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Pension and Savings Plans
6 Months Ended
Feb. 14, 2015
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      Twenty-Four Weeks Ended  

(in thousands)

   February 14,
2015
     February 15,
2014
     February 14,
2015
     February 15,
2014
 

Interest cost

   $ 2,847       $ 3,016       $ 5,694       $ 6,032   

Expected return on plan assets

     (3,757      (3,550      (7,514      (7,100

Amortization of net loss

     2,063         1,587         4,127         3,174   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic pension expense

$ 1,153    $ 1,053    $ 2,307    $ 2,106   
  

 

 

    

 

 

    

 

 

    

 

 

 

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 14, 2015, the Company made contributions to its funded plan in the amount of $2.4 million. The Company expects to contribute approximately $14.5 million to the plan during the remainder of fiscal 2015; 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.