Net Periodic Pension and Post-Retirement Costs

3 Months Ended

Nov. 30, 2012

Net Periodic Pension and Post-Retirement Costs

Net Periodic Pension and Post-Retirement Costs

Note 10:  Net Periodic Pension and Post-Retirement Costs

The following schedules provide the components of the Net Periodic Pension and Post-Retirement Costs for the three months ended November 30, 2012 and 2011:

Components of Net Periodic Pension Cost

	For the Three Months Ended
	November 30
(In Thousands)	2012			2011
Service Cost	$	542		$	1,116
Interest Cost	2,201			2,414
Expected Return on Plan Assets	(3,490		)	(3,128		)
Amortization of Prior Service Costs	2			—
Amortization of Net Actuarial Loss	2,415			1,782
Net Periodic Pension Cost	$	1,670		$	2,184

Components of Net Periodic Post-Retirement Cost

	For the Three Months Ended
	November 30
(In Thousands)	2012		2011
Service Cost	$	280	$	160
Interest Cost	382		420
Amortization of Net Actuarial (Gain)/Loss	57		(177		)
Net Periodic Post-Retirement Cost	$	719	$	403

The Company did not make any contributions to the pension plans during the three months ended November 30, 2012 but is anticipating making total contributions of $6.8 million to the pension plans during the remainder of the fiscal year.  The Company has contributed and made benefit payments of approximately $25,000 related to the Supplemental Executive Retirement Plans during the three months ended November 30, 2012.  The Company expects to contribute and make benefit payments totaling approximately $99,000 this fiscal year related to the Supplemental Executive Retirement Plans.

The Company has contributed and made benefit payments of approximately $265,000 related to the post-retirement plans during the three months ended November 30, 2012.  The Company expects to contribute and make benefit payments of approximately $1.3 million related to the post-retirement plans during the current fiscal year.