Pensions And Other Postretirement Benefits

6 Months Ended

Apr. 26, 2013

Pensions And Other Postretirement Benefits [Abstract]

Pensions And Other Postretirement Benefits

NOTE 11 – PENSIONS AND OTHER POSTRETIREMENT BENEFITS

We sponsor a number of defined benefit pension plans for certain hourly and salaried employees. The benefits for most of these plans are generally based on stated amounts for each year of service. We fund the plans in amounts consistent with the limits of allowable tax deductions.

The net periodic benefit cost of our pension benefits is as follows:

	Three Months Ended						Six Months Ended
		April 26, 2013			April 27, 2012			April 26, 2013			April 27, 2012
Service cost	$	1,157		$	1,051		$	2,562		$	2,103
Interest cost		3,300			3,526			6,645			7,051
Expected return on plan assets		(4,935	)		(4,849	)		(9,876	)		(9,692	)
Amortization of prior service cost		112			109			224			218
Recognized actuarial (gain)/loss		2,375			1,716			4,832			3,432
Net Periodic Benefit Cost	$	2,009		$	1,553		$	4,387		$	3,112

The net periodic benefit cost of our post-retirement medical benefits is as follows:

	Three Months Ended						Six Months Ended
		April 26, 2013			April 27, 2012			April 26, 2013			April 27, 2012
Service cost	$	60		$	31		$	120		$	62
Interest cost		90			112			180			224
Amortization of prior service cost		(32	)		(32	)		(64	)		(64	)
Recognized actuarial (gain)/loss		117			118			234			236
Net Periodic Benefit Cost	$	235		$	229		$	470		$	458