Note 13 – Retirement Benefits

The components of periodic benefit cost for the Corporation’s defined benefit pension and postretirement benefit plans are as follows:


	Defined Benefit Pension
	Three Months Ended						Six months Ended
	August 30,			August 24,			August 30,			August 24,
(In thousands)	2013			2012			2013			2012
Service cost	$	320		$	333		$	640		$	667
Interest cost		1,736			1,839			3,478			3,683
Expected return on plan assets		(1,567	)		(1,609	)		(3,141	)		(3,222	)
Amortization of prior service cost		51			62			102			123
Amortization of actuarial loss		913			815			1,830			1,631

	$	1,453		$	1,440		$	2,909		$	2,882


	Postretirement Benefits
	Three Months Ended						Six months Ended
	August 30,			August 24,			August 30,			August 24,
(In thousands)	2013			2012			2013			2012
Service cost	$	137		$	212		$	275		$	425
Interest cost		612			800			1,225			1,600
Expected return on plan assets		(762	)		(840	)		(1,525	)		(1,680	)
Amortization of prior service credit		(325	)		(519	)		(650	)		(1,038	)
Amortization of actuarial gain		(212	)		—			(425	)		—

	$	(550	)	$	(347	)	$	(1,100	)	$	(693	)

The Corporation has a discretionary profit-sharing plan with a 401(k) provision covering most of its United States employees. The profit-sharing plan expense for the six months ended August 30, 2013 was $4.5 million, compared to $3.4 million in the prior year period. The Corporation also matches a portion of 401(k) employee contributions. The expenses recognized for the three and six month periods ended August 30, 2013 were $1.4 million and $2.7 million ($1.3 million and $2.6 million for the three and six month periods ended August 24, 2012), respectively. The profit-sharing plan and 401(k) matching expenses for the six month periods are estimates as actual contributions are determined after fiscal year-end.

At August 30, 2013, February 28, 2013 and August 24, 2012, the liability for postretirement benefits other than pensions was $17.6 million, $15.7 million and $27.7 million, respectively, and is included in “Other liabilities” on the Consolidated Statement of Financial Position. At August 30, 2013, February 28, 2013 and August 24, 2012, the long-term liability for pension benefits was $86.3 million, $81.4 million and $75.6 million, respectively, and is included in “Other liabilities” on the Consolidated Statement of Financial Position.