Retirement Plans (Tables)

12 Months Ended

Dec. 28, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of changes in projected benefit obligations

The following table provides a reconciliation of the changes in the Company’s pension, SERP and OPEB plans benefit obligations and fair value of assets for 2013 and 2012, a statement of the funded status as of the years ended 2013 and 2012, respectively, and the amounts recognized in the consolidated balance sheets as of the years ended 2013 and 2012 (in thousands).

	Pensions						SERPs						OPEBs
	2013			2012			2013			2012			2013			2012
Benefit obligation at beginning of year	$	352,009		$	328,523		$	19,603		$	19,538		$	2,479		$	2,551
Service cost	—			1,932			—			—			—			—
Interest cost	12,932			13,657			696			786			88			103
Actuarial (gain) loss	(29,158		)	23,733			(381		)	1,398			(418		)	(24		)
Benefits paid	(16,632		)	(15,836		)	(2,094		)	(2,119		)	(136		)	(151		)
Prior service cost due to acquisition	—			—			—			—			62			—
Benefit obligation at end of year	$	319,151		$	352,009		$	17,824		$	19,603		$	2,075		$	2,479

Schedule of changes in fair value of plan assets

The following table provides a reconciliation of the Company’s fair value of plan assets:

	Pensions						SERPs						OPEBs
	2013			2012			2013			2012			2013			2012
Fair value of plan assets at beginning of year	$	231,897		$	210,577		$	—		$	—		$	—		$	—
Actual return on plan assets	32,085			21,198			—			—			—			—
Employer contributions	13,567			15,958			2,094			2,119			136			151
Benefits paid	(16,632		)	(15,836		)	(2,094		)	(2,119		)	(136		)	(151		)
Fair value of plan assets at end of year	$	260,917		$	231,897		$	—		$	—		$	—		$	—

Schedule of net funded status

The following table shows the funded status at the end of the year:

	Pensions						SERPs						OPEBs
	2013			2012			2013			2012			2013			2012
Funded status at end of year	$	(58,234	)	$	(120,112	)	$	(17,824	)	$	(19,603	)	$	(2,075	)	$	(2,479	)

Schedule of net periodic benefit cost recognized in accumulated other comprehensive loss

The following table shows amounts recognized in AOCI:

	Pensions				SERPs				OPEBs
	2013		2012		2013		2012		2013			2012
Net actuarial loss	$	60,338	$	110,682	$	4,158	$	4,766	$	(614	)	$	(200	)
Prior service cost	—		—		—		—		44			(23		)
Total	$	60,338	$	110,682	$	4,158	$	4,766	$	(570	)	$	(223	)

Schedule of amounts recognized in the balance sheet

The following table shows amounts recognized in the consolidated balance sheets:

	Pensions				SERPs				OPEBs
	2013		2012		2013		2012		2013		2012
Other current liabilities	$	—	$	—	$	2,077	$	2,135	$	250	$	262
Other liabilities	58,234		120,112		15,747		17,468		1,825		2,217
Total liabilities	$	58,234	$	120,112	$	17,824	$	19,603	$	2,075	$	2,479

Schedule of net benefit costs

The following table provides components of the net periodic cost for the pension, SERP and OPEB plans for the years ended 2013, 2012 and 2011 (in thousands):

	For The Years Ended
	2013			2012			2011
Service cost	$	—		$	1,932		$	1,382
Interest cost	13,716			14,546			15,377
Expected return on plan assets	(18,455		)	(16,875		)	(16,426		)
Net amortization and deferral	(6		)	(6		)	(5		)
Recognized net actuarial loss	7,779			6,424			1,015
Net periodic expense	$	3,034		$	6,021		$	1,343

Schedule of assumptions used in computing net periodic cost and funded status

The assumptions used in computing the net periodic benefit cost were as follows:

	2013		2012		2011
Weighted average discount rate	3.75	%	4.25	%	5.25	%
Expected long-term rate of return on plan assets	8.00	%	8.00	%	8.00	%
Rate of compensation increase	—	%	—	%	3.00	%

