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Pension and Postretirement Benefits
3 Months Ended
Oct. 02, 2011
Compensation and Retirement Disclosure [Abstract] 
Pension and Postretirement Benefits
Pension and Postretirement Benefits
The Company has noncontributory defined benefit retirement plans and postretirement plans covering certain employees. The following tables summarize the plans’ income and expense for the periods indicated (in thousands):
 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
Three Months Ended
 
Three Months Ended
 
 
October 2,
2011
 
September 26,
2010
 
October 2,
2011
 
September 26,
2010
Components of Net Periodic Expense:
 
 
 
 
 
 
 
 
Service Cost
 
$
3,397

 
$
3,665

 
$
103

 
$
126

Interest Cost on Projected Benefit Obligation
 
14,351

 
14,202

 
1,680

 
1,839

Expected Return on Plan Assets
 
(19,224
)
 
(19,285
)
 
—

 
—

Amortization of:
 
 
 
 
 
 
 
 
Transition Obligation
 
2

 
2

 
—

 
—

Prior Service Cost (Credit)
 
725

 
765

 
(959
)
 
(982
)
Actuarial Loss
 
4,676

 
4,477

 
2,236

 
2,782

Net Periodic Expense
 
$
3,927

 
$
3,826

 
$
3,060

 
$
3,765


    
The Company expects to make benefit payments of approximately $2.7 million attributable to its non-qualified pension plans during fiscal 2012. During the first quarter of fiscal 2012, the Company made payments of approximately $0.9 million for its non-qualified pension plans. The Company anticipates making benefit payments of approximately $24.1 million for its other postretirement benefit plans during fiscal 2012. During the first quarter of fiscal 2012, the Company made payments of $4.7 million for its other postretirement benefit plans.
 
The Company is required to make minimum contributions to the qualified pension plan of approximately $30.2 million during fiscal 2012. The Company may be required to make further contributions in future years depending upon the actual return on plan assets and the funded status of the plan in future periods.