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Pension and Postretirement Benefit Plans (Tables)
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12 Months Ended |
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Dec. 28, 2013
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| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
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| Schedule of Allocation of Plan Assets |
The plans’ weighted-average asset allocations by asset category are as follows: | | | | | | | | December 28, 2013 | | December 29, 2012 | Cash | 12 | % | | 1 | % | Equity Securities | 30 | % | | 31 | % | Fixed Income Securities | 58 | % | | 68 | % | Total | 100 | % | | 100 | % |
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| Schedule of Expected Benefit Payments |
The expected level of payments to, or on the behalf of, participants is as follows: | | | | | | | | | In thousands | Pension | | Postretirement | 2014 | $ | 5,770 |
| | $ | 606 |
| 2015 | 5,830 |
| | 547 |
| 2016 | 6,133 |
| | 548 |
| 2017 | 6,867 |
| | 534 |
| 2018 | 7,186 |
| | 544 |
| 2019 to 2023 | 46,224 |
| | 2,581 |
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Pension Plans
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| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
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| Schedule of Net Funded Status |
The following table details information regarding the Company's pension plans: | | | | | | | | | | | | | | | | | In thousands | U.S. Pension Plans | | Non-U.S. Pension Plans | Fiscal Year Ended
December 28,
2013 | | Fiscal Year
Ended
December 29,
2012 | | Fiscal Year Ended
December 28,
2013 | | Fiscal Year
Ended
December 29,
2012 | Pension Plans | | | | | | | | Change in Projected Benefit Obligation: | | | | | | | | Benefit obligation at beginning of year | $ | (16,309 | ) | | $ | (15,219 | ) | | $ | (131,580 | ) | | $ | (105,637 | ) | Service costs | (4 | ) | | — |
| | (3,398 | ) | | (2,002 | ) | Interest costs | (1,067 | ) | | (620 | ) | | (4,980 | ) | | (5,032 | ) | Participant contributions | — |
| | — |
| | (170 | ) | | (173 | ) | Acquisition | (84,932 | ) | | — |
| | (1,602 | ) | | — |
| Plan amendments | — |
| | — |
| | 622 |
| | — |
| Actuarial gain / (loss) | 2,670 |
| | (1,451 | ) | | 2,273 |
| | (25,848 | ) | Settlements / curtailments | — |
| | — |
| | — |
| | 5,520 |
| Benefit payments | 1,322 |
| | 981 |
| | 4,917 |
| | 4,556 |
| Currency translation | — |
| | — |
| | (4,386 | ) | | (2,964 | ) | Benefit obligation at end of year | $ | (98,320 | ) | | $ | (16,309 | ) | | $ | (138,304 | ) | | $ | (131,580 | ) | Change in Plan Assets: | | | | | | | | Fair value at beginning of year | $ | 12,172 |
| | $ | 11,341 |
| | $ | 139,064 |
| | $ | 129,365 |
| Actual return on plan assets | 2,270 |
| | 1,091 |
| | (877 | ) | | 12,611 |
| Employer and participant contributions | 721 |
| | 721 |
| | 4,788 |
| | 3,493 |
| Acquisition | 84,981 |
| | — |
| | 1,203 |
| | — |
| Settlements / curtailments | — |
| | — |
| | (263 | ) | | (4,542 | ) | Benefit payments | (1,322 | ) | | (981 | ) | | (4,618 | ) | | (4,556 | ) | Currency translation | — |
| | — |
| | 5,034 |
| | 2,693 |
| Fair value at end of year | $ | 98,822 |
| | $ | 12,172 |
| | $ | 144,331 |
| | $ | 139,064 |
| Funded (unfunded) status | $ | 502 |
| | $ | (4,137 | ) | | $ | 6,027 |
| | $ | 7,484 |
| Amounts included in the balance sheet: | | | | | | | | Current assets | $ | — |
| | $ | — |
| | $ | — |
| | $ | 263 |
| Other noncurrent assets | — |
| | — |
| | 12,133 |
| | 15,087 |
| Accounts payable and accrued liabilities | — |
| | — |
| | (346 | ) | | (334 | ) | Other noncurrent liabilities | 502 |
| | (4,137 | ) | | (5,760 | ) | | (7,532 | ) | Net amount recognized | $ | 502 |
| | $ | (4,137 | ) | | $ | 6,027 |
| | $ | 7,484 |
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| Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year |
The following table summarizes the pretax amounts recorded in Accumulated other comprehensive income (loss) for the Company’s pension plans as of December 28, 2013 and December 29, 2012: | | | | | | | | | | | | | | | | | In thousands | U.S. Pension Plans | | Non-U.S. Pension Plans | December 28, 2013 | | December 29, 2012 | | December 28, 2013 | | December 29, 2012 | Transition net asset | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Net actuarial (gain) loss | 1,174 |