Schedule of benefit obligations in excess of fair value of plan assets

The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company’s pension plans with accumulated benefit obligations in excess of plan assets were as follows (in thousands):

	2013		2012
Projected benefit obligation	$	336,975	$	371,612
Accumulated benefit obligation	336,975		371,612
Fair value of plan assets	260,917		231,897

Schedule of expected benefit payments

The estimated pension benefit payments expected to be paid by the pension plans and the estimated SERP and OPEB payments expected to be paid by the Company for the years 2014 through 2018, and in the aggregate for the years 2019 through 2023, are as follows (in thousands):

	Pension Plans		SERP		OPEB
2014	$	16,966	$	2,123	$	255
2015	17,194		2,041		236
2016	17,477		2,006		217
2017	17,843		1,850		199
2018	18,306		1,681		182
2019 through 2023	97,623		7,133		708

Schedule of allocation of plan assets

The range of asset allocations and the target allocations for the pension plan assets were as follows:

	2013				2012				Target
Equity securities	53	%	65	%	51	%	64	%	60	%	75	%
Fixed income securities	23	%	33	%	25	%	32	%	25	%	35	%
Alternative investments and other	2	%	24	%	4	%	24	%	10	%	30	%

The fair values of the Company’s pension plan assets as of the years ended 2013 and 2012, by asset category are as follows (in thousands):

	2013								2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	6,115	$	—	$	—	$	6,115	$	6,817	$	—	$	—	$	6,817
Equity	141,334		—		—		141,334		121,600		—		—		121,600
Fixed income	17,181		41,487		—		58,668		15,229		40,152		—		55,381
Other	—		1,684		—		1,684		—		1,802		—		1,802
Alternative investments	—		—		53,116		53,116		—		—		46,297		46,297
Total pension plan assets	$	164,630	$	43,171	$	53,116	$	260,917	$	143,646	$	41,954	$	46,297	$	231,897

Schedule of changes in fair value of level 3 assets

The following table provides a summary of changes in the fair value of the Company’s Level 3 assets (in thousands):

	Alternative Investments
Balance as of the year ended 2011	$	28,762
Purchases, sales and settlements	14,056
Unrealized gains	3,479
Balance as of the year ended 2012	46,297
Purchases, sales and settlements	—
Unrealized gains	6,819
Balance as of the year ended 2013	$	53,116

Schedule of multiemployer plans

The Company's participation in these plans for the year ended 2013, is outlined in the table below:

Pension Fund	EIN	Pension Plan Number	Pension Protection Act Reported Status (1)		FIP/RP Status (2)	Contributions						Surcharge imposed	Expiration Date of Collective Bargaining Agreement
			2013	2012		2013		2012		2011
						(in thousands)
GCC/IBT National Pension Fund	526118568	001	Red	Red	Implemented	$262		$236		$249		Yes	6/30/2016
GCC/IBT National Pension Fund	526118568	001	Red	Red	Implemented	100		102		206		Yes	12/31/2014
GCC/IBT National Pension Fund	526118568	001	Red	Red	Implemented	14		15		25		Yes	4/30/2014
Graphic Communications Pension Trust Fund Of Canada	M5000050	223	Red	Red	Implemented	195		225		250		No	6/30/2015
Graphic Communications Supplemental Retirement and Disability Fund	M5000050	226, 251	Red	Red	Implemented	429		479		523		No	6/30/2015
CWA/ITU Negotiated Pension Plan	136212879	001	Red	Red	Implemented	88		86		347		No	3/1/2018
				Total contributions		$	1,088	$	1,143	$	1,600

__________________________

(1) Unless otherwise noted, the most recent Pension Protection Act (“PPA”) zone status available in 2013 and 2012 is for the plan's year end, not the Company's year end. The zone status is based on information that the Company received from the plan and is certified by the plan's actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded.

(2) The FIP/RP Status column indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.