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Pension and Savings Plans
9 Months Ended
May 10, 2014
Compensation And Retirement Disclosure [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     Thirty-Six Weeks Ended  

(in thousands)

   May 10,
2014
    May 4,
2013
    May 10,
2014
    May 4,
2013
 

Interest cost

   $ 3,016      $ 2,659      $ 9,048      $ 7,977   

Expected return on plan assets

     (3,550     (3,083     (10,650     (9,249

Amortization of net loss

     1,587        3,333        4,761        9,999   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic pension expense

   $ 1,053      $ 2,909      $ 3,159      $ 8,727   
  

 

 

   

 

 

   

 

 

   

 

 

 

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 thirty-six week period ended May 10, 2014, the Company made contributions to its funded plan in the amount of $2.9 million. The Company expects to contribute approximately $13.8 million to the plan during the remainder of fiscal 2014; 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.