Retirement Plan

3 Months Ended

Dec. 29, 2013

Compensation and Retirement Disclosure [Abstract]

Retirement Plan

Retirement Plan

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
	Dec. 30, 2012			Dec. 29, 2013
	(in thousands)
Expected return on assets	$	(1,175	)	$	(1,333	)
Service cost	1,222			1,036
Interest cost	1,120			1,257
Amortization of prior service cost	1			1
Amortization of recognized losses	747			298
Net pension expense	$	1,915		$	1,259

Actuarial assumptions used to determine net pension expense were:
Discount rate	3.70	%	4.70	%
Rate of increase in compensation levels	3.08	%	3.08	%
Expected long-term rate of return on assets	6.00	%	6.00	%

The Company expects to contribute an additional $4.0 million to the Plan during the remainder of fiscal 2014.