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Retirement Plans
9 Months Ended
Oct. 01, 2011
Retirement Plans [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

 

Nine Months Ended

 

 

 

October 1, 2011

 

 

October 2,

2010

 

October 1, 2011

 

October 2, 2010

 

Service cost

$

440

 

$

244

 

$

1,097

 

$

733

 

Interest cost

 

3,722

 

 

3,905

 

 

11,265

 

 

11,947

 

Expected return on plan assets

 

(4,094)

 

 

(3,614)

 

 

(12,275)

 

 

(10,843)

 

Net amortization and deferral

 

(2)

 

 

1

 

 

(4)

 

 

2

 

Recognized net actuarial loss

 

190

 

 

559

 

 

822

 

 

1,678

 

Net periodic expense

$

256

 

$

1,095

 

$

905

 

$

3,517

 

 

Interest cost on projected benefit obligation includes $0.2 million related to the Company’s other postretirement plans in both the three months ended October 1, 2011 and October 2, 2010 and $0.6 million and $0.9 million in the nine months ended October 1, 2011 and October 2, 2010, respectively.

 

For the nine months ended October 1, 2011, the Company made contributions of $17.6 million to its pension plans and other postretirement plans. The Company expects to contribute approximately $3.5 million to its pension plans and postretirement plans for the remainder of 2011.