Employee Benefit Plans

6 Months Ended

Jul. 03, 2011

Employee Benefit Plans

Employee Benefit Plans

11. Employee Benefit Plans

The Company sponsors funded and unfunded defined benefit pension plans covering substantially all of its domestic employees. Benefits are based primarily on years of service and employees’ compensation. The funding policy of the Company for these plans is to contribute an annual amount that does not exceed the maximum amount that can be deducted for federal income tax purposes.

The components of net periodic benefit cost are as follows:

	Second Quarter Ended						Six Months Ended
	July 3, 2011			July 4, 2010			July 3, 2011			July 4, 2010
	(in millions)
Service cost—benefits earned	$	1.3		$	1.1		$	2.6		$	2.2
Interest costs on benefits obligation	1.5			1.4			3.0			2.8
Expected return on assets	(1.8		)	(1.5		)	(3.6		)	(3.0		)
Prior service costs and net actuarial loss amortization	0.8			0.7			1.6			1.3
Net periodic benefit cost	$	1.8		$	1.7		$	3.6		$	3.3

The information related to the Company’s pension funds cash flow is as follows:

	Six Months Ended
	July 3, 2011		July 4, 2010
	(in millions)
Employer contributions	$	5.1	$	5.1

The Company expects to contribute approximately $5.1 million to its pension plan for the remainder of 2011.