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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 25, 2011
Multiemployer Plans [Line Items]  
Obligations and Funded Status
                                     
    Pension
Plans
         Post-retirement Benefit
Plans
 
    2011     2010         2011     2010  
    (In thousands)  

Change in Benefit Obligation

                                   

Beginning obligations

  $ (11,914   $ (10,771       $ (10,788   $ (8,925

Service cost

    (415     (396         (383     (312

Interest cost

    (712     (675         (643     (557

Amendments

    —         —             —         —    

Actuarial gain (loss)

    449       (464         1,521       (1,223

Benefits paid

    408       392           216       229  
   

 

 

   

 

 

       

 

 

   

 

 

 

Ending obligations

    (12,184     (11,914         (10,077     (10,788
   

 

 

   

 

 

       

 

 

   

 

 

 

Change in Plans’ Assets

                                   

Beginning fair value

    8,128       7,064           —         —    

Actual return on plans’ assets

    (79     786           —         —    

Employer contributions

    917       670           —         —    

Benefits paid

    (408     (392         —         —    
   

 

 

   

 

 

       

 

 

   

 

 

 

Ending fair value

    8,558       8,128           —         —    
   

 

 

   

 

 

       

 

 

   

 

 

 

Funded status at end of year

  $ (3,626   $ (3,786       $ (10,077   $ (10,788
   

 

 

   

 

 

       

 

 

   

 

 

 
Net Periodic Benefit Cost
                                     
    Pension
Plans
         Post-retirement Benefit
Plans
 
    2011     2010             2011             2010      
    (In thousands)  

Service cost

  $ 415     $ 396         $ 383     $ 312  

Interest cost

    712       675           643       558  

Expected return on plan assets

    (624     (526         —         —    

Amortization of prior service cost

    255       255           103       103  

Amortization of transition obligation

    102       102           —         —    

Amortization of (gain) loss

    —         (23         (28     (26
   

 

 

   

 

 

       

 

 

   

 

 

 

Net periodic benefit cost

  $ 860     $ 879         $ 1,101     $ 947  
   

 

 

   

 

 

       

 

 

   

 

 

 
Rate Assumptions
                                 
    Pension
Plans
    Post-retirement
Benefit Plans
 
    2011     2010     2011     2010  

Weighted-average discount rate used in determining net periodic cost

    6.1     6.4     6.1     6.4

Weighted-average expected long-term rate of return on plan assets in determination of net periodic costs

    7.5     7.5     0.0     0.0

Weighted-average rate of compensation increase(1)

    0.0     0.0     0.0     0.0

Weighted-average discount rate used in determination of projected benefit obligation

    5.3     6.1     5.3     6.1

Assumed health care cost trend:

                               

Initial trend

    N/A       N/A       9.0       9.0  

Ultimate trend rate

    N/A       N/A       5.0       5.0  

 

(1) The defined benefit plan benefit payments are not based on compensation, but rather on years of service.
Benefit payments reflecting expected future service
                 

Fiscal Year Ending

  Pension
Plans
    Post-retirement
Benefit Plans
 

2012

  $ 482     $ 329  

2013

    523       362  

2014

    554       354  

2015

    585       364  

2016

    602       380  

2017-2021

    3,790       2,228  
   

 

 

   

 

 

 
    $ 6,536     $ 4,017  
   

 

 

   

 

 

 
Company's pension plans investment policy and weighted average asset allocations
                 

Asset Category

  Pension Assets  at
December 25,
2011
    Pension Assets  at
December 26,
2010
 

Cash

    4     2

Equity

    62     58

Debt securities

    34     40
   

 

 

   

 

 

 
      100     100
   

 

 

   

 

 

 
Pension Fund [Member]
 
Multiemployer Plans [Line Items]  
Multi-employer health and benefit plans
                                                         

Pension Fund

  EIN/Pension Plan
Number
    Pension Protection
Act Zone Status
  FIP/RP
Status/
Pending/
Implemented
  5%
Contri-
butor
  Multi-employer
Contribution

(in thousands)
    Sur-
charge
Imposed
  Expiration Date
of Collective
Bargaining
Agreement
    2011   2010       2011     2010     2009      

