Employee Benefits (Tables)

12 Months Ended

Dec. 29, 2012

Employee Benefits [Abstract]

Reconciliation of the changes in the plans' benefit obligations and the fair value of the plans assets

The Company sponsors several qualified and nonqualified pension plans and other postretirement benefit plans for certain of its employees.  The following tables provide a reconciliation of the changes in the plans' benefit obligations and the fair value of the plans' assets for 2012 and 2011, and a statement of the plans' aggregate funded status as of December 29, 2012 and December 31, 2011 as follows:

	Pension Benefits						Other Benefits
(In thousands)	2012			2011			2012			2011
Change in benefit obligation:
Obligation at beginning of year	$	180,341		$	174,464		$	19,945		$	21,083
Service cost		884			1,394			380			344
Interest cost		8,472			9,051			635			993
Actuarial loss (gain)		14,458			6,077			(1,838	)		(1,369	)
Benefit payments		(10,583	)		(10,942	)		(1,131	)		(937	)
Foreign currency translation adjustment		2,595			297			105			(169	)
Obligation at end of year		196,167			180,341			18,096			19,945
Change in fair value of plan assets:
Fair value of plan assets at beginning of year		147,502			156,215			—			—
Actual return on plan assets		18,964			(1,306	)		—			—
Employer contributions		3,216			3,094			1,131			937
Benefit payments		(10,583	)		(10,942	)		(1,131	)		(937	)
Foreign currency translation adjustment		1,881			441			—			—
Fair value of plan assets at end of year		160,980			147,502			—			—
Underfunded status at end of year	$	(35,187	)	$	(32,839	)	$	(18,096	)	$	(19,945	)

Amounts recognized in accumulated OCI (before the effect of income taxes)

The following represents amounts recognized in accumulated OCI (before the effect of income taxes) at December 29, 2012 and December 31, 2011:

	Pension Benefits				Other Benefits
(In thousands)	2012		2011		2012			2011
Unrecognized net actuarial loss (gain)	$	61,125	$	58,436	$	(1,630	)	$	118
Unrecognized prior service cost		2		3		19			17

Funded status of the plans recognized

In aggregate, the underfunded plans are recognized as a liability in the Consolidated Balance Sheets.  The amounts recognized as a liability are classified as current or long-term on a plan-by-plan basis.  Liabilities are classified as current to the extent the actuarial present value of benefits payable within the next 12 months exceed the fair value of plan assets, with all remaining amounts being classified as long-term.  As of December 29, 2012 and December 31, 2011, the total funded status of the plans recognized in the Consolidated Balance Sheets was as follows:

	Pension Benefits						Other Benefits
(In thousands)	2012			2011			2012			2011
Current liability	$	—		$	—		$	(1,187	)	$	(1,333	)
Long-term liability		(35,187	)		(32,839	)		(16,909	)		(18,612	)
Total underfunded status	$	(35,187	)	$	(32,839	)	$	(18,096	)	$	(19,945	)

Components of net periodic benefit costs

The components of net periodic benefit cost are as follows:

(In thousands)	2012			2011			2010
Pension benefits:
Service cost	$	884		$	1,394		$	823
Interest cost		8,472			9,051			9,374
Expected return on plan assets		(10,263	)		(11,569	)		(11,443	)
Amortization of prior service cost		1			2			294
Amortization of net loss		3,883			2,346			2,307
Net periodic benefit cost	$	2,977		$	1,224		$	1,355
Other benefits:
Service cost	$	380		$	344		$	273
Interest cost		635			993			1,333
Amortization of prior service (credit) cost		(2	)		(3	)		1
Amortization of net (gain) loss		(73	)		(2	)		156
Effect of curtailments and settlements		—			—			25
Net periodic benefit cost	$	940		$	1,332		$	1,788

Weighted average assumptions used in the measurement of the Company's benefit obligation and net periodic benefit cost are as follows

The weighted average assumptions used in the measurement of the Company's benefit obligations are as follows:

	Pension Benefits				Other Benefits
	2012		2011		2012		2011
Discount rate		4.13%		4.80%		4.06%		4.97%
Expected long-term return on plan assets		7.15%		7.11%		N/A		N/A
Rate of compensation increases		N/A		N/A		5.04%		5.04%
Rate of inflation		2.70%		3.00%		N/A		N/A

