Retirement Plans

6 Months Ended

Sep. 02, 2023

Retirement Plans

Retirement Plans

12. Retirement Plans

Net periodic pension expense (income) for the thirteen and twenty-six week periods ended September 2, 2023 and August 27, 2022, for the Company’s defined benefit plan includes the following components:

	Defined Benefit				Defined Benefit
	Pension Plan				Pension Plan
	Thirteen Week Period Ended				Twenty-Six Week Period Ended
	September 2,		August 27,		September 2,		August 27,
	2023		2022		2023		2022
Service cost	$	73	$	107	$	146	$	214
Interest cost		1,581		1,263		3,162		2,527
Expected return on plan assets		(1,474)		(1,402)		(2,948)		(2,804)
Net periodic pension expense (income)	$	180	$	(32)	$	360	$	(63)

The Company is not required to make any contributions to its company-sponsored pension plans in fiscal 2024 but may make contributions to the extent such contributions are beneficial to the Company. The Company did not make any contributions to its company-sponsored pension plans in the first half of fiscal 2024.