Defined Benefit Plans

9 Months Ended

Sep. 24, 2014

Compensation and Retirement Disclosure [Abstract]

Defined Benefit Plans

Defined Benefit Plans

The components of net periodic benefit cost were as follows:

	Quarter Ended						Three Quarters Ended
	September 24, 2014			September 25, 2013			September 24, 2014			September 25, 2013
	(In thousands)
Pension Plan:
Service cost	$	95		$	100		$	285		$	300
Interest cost	775			745			2,325			2,233
Expected return on plan assets	(988		)	(1,122		)	(2,965		)	(3,366		)
Amortization of net loss	231			413			693			1,240
Net periodic benefit cost	$	113		$	136		$	338		$	407
Other Defined Benefit Plans:
Interest cost	$	31		$	28		$	93		$	84
Amortization of net loss	15			17			46			53
Settlement loss recognized	33			—			58			—
Net periodic benefit cost	$	79		$	45		$	197		$	137

We made contributions of $2.5 million and $2.8 million to our qualified pension plan during the three quarters ended September 24, 2014 and September 25, 2013, respectively. We made contributions of $0.4 million and $0.1 million to our other defined benefit plans during the three quarters ended September 24, 2014 and September 25, 2013, respectively. We expect to contribute less than $0.1 million to our other defined benefit plans over the remainder of fiscal 2014.

Additional minimum pension liability of $18.3 million and $18.7 million is reported as a component of accumulated other comprehensive loss in the Condensed Consolidated Statement of Shareholders’ Equity as of September 24, 2014 and December 25, 2013, respectively.

On September 17, 2014, our Board of Directors approved the termination of the Advantica Pension Plan as of December 31, 2014, effective upon confirmation of compliance with any requirements under the terms of our credit facility. See Note 15. We currently expect that termination of such plan will be completed by the end of fiscal 2015 or early 2016. Settlement gain or loss, if any, resulting from the termination will be recognized at that time. During fiscal 2015 or early 2016, we will be required to make contributions to the Advantica Pension Plan as a result of the termination, dependent upon market conditions and participant elections. We currently expect that these contributions will be between $5 million and $7 million.