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Pension and Postretirement Benefit Plans (Tables)
12 Months Ended
Dec. 28, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Allocation of Plan Assets
The plans’ weighted-average asset allocations by asset category are as follows:
 
December 28, 2013
 
December 29, 2012
Cash
12
%
 
1
%
Equity Securities
30
%
 
31
%
Fixed Income Securities
58
%
 
68
%
Total
100
%
 
100
%
Schedule of Expected Benefit Payments
The expected level of payments to, or on the behalf of, participants is as follows:
In thousands
Pension
 
Postretirement
2014
$
5,770

 
$
606

2015
5,830

 
547

2016
6,133

 
548

2017
6,867

 
534

2018
7,186

 
544

2019 to 2023
46,224

 
2,581

Pension Plans
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Net Funded Status
The following table details information regarding the Company's pension plans:
In thousands
U.S. Pension Plans
 
Non-U.S. Pension Plans
Fiscal Year Ended
December 28,
2013
 
Fiscal Year
Ended
December 29,
2012
 
Fiscal Year Ended
December 28,
2013
 
Fiscal Year
Ended
December 29,
2012
Pension Plans
 
 
 
 
 
 
 
Change in Projected Benefit Obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
(16,309
)
 
$
(15,219
)
 
$
(131,580
)
 
$
(105,637
)
Service costs
(4
)
 

 
(3,398
)
 
(2,002
)
Interest costs
(1,067
)
 
(620
)
 
(4,980
)
 
(5,032
)
Participant contributions

 

 
(170
)
 
(173
)
Acquisition
(84,932
)
 

 
(1,602
)
 

Plan amendments

 

 
622

 

Actuarial gain / (loss)
2,670

 
(1,451
)
 
2,273

 
(25,848
)
Settlements / curtailments

 

 

 
5,520

Benefit payments
1,322

 
981

 
4,917

 
4,556

Currency translation

 

 
(4,386
)
 
(2,964
)
Benefit obligation at end of year
$
(98,320
)
 
$
(16,309
)
 
$
(138,304
)
 
$
(131,580
)
Change in Plan Assets:
 
 
 
 
 
 
 
Fair value at beginning of year
$
12,172

 
$
11,341

 
$
139,064

 
$
129,365

Actual return on plan assets
2,270

 
1,091

 
(877
)
 
12,611

Employer and participant contributions
721

 
721

 
4,788

 
3,493

Acquisition
84,981

 

 
1,203

 

Settlements / curtailments

 

 
(263
)
 
(4,542
)
Benefit payments
(1,322
)
 
(981
)
 
(4,618
)
 
(4,556
)
Currency translation

 

 
5,034

 
2,693

Fair value at end of year
$
98,822

 
$
12,172

 
$
144,331

 
$
139,064

Funded (unfunded) status
$
502

 
$
(4,137
)
 
$
6,027

 
$
7,484

Amounts included in the balance sheet:
 
 
 
 
 
 
 
Current assets
$

 
$

 
$

 
$
263

Other noncurrent assets

 

 
12,133

 
15,087

Accounts payable and accrued liabilities

 

 
(346
)
 
(334
)
Other noncurrent liabilities
502

 
(4,137
)
 
(5,760
)
 
(7,532
)
Net amount recognized
$
502

 
$
(4,137
)
 
$
6,027

 
$
7,484

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
The following table summarizes the pretax amounts recorded in Accumulated other comprehensive income (loss) for the Company’s pension plans as of December 28, 2013 and December 29, 2012:
In thousands
U.S. Pension Plans
 
Non-U.S. Pension Plans
December 28, 2013
 
December 29, 2012
 
December 28, 2013
 
December 29, 2012
Transition net asset
$

 
$

 
$

 
$

Net actuarial (gain) loss
1,174

 
4,688

 
12,583

 
7,737

Prior service cost

 

 

 

Net amounts recognized
$
1,174

 
$
4,688

 
$
12,583

 
$
7,737

Components of net periodic benefit costs
The components of the Company's pension related costs for the following periods are as follows:
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
Successor
 
 
Predecessor
 
Successor
 
 
Predecessor
In thousands, except percentage data
Fiscal Year Ended
December 28,
2013
 
Fiscal Year
Ended
December 29,
2012
 
Eleven Months
Ended
December 31,
2011
 
 
One Month
Ended
January 28,
2011
 
Fiscal Year Ended
December 28,
2013
 
Fiscal Year
Ended
December 29,
2012
 
Eleven Months
Ended
December 31,
2011
 
 
One Month
Ended
January 28,
2011
Pension Benefit Plans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
4

 
$

 
$

 
 
$

 
$
3,398

 
$
2,002

 
$
1,917

 
 
$
162

Interest cost
1,067

 
620

 
646

 
 
58

 
4,980

 
5,032

 
5,262

 
 
458

Return on plan assets
(2,270
)
 
(1,091
)
 
