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Retirement Plans
3 Months Ended
Jun. 02, 2018
Retirement Plans  
Retirement Plans

 

11. Retirement Plans

 

Net periodic pension expense recorded in the thirteen week periods ended June 2, 2018 and June 3, 2017, for the Company’s defined benefit plan includes the following components:

 

 

 

Defined Benefit
Pension Plan

 

 

 

Thirteen Week Period Ended

 

 

 

June 2,
2018

 

June 3,
2017

 

Service cost

 

$

312

 

$

346

 

Interest cost

 

1,578

 

1,603

 

Expected return on plan assets

 

(1,434

)

(1,147

)

Amortization of unrecognized prior service cost

 

 

 

Amortization of unrecognized net loss

 

507

 

856

 

 

 

 

 

 

 

Net periodic pension expense

 

$

963

 

$

1,658

 

 

 

 

 

 

 

 

 

 

During the thirteen week period ended June 2, 2018 the Company contributed $813 to the Defined Benefit Pension Plan. During the remainder of fiscal 2018, the Company expects to contribute $3,800 to the Defined Benefit Pension Plan.