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Pension, Profit Sharing & Other Post-Retirement Benefits
 6 Months Ended
Jun. 27, 2015
Compensation and Retirement Disclosure [Abstract]  
Pension, Profit Sharing & Other Post-Retirement Benefits
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 $2.8 million and $2.7 million for the second quarter of 2015 and 2014, respectively, and aggregated approximately $5.9 million and $5.5 million for the first half of 2015 and 2014, 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 June 27, 2015, the Company estimated that approximately $6.0 million would be contributed to the Company's defined benefit pension plans in 2015, of which approximately $3.4 million was contributed through the first half of 2015. At December 31, 2014, the Company estimated that approximately $7.9 million would be contributed to the Company's defined benefit pension plans in 2015. This change in estimated contributions was the result of a change in actuarial assumptions surrounding the minimum contribution calculation.

The Company’s net periodic benefit cost for its defined benefit plans for the second quarter and first half of 2015 and 2014 consists of the following components:

 
 
Second Quarter of
 
First Half of
 
 
2015
 
2014
 
2015
 
2014
 
 
(Dollar amounts in millions)
Service cost
 
$
0.3

 
$
0.1

 
$
0.5

 
$
0.3

Interest cost
 
1.6

 
1.9

 
3.2

 
3.8

Expected return on plan assets
 
(1.8
)
 
(1.9
)
 
(3.6
)
 
(3.8
)
Net amortization of actuarial loss
 
0.3

 
—

 
0.7

 
—

Net periodic benefit cost
 
$
0.4

 
$
0.1

 
$
0.8

 
$
0.3



There were no periodic benefit costs for the Company's post-retirement health benefit plan for the second quarter or first half of 2015 or 2014.