392

 
 
(29
)
 
877

 
(12,611
)
 
(21,492
)
 
 
3,785

Curtailment / settlement (gain) loss

 

 

 
 

 

 
792

 

 
 

Net amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Transition costs and other
844

 
373

 
(1,260
)
 
 
(36
)
 
(7,356
)
 
6,911

 
16,043

 
 
(4,293
)
Net periodic benefit cost
$
(355
)
 
$
(98
)
 
$
(222
)
 
 
$
(7
)
 
$
1,899

 
$
2,126

 
$
1,730

 
 
$
112

Weighted average assumptions used:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Return on plan assets
5.9 - 7.0%

 
8.0
%
 
8.0
%
 
 
8.0
%
 
3.0 - 5.5%

 
1.5 - 6.0%

 
2.4 - 6.0%

 
 
2.5 - 6.0%

Discount rate
4.6
%
 
3.8
%
 
5.6
%
 
 
5.4
%
 
3.4 - 8.0%

 
3.7 - 7.0%

 
4.0 - 7.3%

 
 
4.8 - 8.5%

Salary and wage escalation rate
N/A

 
N/A

 
N/A

 
 
N/A

 
2.8 - 4.5%

 
2.0 - 4.5%

 
2.0 - 4.5%

 
 
2.0 - 4.5%

Schedule of Allocation of Plan Assets
The fair value of the Company's pension plan assets at December 28, 2013 by asset category is as follows:
In thousands
Total
 
Level 1
 
Level 2
 
Level 3
Cash
$
28,671

 
$
28,671

 
$

 
$

Equity securities:
 
 
 
 
 
 
 
U.S. equities (a)
16,566

 
11,023

 
5,543

 

Foreign equities (b)
16,233

 
4,993

 
11,240

 

Global equity funds (c)
37,697

 
5,079

 
32,618

 

Emerging markets (d)
2,423

 
1,083

 
1,340

 

Total equity securities
72,919

 
22,178

 
50,741

 

Fixed income securities:
 
 
 
 
 
 
 
U.S. fixed income funds (e)
43,069

 
11,030

 
27,332

 
4,707

Foreign fixed income funds (f)
97,264

 

 
97,264

 

Total fixed income securities
140,333

 
11,030

 
124,596

 
4,707

Insurance funds
1,230

 

 

 
1,230

Total
$
243,153

 
$
61,879

 
$
175,337

 
$
5,937

(a)
This category consists of commingled and registered mutual funds that focus on equity securities of U.S companies. It includes both indexed and actively managed funds.
(b)
This category consists of commingled and registered mutual funds that focus on equity securities of companies outside of the U.S. It includes both indexed and actively managed funds.
(c)
This category consists of commingled and registered mutual funds that invest in equity securities of both U.S. and foreign companies. It includes actively managed funds
(d)
This category consists of commingled and registered mutual funds that invest in equity securities of companies in emerging market economies. It includes actively managed funds.
(e)
This category consists of actively managed funds that invest in investment-grade bonds of U.S. issuers from diverse industries and U.S. government bonds and treasury notes.
(f)
This category consists of funds that invest in investment-grade bonds of foreign companies and Euro region government bonds.

The fair value of the Company's pension plan assets at December 29, 2012 by asset category is as follows:
In thousands
Total
 
Level 1
 
Level 2
 
Level 3
Cash
$
1,942

 
$
1,942

 
$

 
$

Equity securities:
 
 
 
 
 
 
 
U.S. equities (a)
7,877

 
6,190

 
1,687

 

Foreign equities (b)
10,509

 
522

 
9,987

 

Global equity funds (c)
25,483

 

 
25,483

 

Emerging markets (d)
2,424

 
1,094

 
1,330

 

Total equity securities
46,293

 
7,806

 
38,487

 

Fixed income securities:
 
 
 
 
 
 
 
U.S. fixed income funds (e)
4,121

 
4,121

 

 

Foreign fixed income funds (f)
98,880

 

 
98,880

 

Total fixed income securities
103,001

 
4,121

 
98,880

 

Total
$
151,236

 
$
13,869

 
$
137,367

 
$

(a)
This category consists of commingled and registered mutual funds that focus on equity securities of U.S companies. It includes both indexed and actively managed funds.
(b)
This category consists of commingled and registered mutual funds that focus on equity securities of companies outside of the U.S. It includes both indexed and actively managed funds.
(c)
This category consists of commingled and registered mutual funds that invest in equity securities of both U.S. and foreign companies. It includes actively managed funds
(d)
This category consists of commingled and registered mutual funds that invest in equity securities of companies in emerging market economies. It includes actively managed funds.
(e)
This category consists of actively managed funds that invest in investment-grade bonds of U.S. issuers from diverse industries and U.S. government bonds and treasury notes.
(f)
This category consists of funds that invest in investment-grade bonds of foreign companies and Euro region government bonds.
Postretirement Benefit Plans
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Net Funded Status
The following table details information regarding the Company's postretirement plans:
In thousands
U.S. Postretirement Plans
 
