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Employee Pension Plans
6 Months Ended
Nov. 30, 2011
Employee Pension Plans [Abstract]  
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
November 30,
    Six Months Ended
November 30,
 
(in thousands)    2011     2010     2011     2010  

Defined benefit plans:

        

Service cost

   $ 65      $ 239      $ 134      $ 473   

Interest cost

     376        358        756        712   

Expected return on plan assets

     (408     (333     (815     (666

Net amortization and deferral

     43        64        86        128   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net pension cost of defined benefit plans

   $ 76      $ 328      $ 161      $ 647   
  

 

 

   

 

 

   

 

 

   

 

 

 

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 $655,000 had been made as of November 30, 2011.