| | 4,688 |
| | 12,583 |
| | 7,737 |
| Prior service cost | — |
| | — |
| | — |
| | — |
| Net amounts recognized | $ | 1,174 |
| | $ | 4,688 |
| | $ | 12,583 |
| | $ | 7,737 |
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| Components of net periodic benefit costs |
The components of the Company's pension related costs for the following periods are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. Pension Plans | | Non-U.S. Pension Plans | | Successor | | | Predecessor | | Successor | | | Predecessor | In thousands, except percentage data | Fiscal Year Ended
December 28,
2013 | | Fiscal Year
Ended
December 29,
2012 | | Eleven Months
Ended
December 31,
2011 | | | One Month
Ended
January 28,
2011 | | Fiscal Year Ended
December 28,
2013 | | Fiscal Year
Ended
December 29,
2012 | | Eleven Months
Ended
December 31,
2011 | | | One Month
Ended
January 28,
2011 | Pension Benefit Plans | | | | | | | | | | | | | | | | | | Components of net periodic benefit cost: | | | | | | | | | | | | | | | | | | Service cost | $ | 4 |
| | $ | — |
| | $ | — |
| | | $ | — |
| | $ | 3,398 |
| | $ | 2,002 |
| | $ | 1,917 |
| | | $ | 162 |
| Interest cost | 1,067 |
| | 620 |
| | 646 |
| | | 58 |
| | 4,980 |
| | 5,032 |
| | 5,262 |
| | | 458 |
| Return on plan assets | (2,270 | ) | | (1,091 | ) | | 392 |
| | | (29 | ) | | 877 |
| | (12,611 | ) | | (21,492 | ) | | | 3,785 |
| Curtailment / settlement (gain) loss | — |
| | — |
| | — |
| | | — |
| | — |
| | 792 |
| | — |
| | | — |
| Net amortization of: | | | | | | | | | | | | | | | | | | Transition costs and other | 844 |
| | 373 |
| | (1,260 | ) | | | (36 | ) | | (7,356 | ) | | 6,911 |
| | 16,043 |
| | | (4,293 | ) | Net periodic benefit cost | $ | (355 | ) | | $ | (98 | ) | | $ | (222 | ) | | | $ | (7 | ) | | $ | 1,899 |
| | $ | 2,126 |
| | $ | 1,730 |
| | | $ | 112 |
| Weighted average assumptions used: | | | | | | | | | | | | | | | | | | Return on plan assets | 5.9 - 7.0% |
| | 8.0 | % | | 8.0 | % | | | 8.0 | % | | 3.0 - 5.5% |
| | 1.5 - 6.0% |
| | 2.4 - 6.0% |
| | | 2.5 - 6.0% |
| Discount rate | 4.6 | % | | 3.8 | % | | 5.6 | % | | | 5.4 | % | | 3.4 - 8.0% |
| | 3.7 - 7.0% |
| | 4.0 - 7.3% |
| | | 4.8 - 8.5% |
| Salary and wage escalation rate | N/A |
| | N/A |
| | N/A |
| | | N/A |
| | 2.8 - 4.5% |
| | 2.0 - 4.5% |
| | 2.0 - 4.5% |
| | | 2.0 - 4.5% |
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| Schedule of Allocation of Plan Assets |
The fair value of the Company's pension plan assets at December 28, 2013 by asset category is as follows: | | | | | | | | | | | | | | | | | In thousands | Total | | Level 1 | | Level 2 | | Level 3 | Cash | $ | 28,671 |
| | $ | 28,671 |
| | $ | — |
| | $ | — |
| Equity securities: | | | | | | | | U.S. equities (a) | 16,566 |
| | 11,023 |
| | 5,543 |
| | — |
| Foreign equities (b) | 16,233 |
| | 4,993 |
| | 11,240 |
| | — |
| Global equity funds (c) | 37,697 |
| | 5,079 |
| | 32,618 |
| | — |
| Emerging markets (d) | 2,423 |
| | 1,083 |
| | 1,340 |
| | — |
| Total equity securities | 72,919 |
| | 22,178 |
| | 50,741 |
| | — |
| Fixed income securities: | | | | | | | | U.S. fixed income funds (e) | 43,069 |
| | 11,030 |
| | 27,332 |
| | 4,707 |
| Foreign fixed income funds (f) | 97,264 |
| | — |
| | 97,264 |
| | — |
| Total fixed income securities | 140,333 |
| | 11,030 |
| | 124,596 |
| | 4,707 |
| Insurance funds | 1,230 |
| | — |
| | — |
| | 1,230 |
| Total | $ | 243,153 |
| | $ | 61,879 |
| | $ | 175,337 |
| | $ | 5,937 |
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| | (a) | This category consists of commingled and registered mutual funds that focus on equity securities of U.S companies. It includes both indexed and actively managed funds. |
| | (b) | This category consists of commingled and registered mutual funds that focus on equity securities of companies outside of the U.S. It includes both indexed and actively managed funds. |
| | (c) | This category consists of commingled and registered mutual funds that invest in equity securities of both U.S. and foreign companies. It includes actively managed funds |
