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Pension and Savings Plans
3 Months Ended
Nov. 19, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension and Savings Plans

Note G – Pension and Savings Plans

The components of net periodic pension expense related to the Company’s pension plans consisted of the following:

 

     Twelve Weeks Ended  

(in thousands)

   November 19,
2016
     November 21,
2015
 

Interest cost

   $ 2,385       $ 2,601   

Expected return on plan assets

     (4,628      (3,810

Amortization of net loss

     3,201         2,424   
  

 

 

    

 

 

 

Net periodic pension expense

   $ 958       $ 1,215   
  

 

 

    

 

 

 

The Company makes contributions in amounts at least equal to the minimum funding requirements of the Employee Retirement Income Security Act of 1974, as amended by the Pension Protection Act of 2006. During the twelve week period ended November 19, 2016, the Company did not make contributions to its funded plan. The Company expects to contribute approximately $17.5 million to the plan during the remainder of fiscal 2017; however, a change to the expected cash funding may be impacted by a change in interest rates, a change in the actual or expected return on plan assets or through other plans initiated by management.