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Retirement Plans
 3 Months Ended
May 28, 2016
Retirement Plans  
Retirement Plans

 

12. Retirement Plans

 

Net periodic pension expense recorded in the thirteen week periods ended May 28, 2016 and May 30, 2015, for the Company’s defined benefit plans includes the following components:

 

 

 

Defined Benefit
Pension Plan

 

Nonqualified
Executive
Retirement Plans

 

 

 

Thirteen Week Period Ended

 

 

 

May 28,
2016

 

May 30,
2015

 

May 28,
2016

 

May 30,
2015

 

Service cost

 

$
292

 

$
512

 

$

—

 

$

—

 

Interest cost

 
1,621

 
1,633

 
109

 
119

 

Expected return on plan assets

 
(1,142

)
(1,593

)

—

 

—

 

Amortization of unrecognized prior service cost

 

—

 
17

 

—

 

—

 

Amortization of unrecognized net loss

 
1,132

 
978

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Net pension expense

 

$
1,903

 

$
1,547

 

$
109

 

$
119

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the thirteen week period ended May 28, 2016 the Company contributed $362 to the Nonqualified Executive Retirement Plans and $0 to the Defined Benefit Pension Plan. During the remainder of fiscal 2017, the Company expects to contribute $1,142 to the Nonqualified Executive Retirement Plans and $0 to the Defined Benefit Pension Plan.