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Retirement Plans
6 Months Ended
Jul. 02, 2011
Defined Contribution Pension And Other Postretirement Plans Disclosure [Abstract]  
Retirement Plans Text Block

9. Retirement Plans

 

The components of the net periodic expense for the Company’s pension plans and other postretirement benefit plans are as follows (in thousands):

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

July 2, 2011

 

 

July 3,

2010

 

July 2, 2011

 

July 3, 2010

 

Service cost

$

369

 

$

245

 

$

657

 

$

489

 

Interest cost

 

3,773

 

 

4,119

 

 

7,543

 

 

8,042

 

Expected return on plan assets

 

(4,092)

 

 

(3,615)

 

 

(8,181)

 

 

(7,229)

 

Net amortization and deferral

 

(1)

 

 

 

 

(2)

 

 

1

 

Recognized net actuarial loss

 

316

 

 

559

 

 

632

 

 

1,119

 

Net periodic expense

$

365

 

$

1,308

 

$

649

 

$

2,422

 

 

Interest cost on projected benefit obligation includes $0.2 million and $0.5 million related to the Company’s other postretirement plans in the three months ended July 2, 2011 and July 3, 2010, respectively, and $0.4 million and $0.7 million in the six months ended July 2, 2011 and July 3, 2010, respectively.

 

For the six months ended July 2, 2011, the Company made contributions of $7.1 million to its pension plans and other postretirement plans. The Company expects to contribute approximately $14.0 million to its pension plans and postretirement plans for the remainder of 2011.