The weighted average assumptions used in the measurement of the Company's net periodic benefit cost are as follows:

	Pension Benefits									Other Benefits
	2012			2011			2010			2012			2011			2010
Discount rate		4.80	%		5.25	%		5.77	%		4.97	%		5.39	%		6.08	%
Expected long-term return on plan assets		7.11	%		7.51	%		8.04	%		N/A			N/A			N/A
Rate of compensation increases		N/A			N/A			N/A			5.04	%		5.04	%		5.04	%
Rate of inflation		3.00	%		3.40	%		3.75	%		N/A			N/A			N/A

Weighted average asset allocation of pension fund assets

The weighted average asset allocation of the Company's pension fund assets are as follows:

	Pension Plan Assets
Asset category	2012			2011
Equity securities (includes equity mutual funds)		84	%		80	%
Fixed income securities (includes fixed income mutual funds)		5			5
Cash and equivalents (includes money market funds)		9			8
Alternative investments		2			7
Total		100	%		100	%

Plan assets at fair value within the fair value hierarchy, by level

The following table sets forth by level, within the fair value hierarchy, the assets of the plans at fair value as of December 29, 2012, and December 31, 2011, respectively:

	Fair Value Measurements at December 29, 2012
(In thousands)	Level 1		Level 2		Level 3		Total
Cash and money market funds	$	13,691	$	—	$	—	$	13,691
Common stock (1)		65,604		—		—		65,604
Mutual funds (2)		21,497		55,695		—		77,192
Limited partnerships		—		—		4,493		4,493
Total	$	100,792	$	55,695	$	4,493	$	160,980
	Fair Value Measurements at December 31, 2011
(In thousands)	Level 1		Level 2		Level 3		Total
Cash and money market funds	$	11,707	$	—	$	—	$	11,707
Common stock (3)		58,498		—		—		58,498
Mutual funds (4)		19,054		47,098		—		66,152
Limited partnerships		—		—		11,145		11,145
Total	$	89,259	$	47,098	$	11,145	$	147,502

(1)	Approximately 90 percent of common stock represents investments in U.S. companies primarily in the health care, utilities, financials, consumer staples, industrials, and information technology sectors.  All investments in common stock are listed on U.S. stock exchanges.
(2)	Approximately 32 percent of mutual funds are actively managed funds and approximately 68 percent of mutual funds are index funds.  Additionally, 31 percent of the mutual funds' assets are invested in U.S. equities, 59 percent in non-U.S. equities, and 10 percent in non-U.S. fixed income securities.
(3)	Approximately 88 percent of common stock represents investments in U.S. companies primarily in the health care, utilities, financials, consumer staples, industrials, information technology, and telecommunications sectors.  All investments in common stock are listed on U.S. stock exchanges.
(4)	Approximately 30 percent of mutual funds are actively managed funds and approximately 70 percent of mutual funds are index funds.  Additionally, 32 percent of the mutual funds' assets are invested in U.S. equities, 57 percent in non-U.S. equities, and 11 percent in non-U.S. fixed income securities.

Plan assets measured at fair value using significant unobservable inputs

The table below reflects the changes in the assets of the plan measured at fair value on a recurring basis using significant unobservable inputs (Level 3 hierarchy as defined by ASC 820) during the year ended December 29, 2012:

(In thousands)	Limited Partnerships
Balance, December 31, 2011	$	11,145
Purchases		314
Redemptions		(7,468	)
Net appreciation in fair value		502
Balance, December 29, 2012	$	4,493

Future benefit plans payments

The assets of the plans do not include investments in securities issued by the Company.  The Company expects to contribute approximately $1.6 million to its pension plans and $1.2 million to its other postretirement benefit plans in 2013.  The Company expects future benefits to be paid from the plans as follows:

(In thousands)	Pension Benefits		Other Benefits
2013	$	11,079	$	1,187
2014		11,201		1,165
2015		11,352		1,232
2016		11,486		1,175
2017		11,620		1,178
2018-2022		59,548		6,192
Total	$	116,286	$	12,129