Pension Plan and Postretirement Health Care and Life Insurance Benefits

9 Months Ended

Dec. 29, 2018

Retirement Benefits [Abstract]

Pension Plan and Postretirement Health Care and Life Insurance Benefits

9. Pension Plan and Postretirement Health Care and Life Insurance Benefits

The following tables set forth the net periodic benefit cost of the Company’s noncontributory defined benefit pension plan and contributory defined benefit health care plans. The amounts for the three months ended December 29, 2018 are based on calculations prepared by the Company’s actuaries and represent the Company’s best estimate of the respective period’s proportionate share of the amounts to be recorded for the year ending March 30, 2019. The amounts disclosed below for the three and nine-month periods ending December 30, 2017 were calculated based on the amounts disclosed within the Company’s fiscal 2018 Annual Report on Form 10-K.

Pension Plan:

	Three Months Ended						Nine Months Ended
	December 29, 2018			December 30, 2017			December 29, 2018			December 30, 2017
Components of net periodic benefit cost:
Service cost	$	64		$	58		$	192		$	174
Interest cost		221			226			663			678
Expected return on plan assets		(417	)		(403	)		(1,251	)		(1,209	)
Amortization of prior service cost		9			9			27			27
Amortization of losses		249			302			747			906
Net periodic benefit cost	$	126		$	192		$	378		$	576

Postretirement Health Care and Life Insurance Benefits:

	Three Months Ended						Nine Months Ended
	December 29, 2018			December 30, 2017			December 29, 2018			December 30, 2017
Components of net periodic benefit cost:
Service cost	$	12		$	8		$	36		$	24
Interest cost		23			25			69			75
Amortization of prior service cost		1			1			3			3
Amortization of losses		(7	)		(1	)		(21	)		(3	)
Net periodic benefit cost	$	29		$	33		$	87		$	99

The components of net periodic benefit cost other than the service component are included in other non-operating expense on the consolidated statements of operations.