PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 29, 2013

PENSION AND OTHER POSTRETIREMENT BENEFITS [Abstract]

Schedule of Defined Benefit Plan Obligations and Assets

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Change in projected benefit obligation:	(In thousands)
Projected benefit obligation, beginning of year	$	194,434		$	167,931		$	1,933		$	1,961
Service cost		-			51			-			-
Interest cost		7,954			8,272			78			96
Actuarial losses (gains)		(24,315	)		24,872			(92	)		159
Benefits paid		(8,043	)		(6,692	)		-			-
Curtailments and settlements		-			-			(214	)		(283	)
Projected benefit obligation, end of year	$	170,030		$	194,434		$	1,705		$	1,933

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Change in plan assets:	(In thousands)
Fair value of plan assets, beginning of year	$	92,283		$	81,193		$	-		$	-
Actual return on plan assets		16,489			8,013			-			-
Contributions by employer		7,767			9,769			214			283
Benefits paid		(8,043	)		(6,692	)		-			-
Curtailments and settlements		-			-			(214	)		(283	)
Fair value of plan assets, end of year	$	108,496		$	92,283		$	-		$	-
	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Funded status:	(In thousands)
Unfunded benefit obligation, end of year	$	(61,534	)	$	(102,151	)	$	(1,705	)	$	(1,933	)
	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Amounts recognized in the Consolidated Balance Sheets at end of
year:	(In thousands)
Current liability	$	(9,146	)	$	(6,656	)	$	(148	)	$	(158	)
Long-term liability		(52,388	)		(95,495	)		(1,557	)		(1,775	)
Recognized liability	$	(61,534	)	$	(102,151	)	$	(1,705	)	$	(1,933	)
	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Amounts recognized in accumulated other
comprehensive loss at end of year:	(In thousands)
Net actuarial loss (gain)	$	16,957		$	53,368		$	(126	)	$	(49	)

Schedule of Net Periodic Benefit Cost (Income)

	Pension Benefits									Other Benefits
	2013			2012			2011			2013			2012			2011
	(In thousands)
Service cost	$	-		$	51		$	173		$	-		$	-		$	-
Interest cost		7,954			8,272			8,213			78			96			112
Estimated return on plan assets		(5,393	)		(5,867	)		(6,177	)		-			-			-
Curtailment loss		-			-			16			-			-			-
Settlement loss (gain)		-			-			-			(15	)		(7	)		-
Amortization of prior service cost		-			-			3			-			-			-
Amortization of net loss (gain)		1,001			465			96			-			(2	)		-
Net cost	$	3,562		$	2,921		$	2,324		$	63		$	87		$	112

Schedule of Economic Assumptions

	Pension Benefits			Other Benefits
	2013	2012	2011	2013	2012	2011
Benefit obligation:
Discount rate	4.95%	4.22%	5.09%	4.95%	4.22%	5.09%
Rate of compensation increase	NA	NA	3.00%	NA	NA	NA
Net pension and other postretirement cost:
Discount rate	4.22%	5.09%	5.50%	4.22%	5.09%	5.50%
Rate of compensation increase	NA	3.00%	3.00%	NA	NA	NA
Expected return on plan assets	6.00%	7.50%	7.75%	NA	NA	NA

Schedule of Plan Asset Allocations

	2013	2012(a)
Cash and cash equivalents	-%	-%
Pooled separate accounts(b):
Equity securities	8%	8%
Fixed income securities	3%	3%
Common collective trust funds(b):
Equity securities	60%	63%
Fixed income securities	29%	26%
Total assets	100%	100%

(a)

We have made certain reclassifications to the December 30, 2012 asset allocation with no impact to total reported plan assets in order to conform to the December 29, 2013 presentation.

(b)

Pooled separate accounts ("PSAs") and common collective trust funds ("CCTs") are two of the most common types of alternative vehicles in which benefit plans invest. These investments are pooled funds that look like mutual funds, but they are not registered with the Securities and Exchange Commission. Often times, they will be invested in mutual funds or other marketable securities, but the unit price generally will be different from the value of the underlying securities because the fund may also hold cash for liquidity purposes, and the fees imposed by the fund are deducted from the fund value rather than charged separately to investors. Some PSAs and CCTs have no restrictions as to their investment strategy and can invest in riskier investments, such as derivatives, hedge funds, private equity funds, or similar investments.

