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BENEFIT PLANS
6 Months Ended
Aug. 17, 2013
BENEFIT PLANS  
BENEFIT PLANS

4.              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 quarters of 2013 and 2012.

 

 

 

Second Quarter Ended

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

August 17,
2013

 

August 11,
2012

 

August 17,
2013

 

August 11,
2012

 

Components of net periodic benefit cost: 

 

 

 

 

 

 

 

 

 

Service cost 

 

$

8

 

$

9

 

$

4

 

$

4

 

Interest cost 

 

35

 

35

 

4

 

4

 

Expected return on plan assets 

 

(52

)

(48

)

 

 

Amortization of: 

 

 

 

 

 

 

 

 

 

Prior service cost 

 

 

 

(1

)

(1

)

Actuarial loss 

 

24

 

21

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost 

 

$

15

 

$

17

 

$

7

 

$

7

 

 

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 2013 and 2012.

 

 

 

Two Quarters Ended

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

August 17,
2013

 

August 11,
2012

 

August 17,
2013

 

August 11,
2012

 

Components of net periodic benefit cost: 

 

 

 

 

 

 

 

 

 

Service cost 

 

$

23

 

$

25

 

$

9

 

$

9

 

Interest cost 

 

83

 

84

 

9

 

9

 

Expected return on plan assets 

 

(121

)

(113

)

 

 

Amortization of: 

 

 

 

 

 

 

 

 

 

Prior service cost 

 

 

 

(2

)

(2

)

Actuarial loss 

 

55

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost 

 

$

40

 

$

48

 

$

16

 

$

16

 

 

The Company contributed $100 to its Company-sponsored defined benefit pension plans in the first quarter of 2013.  The Company did not make any contributions in the second quarter of 2013 and does not expect to make any additional contributions in 2013.

 

The Company contributed $80 and $77 to employee 401(k) retirement savings accounts in the first two quarters of 2013 and 2012, 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.