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Retirement Plans
4 Months Ended
Jan. 19, 2014
Pension and Other Postretirement Benefit Expense [Abstract]  
Retirement Plans
RETIREMENT PLANS
Defined benefit pension plans — We sponsor two defined benefit pension plans: a qualified plan covering substantially all full-time employees hired prior to January 1, 2011, and an unfunded supplemental executive plan which provides certain employees additional pension benefits and was closed to new participants effective January 1, 2007. In fiscal 2011, the Board of Directors approved changes to our qualified plan whereby participants will no longer accrue benefits under this plan effective December 31, 2015. Benefits under both plans are based on the employees’ years of service and compensation over defined periods of employment.
Postretirement healthcare plans — We also sponsor two healthcare plans, closed to new participants, that provide postretirement medical benefits to certain employees who have met minimum age and service requirements. The plans are contributory, with retiree contributions adjusted annually, and contain other cost-sharing features such as deductibles and coinsurance.
Net periodic benefit cost — The components of net periodic benefit cost in each period were as follows (in thousands): 
  
Sixteen Weeks Ended
  
January 19,
2014
 
January 20,
2013
Defined benefit pension plans:
 
 
 
Service cost
$
2,499

 
$
3,308

Interest cost
7,152

 
6,963

Expected return on plan assets
(7,536
)
 
(6,989
)
Actuarial loss
1,364

 
5,488

Amortization of unrecognized prior service cost
83

 
83

Net periodic benefit cost
$
3,562

 
$
8,853

Postretirement healthcare plans:
 
 
 
Interest cost
$
504

 
$
488

Actuarial loss
167

 
243

Net periodic benefit cost
$
671

 
$
731


Future cash flows — Our policy is to fund our plans at or above the minimum required by law. As of the date of our last actuarial funding valuation, there was no minimum contribution funding requirement. Details regarding fiscal 2014 contributions are as follows (in thousands):
 
Defined Benefit
Pension Plans
 
Postretirement
Healthcare Plans
Net year-to-date contributions
$
6,269

 
$
289

Remaining estimated net contributions during fiscal 2014
$
18,100

 
$
1,100


We will continue to evaluate contributions to our qualified defined benefit pension plan based on changes in pension assets as a result of asset performance in the current market and economic environment.