Retirement Plans

3 Months Ended

Jun. 03, 2023

Retirement Plans

Retirement Plans

12. Retirement Plans

Net periodic pension expense (income) for the thirteen week periods ended June 3, 2023 and May 28, 2022, for the Company’s defined benefit plan includes the following components:

	Defined Benefit
	Pension Plan
	Thirteen Week Period Ended
	June 3,		May 28,
	2023		2022
Service cost	$	73	$	107
Interest cost		1,581		1,264
Expected return on plan assets		(1,474)		(1,402)
Net periodic pension expense	$	180	$	(31)

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 quarter of fiscal 2024.