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Retirement Plans
6 Months Ended
Aug. 29, 2015
Retirement Plans  
Retirement Plans

 

12. Retirement Plans

 

Net periodic pension expense recorded in the thirteen and twenty- six week periods ended August 29, 2015 and August 30, 2014, for the Company’s defined benefit plans includes the following components:

 

 

 

Defined Benefit
Pension Plan

 

Nonqualified
Executive Retirement
Plans

 

Defined Benefit
Pension Plan

 

Nonqualified
Executive Retirement
Plans

 

 

 

Thirteen Week Period Ended

 

Twenty-Six Week Period Ended

 

 

 

August 29,
2015

 

August 30,
2014

 

August 29,
2015

 

August 30,
2014

 

August 29,
2015

 

August 30,
2014

 

August 29,
2015

 

August 30,
2014

 

Service cost

 

$

513

 

$

792

 

$

 

$

 

$

1,025

 

$

1,585

 

$

 

$

 

Interest cost

 

1,634

 

1,631

 

119

 

135

 

3,267

 

3,262

 

237

 

270

 

Expected return on plan assets

 

(1,593

)

(1,929

)

 

 

(3,186

)

(3,858

)

 

 

Amortization of unrecognized prior service cost

 

18

 

60

 

 

 

34

 

120

 

 

 

Amortization of unrecognized net loss

 

978

 

600

 

 

 

1,957

 

1,199

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net pension expense

 

$

1,550

 

$

1,154

 

$

119

 

$

135

 

$

3,097

 

$

2,308

 

$

237

 

$

270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the thirteen and twenty-six week periods ended August 29, 2015 the Company contributed $395 and $772, respectively, 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 $769 to the Nonqualified Executive Retirement Plans and $0 to the Defined Benefit Pension Plan.