PENSION AND OTHER POST-RETIREMENT BENEFITS

6 Months Ended

May 01, 2011

PENSION AND OTHER POST-RETIREMENT BENEFITS

PENSION AND OTHER POST-RETIREMENT BENEFITS

NOTE J PENSION AND OTHER POST-RETIREMENT BENEFITS

Net periodic benefit cost for pension and other post-retirement benefit plans consists of the following:

	Pension Benefits
	Three Months Ended						Six Months Ended
	May 1, 2011			April 25, 2010			May 1, 2011			April 25, 2010
(in thousands)
Service cost	$	6,051		$	5,392		$	12,103		$	10,783
Interest cost	12,571			11,794			25,141			23,588
Expected return on plan assets	(15,748		)	(13,522		)	(31,495		)	(27,044		)
Amortization of prior service cost	(151		)	(149		)	(303		)	(298		)
Recognized actuarial loss	4,158			3,880			8,316			7,761
Settlement charge	—			1,267			—			1,267
Curtailment charge	—			55			—			55
Net periodic cost	$	6,881		$	8,717		$	13,762		$	16,112

	Post-retirement Benefits
	Three Months Ended					Six Months Ended
	May 1, 2011			April 25, 2010		May 1, 2011			April 25, 2010
(in thousands)
Service cost	$	543		$	594	$	1,085		$	1,188
Interest cost	4,683			5,063		9,366			10,126
Amortization of prior service cost	1,074			1,053		2,193			2,152
Recognized actuarial (gain) loss	(1		)	583		(2		)	1,166
Net periodic cost	$	6,299		$	7,293	$	12,642		$	14,632

In the second quarter of fiscal year 2010, coincident with the Company’s decision to close its Turlock, California facility, it also commenced the process to terminate the defined benefit pension plan for the employees at that facility.  The fiscal 2010 settlement and curtailment charges noted above are related to that plan termination.