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Retirement Plans
3 Months Ended
May. 30, 2015
Retirement Plans  
Retirement Plans

 

10. Retirement Plans

 

Net periodic pension expense recorded in the thirteen week periods ended May 30, 2015 and May 31, 2014, for the Company’s defined benefit plans includes the following components:

 

 

 

Defined Benefit
Pension Plan

 

Nonqualified
Executive
Retirement Plans

 

 

 

Thirteen Week Period Ended

 

 

 

May 30,
2015

 

May 31,
2014

 

May 30,
2015

 

May 31,
2014

 

Service cost

 

$

512

 

$

793

 

$

 

$

 

Interest cost

 

1,633

 

1,631

 

119

 

135

 

Expected return on plan assets

 

(1,593

)

(1,929

)

 

 

Amortization of unrecognized prior service cost

 

17

 

60

 

 

 

Amortization of unrecognized net loss

 

978

 

599

 

 

 

 

 

 

 

 

 

 

 

 

 

Net pension expense

 

$

1,547

 

$

1,154

 

$

119

 

$

135

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the thirteen week period ended May 30, 2015 the Company contributed $377 to the Nonqualified Executive Retirement Plans and $0 to the Defined Benefit Pension Plan. During the remainder of fiscal 2016, the Company expects to contribute $1,173 to the Nonqualified Executive Retirement Plans and $0 to the Defined Benefit Pension Plan.