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BENEFIT PLANS
 6 Months Ended
Aug. 18, 2018
BENEFIT PLANS  
BENEFIT PLANS

4.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 second quarters of 2018 and 2017.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter Ended

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

August 18,

 

August 12,

 

August 18,

 

August 12,

 

 

    

2018

    

2017

    

2018

    

2017

 

Components of net periodic benefit cost: 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost 

 

$

 5

 

$

17

 

$

 2

 

$

 2

 

Interest cost 

 

 

31

 

 

43

 

 

 2

 

 

 2

 

Expected return on plan assets 

 

 

(40)

 

 

(55)

 

 

 —

 

 

 —

 

Amortization of: 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost 

 

 

 —

 

 

 —

 

 

(3)

 

 

(2)

 

Actuarial loss (gain)

 

 

16

 

 

20

 

 

(2)

 

 

(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost 

 

$

12

 

$

25

 

$

(1)

 

$

 —

 

 

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 two quarters of 2018 and 2017.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Two Quarters Ended

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

August 18,

 

August 12,

 

August 18,

 

August 12,

 

 

    

2018

    

2017

    

2018

    

2017

 

Components of net periodic benefit cost: 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost 

 

$

21

 

$

42

 

$

 4

 

$

 5

 

Interest cost 

 

 

73

 

 

98

 

 

 4

 

 

 5

 

Expected return on plan assets 

 

 

(94)

 

 

(128)

 

 

 —

 

 

 —

 

Amortization of: 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost 

 

 

 —

 

 

 —

 

 

(6)

 

 

(4)

 

Actuarial loss (gain)

 

 

41

 

 

46

 

 

(5)

 

 

(5)

 

Curtailment

 

 

 —

 

 

 2

 

 

 —

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost 

 

$

41

 

$

60

 

$

(3)

 

$

 1

 

 

 

Although,  the Company is not required to make any contributions to its company-sponsored pension plans in 2018, in the third quarter of 2018, the Company contributed $185,  $117 net of tax, to the company-sponsored pension plan. This contribution was designated to the 2017 tax year in order to deduct the contributions at the previous year tax rate.  The Company did not make any contributions to its Company-sponsored pension plans in the first two quarters of 2018 or 2017. 

 

The Company contributed $159 and $121 to employee 401(k) retirement savings accounts in the first two quarters of 2018 and 2017, 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.