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Employee benefit plans (Tables)
12 Months Ended
Dec. 26, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of net pension costs
The components of our net pension cost (income) related to our defined benefit plans were as follows (in thousands):
 
Years Ended
 
December 26, 2014
 
December 27, 2013
Service cost
$

 
$
19

Interest cost
1,713

 
1,616

Expected return on plan assets
(1,515
)
 
(1,692
)
Recognized actuarial gains
7

 
14

Curtailment gains

 
(16
)
Net pension cost (income)
$
205

 
$
(59
)
Schedule of changes in benefit obligations and fair value of plan assets
The financial status of our defined benefit plans were as follows (in thousands):
 
December 26, 2014
 
December 27, 2013
Change in benefit obligation:
 
 
 
Projected benefit obligation at beginning of year
$
36,919

 
$
40,636

Service cost

 
19

Interest cost
1,713

 
1,616

Actuarial losses (gains)
5,107

 
(3,280
)
Benefits paid
(1,998
)
 
(2,056
)
Plan curtailments

 
(16
)
Projected benefit obligation at end of year
$
41,741

 
$
36,919

 
 
 
 
Change in fair value of plan assets:
 

 
 

Fair value of plan assets at beginning of year
$
31,540

 
$
35,117

Actual return on plan assets
5,394

 
(1,644
)
Employer contributions
92

 
123

Benefits paid
(1,998
)
 
(2,056
)
Fair value of plan assets at end of year
$
35,028

 
$
31,540

 
 
 
 
Amounts recognized on the Consolidated Balance Sheets:
 

 
 

Non-current assets (included in deferred loan costs and other assets)
$
290

 
$
263

Non-current liabilities (included in other-long term liabilities)
(7,003
)
 
(5,642
)
Net amount recorded
$
(6,713
)
 
$
(5,379
)
Schedule of accumulated other comprehensive income regarding defined benefit plans
The accumulated other comprehensive income for our defined benefit plans included the following components (in thousands): 
 
Years Ended
 
December 26, 2014
 
December 27, 2013
Actuarial losses
$
(5,270
)
 
$
(4,065
)
Plan curtailment
(84
)
 
(84
)
Amortization of prior service costs
(20
)
 
(20
)
Amortization of transition obligations
(7
)
 
(7
)
Accumulated other comprehensive income
$
(5,381
)
 
$
(4,176
)
Schedule of benefit obligations in excess of plan assets
The aggregate benefit obligation, accumulated benefit obligation and fair value of plan assets for plans with benefit obligations in excess of plan assets were as follows (in thousands): 
 
December 26, 2014
 
December 27, 2013
Projected benefit obligation
$
41,575

 
$
36,760

Accumulated benefit obligation
$
41,497

 
$
36,682

Plan assets
$
34,572

 
$
31,118

Schedule of defined benefit plans' weighted-average asset allocations
The defined benefit plans’ weighted-average asset allocations were as follows:
 
December 26, 2014
 
December 27, 2013
Asset category:
 
 
 
Equity securities
10
%
 
11
%
Fixed income securities
88
%
 
87
%
Other
2
%
 
2
%
Total
100
%
 
100
%
Schedule of plan assets measured and recorded at fair value on a recurring basis per asset category
A summary of our pension assets that are measured and recorded at fair value on a recurring basis and their level within the fair value hierarchy is as follows (in millions):
 
December 26, 2014
 
Quoted Prices
In Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Plan assets per asset category(1):
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.1

 
$
0.1

 
$

 
$

Fixed income securities:
 

 
 

 
 

 
 

Corporate bonds(2)
30.9

 
30.9

 

 

Short-term debt securities(3)
0.6

 
0.6

 

 

Equity securities:
 

 
 

 
 

 
 

Domestic small-cap value(4)
1.0

 
1.0

 

 

Domestic mid-cap value(5)
2.0

 
2.0

 

 

International diversified value(6)
0.4

 
0.4

 

 

Fair value of plan assets
$
35.0

 
$
35.0

 
$

 
$


 
December 27, 2013
 
Quoted Prices
In Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Plan assets per asset category(1):
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.1

 
$
0.1

 
$

 
$

Fixed income securities:
 

 
 

 
 

 
 

Corporate bonds(2)
27.5

 
27.5

 

 

Short-term debt securities(3)
0.5

 
0.5

 

 

Equity securities:
 

 
 

 
 

 
 

Domestic small-cap value(4)
1.0

 
1.0

 

 

Domestic mid-cap value(5)
1.9

 
1.9

 

 

International diversified value(6)
0.5

 
0.5

 

 

Fair value of plan assets
$
31.5

 
$
31.5

 
$

 
$


______________________
(1)
See Note 15, Fair Value Measurements, for a description of the three levels within the fair value hierarchy.
(2)
Debt securities that specialize in investment grade bonds of institutional investors and other treasury related securities
(3)
Generally, money market securities that maintain cash for interim purchases.
(4)
Equity securities that focus on domestic public companies with low market capitalization.
(5)
Equity securities that focus on domestic public companies with a mid-rated market capitalization.
(6)
Equity securities that focus on international public companies but diversify their market capitalization to limit investment.
Schedule of assumptions used for defined benefit plan
The assumptions used to develop our defined benefit plan data were as follows:
 
December 26, 2014
 
December 27, 2013
Discount rate
4.1
%
 
4.9
%
Annual compensation increases
N/A

 
N/A

Expected long-term rates of return on plan assets
5.0
%
 
5.0
%
Schedule of expected benefit payments
The following table shows our expected benefit payments for the next five fiscal years and the aggregate five years thereafter from our defined benefit plans (in thousands):
Year Ending
 
2015
$
2,041

2016
2,111

2017
2,144

2018
2,179

2019
2,188

Thereafter
31,078

 
$
41,741