Pension and Other Postretirement Benefit Plans

3 Months Ended

Sep. 30, 2011

Pension and Other Postretirement Benefit Plans [Abstract]

Pension and Other Postretirement Benefit Plans [Text Block]

G. Pension and Other Postretirement Benefit Plans

The Company has non-contributory, qualified defined benefit plans covering substantially all domestic employees hired prior to October 1, 2003 and certain foreign employees.  Additionally, the Company provides health care and life insurance benefits for certain domestic retirees.  Components of net periodic benefit cost for the defined benefit pension plans and the other postretirement benefit plan are as follows (in thousands):

	Three Months Ended
	Sep. 30,	Sep. 24,
	2011	2010
Pension Benefits:
Service cost	$46	$38
Interest cost	1,510	1,556
Expected return on plan assets	(1,919)	(1,513)
Amortization of prior service cost	-	-
Amortization of transition obligation	-	-
Amortization of net loss	580	784
Net periodic benefit cost	$217	$865
Postretirement Benefits:
Service cost	$11	$8
Interest cost	246	274
Amortization of net actuarial loss	105	111
Net periodic benefit cost	$362	$393

The Company expects to contribute approximately $3,728,000 to its pension plans in fiscal 2012.  As of September 30, 2011, $1,365,000 in contributions have been made.