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Pension and Savings Plans
3 Months Ended
Nov. 17, 2012
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  

(in thousands)

   November 17,
2012
    November 19,
2011
 

Interest cost

   $ 2,659      $ 2,819   

Expected return on plan assets

     (3,083     (2,704

Amortization of net loss

     3,333        2,260   
  

 

 

   

 

 

 

Net periodic pension expense

   $ 2,909      $ 2,375   
  

 

 

   

 

 

 

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 twelve week period ended November 17, 2012, the Company made contributions to its funded plan in the amount of $2.0 million. The Company expects to contribute approximately $6.9 million to the plan during the remainder of fiscal 2013; 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.