XML 28 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Pension and Savings Plans
3 Months Ended
Nov. 18, 2017
Retirement Benefits [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  

(in thousands)

   November 18,
2017
     November 19,
2016
 

Interest cost

   $ 2,390      $ 2,385  

Expected return on plan assets

     (4,384      (4,628

Amortization of net loss

     2,477        3,201  
  

 

 

    

 

 

 

Net periodic pension expense

   $ 483      $ 958  
  

 

 

    

 

 

 

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 18, 2017, the Company did not make contributions to its funded plan. The Company expects to contribute approximately $20.3 million to the plan during the remainder of fiscal 2018; 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.