| | (d) | This category consists of commingled and registered mutual funds that invest in equity securities of companies in emerging market economies. It includes actively managed funds. |
| | (e) | This category consists of actively managed funds that invest in investment-grade bonds of U.S. issuers from diverse industries and U.S. government bonds and treasury notes. |
| | (f) | This category consists of funds that invest in investment-grade bonds of foreign companies and Euro region government bonds. |
The fair value of the Company's pension plan assets at December 29, 2012 by asset category is as follows: | | | | | | | | | | | | | | | | | In thousands | Total | | Level 1 | | Level 2 | | Level 3 | Cash | $ | 1,942 |
| | $ | 1,942 |
| | $ | — |
| | $ | — |
| Equity securities: | | | | | | | | U.S. equities (a) | 7,877 |
| | 6,190 |
| | 1,687 |
| | — |
| Foreign equities (b) | 10,509 |
| | 522 |
| | 9,987 |
| | — |
| Global equity funds (c) | 25,483 |
| | — |
| | 25,483 |
| | — |
| Emerging markets (d) | 2,424 |
| | 1,094 |
| | 1,330 |
| | — |
| Total equity securities | 46,293 |
| | 7,806 |
| | 38,487 |
| | — |
| Fixed income securities: | | | | | | | | U.S. fixed income funds (e) | 4,121 |
| | 4,121 |
| | — |
| | — |
| Foreign fixed income funds (f) | 98,880 |
| | — |
| | 98,880 |
| | — |
| Total fixed income securities | 103,001 |
| | 4,121 |
| | 98,880 |
| | — |
| Total | $ | 151,236 |
| | $ | 13,869 |
| | $ | 137,367 |
| | $ | — |
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| | (a) | This category consists of commingled and registered mutual funds that focus on equity securities of U.S companies. It includes both indexed and actively managed funds. |
| | (b) | This category consists of commingled and registered mutual funds that focus on equity securities of companies outside of the U.S. It includes both indexed and actively managed funds. |
| | (c) | This category consists of commingled and registered mutual funds that invest in equity securities of both U.S. and foreign companies. It includes actively managed funds |
| | (d) | This category consists of commingled and registered mutual funds that invest in equity securities of companies in emerging market economies. It includes actively managed funds. |
| | (e) | This category consists of actively managed funds that invest in investment-grade bonds of U.S. issuers from diverse industries and U.S. government bonds and treasury notes. |
| | (f) | This category consists of funds that invest in investment-grade bonds of foreign companies and Euro region government bonds. |
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Postretirement Benefit Plans
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| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
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| Schedule of Net Funded Status |
The following table details information regarding the Company's postretirement plans: | | | | | | | | | | | | | | | | | In thousands | U.S. Postretirement Plans | | Non-U.S. Postretirement Plans | Fiscal Year Ended
December 28,
2013 | | Fiscal Year
Ended
December 29,
2012 | | Fiscal Year Ended
December 28,
2013 | | Fiscal Year
Ended
December 29,
2012 | Postretirement Benefit Plans | | | | | | | | Change in Projected Benefit Obligation: | | | | | | | | Benefit obligation at beginning of year | $ | — |
| | $ | — |
| | $ | (4,864 | ) | | $ | (4,908 | ) | Additional benefit obligations | — |
| | — |
| | — |
| | — |
| Service costs | — |
| | — |
| | (59 | ) | | (69 | ) | Interest costs | (11 | ) | | — |
| | (187 | ) | | (218 | ) | Acquisition | (2,030 | ) | | — |
| | (1,419 | ) | | — |
| Actuarial gain / (loss) | 7 |
| | — |
| | 305 |
| | (394 | ) | Settlements / curtailments | — |
| | — |
| | 182 |
| | 364 |
| Benefit payments | — |
| | — |
| | 381 |
| | 407 |
| Currency translation | — |
| | — |
| | 150 |
| | (46 | ) | Benefit obligation at end of year | $ | (2,034 | ) | | $ | — |
| | $ | (5,511 | ) | | $ | (4,864 | ) | Change in Plan Assets: | | | | | | | | Fair value at beginning of year | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Actual return on plan assets | — |
| | — |
| | — |
| | — |
