Note 10 - Pension Plans

12 Months Ended

Apr. 27, 2013

Pension and Other Postretirement Benefits Disclosure [Text Block]

Pension and Other Postretirement Benefits Disclosure [Text Block]

10. PENSION PLANS

The Company contributes to certain pension plans under collective bargaining agreements and to a discretionary profit sharing plan. Total contributions (including contributions to multi-employer plans reflected below) were $2.6 million for Fiscal 2013, $2.5 million for Fiscal 2012 and $2.5 million for Fiscal 2011.

The Company participates in various multi-employer defined benefit pension plans covering certain employees whose employment is covered under collective bargaining agreements. Under the Pension Protection Act (“PPA”), if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. If the Company chooses to stop participating in the multi-employer plan, the Company could be required to pay the plan a withdrawal liability based on the underfunded status of the plan.

Summarized below is certain information regarding the Company’s participation in significant multi-employer pension plans including the financial improvement plan or rehabilitation plan status (“FIP/RP Status”). The most recent PPA zone status available in Fiscal 2013 and Fiscal 2012 is for the plans’ years ending December 31, 2011 and 2010, respectively.

	PPA Zone Status
Pension Fund	Fiscal 2013	Fiscal 2012	FIP/RP Status	Surcharge Imposed
Central States, Southeast and Southwest	Red	Red	Implemented	Yes
Areas Pension Plan (EIN no. 36-6044243)
(the “CSSS Fund”)
Western Conference of Teamsters Pension	Green	Green	Not applicable	No
Trust Fund (EIN no. 91-6145047)
(the “WCT Fund”)

For the plan years ended December 31, 2011 and December 31, 2010, respectively, the Company was not listed in the pension trust fund forms 5500 as providing more than 5% of the total contributions for the plans. The collective bargaining agreements covering the above pension trust funds expire on October 18, 2016 for the CSSS Fund and May 14, 2016 for the WCT Fund.

The Company’s contributions for all multi-employer pension plans for the last three fiscal years are as follow:

	(In thousands)
Pension Fund	Fiscal 2013		Fiscal 2012		Fiscal 2011
CSSS Fund	$	1,051	$	944	$	897
WCT Fund		471		455		612
Other multi-employer pension funds		262		244		224
Total	$	1,784	$	1,643	$	1,733