Non-U.S. Postretirement Plans
Fiscal Year Ended
December 28,
2013
 
Fiscal Year
Ended
December 29,
2012
 
Fiscal Year Ended
December 28,
2013
 
Fiscal Year
Ended
December 29,
2012
Postretirement Benefit Plans
 
 
 
 
 
 
 
Change in Projected Benefit Obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$

 
$

 
$
(4,864
)
 
$
(4,908
)
Additional benefit obligations

 

 

 

Service costs

 

 
(59
)
 
(69
)
Interest costs
(11
)
 

 
(187
)
 
(218
)
Acquisition
(2,030
)
 

 
(1,419
)
 

Actuarial gain / (loss)
7

 

 
305

 
(394
)
Settlements / curtailments

 

 
182

 
364

Benefit payments

 

 
381

 
407

Currency translation

 

 
150

 
(46
)
Benefit obligation at end of year
$
(2,034
)
 
$

 
$
(5,511
)
 
$
(4,864
)
Change in Plan Assets:
 
 
 
 
 
 
 
Fair value at beginning of year
$

 
$

 
$

 
$

Actual return on plan assets

 

 

 

Employer and participant contributions

 

 
381

 
407

Benefit payments

 

 
(381
)
 
(407
)
Currency translation

 

 

 

Fair value at end of year
$

 
$

 
$

 
$

Funded status
$
(2,034
)
 
$

 
$
(5,511
)
 
$
(4,864
)
Amounts included in the balance sheet:
 
 
 
 
 
 
 
Other noncurrent assets
$

 
$

 
$

 
$

Accounts payable and accrued liabilities
(119
)
 

 
(492
)
 
(449
)
Other noncurrent liabilities
(1,915
)
 

 
(5,019
)
 
(4,415
)
Net amount recognized
$
(2,034
)
 
$

 
$
(5,511
)
 
$
(4,864
)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
The following table summarizes the pretax amounts recorded in Accumulated other comprehensive income (loss) for the Company’s postretirement benefit plans as of December 28, 2013 and December 29, 2012:
In thousands
U.S. Postretirement Plans
 
Non-U.S. Postretirement Plans
December 28, 2013
 
December 29, 2012
 
December 28, 2013
 
December 29, 2012
Transition net asset
$

 
$

 
$

 
$

Net actuarial (gain) loss
(7
)
 

 
(12
)
 
443

Prior service cost

 

 

 

Net amounts recognized
$
(7
)
 
$

 
$
(12
)
 
$
443

Components of net periodic benefit costs
The components of the Company's postretirement related costs for the following periods are as follows:
 
U.S. Postretirement Plans
 
Non-U.S. Postretirement Plans
 
Successor
 
 
Predecessor
 
Successor
 
 
Predecessor
In thousands, except percentage data
Fiscal Year Ended
December 28,
2013
 
Fiscal Year
Ended
December 29,
2012
 
Eleven Months
Ended
December 31,
2011
 
 
One Month
Ended
January 28,
2011
 
Fiscal Year Ended
December 28,
2013
 
Fiscal Year
Ended
December 29,
2012
 
Eleven Months
Ended
December 31,
2011
 
 
One Month
Ended
January 28,
2011
Postretirement Benefit Plans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$

 
$

 
$

 
 
$

 
$
59

 
$
69

 
$
75

 
 
$
7

Interest cost
11

 

 

 
 

 
187

 
218

 
279

 
 
24

Curtailment / settlement (gain) loss

 

 

 
 

 
114

 
186

 
(556
)
 
 

Net amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Transition costs and other

 

 

 
 

 
35

 
26

 

 
 
(26
)
Net periodic benefit cost
$
11

 
$

 
$

 
 
$

 
$
395

 
$
499

 
$
(202
)
 
 
$
5

Weighted average assumptions used:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.6
%
 
N/A

 
N/A

 
 
N/A

 
4.1 - 4.8%

 
3.5 - 7.0%

 
5.3 - 8.0%

 
 
5.0 - 8.5%

Salary and wage escalation rate
N/A

 
N/A

 
N/A

 
 
N/A

 
3.0
%
 
3.0 - 4.5%

 
3.0 - 4.5%

 
 
3.0 - 4.5%

Canadian Benefit Plans
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Health Care Cost Trend Rates
The health care cost trend rate assumptions for the Company provided health care benefits for retirees in Canada are reflected in the following table. The Company does not provide post-employment health care benefits for retirees in other countries.
 
December 28, 2013
 
December 29, 2012
Weighted average health care cost trend rate assumed for next year
6.44
%
 
6.42
%
Rate to which the cost trend is expected to decline (the ultimate trend rate)
4.50
%
 
4.50
%
Year that the rate reached the ultimate trend rate
2028

 
2028