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Retirement Plans
9 Months Ended
Jun. 28, 2013
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 28,
2013

 

 

June 29,
2012

 

 

June 28,
2013

 

 

June 29,
2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defined Benefit Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost             

$

  1,169

  

 

$

  1,072

  

 

$

  3,598

  

 

$

  3,281

  

Interest cost             

 

  1,276

  

 

 

  1,325

  

 

 

  3,891

  

 

 

  4,016

  

Plan curtailment             

 

  

 

 

  

 

 

 

 

 

(161

) 

Expected return on plan assets             

 

(1,388

) 

 

 

(1,316

) 

 

 

(4,235

) 

 

 

(3,982

) 

Amortization of prior service cost             

 

  41

  

 

 

  40

  

 

 

  121

  

 

 

  120

  

 

 

 

 

Recognized actuarial loss             

 

  682

  

 

 

  621

  

 

 

  2,045

  

 

 

  1,863

  

Net periodic benefit cost             

$

  1,780

  

 

$

  1,742

  

 

$

  5,420

  

 

$

  5,137

  

Post-Retirement Benefit Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost             

$

  40

  

 

$

  55

  

 

$

  120

  

 

$

  165

  

Amortization of prior service cost             

 

  1

  

 

 

  1

  

 

 

  3

  

 

 

  3

  

 

 

 

 

Recognized actuarial loss             

 

  15

  

 

 

  21

  

 

 

  45

  

 

 

  63

  

Net periodic benefit cost             

$

  56

  

 

$

  77

  

 

$

  168

  

 

$

  231

  

The Company made contributions to the defined benefit plans of $9.3 million during the nine months ended June 28, 2013. The Company currently expects total contributions to the defined benefit plans for fiscal year 2013 will be approximately $10.8 million. The Company made contributions to the post-retirement benefit plans of $0.4 million during the nine months ended June 28, 2013. The Company currently expects total contributions to the post-retirement benefit plans for fiscal year 2013 will be approximately $0.5 million.