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Employee Pension Plans
3 Months Ended
Aug. 31, 2011
Employee Pension Plans  
Employee Pension Plans

NOTE J – Employee Pension Plans

The following table summarizes the components of net periodic pension cost for our defined benefit plans for the periods indicated:

 

     Three Months Ended
August 31,
 
(in thousands)    2011     2010  

Defined benefit plans:

    

Service cost

   $ 69      $ 234   

Interest cost

     381        354   

Expected return on plan assets

     (408     (333

Net amortization and deferral

     43        64   
  

 

 

   

 

 

 

Net pension cost of defined benefit plans

   $ 85      $ 319   
  

 

 

   

 

 

 

The current quarter decrease in net pension cost resulted from the curtailment of The Gerstenslager Company Bargain Unit Employees' Pension Plan during the fourth quarter of fiscal 2011, as disclosed in "Part II – Item 8. – Financial Statements and Supplementary Data – NOTE J – Employee Pension Plans" of our 2011 Form 10-K.

We anticipate total contributions of approximately $1,564,000 in fiscal 2012, of which approximately $328,000 have been made as of August 31, 2011.