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BENEFIT PLANS
3 Months Ended
May 21, 2011
BENEFIT PLANS  
BENEFIT PLANS

4.              BENEFIT PLANS

 

The following table provides the components of net periodic benefit costs for the Company-sponsored pension plans and other post-retirement benefits for the first quarter of 2011 and 2010.

 

 

 

First Quarter

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

2011

 

2010

 

2011

 

2010

 

Components of net periodic benefit cost: 

 

 

 

 

 

 

 

 

 

Service cost 

 

$

14

 

$

14

 

$

4

 

$

4

 

Interest cost 

 

52

 

52

 

5

 

6

 

Expected return on plan assets 

 

(63

)

(60

)

 

 

Amortization of: 

 

 

 

 

 

 

 

 

 

Prior service cost 

 

 

 

(1

)

(2

)

Actuarial loss (gain) 

 

20

 

16

 

 

(1

)

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost 

 

$

23

 

$

22

 

$

8

 

$

7

 

 

The Company contributed $27 to Company-sponsored pension plans in the first quarter of 2010.

 

The Company contributed $40 and $37 to employee 401(k) retirement savings accounts in the first quarter of 2011 and 2010, respectively.

 

The Company also contributes to various multi-employer pension plans based on obligations arising from most of its collective bargaining agreements. These plans provide retirement benefits to participants based on their service to contributing employers. The Company recognizes expense in connection with these plans as contributions are funded.