Employee Benefit Plans (Tables)

12 Months Ended

Dec. 29, 2013

Compensation and Retirement Disclosure [Abstract]

Pension Expense Related to the Defined Benefit Pension Plan

Net pension expense for the Company’s pension plan follows: 

	Fiscal Year Ended						Six Months Ended			Fiscal Year Ended
	December 29, 2013			December 30, 2012			January 1, 2012			July 3, 2011
Interest cost	$	7,854		$	8,655		$	4,919		$	9,686
Expected return on plan assets	(10,246		)	(9,741		)	(5,394		)	(10,041		)
Recognized net actuarial loss	8,757			8,022			3,181			6,855
Net pension expense	$	6,365		$	6,936		$	2,706		$	6,500

Changes in Benefit Obligations, Plan Assets, and Plan Funded Status

Pension benefit obligations at year-end, the fair value of pension plan assets, and the pension plan funded status are as follows:

	December 29, 2013			December 30, 2012
Change in Benefit Obligation:
Benefit obligation at beginning of period	$	230,257		$	217,452
Interest cost	7,854			8,655
Actuarial loss (gain)	(17,762		)	16,922
Benefits paid	(11,285		)	(12,772		)
Benefit obligation at end of period	$	209,064		$	230,257
Change in Plan Assets:
Fair value of plan assets at beginning of period	$	127,917		$	119,344
Actual return on plan assets	19,115			9,774
Employer contributions	24,856			11,571
Benefits paid	(11,285		)	(12,772		)
Fair value of plan assets at end of period	$	160,603		$	127,917
Funded status	$	(48,461	)	$	(102,340	)
Unrecognized net actuarial loss	169,070			204,459
Net amount recognized	$	120,609		$	102,119
Amounts Recognized in Statement of Financial Position:
Pension benefit obligations, net	$	(48,461	)	$	(102,340	)
Accumulated other comprehensive loss	169,070			204,459
Net amount recognized	$	120,609		$	102,119

Schedule of Weighted Average Assumptions Used

Weighted average assumptions used to determine benefit cost and benefit obligation for the pension plan follow:

	Fiscal Year Ended		Six Months Ended	Fiscal Year Ended
	December 29, 2013	December 30, 2012	January 1, 2012	July 3, 2011
Discount rate used to determine benefit obligation	4.45%	3.50%	4.05%	5.15%
Discount rate used to determine benefit cost	3.50%	4.05%	5.15%	5.10%
Expected return on plan assets	7.75%	8.25%	8.25%	8.50%
Measurement date for pension benefit obligations	December 29, 2013	December 30, 2012	January 1, 2012	July 3, 2011

Schedule of Asset Allocations and Fair Values of Pension Plan Assets

The asset allocation targets per the Company's most recently adopted investment policy statement are as follows:

Asset Class	Target Allocation
Equity	45% to 65%
Fixed income	15% to 30%
Alternative investments	20% to 40%
Cash	0% to 5%

The fair values of pension plan assets as of December 29, 2013, follows: 

	Balance as of		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Pension Plan Assets	December 29, 2013		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	3	$	3	$	—	$	—
Equity holdings:
U.S. large cap	21,273		21,273		—		—
U.S. small cap	7,216		7,216		—		—
U.S. blended cap	27,794		27,794		—		—
International equity	34,503		34,503		—		—
Total equity holdings	90,786		90,786		—		—
Fixed income holdings:
Core fixed income	13,654		—		13,654		—
Diversified short term debt	9,732		—		9,732		—
Emerging market debt	7,942		—		7,942		—
High yield debt	2,517		—		2,517		—
Total fixed income holdings	33,845		—		33,845		—
Multi asset class holdings	15,032		—		15,032		—
Limited partnership holdings	20,937		—		20,937		—
Total pension plan assets	$	160,603	$	90,789	$	69,814	$	—

The fair values of pension plan assets as of December 30, 2012, follows: 

	Balance as of		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Pension Plan Assets	December 30, 2012		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	—	$	—	$	—	$	—
Equity holdings:
U.S. large cap	43,759		43,759		—		—
U.S. small cap	4,087		4,087		—		—
International equity	25,185		25,185		—		—
Total equity holdings	73,031		73,031		—		—
Fixed income holdings:
Core fixed income	19,618		—		19,618		—
Emerging market debt	5,130		—		5,130		—
Total fixed income holdings	24,748		—		24,748		—
Limited partnership holdings	30,138		—		30,138		—
Total pension plan assets	$	127,917	$	73,031	$	54,886	$	—

Reconciliation of Changes in Fair Value of Plan Assets

The following table presents a reconciliation of the fair value measurements using significant unobservable inputs (Level 3) as of December 29, 2013, and December 30, 2012:  

	December 29, 2013		December 30, 2012
Balance, beginning of period	$	—	$	28,911
Depreciation in the fair market value of plan assets	—		—
Reclassification of assets to level 2	—		(28,911		)
Balance, end of period	$	—	$	—

Expected Future Benefit Payments

Expected future benefit payments under the pension plan by fiscal year are as follows:

Fiscal	Benefit
Year	Payment
2014	$	13,510
2015	13,199
2016	13,525
2017	13,405
2018	13,410
2019-2023	68,024