Retirement Plans (Tables)

4 Months Ended

Jan. 19, 2020

Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]

Components Of Net Periodic Benefit Cost

The components of net periodic benefit cost in each period were as follows (in thousands): 

	Sixteen Weeks Ended
	January 19, 2020		January 20, 2019
Defined benefit pension plans:
Interest cost	$	5,076	$	7,048
Expected return on plan assets (1)	(6,656)		(8,104)
Pension settlement (2)	38,606		—
Actuarial loss (2)	1,672		1,219
Amortization of unrecognized prior service costs (2)	26		35
Net periodic benefit cost	$	38,724	$	198
Postretirement healthcare plans:
Interest cost	$	248	$	307
Actuarial loss (gain) (2)	6		(49)
Net periodic benefit cost	$	254	$	258

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(1)Based on a return on asset, net of administrative expenses, assumption of 5.8% determined at the end of fiscal 2019, subsequently updated to 5.9% as of December 31, 2019 upon remeasurement of the Qualified Plan’s assets and PBO as required by settlement accounting.

(2)Amounts were reclassified from accumulated OCI into net earnings as a component of “Other pension and post-retirement expenses, net

Schedule Of Defined Benefit Plan Contribution

Future cash flows — Our policy is to fund our plans at or above the minimum required by law. As of January 1, 2019, the date of our last actuarial funding valuation, there was no minimum contribution funding requirement. Details regarding 2020 contributions are as follows (in thousands):

	SERP		Postretirement Healthcare Plans
Net year-to-date contributions	$	1,639	$	386
Remaining estimated net contributions during fiscal 2020	$	3,732	$	1,011