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Retirement Plans
6 Months Ended
Sep. 02, 2017
Retirement Plans  
Retirement Plans

 

12. Retirement Plans

 

Net periodic pension expense recorded in the thirteen and twenty-six week periods ended September 2, 2017 and August 27, 2016, for the Company’s defined benefit plan includes the following components:

 

 

 

Defined Benefit
Pension Plan

 

Defined Benefit
Pension Plan

 

 

 

Thirteen Week Period Ended

 

Twenty-Six Week Period Ended

 

 

 

September 2,
2017

 

August 27,
2016

 

September 2,
2017

 

August 27,
2016

 

Service cost

 

$

346

 

$

292

 

$

692

 

$

584

 

Interest cost

 

1,603

 

1,621

 

3,206

 

3,242

 

Expected return on plan assets

 

(1,147

)

(1,142

)

(2,294

)

(2,284

)

Amortization of unrecognized prior service cost

 

 

 

 

 

Amortization of unrecognized net loss

 

857

 

1,132

 

1,713

 

2,264

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension expense

 

$

1,659

 

$

1,903

 

$

3,317

 

$

3,806

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the thirteen and twenty-six week period ended September 2, 2017 the Company contributed $0 to the Defined Benefit Pension Plan. During the remainder of fiscal 2018, the Company expects to contribute $4,900 to the Defined Benefit Pension Plan.