POST-RETIREMENT PLANS (Tables)

6 Months Ended

Jul. 16, 2016

Summary of Company's Balance Sheet Related Pension and Other Postretirement Benefit Plan

The following summarizes the company’s balance sheet related pension and other post-retirement benefit plan accounts at July 16, 2016 as compared to accounts at January 2, 2016 (amounts in thousands):

	July 16, 2016		January 2, 2016
Current benefit liability	$	1,118	$	1,118
Noncurrent benefit liability	$	129,061	$	76,541
Accumulated other comprehensive loss, net of tax	$	118,447	$	86,610

Pension plans

Components of Net Periodic Benefit / (Income) Cost

The net periodic pension cost (income) for the company’s plans include the following components (amounts in thousands):

	For the Twelve Weeks Ended						For the Twenty-Eight Weeks Ended
	July 16, 2016			July 18, 2015			July 16, 2016			July 18, 2015
Service cost	$	192		$	201		$	447		$	470
Interest cost		2,884			4,155			7,417			9,694
Expected return on plan assets		(5,457	)		(6,840	)		(14,069	)		(15,961	)
Settlement loss		4,641			—			4,641			—
Amortization of prior service cost		76			—			195			—
Amortization of net loss		1,155			1,149			2,953			2,681
Total net periodic benefit (income) cost	$	3,491		$	(1,335	)	$	1,584		$	(3,116	)

Post-retirement Benefit Plan

Components of Net Periodic Benefit / (Income) Cost

The net periodic post-retirement benefit (income) cost for the company includes the following components (amounts in thousands):  

	For the Twelve Weeks Ended						For the Twenty-Eight Weeks Ended
	July 16, 2016			July 18, 2015			July 16, 2016			July 18, 2015
Service cost	$	93		$	93		$	216		$	215
Interest cost		71			82			166			194
Amortization of prior service credit		(49	)		(108	)		(114	)		(252	)
Amortization of net gain		(105	)		(135	)		(245	)		(315	)
Total net periodic benefit (income) cost	$	10		$	(68	)	$	23		$	(158	)