Employee Benefit Plans

9 Months Ended

Jul. 31, 2014

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

Components of the net periodic benefit cost for our defined benefit pension plans and our other postretirement employee benefits (OPEB) plan for the three months ended July 31, 2014 and 2013 are presented below.

	Qualified Pension						Nonqualified Pension				Other Benefits
In thousands	2014			2013			2014		2013		2014			2013
Service cost	$	2,600		$	2,704		$	—	$	—	$	277		$	332
Interest cost	2,950			2,509			45		39		362			282
Expected return on plan assets	(5,475		)	(5,229		)	—		—		(457		)	(416		)
Amortization of transition obligation	—			—			—		—		—			167
Amortization of prior service (credit) cost	(550		)	(548		)	20		21		—			—
Amortization of actuarial loss	2,025			2,901			12		40		—			—
Total	$	1,550		$	2,337		$	77	$	100	$	182		$	365

Components of the net periodic benefit cost for our defined benefit pension plans and our OPEB plan for the nine months ended July 31, 2014 and 2013 are presented below.

	Qualified Pension						Nonqualified Pension				Other Benefits
In thousands	2014			2013			2014		2013		2014			2013
Service cost	$	8,100		$	9,004		$	—	$	—	$	831		$	995
Interest cost	8,850			7,459			135		118		1,086			848
Expected return on plan assets	(16,875		)	(15,829		)	—		—		(1,372		)	(1,247		)
Amortization of transition obligation	—			—			—		—		—			500
Amortization of prior service (credit) cost	(1,650		)	(1,648		)	61		61		—			—
Amortization of actuarial loss	5,775			8,401			35		120		—			—
Total	$	4,200		$	7,387		$	231	$	299	$	545		$	1,096

In November 2013, we contributed $20 million to the qualified pension plan, and in January 2014, we contributed $.9 million to the money purchase pension plan. During the nine months ended July 31, 2014, we contributed $.3 million to the nonqualified pension plans. We anticipate that we will contribute the following additional amounts to our plans during the fourth quarter of 2014.

In thousands
Nonqualified pension plans	$	112
OPEB plan	1,500

We have a non-qualified defined contribution restoration plan (DCR plan) for all officers at the vice president level and above where benefits payable under the plan are funded annually. For the nine months ended July 31, 2014, we contributed $.5 million to this plan. Participants may not contribute to the DCR plan. We have a voluntary deferral plan for the benefit of all director-level employees and officers, where we make no contributions to this plan. Both deferred compensation plans are funded through rabbi trusts with a bank as the trustee. As of July 31, 2014, we have a liability of $4.3 million for these plans.

See Note 7 and Note 8 to the condensed consolidated financial statements in this Form 10-Q for information on the investments in marketable securities that are held in the trusts.