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4. Pension Plans
6 Months Ended
Jan. 25, 2014
Notes  
4. Pension Plans

4. PENSION PLANS

 

            The Company sponsors four defined benefit pension plans.  Net periodic pension costs for the four plans includes the following components:

 

13 Weeks Ended

13 Weeks Ended

26 Weeks Ended

26 Weeks Ended

January 25, 2014

January 26, 2013

January 25, 2014

January 26, 2013

Service cost

 $730

 $818

 $1,460

 $1,636

Interest cost on projected benefit obligations

 694

 618

 1,388

 1,236

Expected return on plan assets

 (797)

 (694)

 (1,594)

 (1,388)

Amortization of gains and losses

 201

 529

 402

 1,058

Amortization of prior service costs

 -

 2

 -

 4

Net periodic pension cost

 $828

 $1,273

 $1,656

 $2,546

 

As of January 25, 2014, the Company has contributed $128 to its pension plans in fiscal 2014.  The Company expects to contribute approximately $3,000 during fiscal 2014 to fund its pension plans.