PENSION PLANS

3 Months Ended

Oct. 29, 2022

Compensation Related Costs [Abstract]

PENSION PLANS

PENSION PLANS

Net periodic pension cost for the two defined benefit pension plans sponsored in fiscal 2023 and the three defined

benefit pension plans sponsored in fiscal 2022 includes the following components:

	13 Weeks Ended
	October 29, 2022		October 30, 2021
Service cost	$	34	$	47
Interest cost on projected benefit obligations	70		420
Expected return on plan assets	(19)		(409)
Amortization of net losses	(139)		126
Net periodic pension cost	$	(54)	$	184

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. The Company recognized a $12,296 pre-tax settlement charge as a result of the termination, including a $10,856 non-cash charge for unrecognized losses within accumulated other comprehensive loss as of the termination date. No benefit obligation or plan assets related to the Village Super Market, Inc. Employees’ Retirement Plan remain as of October 29, 2022.

Contributions to the remaining plans are expected to be immaterial in fiscal 2023.