ILA — PRSSA Pension Fund

    51-0151862 - 001     Green   Green   No   Yes   $ 2,391     $ 2,015     $ 1,724     No   September 30,
2012

MEBA Pension Trust

    51-6029896 - 001     Green   Green   No   No     —         —         —       No   June 15, 2022

Masters, Mates and Pilots Pension Plan

    13-6372630 - 001     Green   Red   No   Yes     4,457       5,023       4,710     No   June 15, 2017

Local 153 Pension Fund

    13-2864289 - 001     Red   Orange   Implemented   Yes     330       341       301     No   November 9, 2012

Alaska Teamster-Employer Pension Plan

    92-6003463 - 024     Red   Red   Implemented   Yes     3,210       2,529       2,449     Yes   June 30, 2011

All Alaska Longshore Pension Plan

    91-6085352 - 001     Green   Green   No   Yes     846       693       598     No   June 30, 2012

Seafarers Pension Fund (1)

    13-6100329 - 001     Green   Green   No   Yes     —         —         —       No   June 30, 2012

Western Conference of Teamsters Pension Plan

    91-6145047 - 001     Green   Green   No   No     4,717       4,514       3,463     No   March 31, 2013

Western Conference of Teamsters Supplemental Benefit Trust

    95-3746907 - 001     Green   Green   No   Yes     203       200       207     No   March 31, 2013

Western States Office and Professional Employees Pension Fund

    94-6076144 - 001     Red   Red   Implemented   No     81       82       77     No   November 9, 2012

Hawaii Stevedoring Multiemployer Pension Plan

    99-0314293 - 001     Yellow   Yellow   Implemented   Yes     2,631       2,940       2,523     No   June 30, 2014

Hawaii Terminals Multiemployer Pension Plan

    20-0389370 - 001     Yellow   Yellow   Implemented   No     277       288       252     No   June 30, 2014
                           

 

 

   

 

 

   

 

 

         
                            $ 19,143     $ 18,625     $ 16,304          

 

(1) The Company does not make contributions directly to the Seafarers Pension Plan. Instead, contributions are made to the Seafarers Health and Benefits Plan and subsequently re-allocated to the Seafarers Pension Fund at the discretion of the plan Trustee.
Health and Benefits Fund [Member]
 
Multiemployer Plans [Line Items]  
Multi-employer health and benefit plans
                                                         

Health and Benefits Fund

  EIN/Pension
Plan Number
    5%
Contributor
    Multi-employer Contribution
(in thousands)
    Surcharge
Imposed
    Expiration Date of
Collective Bargaining
Agreement
 
      2011     2010     2009      

ILA — PRSSA Welfare Fund

    66-0214500 - 501       Yes     $ 3,159     $ 3,571     $ 3,359       No       September 30, 2012  

MEBA Medical and Benefits Plan

    13-5590515 - 501       Yes       2,876       2,981       3,837       No       June 15, 2022  

MM&P Health and Benefit Plan

    13-6696938 - 501       Yes       2,780       2,753       3,356       No       June 15, 2017  

Alaska Teamster-Employer Welfare Trust

    91-6034674 - 501       Yes       3,064       2,605       2,453       No       June 30, 2011  

All Alaska Longshore Health and Welfare Trust Fund

    91-6070467 - 501       Yes       2,112       1,752       1,510       No       June 30, 2012  

Seafarers Health and Benefits Plan(1)

    13-5557534 - 501       Yes       6,263       6,254       7,176       No       June 30, 2012  

Western Teamsters Welfare Trust

    91-6033601 - 501       No       2,731       2,996       2,865       No       March 31, 2013  

Office and Professional Employees Welfare Fund

    23-7120690 - 501       No       139       132       112       No       November 9, 2012  

Stevedore Industry Committee Welfare Benefit Plan

    99-0313967 - 501       Yes       3,265       3,448       3,044       No       June 30, 2014  
                   

 

 

   

 

 

   

 

 

                 
                    $ 26,389     $ 26,492     $ 27,712                  

 

(1) Contributions made to the Seafarers Health and Benefits Plan are re-allocated to the Seafarers Pension Fund at the discretion of the plan Trustee.