Rendering

Component: (Network and Table)
Network
2315301 - Disclosure - EMPLOYEE BENEFIT PLANS (Tables)
(http://www.crl.com/role/EmployeeBenefitPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2015-12-27 - 2016-12-31
Compensation and Retirement Disclosure [Abstract]
 
Reconciliation of Benefit Obligations and Plans Assets of the Company's Pension Plans
The following table provides a reconciliation of benefit obligations and plan assets of the Company’s pension, DCP and ESLIRP plans:
 
December 31, 2016
 
December 26, 2015
 
 
 
 
 
(in thousands)
Change in projected benefit obligations:
 

 
 

Benefit obligation at beginning of year
$
345,220

 
$
359,130

Service cost
2,453

 
4,293

Interest cost
12,046

 
12,974

Benefit payments
(13,383
)
 
(8,191
)
Curtailment
(279
)
 

Settlements
(5,499
)
 

Plan amendments
188

 

Transfer in from acquisition
5,271

 

Actuarial loss (gain)
71,006

 
(10,362
)
Administrative expenses paid
(605
)
 
(411
)
Effect of foreign exchange
(36,476
)
 
(12,213
)
Benefit obligation at end of year
$
379,942

 
$
345,220

Change in fair value of plan assets:
 
 
 
Fair value of plan assets at beginning of year
$
275,480

 
$
281,290

Actual return on plan assets
23,388

 
6,263

Employer contributions
10,551

 
6,762

Settlements
(5,499
)
 

Transfer in from acquisition
508

 

Benefit payments
(13,383
)
 
(8,191
)
Administrative expenses paid
(605
)
 
(411
)
Effect of foreign exchange
(33,537
)
 
(10,233
)
Fair value of plan assets at end of year
$
256,903

 
$
275,480

 
 
 
 
Net balance sheet liability
$
123,039

 
$
69,740

 
 
 
 
Amounts recognized in balance sheet:
 
 
 
Noncurrent assets
$

 
$
261

Current liabilities
1,120

 
6,133

Noncurrent liabilities
121,919

 
63,868

 
 
Amounts Recognized in Accumulated Other Comprehensive Loss Related to the Company's Pensions Plans
Amounts recognized in accumulated other comprehensive loss related to the Company’s pension, DCP and ESLIRP plans are as follows:
 
Fiscal Year
 
2016
 
2015
 
 
 
 
 
(in thousands)
Net actuarial loss
$
123,743

 
$
73,412

Net prior service cost (credit)
(3,300
)
 
(4,584
)
Net amount recognized
$
120,443

 
$
68,828

 
 
Accumulated Benefit Obligation and Fair of Plan Assets
The accumulated benefit obligation and fair value of plan assets for the Company’s pension, DCP and ESLIRP plans with accumulated benefit obligations in excess of plan assets are as follows:
 
December 31, 2016
 
December 26, 2015
 
 
 
 
 
(in thousands)
Accumulated benefit obligation
$
346,122

 
$
306,433

Fair value of plan assets
242,172

 
253,225

 
 
Projected Benefit Obligation and Fair Value of Plan Assets
The projected benefit obligation and fair value of plan assets for the Company’s pension, DCP and ESLIRP plans with projected benefit obligations in excess of plan assets are as follows:
 
December 31, 2016
 
December 26, 2015
 
 
 
 
 
(in thousands)
Projected benefit obligation
$
379,942

 
$
336,155

Fair value of plan assets
256,903

 
266,154

 
 
Amounts in Accumulated Other Comprehensive Income Expected to Be Recognized as Components of Net Periodic Benefit Cost Over the Next Fiscal Year
The amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year are as follows:
 
December 31, 2016
 
(in thousands)
Amortization of net actuarial loss
$
3,867

Amortization of net prior service credit
(475
)
 
 
Components of Net Periodic Benefit Costs for the Company's Pension Plans
Components of net periodic benefit cost for the Company’s pension, DCP and ESLIRP plans are as follows:
 
Fiscal Year
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
(in thousands)
Service cost
$
2,453

 
$
4,293

 
$
4,155

Interest cost
12,046

 
12,974

 
13,831

Expected return on plan assets
(14,164
)
 
(16,987
)
 
(17,444
)
Amortization of prior service cost (credit)
(292
)
 
(581
)
 
1,211

Amortization of net loss (gain)
2,003

 
3,198

 
23

Curtailment
(279
)
 

 

Settlements
788

 

 

Net periodic cost (benefit)
$
2,555

 
$
2,897

 
$
1,776

 
 
Weighted-average Assumptions
Weighted-average assumptions used to determine projected benefit obligations are as follows:
 
December 31, 2016
 
December 26, 2015
Discount rate
3.01
%
 
3.89
%
Rate of compensation increase
3.25
%
 
3.17
%
Weighted-average assumptions used to determine net periodic benefit cost are as follows:
 
December 31, 2016
 
December 26, 2015
 
December 27, 2014
Discount rate
3.89
%
 
3.75
%
 
4.44
%
Expected long-term return on plan assets
5.83
%
 
6.24
%
 
6.41
%
Rate of compensation increase
3.17
%
 
3.18
%
 
3.36
%
 
 
Fair Value of the Company's Pension Plan Assets by Asset Category
The fair value of the Company’s pension plan assets by asset category are as follows:
 
December 31, 2016
 
December 26, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Cash
$
108

 
$

 
$

 
$
108

 
$
92

 
$

 
$

 
$
92

Equity securities(1)
63,348

 
6,252

 

 
69,600

 
65,890

 
5,941

 

 
71,831

Debt securities(2) 
59,294

 
3,269

 

 
62,563

 
68,489

 
2,822

 

 
71,311

Mutual funds(3)
64,698

 
56,596

 

 
121,294

 
63,689

 
65,725

 

 
129,414

Other
1,318

 
586

 
1,434

 
3,338

 
1,021

 
49

 
1,762

 
2,832

Total
$
188,766

 
$
66,703

 
$
1,434

 
$
256,903

 
$
199,181

 
$
74,537

 
$
1,762

 
$
275,480

(1) This category comprises equity securities held by non-U.S. pension plans valued at the quoted closing price, and translated into U.S. dollars using a foreign currency exchange rate at year end.
(2) This category comprises debt securities held by non-U.S. pension plans valued at the quoted closing price, and translated into U.S. dollars using a foreign currency exchange rate at year end.
(3) This category comprises mutual funds valued at the net asset value of shares held at year end.
 
 
Estimated Future Benefit Payments Over the Next Five Years
Estimated future benefit payments during the next five years and in the aggregate for fiscal years thereafter, are as follows:
Fiscal Year
 
Pension Plans
 
 
(in thousands)
2017
 
$
8,610

2018
 
8,818

2019
 
9,682

2020
 
10,014

2021
 
30,717

Thereafter
 
57,705