XML 68 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Plans
9 Months Ended
Jun. 27, 2014
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

 

 

June 27,

 

 

June 28,

 

 

June 27,

 

 

June 28,

 

(In thousands)

2014

 

 

2013

 

 

2014

 

 

2013

 

 

Defined Benefit Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

1,028

 

 

$

1,169

 

 

$

3,077

 

 

$

3,598

 

Interest cost

 

1,545

 

 

 

1,276

 

 

 

4,591

 

 

 

3,891

 

Expected return on plan assets

 

(1,977

)

 

 

(1,388

)

 

 

(5,869

)

 

 

(4,235

)

Amortization of prior service cost

 

43

 

 

 

41

 

 

 

128

 

 

 

121

 

Recognized actuarial loss

 

539

 

 

 

682

 

 

 

1,616

 

 

 

2,045

 

Net periodic benefit cost

$

1,178

 

 

$

1,780

 

 

$

3,543

 

 

$

5,420

 

Post-Retirement Benefit Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

$

43

 

 

$

40

 

 

$

129

 

 

120

 

Amortization of prior service cost

 

1

 

 

 

1

 

 

 

3

 

 

 

3

 

Recognized actuarial (gain) / loss

 

(3

)

 

 

15

 

 

 

(9

)

 

 

45

 

Net periodic benefit cost

$

41

 

 

$

56

 

 

$

123

 

 

$

168

 

 

The Company made contributions to the defined benefit plans of $5.7 million during the nine months ended June 27, 2014. The Company currently expects total contributions to the defined benefit plans for fiscal year 2014 will be approximately $7.3 million. The Company made contributions to the post-retirement benefit plans of $0.4 million during the nine months ended June 27, 2014. The Company currently expects total contributions to the post-retirement benefit plans for fiscal year 2014 will be approximately $0.5 million.