XML 36 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
BENEFIT PLANS
4 Months Ended
May 19, 2012
BENEFIT PLANS  
BENEFIT PLANS

3.              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 quarters of 2012 and 2011.

 

 

 

First Quarter

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

2012

 

2011

 

2012

 

2011

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$

16

 

$

14

 

$

5

 

$

4

 

Interest cost

 

49

 

52

 

5

 

5

 

Expected return on plan assets

 

(65

)

(63

)

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

 

(1

)

(1

)

Actuarial loss

 

31

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

31

 

$

23

 

$

9

 

$

8

 

 

The Company contributed $44 and $40 to employee 401(k) retirement savings accounts in the first quarter of 2012 and 2011, 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.