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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2013
EMPLOYEE BENEFIT PLANS  
Net periodic benefit cost recognized for the plans

 


 Pension Benefits Other Benefits
(In thousands)
12 Months
Ended
December 31,
2013		 From
Inception
August 31,
2012 through
December 31,
2012
March 30,
2012 through
August 30,
2012		 52 Weeks
Ended
March 29,
2012		 12 Months
Ended
December 31,
2013		 From
Inception
August 31,
2012 through
December 31,
2012
March 30,
2012 through
August 30,
2012		 52 Weeks
Ended
March 29,
2012

(Successor)
 (Successor))
(Predecessor)
 (Predecessor)
 (Successor)
 (Successor)
(Predecessor)
 (Predecessor)











Components of net periodic benefit cost:

Service cost

 $ 180 $ 59 $ 76 $ 180 $ 195 $ 61 $ 74 $ 149

Interest cost

 4,513 1,484 1,962 4,640 870 306 435 1,122

Expected return on plan assets

 (4,707 ) (1,442 ) (1,811 ) (4,465 ) — — — —

Amortization of net (gain) loss

 — — 899 5 (78 ) — 88 —

Amortization of prior service credit

 — — — — — — (448 ) (984 )

Settlement

 — (15 ) — — — — — —
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net periodic benefit cost

 $ (14 ) $ 86 $ 1,126 $ 360 $ 987 $ 367 $ 149 $ 287
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of changes in other comprehensive income:

 


 Pension Benefits Other Benefits
(In thousands)
12 Months
Ended
December 31,
2013		 From
Inception
August 31,
2012 through
December 31,
2012
March 30,
2012 through
August 30,
2012		 12 Months
Ended
December 31,
2013		 From
Inception
August 31,
2012 through
December 31,
2012
March 30,
2012 through
August 30,
2012

(Successor)
 (Successor)
(Predecessor)
 (Successor)
 (Successor)
(Predecessor)









Net (gain) loss

 $ (12,537 ) $ (4,118 ) $ — $ (1,271 ) $ (3,161 ) $ —

Net prior service credit

 — — — (15,197 ) — (771 )

Merger push-down accounting adjustment

 — — (20,741 ) — — 3,804

Amortization of net gain (loss)

 — — (899 ) 78 — (88 )

Amortization of prior service credit

 — — — — — 448

Allocated tax expense

 8,442 — — 6,782 — —

Settlement

 — 15 — — — —
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total recognized in other comprehensive income

 $ (4,095 ) $ (4,103 ) $ (21,640 ) $ (9,608 ) $ (3,161 ) $ 3,393

Net periodic benefit cost

 (14 ) 86 1,126 987 367 149
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total recognized in net periodic benefit cost and other comprehensive income

 $ (4,109 ) $ (4,017 ) $ (20,514 ) $ (8,621 ) $ (2,794 ) $ 3,542
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of plan's change in benefit obligations and plan assets and the accrued liability for benefit costs included in the Consolidated Balance Sheets

 


 Pension Benefits Other Benefits
(In thousands)
12 Months
Ended
December 31,
2013		 From
Inception
August 31,
2012 through
December 31,
2012
March 30,
2012 through
August 30,
2012		 12 Months
Ended
December 31,
2013		 From
Inception
August 31,
2012 through
December 31,
2012
March 30,
2012 through
August 30,
2012

(Successor)
 (Successor)
(Predecessor)
 (Successor)
 (Successor)
(Predecessor)

Change in benefit obligation:

Benefit obligation at beginning of period

 $ 109,718 $ 112,822 $ 96,672 $ 22,765 $ 25,816 $ 24,538

Service cost

 180 59 76 195 61 74

Interest cost

 4,513 1,484 1,962 870 306 435

Plan participant's contributions

 — — — 562 196 227

Actuarial (gain) loss

 (10,022 ) (3,465 ) 15,161 (1,271 ) (3,161 ) 1,828

Plan amendment

 — — — (15,197 ) — (771 )

Benefits paid

 (5,408 ) (862 ) (1,007 ) (2,206 ) (453 ) (515 )

Administrative expenses

 (98 )

Settlement

 — (320 ) (42 ) — — —
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Benefit obligation at end of period

