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BENEFIT PLANS
6 Months Ended
Aug. 12, 2023
BENEFIT PLANS  
BENEFIT PLANS

3.

BENEFIT PLANS

The following table provides the components of net periodic benefit cost (benefit) for the company-sponsored defined benefit pension plans and other postretirement benefit plans for the second quarters of 2023 and 2022:

Second Quarter Ended

 

Pension Benefits

Other Benefits

 

August 12,

August 13,

August 12,

August 13,

 

    

2023

    

2022

    

2023

    

2022

 

Components of net periodic benefit cost (benefit): 

Service cost 

 

$

3

 

$

2

 

$

1

 

$

1

Interest cost 

 

29

 

24

 

2

 

Expected return on plan assets 

 

(35)

 

(35)

 

 

Amortization of: 

Prior service cost 

 

 

 

(3)

 

(3)

Actuarial loss (gain)

 

2

 

6

 

(3)

 

(3)

Net periodic benefit cost (benefit)

 

$

(1)

 

$

(3)

 

$

(3)

 

$

(5)

The following table provides the components of net periodic benefit cost (benefit) for the company-sponsored defined benefit pension plans and other post-retirement benefit plans for the first two quarters of 2023 and 2022:

Two Quarters Ended

 

Pension Benefits

Other Benefits

 

August 12,

August 13,

August 12,

August 13,

 

    

2023

    

2022

    

2023

    

2022

 

Components of net periodic benefit cost (benefit): 

Service cost 

 

$

9

 

$

5

 

$

2

 

$

2

Interest cost 

 

69

 

54

 

3

 

3

Expected return on plan assets 

 

(80)

 

(82)

 

 

Amortization of: 

0

0

Prior service cost 

 

 

 

(6)

 

(7)

Actuarial loss (gain)

 

4

 

14

 

(7)

 

(8)

Net periodic benefit cost (benefit)

 

$

2

 

$

(9)

 

$

(8)

 

$

(10)

The Company is not required to make any contributions to its company-sponsored pension plans in 2023, but may make contributions to the extent such contributions are beneficial to the Company. The Company did not make any significant contributions to its company-sponsored pension plans in the first two quarters of 2023 or 2022.

The Company contributed $179 and $175 to employee 401(k) retirement savings accounts in the first two quarters of 2023 and 2022, respectively.