Schedule of Fair Value Assumptions of Plan Assets

	2013								2012(a)
	Level 1(b)		Level 2(c)		Level 3(d)		Total		Level 1(b)		Level 2(c)		Level 3(d)		Total
	(In thousands)
Cash and cash equivalents	$	275	$	-	$	-	$	275	$	72	$	-	$	-	$	72
Pooled separate accounts:
Large U.S. equity funds(e)		-		4,828		-		4,828		-		4,181		-		4,181
Small/Mid U.S. equity funds(f)		-		1,192		-		1,192		-		1,060		-		1,060
International equity funds(g)		-		2,019		-		2,019		-		1,908		-		1,908
Fixed income funds(h)		-		3,442		-		3,442		-		2,693		-		2,693
Common collective trusts funds:
Large U.S. equity funds(e)		-		28,784		-		28,784		-		32,434		-		32,434
Small U.S. equity funds(f)		-		16,937		-		16,937		-		12,659		-		12,659
International equity funds(g)		-		19,420		-		19,420		-		12,831		-		12,831
Fixed income funds(h)		-		31,599		-		31,599		-		24,445		-		24,445
Total assets	$	275	$	108,221	$	-	$	108,496	$	72	$	92,211	$	-	$	92,283

(a)	We have made certain reclassifications to the December 30, 2012 fair value hierarchy with no impact to total reported plan assets in order to conform to the December 29, 2013 presentation.
(b)	Unadjusted quoted prices in active markets for identical assets are used to determine fair value.
(c)	Quoted prices in active markets for similar assets and inputs that are observable for the asset are used to determine fair value.
(d)	Unobservable inputs, such as discounted cash flow models or valuations, are used to determine fair value.
(e)	This category is comprised of investment options that invest in stocks, or shares of ownership, in large, well-established U.S. companies. These investment options typically carry more risk than fixed income options but have the potential for higher returns over longer time periods.
(f)	This category is generally comprised of investment options that invest in stocks, or shares of ownership, in small to medium-sized U.S. companies. These investment options typically carry more risk than larger U.S. equity investment options but have the potential for higher returns.
(g)	This category is comprised of investment options that invest in stocks, or shares of ownership, in companies with their principal place of business or office outside of the U.S.
(h)	This category is comprised of investment options that invest in bonds, or debt of a company or government entity (including U.S. and non-U.S. entities). It may also include real estate investment options that directly own property. These investment options typically carry more risk than short-term fixed income investment options (including, for real estate investment options, liquidity risk), but less overall risk than equities.

Schedule of Benefit Payments

	Pension
	Benefits		Other Benefits
	(In thousands)
2014	$	12,803	$	148
2015		12,231		151
2016		11,847		153
2017		11,487		154
2018		10,940		153
2019-2023		50,866		723
Total	$	110,174	$	1,482

Schedule of Unrecognized Benefit Amounts

	Pension Benefits									Other Benefits
	2013			2012			2011			2013			2012			2011
	(In thousands)
Net actuarial loss (gain), beginning of year	$	53,368		$	31,108		$	9,708		$	(49	)	$	(217	)	$	(47	)
Amortization		(1,001	)		(465	)		(96	)		-			2			-
Curtailment and settlement adjustments		-			-			-			15			7			-
Actuarial loss (gain)		(24,315	)		24,872			12,072			(92	)		159			(170	)
Asset loss (gain)		(11,095	)		(2,147	)		9,424			-			-			-
Net actuarial loss (gain), end of year	$	16,957		$	53,368		$	31,108		$	(126	)	$	(49	)	$	(217	)
Net prior service cost, beginning of year	$	-		$	-		$	19		$	-		$	-		$	-
Amortization		-			-			(19	)		-			-			-
Net prior service cost, end of year	$	-		$	-		$	-		$	-		$	-		$	-