 $ 98,883 $ 109,718 $ 112,822 $ 5,718 $ 22,765 $ 25,816
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 
   Pension Benefits   Other Benefits  
(In thousands)
  12 Months
Ended
December 31,
2013		   From
Inception
August 31,
2012
through
December 31,
2012		    
   March 30,
2012
through
August 30,
2012		   12 Months
Ended
December 31,
2013		   From
Inception
August 31,
2012
through
December 31,
2012		    
   March 30,
2012
through
August 30,
2012		  
 
   (Successor)
   (Successor)
    
   (Predecessor)
   (Successor)
   (Successor)
    
   (Predecessor)
  

Change in plan assets:

                                              

Fair value of plan assets at beginning of period

   $ 68,219   $ 66,059       $ 64,236   $ —   $ —       $ —  

Actual return on plan assets gain

     7,223     2,095         977     —     —         —  

Employer contribution

     3,722     1,247         1,895     1,644     257         288  

Plan participants' contributions

     —     —         —     562     196         227  

Benefits paid

     (5,408 )   (862 )       (1,007 )   (2,206 )   (453 )       (515 )

Administrative expense

     (98 )   —         —     —     —         —  

Settlement

     —     (320 )       (42 )   —     —         —  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fair value of plan assets at end of period

   $ 73,658   $ 68,219       $ 66,059   $ —   $ —       $ —  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Net liability for benefit cost:

                                              

Funded status

   $ (25,225 ) $ (41,499 )     $ (46,763 ) $ (5,718 ) $ (22,765 )     $ (25,816 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   


 

 
   Pension Benefits   Other Benefits  
(In thousands)
  December 31,
2013		   December 31,
2012		    
   August 30,
2012		   December 31,
2013		   December 31,
2012		    
   August 30,
2012		  
 
   (Successor)
   (Successor)
    
   (Predecessor)
   (Successor)
   (Successor)
    
   (Predecessor)
  

Amounts recognized in the Balance Sheet:

                                              

Accrued expenses and other liabilities

   $ (154 ) $ (154 )     $ (40 ) $ (612 ) $ (885 )     $ (1,016 )

Other long-term liabilities

     (25,071 )   (41,345 )       (46,723 )   (5,106 )   (21,880 )       (24,800 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net liability recognized

   $ (25,225 ) $ (41,499 )     $ (46,763 ) $ (5,718 ) $ (22,765 )     $ (25,816 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Aggregate accumulated benefit obligation

   $ (98,883 ) $ (109,718 )     $ (112,822 ) $ (5,718 ) $ (22,765 )     $ (25,816 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   
Summary of pension plans with accumulated benefit obligations and projected benefit obligations in excess of plan assets

 


 Pension Benefits
(In thousands)
December 31, 2013 December 31, 2012

(Successor)
 (Successor)

Aggregated accumulated benefit obligation

 $ (98,883 ) $ (109,718 )

Aggregated projected benefit obligation

 (98,883 ) (109,718 )

Aggregated fair value of plan assets

 73,658 68,219
Schedule of components of amounts recognized in accumulated other comprehensive income

 


 Pension Benefits Other Benefits
(In thousands)
December 31,
2013		 December 31,
2012
August 30,
2012		 December 31,
2013		 December 31,
2012
August 30,
2012

(Successor)
 (Successor)
(Predecessor)
 (Successor)
 (Successor)
(Predecessor)

Net actuarial (gain) loss

 $ (12,537 ) $ (4,118 ) $ — $ (1,271 ) $ (3,161 ) $ —

Prior service credit

 — — — (15,197 ) — —
Schedule of amounts in accumulated other comprehensive income expected to be recognized in components of net periodic pension cost

 

(In thousands)
Pension Benefits Other Benefits

Net actuarial gain

 $ (1,031 ) $ (348 )

Net prior service credit

 — (1,665 )
Schedule of weighted-average assumptions used to determine benefit obligations

 


 Pension Benefits Other Benefits
(In thousands)
December 31,
2013		 December 31,
2012
August 30,
2012		 December 31,
2013		 December 31,
2012
August 30,
2012

(Successor)
 (Successor)
(Predecessor)
 (Successor)
 (Successor)
(Predecessor)

