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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
 12 Months Ended
Dec. 27, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Schedule of Defined Benefit Plan Obligations and Assets
The change in benefit obligation, change in fair value of plan assets, funded status and amounts recognized in the Consolidated Balance Sheets for these plans were as follows:
 
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2015
 
2014
Change in projected benefit obligation:
(In thousands)
Projected benefit obligation, beginning of year
$
190,401

 
$
170,030

 
$
1,657

 
$
1,705

Interest cost
7,754

 
8,103

 
67

 
81

Actuarial losses (gains)
(10,944
)
 
24,670

 
44

 
(10
)
Benefits paid
(6,074
)
 
(12,154
)
 
—

 
—

Settlements(a)
(15,185
)
 
(248
)
 
(96
)
 
(119
)
Projected benefit obligation, end of year
$
165,952

 
$
190,401

 
$
1,672

 
$
1,657

(a)
A settlement is a transaction that is an irrevocable action, relieves the employer or the plan of primary responsibility for a pension or postretirement obligation and eliminates significant risks related to the obligation and the assets used to affect the settlement. A settlement can be triggered when a plan pays lump sums totaling more than the sum of the plan’s interest cost and service cost. Both the GK Pension Plan and the Retiree Life Plan met this threshold in 2015 and both the SERP Plan and the Retiree Life Plan met this threshold in 2014.
 
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2015
 
2014
Change in plan assets:
(In thousands)
Fair value of plan assets, beginning of year
$
113,552

 
$
108,496

 
$
—

 
$
—

Actual return on plan assets
(3,024
)
 
3,944

 
—

 
—

Contributions by employer
7,678

 
13,514

 
96

 
119

Benefits paid
(6,074
)
 
(12,154
)
 
—

 
—

Settlements
(15,185
)
 
(248
)
 
(96
)
 
(119
)
Fair value of plan assets, end of year
$
96,947

 
$
113,552

 
$
—

 
$
—

 
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2015
 
2014
Funded status:
(In thousands)
Unfunded benefit obligation, end of year
$
(69,005
)
 
$
(76,849
)
 
$
(1,672
)
 
$
(1,657
)
 
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2015
 
2014
Amounts recognized in the Consolidated Balance Sheets at end of year:
(In thousands)
Current liability
$
(10,779
)
 
$
(9,373
)
 
$
(138
)
 
$
(129
)
Long-term liability
(58,226
)
 
(67,476
)
 
(1,534
)
 
(1,528
)
Recognized liability
$
(69,005
)
 
$
(76,849
)
 
$
(1,672
)
 
$
(1,657
)
 
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2015
 
2014
Amounts recognized in accumulated other
   comprehensive loss at end of year:
(In thousands)
Net actuarial loss (gain)
$
38,115

 
$
43,907

 
$
(79
)
 
$
(127
)
Schedule of Net Periodic Benefit Cost (Income)
Net pension and other postretirement costs included the following components:
 
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
 
(In thousands)
Service cost
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Interest cost
7,754

 
8,103

 
7,954

 
67

 
81

 
78

Estimated return on plan assets
(6,684
)
 
(6,373
)
 
(5,393
)
 
—

 
—

 
—

Settlement loss (gain)
3,843

 
93

 
—

 
(4
)
 
(9
)
 
(15
)
Amortization of net loss (gain)
714

 
56

 
1,001

 
—

 
—

 
—

Net cost
$
5,627

 
$
1,879

 
$
3,562

 
$
63

 
$
72

 
$
63
Schedule of Economic Assumptions
The weighted average assumptions used in determining pension and other postretirement plan information were as follows:
 
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.47
%
 
4.22
%
 
4.95
%
 
4.47
%
 
4.22
%
 
4.95
%
Net pension and other postretirement cost:
 
 
 
Discount rate
4.22
%
 
4.95
%
 
4.22
%
 
4.22
%
 
4.95
%
 
4.22
%
Expected return on plan assets
5.50
%
 
6.00
%
 
6.00
%
 
NA

 
NA

 
NA
Schedule of Plan Asset Allocations
The following table reflects the pension plans’ actual asset allocations:
 
