Note 8 - Retirement Plans

9 Months Ended

Dec. 28, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

8 . Retirement Plans

The net periodic benefit cost for the Company’s pension plan consisted of:

	Three Months Ended						Nine Months Ended
	December 28, 2019			December 29, 2018			December 28, 2019			December 29, 2018
	(In thousands)
Service Cost	$	2,283		$	1,831		$	6,848		$	6,716
Interest Cost		2,316			2,362			6,947			6,848
Expected Return on Plan Assets		(3,957	)		(3,593	)		(11,870	)		(10,785	)
Amortization of Prior Service Cost		30			30			90			90
Amortization of Net Loss		29			593			87			1,198
Net Periodic Benefit Cost	$	701		$	1,223		$	2,102		$	4,067

There were

no

contributions to the pension plan in the

three

and

nine

month periods ended

December 28, 2019

and

December 29, 2018,

respectively.

Effective

January 1, 2020,

the Company closed its defined benefit pension plan to new participants. Employees excluded from the pension plan have a

3%

match opportunity in the

401

(k) plan.