| Employer and participant contributions | — |
| | — |
| | 381 |
| | 407 |
| Benefit payments | — |
| | — |
| | (381 | ) | | (407 | ) | Currency translation | — |
| | — |
| | — |
| | — |
| Fair value at end of year | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Funded status | $ | (2,034 | ) | | $ | — |
| | $ | (5,511 | ) | | $ | (4,864 | ) | Amounts included in the balance sheet: | | | | | | | | Other noncurrent assets | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Accounts payable and accrued liabilities | (119 | ) | | — |
| | (492 | ) | | (449 | ) | Other noncurrent liabilities | (1,915 | ) | | — |
| | (5,019 | ) | | (4,415 | ) | Net amount recognized | $ | (2,034 | ) | | $ | — |
| | $ | (5,511 | ) | | $ | (4,864 | ) |
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| Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year |
The following table summarizes the pretax amounts recorded in Accumulated other comprehensive income (loss) for the Company’s postretirement benefit plans as of December 28, 2013 and December 29, 2012: | | | | | | | | | | | | | | | | | In thousands | U.S. Postretirement Plans | | Non-U.S. Postretirement Plans | December 28, 2013 | | December 29, 2012 | | December 28, 2013 | | December 29, 2012 | Transition net asset | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Net actuarial (gain) loss | (7 | ) | | — |
| | (12 | ) | | 443 |
| Prior service cost | — |
| | — |
| | — |
| | — |
| Net amounts recognized | $ | (7 | ) | | $ | — |
| | $ | (12 | ) | | $ | 443 |
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| Components of net periodic benefit costs |
The components of the Company's postretirement related costs for the following periods are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. Postretirement Plans | | Non-U.S. Postretirement Plans | | Successor | | | Predecessor | | Successor | | | Predecessor | In thousands, except percentage data | Fiscal Year Ended
December 28,
2013 | | Fiscal Year
Ended
December 29,
2012 | | Eleven Months
Ended
December 31,
2011 | | | One Month
Ended
January 28,
2011 | | Fiscal Year Ended
December 28,
2013 | | Fiscal Year
Ended
December 29,
2012 | | Eleven Months
Ended
December 31,
2011 | | | One Month
Ended
January 28,
2011 | Postretirement Benefit Plans | | | | | | | | | | | | | | | | | | Components of net periodic benefit cost: | | | | | | | | | | | | | | | | | | Service cost | $ | — |
| | $ | — |
| | $ | — |
| | | $ | — |
| | $ | 59 |
| | $ | 69 |
| | $ | 75 |
| | | $ | 7 |
| Interest cost | 11 |
| | — |
| | — |
| | | — |
| | 187 |
| | 218 |
| | 279 |
| | | 24 |
| Curtailment / settlement (gain) loss | — |
| | — |
| | — |
| | | — |
| | 114 |
| | 186 |
| | (556 | ) | | | — |
| Net amortization of: | | | | | | | | | | | | | | | | | | Transition costs and other | — |
| | — |
| | — |
| | | — |
| | 35 |
| | 26 |
| | — |
| | | (26 | ) | Net periodic benefit cost | $ | 11 |
| | $ | — |
| | $ | — |
| | | $ | — |
| | $ | 395 |
| | $ | 499 |
| | $ | (202 | ) | | | $ | 5 |
| Weighted average assumptions used: | | | | | | | | | | | | | | | | | | Discount rate | 4.6 | % | | N/A |
| | N/A |
| | | N/A |
| | 4.1 - 4.8% |
| | 3.5 - 7.0% |
| | 5.3 - 8.0% |
| | | 5.0 - 8.5% |
| Salary and wage escalation rate | N/A |
| | N/A |
| | N/A |
| | | N/A |
| | 3.0 | % | | 3.0 - 4.5% |
| | 3.0 - 4.5% |
| | | 3.0 - 4.5% |
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Canadian Benefit Plans
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| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
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| Schedule of Health Care Cost Trend Rates |
The health care cost trend rate assumptions for the Company provided health care benefits for retirees in Canada are reflected in the following table. The Company does not provide post-employment health care benefits for retirees in other countries. | | | | | | | | December 28, 2013 | | December 29, 2012 | Weighted average health care cost trend rate assumed for next year | 6.44 | % | | 6.42 | % | Rate to which the cost trend is expected to decline (the ultimate trend rate) | 4.50 | % | | 4.50 | % | Year that the rate reached the ultimate trend rate | 2028 |
| | 2028 |
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