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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2011
Employee Benefit Plans [Abstract]  
Schedule of Net Funded Status [Table Text Block]
The following table sets forth the plans’ funded status and amounts recognized in the Company's consolidated balance sheets based on the measurement date (December 31, 2011 and January 1, 2011) (in thousands):


 
December 31,
2011
 
January 1,
2011
Change in projected benefit obligation:
 
 
 
Projected benefit obligation at beginning of period
$
111,376

 
$
103,159

Service cost
1,178

 
1,056

Interest cost
6,052

 
5,959

Actuarial loss
18,028

 
4,996

Benefits paid
(4,336
)
 
(3,794
)
Effect of curtailment
(8,911
)
 

Other
166

 

Projected benefit obligation at end of period
123,553

 
111,376

 
 
 
 
Change in plan assets:
 

 
 

Fair value of plan assets at beginning of period
93,308

 
84,099

Actual return on plan assets
(3,274
)
 
11,974

Employer contribution
10,537

 
1,029

Benefits paid
(4,336
)
 
(3,794
)
Fair value of plan assets at end of period
96,235

 
93,308

 
 
 
 
Funded status
(27,318
)
 
(18,068
)
Net amount recognized
$
(27,318
)
 
$
(18,068
)
 
 
 
 
Amounts recognized in the consolidated balance
   sheets consist of:
 

 
 

Non-current liability
$
(27,318
)
 
$
(18,068
)
Net amount recognized
$
(27,318
)
 
$
(18,068
)
 
 
 
 
Amounts recognized in accumulated other
   comprehensive loss consist of:
 

 
 

Net actuarial loss
$
48,702

 
$
32,146

Prior service cost
277

 
264

Net amount recognized  (a)
$
48,979

 
$
32,410

Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
 
December 31,
2011
 
January 1,
2011
Projected benefit obligation
$
123,553

 
$
111,376

Accumulated benefit obligation
123,553

 
103,946

Fair value of plan assets
96,235

 
93,308

Schedule of Defined Benefit Plans Disclosures [Table Text Block]
Net pension cost includes the following components (in thousands):

 
December 31,
2011
 
January 1,
2011
 
January 2,
2010
Service cost
$
1,178

 
$
1,056

 
$
984

Interest cost
6,052

 
5,959

 
5,767

Expected return on plan assets
(6,888
)
 
(6,389
)
 
(4,811
)
Net amortization and deferral
2,814

 
3,242

 
4,321

Curtailment
63

 

 

Net pension cost
$
3,219

 
$
3,868

 
$
6,261

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
Amounts recognized in accumulated other comprehensive income (loss) for the year ended (in thousands):

 
2011
 
2010
Actuarial gains recognized:
 
 
 
Reclassification adjustments
$
1,668

 
$
1,917

Actuarial (loss)/gain recognized during the period
(11,806
)
 
361

Prior service (cost) credit recognized:
 

 
 

Reclassification adjustments
55

 
68

Prior service cost arising during the period
(63
)
 

 
$
(10,146
)
 
$
2,346

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
The estimated amount that will be amortized from accumulated other comprehensive loss into net periodic pension cost in fiscal 2012 is as follows (in thousands):

 
 
2012
Net actuarial loss
 
$
4,757

Prior service cost
 
89

 
 
$
4,846

Schedule of Assumptions Used [Table Text Block]
Weighted average assumptions used to determine benefit obligations were:

 
December 31,
2011
 
January 1,
2011
 
January 2,
2010
Discount rate
4.50%
 
5.55%
 
5.90%
Rate of compensation increase
—%
 
4.16%
 
4.08%

Weighted average assumptions used to determine net periodic benefit cost for the employee benefit pension plans were:

        
 
December 31,
2011
 
January 1,
2011
 
January 2,
2010
Discount rate
5.55%
 
5.90%
 
6.10%
Rate of increase in future compensation levels
4.16%
 
4.08%
 
4.08%
Expected long-term rate of return on assets
7.85%
 
7.85%
 
8.10%
Schedule of Allocation of Plan Assets [Table Text Block]
The Company's pension plan weighted-average asset allocations at December 31, 2011 and January 1, 2011, by asset category, are as follows:


            
 
Plan Assets at
Asset Category
December 31,
2011
 
January 1,
2011
Equity Securities
59.7%
 
59.8%
Debt Securities
40.3%
 
40.2%
Other
—%
 
—%
Total
100.0%
 
100.0%
Schedule of Target Allocation of Plan Assets [Table Text Block]
Based upon the plans’ time horizon, risk tolerances, performance expectations, asset class constraints and asset-liability study results, target asset allocation ranges are as follows:

            
Fixed Income
35% - 45%
Domestic Equities
45% - 55%
International Equities
7% - 13%
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

The following table presents fair value measurements for the Company's defined benefit plans’ assets as categorized using the fair value hierarchy under FASB authoritative guidance (in thousands):

    
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
 
Significant Other
Observable
Inputs
 
Significant
Unobservable
Inputs
(In thousands of dollars)
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
Balances as  January 1, 2011
 
 
 
 
 
 
 
Fixed Income:
 
 
 
 
 
 
 
Long Term
$
32,734

 
$
32,734

 
$

 
$

Short Term
4,741

 
4,298

 
443

 

Equity Securities:
 

 
 

 
 

 
 

Domestic equities
45,465

 
45,465

 

 

International equities
10,368

 
10,368

 

 

Totals
$
93,308

 
92,865

 
$
443

 
$

 
 
 
 
 
 
 
 
Balances as December 31, 2011
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
Fixed Income:
 

 
 

 
 

 
 

Long Term
$
33,872

 
$
33,872

 
$

 
$

Short Term
4,918

 
4,461

 
457

 

Equity Securities:
 

 
 

 
 

 
 

Domestic equities
47,122

 
47,122

 

 

International equities
10,323

 
10,323

 

 

Totals
$
96,235

 
$
95,778

 
$
457

 
$

Schedule of Expected Benefit Payments [Table Text Block]
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands):

 
            
Year Ending
Pension Benefits
2012
$
4,860

2013
4,950

2014
5,380

2015
5,690

2016
5,880

Years 2017 – 2021
34,190

Multiemployer plans
The following table provides more detail on these two significant multiemployer plans (contributions in thousands):

 
 
 
 
 
 
 
 
Expiration
Pension
EIN Pension
Pension Protection Act Zone Status
FIP/RP Status Pending/
Contributions
Date of Collective Bargaining
Fund
Plan Number
2011
2010
Implemented
2011
2010
2009
Agreement
Western Conference of Teamsters Pension Plan
91-6145047 / 001
Green
Green
No
$
1,386

$
1,401

$
1,324

January 2014 (b)
Central States, Southeast and Southwest Areas Pension Plan (a)
36-6044243 / 001
Red
Red
Yes
705

630

602

August 2014 (c)
All other multiemployer plans
 
 
 
 
1,009

869

874

 
 
 
Total Company Contributions
$
3,100

$
2,900

$
2,800

 

(a)
In July 2005 this plan received a 10 year extension from the IRS for amortizing unfunded liabilities.

(b)
The Company has several plants that participate in the Western Conference of Teamsters Pension Plan under collective bargaining agreements that require minimum funding contributions. Certain of these agreements have expired and are being renegotiated with others having expiration dates through January 1, 2014.

(c)
The Company has several processing plants that participate in the Central States, Southeast and Southwest Areas Pension Plan under collective bargaining agreements that require minimum funding contributions. Certain of these agreements have expired and are being renegotiated with others having expiration dates through August 6, 2014.