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Benefit Plans
9 Months Ended
May 31, 2020
Retirement Benefits [Abstract]  
Benefit plans
Benefit Plans

We have various pension and other defined benefit and defined contribution plans, in which substantially all employees may participate. We also have nonqualified supplemental executive and Board retirement plans.

Components of net periodic benefit costs for the three and nine months ended May 31, 2020, and 2019, are as follows:
 
Three Months Ended May 31,
 
Qualified
Pension Benefits
 
Nonqualified
Pension Benefits
 
Other Benefits
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
Components of net periodic benefit costs:
 (Dollars in thousands)
Service cost
$
10,538

 
$
9,648

 
$
101

 
$
78

 
$
262

 
$
263

Interest cost
5,431

 
7,099

 
107

 
186

 
187

 
274

Expected return on assets
(11,671
)
 
(11,242
)
 

 

 

 

Prior service cost (credit) amortization
45

 
42

 
(28
)
 
(19
)
 
(111
)
 
(139
)
Actuarial loss (gain) amortization
5,396

 
3,087

 
25

 
1

 
(348
)
 
(407
)
Net periodic benefit cost
$
9,739

 
$
8,634

 
$
205

 
$
246

 
$
(10
)
 
$
(9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended May 31,
 
Qualified
Pension Benefits
 
Nonqualified
Pension Benefits
 
Other Benefits
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
Components of net periodic benefit costs:
 (Dollars in thousands)
Service cost
$
31,613

 
$
28,944

 
$
304

 
$
233

 
$
787

 
$
790

Interest cost
16,292

 
21,297

 
322

 
560

 
560

 
821

Expected return on assets
(35,013
)
 
(33,726
)
 

 

 

 

Prior service cost (credit) amortization
134

 
127

 
(85
)
 
(56
)
 
(334
)
 
(417
)
Actuarial loss (gain) amortization
16,187

 
9,261

 
74

 
2

 
(1,044
)
 
(1,221
)
Settlement loss

 
169

 

 

 

 

Net periodic benefit cost
$
29,213

 
$
26,072

 
$
615

 
$
739

 
$
(31
)
 
$
(27
)


The service cost component of defined benefit net periodic benefit cost is recorded in cost of goods sold and marketing, general and administrative expenses. The other components of net periodic benefit cost are recorded in other income.

Employer Contributions

Any contributions made during fiscal 2020 will depend primarily on market returns on the pension plan assets and minimum funding level requirements. No contributions were made to the pension plans during the nine months ended May 31, 2020, and we do not currently anticipate being required to make contributions for our pension plans in fiscal 2020.