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4. Pension Plans
9 Months Ended
Apr. 26, 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

39 Weeks Ended

39 Weeks Ended

April 26, 2014

April 27, 2013

April 26, 2014

April 27, 2013

Service cost

 $730

 $818

 $2,190

 $2,454

Interest cost on projected benefit obligations

 694

 618

 2,082

 1,854

Expected return on plan assets

 (797)

 (694)

 (2,391)

 (2,082)

Amortization of gains and losses

 201

 529

 603

 1,587

Amortization of prior service costs

 -

 2

 -

 6

Net periodic pension cost

 $828

 $1,273

 $2,484

 $3,819

 

As of April 26, 2014, the Company has contributed $178 to its pension plans in fiscal 2014.  The Company expects to contribute approximately $3,000 during fiscal 2014 to fund its pension plans.