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BENEFIT PLANS
9 Months Ended
Nov. 07, 2015
BENEFIT PLANS  
BENEFIT PLANS

 

5.    BENEFIT PLANS

 

The following table provides the components of net periodic benefit cost for the Company-sponsored defined benefit pension plans and other post-retirement benefit plans for the third quarters of 2015 and 2014.

 

 

 

Third Quarter Ended

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

November 7,
2015

 

November 8,
2014

 

November 7,
2015

 

November 8,
2014

 

Components of net periodic benefit cost: 

 

 

 

 

 

 

 

 

 

Service cost 

 

$

15

 

$

14

 

$

2

 

$

3

 

Interest cost 

 

37

 

41

 

2

 

3

 

Expected return on plan assets 

 

(52

)

(56

)

 

 

Amortization of: 

 

 

 

 

 

 

 

 

 

Prior service cost 

 

 

 

(2

)

(1

)

Actuarial loss (gain)

 

23

 

11

 

(1

)

(2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost 

 

$

23

 

$

10

 

$

1

 

$

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table provides the components of net periodic benefit cost for the Company-sponsored defined benefit pension plans and other post-retirement benefit plans for the first three quarters of 2015 and 2014.

 

 

 

Three Quarters Ended

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

November 7,
2015

 

November 8,
2014

 

November 7,
2015

 

November 8,
2014

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$

50

 

$

38

 

$

8

 

$

9

 

Interest cost

 

127

 

139

 

8

 

10

 

Expected return on plan assets

 

(176

)

(186

)

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

 

(8

)

(5

)

Actuarial loss (gain)

 

78

 

39

 

(4

)

(5

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

79

 

$

30

 

$

4

 

$

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Company contributed $5 to its Company-sponsored defined benefit pension plans in the first three quarters of 2015.  The Company is not required and does not expect to make any additional contributions in 2015.

 

The Company contributed $152 and $144 to employee 401(k) retirement savings accounts in the first three quarters of 2015 and 2014, 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.

 

During the third quarter of 2015, the Company contributed $80 to the United Food and Commercial Workers International Union (“UFCW”) Consolidated Pension Plan, which was recognized as expense.  The Company also incurred a charge of $87 due to commitments and withdrawal liabilities arising from the restructuring of certain multi-employer pension plan obligations during the first quarter of 2014.