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Pension and Savings Plans
6 Months Ended
Feb. 11, 2012
Pension and Savings Plans [Abstract]  
Pension and Savings Plans

Note G – Pension and Savings Plans

The components of net periodic pension expense related to the Company’s pension plans consisted of the following:

 

                                 
    Twelve Weeks Ended     Twenty-Four Weeks Ended  

(in thousands)

  February 11,
2012
    February 12,
2011
    February 11,
2012
    February 12,
2011
 
         

Interest cost

  $ 2,819     $ 2,570     $ 5,637     $ 5,139  

Expected return on plan assets

    (2,704     (2,152     (5,408     (4,304

Amortization of net loss

    2,260       2,170       4,521       4,341  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic pension expense

  $ 2,375     $ 2,588     $ 4,750     $ 5,176  
   

 

 

   

 

 

   

 

 

   

 

 

 

The Company makes contributions in amounts at least equal to the minimum funding requirements of the Employee Retirement Income Security Act of 1974, as amended by the Pension Protection Act of 2006. During the twenty-four week period ended February 11, 2012, the Company made contributions to its funded plan in the amount of $2.6 million. The Company expects to contribute approximately $14.1 million to the plan during the remainder of fiscal 2012; however, a change to the expected cash funding may be impacted by a change in interest rates or a change in the actual or expected return on plan assets.