Retirement Plans (Tables)

9 Months Ended

Jul. 05, 2020

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit cost in each period were as follows (in thousands): 

	Quarter				Year-to-date
	July 5, 2020		July 7, 2019		July 5, 2020		July 7, 2019
Defined benefit pension plans:
Interest cost	$	3,581	$	5,286	$	12,326	$	17,619
Expected return on plan assets (1)	(3,779)		(6,077)		(15,141)		(20,257)
Pension settlements (2)	103		—		39,030		—
Actuarial losses (2)	1,367		914		4,058		3,046
Amortization of unrecognized prior service costs (2)	20		27		65		89
Net periodic benefit cost	$	1,292	$	150	$	40,338	$	497
Postretirement healthcare plans:
Interest cost	$	186	$	229	$	621	$	766
Actuarial losses (gains) (2)	4		(37)		13		(122)
Net periodic benefit cost	$	190	$	192	$	634	$	644

___________________________

(1)Based on a return on asset, net of administrative expenses, assumption of 5.8% determined at the end of fiscal 2019, subsequently updated to 5.9% as of December 31, 2019, 5.2% as of March 31, 2020, and 5.4% as of June 30, 2020, upon remeasurement of the Qualified Plan’s assets and PBO as required by settlement accounting.

(2)Amounts were reclassified from accumulated OCI into net earnings as a component of “Other pension and post-retirement expenses, net

Schedule of Defined Benefit Plan Contribution

Details regarding 2020 contributions are as follows (in thousands):

	SERP		Postretirement Healthcare Plans
Net year-to-date contributions	$	4,070	$	851
Remaining estimated net contributions during fiscal 2020	$	1,301	$	550