Discount rate

 4.73 % 4.17 % 3.99 % 4.00 % 3.90 % 3.65 %

Rate of compensation increase

 N/A N/A N/A N/A N/A N/A
Schedule of weighted-average assumptions used to determine net periodic benefit cost

 


 Pension Benefits Other Benefits
(In thousands)
12 Months
Ended
December 31,
2013		 From
Inception
August 31,
2012
through
December 31,
2012
March 30,
2012
through
August 30,
2012		 52 Weeks
Ended March 29, 2012		 12 Months
Ended
December 31,
2013		 From
Inception
August 31,
2012
through
December 31,
2012
March 30,
2012
through
August 30,
2012		 52 Weeks
Ended
March 29,
2012

(Successor)
 (Successor)
(Predecessor)
 (Predecessor)
 (Successor)
 (Successor)
(Predecessor)
 (Predecessor)

Discount rate

 4.17 % 3.99 % 4.86 % 5.86 % 3.90 % 3.65 % 4.42 % 5.51 %

Weighted average expected long-term return on plan assets

 7.27 % 7.27 % 7.27 % 8.00 % N/A N/A N/A N/A

Rate of compensation increase

 N/A N/A N/A N/A N/A N/A N/A N/A
Schedule of benefits expected to be paid

 

(In thousands)
Pension Benefits Other Benefits
Net of Medicare
Part D Adjustments		 Medicare Part D
Adjustments

2014

 $ 2,664 $ 738 $ 19

2015

 3,438 631 —

2016

 3,057 630 —

2017

 4,260 613 —

2018

 4,178 548 —

Years 2019 - 2023

 29,293 1,953 —
Schedule of target allocations for plan assets

 

Asset Category
Target
Allocation

Fixed(1)

 16 %

Equity Securities—U.S.

 25 %

Equity Securities—International

 15 %

Collective trust fund

 25 %

Private Real Estate

 14 %

Commodities broad basket

 5 %
​ ​ ​ ​ ​

 

 100 %
​ ​ ​ ​ ​
​ ​ ​ ​ ​
(1)
Includes U.S. Treasury Securities and Bond market fund.
Schedule of fair value of the pension plan assets

   The fair value of the pension plan assets at December 31, 2013, by asset class are as follows:

 
    
   Fair Value Measurements at December 31, 2013 Using  
(In thousands)
  Total Carrying
Value at
December 31, 2013		   Quoted prices in
active market
(Level 1)		   Significant other
observable inputs
(Level 2)		   Significant
unobservable inputs
(Level 3)		  

Cash and cash equivalents

   $ 265   $ 265   $ —   $ —  

U.S. Treasury Securities

     1,557     1,557     —     —  

Equity securities:

                          

U.S. companies

     19,654     19,654     —     —  

International companies

     11,281     11,281     —     —  

Bond market fund

     9,655     9,655     —     —  

Collective trust fund

     17,958     —     17,958     —  

Commodities broad basket fund

     3,459     3,459     —     —  

Private real estate

     9,829     —     9,829     —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets at fair value

   $ 73,658   $ 45,871   $ 27,787   $ —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

        The fair value of the pension plan assets at December 31, 2012, by asset class are as follows:

 
    
   Fair Value Measurements at December 31, 2012 Using  
(In thousands)
  Total Carrying
Value at
December 31, 2012		   Quoted prices in
active market
(Level 1)		   Significant other
observable inputs
(Level 2)		   Significant
unobservable inputs
(Level 3)		  

Cash and cash equivalents

   $ 19   $ 19   $ —   $ —  

U.S. Treasury Securities

     1,668     1,668     —     —  

Equity securities:

                          

U.S. companies

     15,993     2,184     13,809     —  

International companies

     11,098     11,098     —     —  

Public REITs

     1,229     —     1,229        

Bond market fund

     6,222     6,222     —     —  

Collective trust fund

     17,551     —     17,551     —  

Commodities broad basket fund

     3,304     3,304     —     —  

High yield bond fund

     3,104     —     3,104     —  

Private real estate

     8,031     —     8,031     —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets at fair value

   $ 68,219   $ 24,495   $ 43,724   $ —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​