PENSION PLANS

9 Months Ended

Apr. 30, 2022

Compensation Related Costs [Abstract]

PENSION PLANS

PENSION PLANS

Net periodic pension cost for the three defined benefit pension plans sponsored in fiscal 2022 and 2021 includes the following components:

	13 Weeks Ended				39 Weeks Ended
	April 30, 2022		April 24, 2021		April 30, 2022		April 24, 2021
Service cost	$	47	$	54	$	140	$	162
Interest cost on projected benefit obligations	420		422		1,261		1,266
Expected return on plan assets	(409)		(483)		(1,227)		(1,449)
Loss on settlement	12,296		—		12,296		—
Amortization of net losses	126		147		378		441
Net periodic pension cost	$	12,480	$	140	$	12,848	$	420

In April 2022, the Company terminated the Village Super Market, Inc. Employees’ Retirement Plan. Prior to termination, the Company made a $1,485 contribution to fully fund the plan. Plan assets were liquidated to fund lump sum distributions to participants of $37,289 and purchase annuity contracts totaling $14,930 with an insurance company for all participants who did not elect a lump sum distribution. No benefit obligation or plan assets related to the Village Super Market, Inc. Employees’ Retirement Plan remain as of April 30, 2022. The Company recognized a $12,296 pre-tax settlement charge as a result of the termination, including a $10,811 non-cash charge for unrecognized losses within accumulated other comprehensive loss as of the termination date. Contributions to the remaining plans are expected to be immaterial in fiscal 2022.