	(2,631		)	(2,965		)
Amortization of net loss	434			231			1,300			693
Net periodic benefit cost	$	397		$	113		$	1,191		$	338

Other Defined Benefit Plans:
Interest cost	$	26		$	31		$	80		$	93
Amortization of net loss	20			15			59			46
Settlement loss recognized	—			33			—			58
Net periodic benefit cost	$	46		$	79		$	139		$	197

During 2014, our Board of Directors approved the termination of the Advantica Pension Plan as of December 31, 2014. We currently expect that the termination of the plan will be completed during the first half of 2016. Settlement gain or loss, if any, resulting from the termination will be recognized at that time. We will be required to make contributions to the qualified pension plan as a result of the termination, dependent upon market conditions and participant elections. We currently expect that these contributions will be between $6 million and $9 million.

We made no contributions to our qualified pension plan during the three quarters ended September 30, 2015. We made contributions of $2.5 million to our qualified pension plan during the three quarters ended September 24, 2014. We made contributions of $0.1 million and $0.4 million to our other defined benefit plans during the three quarters ended September 30, 2015 and September 24, 2014, respectively. We expect to contribute less than $0.1 million to our other defined benefit plans over the remainder of fiscal 2015.

Additional minimum pension liability of $24.2 million and $25.0 million is reported as a component of accumulated other comprehensive loss in our Condensed Consolidated Statement of Shareholders’ Equity as of September 30, 2015 and December 31, 2014, respectively.