Retirement Plans (Tables)

12 Months Ended

Dec. 27, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of changes in projected benefit obligations

The following tables provide a reconciliation of the changes in the Company’s pension, SERP and OPEB plans' benefit obligations and fair value of assets for 2014 and 2013, a statement of the funded status as of the years ended 2014 and 2013, respectively, and the amounts recognized in the consolidated balance sheets as of the years ended 2014 and 2013 (in thousands).

	Pensions						SERPs						OPEBs
	2014			2013			2014			2013			2014			2013
Benefit obligation at beginning of year	$	319,151		$	352,009		$	17,824		$	19,603		$	2,075		$	2,479
Service cost	—			—			—			—			2			—
Interest cost	14,027			12,932			754			696			88			88
Actuarial loss (gain)	55,821			(29,158		)	1,925			(381		)	(254		)	(418		)
Benefits paid	(23,673		)	(16,632		)	(1,995		)	(2,094		)	(122		)	(136		)
Prior service cost due to acquisition	—			—			—			—			—			62
Benefit obligation at end of year	$	365,326		$	319,151		$	18,508		$	17,824		$	1,789		$	2,075

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
	2014			2013			2014			2013			2014			2013
Fair value of plan assets at beginning of year	$	260,917		$	231,897		$	—		$	—		$	—		$	—
Actual return on plan assets	18,466			32,085			—			—			—			—
Employer contributions	11,925			13,567			1,995			2,094			122			136
Benefits paid	(23,673		)	(16,632		)	(1,995		)	(2,094		)	(122		)	(136		)
Fair value of plan assets at end of year	$	267,635		$	260,917		$	—		$	—		$	—		$	—

Schedule of net funded status

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

	Pensions						SERPs						OPEBs
	2014			2013			2014			2013			2014			2013
Funded status at end of year	$	(97,691	)	$	(58,234	)	$	(18,508	)	$	(17,824	)	$	(1,789	)	$	(2,075	)

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

The following table shows amounts recognized in AOCI:

	Pensions				SERPs				OPEBs
	2014		2013		2014		2013		2014			2013
Net actuarial loss (gain)	$	115,438	$	60,338	$	5,872	$	4,158	$	(830	)	$	(614	)
Prior service cost	—		—		—		—		44			44
Total	$	115,438	$	60,338	$	5,872	$	4,158	$	(786	)	$	(570	)

Schedule of amounts recognized in the balance sheet

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

	Pensions				SERPs				OPEBs
	2014		2013		2014		2013		2014		2013
Other current liabilities	$	—	$	—	$	1,989	$	2,077	$	164	$	250
Other liabilities	97,691		58,234		16,519		15,747		1,625		1,825
Total liabilities	$	97,691	$	58,234	$	18,508	$	17,824	$	1,789	$	2,075

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 2014, 2013 and 2012 (in thousands):

	For The Years Ended
	2014			2013			2012
Service cost	$	2		$	—		$	1,932
Interest cost	14,870			13,716			14,546
Expected return on plan assets	(20,792		)	(18,455		)	(16,875		)
Net amortization and deferral	—			(6		)	(6		)
Recognized net actuarial loss	3,220			7,779			6,424
Net periodic (benefit) expense	$	(2,700	)	$	3,034		$	6,021

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

The assumptions used were as follows:

	2014		2013		2012
Discount rate used to calculate net periodic benefit expense	4.50	%	3.75	%	4.25	%
Discount rate used to calculate projected benefit obligation	3.75	%	4.50	%	3.75	%
Expected long-term rate of return on plan assets	8.00	%	8.00	%	8.00	%
Rate of compensation increase	—	%	—	%	—	%

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):

	2014		2013
Projected benefit obligation	$	383,834	$	336,975
Accumulated benefit obligation	383,834		336,975
Fair value of plan assets	267,635		260,917

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 2015 through 2019, and in the aggregate for the years 2020 through 2024, are as follows (in thousands):

	Pension Plans		SERP		OPEB
2015	$	17,471	$	2,027	$	167
2016	17,719		2,002		162
2017	18,045		1,857		156
2018	18,537		1,688		150
2019	18,973		1,620		143
2020 through 2024	100,501		6,980		609

Schedule of allocation of plan assets

The fair values of the Company’s pension plan assets as of the years ended 2014 and 2013, by asset category are as follows (in thousands):

	2014								2013
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	6,661	$	—	$	—	$	6,661	$	6,115	$	—	$	—	$	6,115
Equity	133,833		—		—		133,833		141,334		—		—		141,334
Fixed income	16,696		50,203		—		66,899		17,181		41,487		—		58,668
Other	—		1,599		—		1,599		—		1,684		—		1,684
Alternative investments	—		—		58,643		58,643		—		—		53,116		53,116
Total pension plan assets	$	157,190	$	51,802	$	58,643	$	267,635	$	164,630	$	43,171	$	53,116	$	260,917

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

	2014				2013				Target
Equity securities	48	%	62	%	53	%	65	%	60	%	75	%
Fixed income securities	26	%	33	%	23	%	33	%	25	%	35	%
Alternative investments and other	5	%	26	%	2	%	24	%	10	%	30	%

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 2012	$	46,297
Purchases, sales and settlements	—
Unrealized gains	6,819
Balance as of the year ended 2013	53,116
Asset sales (1)	(2,884		)
Asset purchases	2,884
Unrealized gains	5,527
Balance as of the year ended 2014	$	58,643

__________________________

(1)     A loss of approximately $0.1 million was realized on sales during 2014.

Schedule of multiemployer plans

The Company's participation in these plans for the years ended 2014, 2013 and 2012, 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
			2014	2013		2014		2013		2012
						(in thousands)
GCC/IBT National Pension Fund	526118568	001	Red	Red	Implemented	$220		$262		$236		Yes	6/30/2016
GCC/IBT National Pension Fund	526118568	001	Red	Red	Implemented	135		100		102		Yes	12/31/2014
GCC/IBT National Pension Fund	526118568	001	Red	Red	Implemented	11		14		15		Yes	4/30/2017
CEP Graphical Pension Plan of Canada	M5000050	223	Red	Red	Implemented	164		195		225		No	6/30/2015
CEP Graphical Supplemental Retirement and Disability Fund of Canada	M5000050	226, 251	Red	Red	Implemented	397		429		479		No	6/30/2015
CWA/ITU Negotiated Pension Plan	136212879	001	Red	Red	Implemented	—		88		86		No	3/1/2018
				Total contributions		$	927	$	1,088	$	1,143

__________________________

(1) Unless otherwise noted, the most recent Pension Protection Act ("PPA") zone status available in 2014 and 2013 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.