Pension and Savings Plans

5 Months Ended

Feb. 11, 2017

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 11, 2017			February 13, 2016			February 11, 2017			February 13, 2016
Interest cost	$	2,385		$	2,601		$	4,770		$	5,202
Expected return on plan assets		(4,628	)		(3,810	)		(9,257	)		(7,620	)
Amortization of net loss		3,201			2,424			6,403			4,848
Net periodic pension expense	$	958		$	1,215		$	1,916		$	2,430

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, 2017, the Company did not make contributions to its funded plan. The Company expects to contribute approximately $17.5 million to the plan during the remainder of fiscal 2017; however, a change to the expected cash funding may be impacted by a change in interest rates, a change in the actual or expected return on plan assets or through other plans initiated by management.