Pensions And Other Postretirement Benefits

3 Months Ended

Jan. 24, 2014

Pensions And Other Postretirement Benefits [Abstract]

Pensions And Other Postretirement Benefits

NOTE 10 – 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 the pension benefits was as follows:

		Three Months Ended
		January 24,			January 25,
		2014			2013
Service cost	$	1,090		$	1,405
Interest cost		3,700			3,345
Expected return on plan assets		(4,959	)		(4,941	)
Amortization of prior service cost		120			112
Recognized actuarial (gain)/loss		1,543			2,457
Net Periodic Benefit Cost	$	1,494		$	2,378

The net periodic benefit cost of the post-retirement medical benefits was as follows:

	Three Months Ended
	January 24,				January 25,
		2014			2013
Service cost	$	38		$	60
Interest cost		95			90
Amortization of prior service cost		(32	)		(32	)
Recognized actuarial loss		92			117
Net Periodic Benefit Cost	$	193		$	235