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RETIREMENT PLANS
9 Months Ended
Jun. 29, 2012
RETIREMENT PLANS

10. RETIREMENT PLANS

The Company’s net defined benefit and post-retirement benefit costs were composed of the following:

 

     Three Months Ended     Nine Months Ended  
(In thousands)    June 29,
2012
    July 1,
2011
    June 29,
2012
    July 1,
2011
 

Defined Benefit Plans

        

Service cost

   $ 1,072      $ 945      $ 3,281      $ 2,713   

Interest cost

     1,325        1,283        4,016        3,710   

Settlement gain

     0        0        (161     0   

Expected return on plan assets

     (1,316     (1,251     (3,982     (3,622

Amortization of prior service cost

     40        38        120        113   

Recognized actuarial loss

     621        512        1,863        1,538   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 1,742      $ 1,527      $ 5,137      $ 4,452   
  

 

 

   

 

 

   

 

 

   

 

 

 

Post-Retirement Benefit Plans

        

Interest cost

   $ 55      $ 62      $ 165      $ 186   

Amortization of prior service cost

     1        1        3        3   

Recognized actuarial loss

     21        13        63        39   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 77      $ 76      $ 231      $ 228   
  

 

 

   

 

 

   

 

 

   

 

 

 

The Company made contributions to the defined benefit plans of $8.1 million during the nine months ended June 29, 2012. The Company currently expects total contributions to the defined benefit plans for fiscal year 2012 will be approximately $9.7 million. The Company made contributions to the post-retirement benefit plans of $0.4 million during the nine months ended June 29, 2012. The Company currently expects total contributions to the post-retirement benefit plans for fiscal year 2012 will be approximately $0.5 million.