2015
 
2014
Cash and cash equivalents
—
%
 
—
%
Pooled separate accounts(a):
 
 
 
Equity securities
7
%
 
6
%
Fixed income securities
7
%
 
6
%
Common collective trust funds(a):
 
 
 
Equity securities
57
%
 
60
%
Fixed income securities
29
%
 
28
%
Total assets
100
%
 
100
%
(a)
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
The fair value measurements of plan assets fell into the following levels of the fair value hierarchy as of December 27, 2015 and December 28, 2014:
 
2015
 
2014(a)
 
Level 1(a)
 
Level 2(b)
 
Level 3(c)
 
Total
 
Level 1(a)
 
Level 2(b)
 
Level 3(c)
 
Total
 
(In thousands)
Cash and cash equivalents
$
147

 
$
—

 
$
—

 
$
147

 
$
33

 
$
—

 
$
—

 
$
33

Pooled separate accounts:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Large U.S. equity funds(d)
—

 
3,816

 
—

 
3,816

 
—

 
4,147

 
—

 
4,147

Small/Mid U.S. equity funds(e)
—

 
969

 
—

 
969

 
—

 
1,062

 
—

 
1,062

International equity funds(f)
—

 
1,606

 
—

 
1,606

 
—

 
1,719

 
—

 
1,719

Fixed income funds(g)
—

 
6,337

 
—

 
6,337

 
—

 
6,609

 
—

 
6,609

Common collective trusts funds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Large U.S. equity funds(d)
—

 
22,069

 
—

 
22,069

 
—

 
29,964

 
—

 
29,964

Small/Mid U.S. equity funds(e)
—

 
16,843

 
—

 
16,843

 
—

 
18,411

 
—

 
18,411

International equity funds(f)
—

 
16,629

 
—

 
16,629

 
—

 
19,730

 
—

 
19,730

Fixed income funds(g)
—

 
28,531

 
—

 
28,531

 
—

 
31,877

 
—

 
31,877

Total assets
$
147

 
$
96,800

 
$
—

 
$
96,947

 
$
33

 
$
113,519

 
$
—

 
$
113,552

(a)
Unadjusted quoted prices in active markets for identical assets are used to determine fair value.
(b)
Quoted prices in active markets for similar assets and inputs that are observable for the asset are used to determine fair value.
(c)
Unobservable inputs, such as discounted cash flow models or valuations, are used to determine fair value.
(d)
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.
(e)
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.
(f)
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.
(g)
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
The following table reflects the benefits as of December 27, 2015 expected to be paid in each of the next five years and in the aggregate for the five years thereafter from our pension and other postretirement plans. Because our pension plans are primarily funded plans, the anticipated benefits with respect to these plans will come primarily from the trusts established for these plans. Because our other postretirement plans are unfunded, the anticipated benefits with respect to these plans will come from our own assets.
 
Pension Benefits
 
Other
Benefits
 
(In thousands)
2016
$
14,205

 
$
138

2017
11,660

 
139

2018
11,406

 
140

2019
11,063

 
139

2020
11,075

 
138

2021-2025
49,795

 
643

Total
$
109,204

 
$
1,337
Schedule of Unrecognized Benefit Amounts
The amounts in accumulated other comprehensive income (loss) that were not recognized as components of net periodic benefits cost and the changes in those amounts are as follows:
 
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
 
(In thousands)
Net actuarial loss (gain), beginning of year
$
43,907

 
$
16,957

 
$
53,368

 
$
(127
)
 
$
(126
)
 
$
(49
)
Amortization
(714
)
 
(56
)
 
(1,001
)
 
—

 
—

 
—

Settlement adjustments
(3,843
)
 
(93
)
 
—

 
4

 
9

 
15

Actuarial loss (gain)
(10,944
)
 
24,670

 
(24,315
)
 
44

 
(10
)
 
(92
)
Asset loss (gain)
9,709

 
2,429

 
(11,095
)
 
—

 
—

 
—

Net actuarial loss (gain), end of year
$
38,115

 
$
43,907

 
$
16,957

 
$
(79
)
 
$
(127
)
 
$
(126
)