Pension, Profit Sharing & Other Post-Retirement Benefits

The Company and its subsidiaries have various pension plans, supplemental retirement plans for certain officers, profit sharing, and other post-retirement benefit plans requiring contributions to qualified trusts and union administered funds.

Pension, profit sharing and other post-retirement health benefit expense charged to operations aggregated approximately $1.9 million and $2.4 million for the third quarter of 2013 and 2012, respectively, and aggregated approximately $6.2 million and $6.5 million for the nine months of 2013 and 2012, respectively.

The Company's policy is to generally fund currently at least the minimum required annual contribution of its various qualified defined benefit plans. At September 28, 2013, the Company estimated that approximately $3.2 million would be contributed to the Company's defined benefit pension plans in 2013, of which approximately $2.9 million was contributed through the nine months of 2013.

The Company’s unaudited net periodic benefit cost for its defined benefit plans for the third quarter and nine months of 2013 and 2012 consists of the following components:



	Third quarter of						Nine months of
	2013			2012			2013			2012
	(Dollar amounts in millions)
Service cost	$	0.2		$	0.1		$	0.4		$	0.3
Interest cost	1.8			1.9			5.2			5.6
Expected return on plan assets	(1.9		)	(1.8		)	(5.3		)	(5.3		)
Net amortization of actuarial loss	0.2			0.2			0.7			0.6
Net periodic benefit cost	$	0.3		$	0.4		$	1.0		$	1.2

There were no periodic benefit costs for the Company's post-retirement health benefit plan for either the third quarter or nine months of 2013 or 2012.