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Retirement Plans
 9 Months Ended
Jun. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Retirement Plans
Retirement Plans
The Company has a Noncontributory Defined Benefit Pension Plan (the “Plan”) covering substantially all non-union employees. The Plan provides for benefits based on an employee’s compensation during the eligibility period while employed with the Company. The Company’s funding policy for the Plan is to contribute annually at a rate that is intended to provide sufficient assets to meet future benefit payment requirements. The Plan’s investments are recorded at fair value and include cash, which earns interest, governmental securities and corporate bonds and securities.
The following table provides the components of net periodic pension expense:
 
 
Thirteen Weeks Ended

Thirty-Nine Weeks
 
Jun 24,
2012

 
Jun 30,
2013

 
Jun 24,
2012

 
Jun 30,
2013

 
(in thousands)
Expected return on assets
$
(1,024
)
 
$
(1,150
)
 
$
(3,071
)
 
$
(3,502
)
Service cost
975

 
1,209

 
2,926

 
3,667

Interest cost
1,092

 
1,130

 
3,275

 
3,359

Amortization of prior service cost
—

 
—

 
2

 
2

Amortization of recognized losses
528

 
789

 
1,585

 
2,240

Net pension expense
$
1,571

 
$
1,978

 
$
4,717

 
$
5,766

Actuarial assumptions used to determine net pension expense were:
 
 
 
 
 
 
 
Discount rate
4.50
%
 
3.70
%
 
4.50
%
 
3.70
%
Rate of increase in compensation levels
3.00
%
 
3.00
%
 
3.00
%
 
3.00
%
Expected long-term rate of return on assets
6.50
%
 
6.00
%
 
6.50
%
 
6.00
%


The Company contributed approximately $2.6 million to the Plan in the thirty-nine weeks ended June 30, 2013 and the Company expects to contribute an additional $5.0 million during the remainder of fiscal 2013.