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BENEFIT PLANS
6 Months Ended
Aug. 13, 2011
BENEFIT PLANS  
BENEFIT PLANS

5.              BENEFIT PLANS

 

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

 

 

 

Second Quarter

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

2011

 

2010

 

2011

 

2010

 

Components of net periodic benefit cost: 

 

 

 

 

 

 

 

 

 

Service cost 

 

$

12

 

$

10

 

$

3

 

$

3

 

Interest cost 

 

41

 

38

 

5

 

4

 

Expected return on plan assets 

 

(48

)

(45

)

 

 

Amortization of: 

 

 

 

 

 

 

 

 

 

Prior service cost 

 

 

 

(2

)

(1

)

Actuarial loss 

 

16

 

12

 

(1

)

(1

)

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost 

 

$

21

 

$

15

 

$

5

 

$

5

 

 

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

 

 

 

Year-To-Date

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

2011

 

2010

 

2011

 

2010

 

Components of net periodic benefit cost: 

 

 

 

 

 

 

 

 

 

Service cost 

 

$

26

 

$

22

 

$

7

 

$

7

 

Interest cost 

 

93

 

89

 

10

 

10

 

Expected return on plan assets 

 

(111

)

(106

)

 

 

Amortization of: 

 

 

 

 

 

 

 

 

 

Prior service cost 

 

 

 

(3

)

(3

)

Actuarial loss 

 

36

 

29

 

(1

)

(2

)

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost 

 

$

44

 

$

34

 

$

13

 

$

12

 

 

The Company contributed $99 to Company-sponsored defined benefit pension plans in the first two quarters of 2010.  The Company did not make any contributions to Company-sponsored defined benefit pension plans in the first two quarters of 2011.  In the third quarter of 2011, the Company expects to contribute approximately $52 to these plans.

 

The Company contributed $70 and $65 to employee 401(k) retirement savings accounts in the first two quarters 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.