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BENEFIT PLANS
6 Months Ended
Aug. 17, 2019
COMPANY-SPONSORED BENEFIT PLANS  
BENEFIT PLANS

3.

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 2019 and 2018.

Second Quarter Ended

Pension Benefits

Other Benefits

August 17,

August 18,

August 17,

August 18,

    

2019

    

2018

    

2019

    

2018

Components of net periodic benefit cost: 

Service cost 

 

$

7

 

$

5

 

$

2

 

$

2

Interest cost 

 

32

 

31

 

2

 

2

Expected return on plan assets 

 

(41)

 

(40)

 

 

Amortization of: 

Prior service cost 

 

 

 

(2)

 

(3)

Actuarial loss (gain)

 

15

 

16

 

(2)

 

(2)

Net periodic benefit cost 

 

$

13

 

$

12

 

$

 

$

(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 2019 and 2018.

Two Quarters Ended

Pension Benefits

Other Benefits

August 17,

August 18,

August 17,

August 18,

    

2019

    

2018

    

2019

    

2018

Components of net periodic benefit cost: 

Service cost 

 

$

17

 

$

21

 

$

4

 

$

4

Interest cost 

 

73

 

73

 

4

 

4

Expected return on plan assets 

 

(97)

 

(94)

 

 

Amortization of: 

Prior service cost 

 

 

 

(5)

 

(6)

Actuarial loss (gain)

 

31

 

41

 

(5)

 

(5)

Net periodic benefit cost 

 

$

24

 

$

41

 

$

(2)

 

$

(3)

The Company is not required to make any contributions to its company-sponsored pension plans in 2019, but may make contributions to the extent such contributions are beneficial to the Company. The Company did not make any contributions to its company-sponsored pension plans in the first two quarters of 2019 or 2018.

The Company contributed $173 and $159 to employee 401(k) retirement savings accounts in the first two quarters of 2019 and 2018, 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 first two quarters of 2019, the Company incurred charges totaling $86, $66 net of tax, due to obligations related to withdrawal liabilities for certain multi-employer pension funds. The charges were recorded in the OG&A caption in the Consolidated Statements of Operations.

Additionally, during the second quarter of 2019, the Company sold an unused warehouse. The gain on the sale was used to contribute a similar amount into the UFCW Consolidated Pension Plan.