NOTE 8 – PENSION PLANS

Net periodic benefit cost includes the following components:

	13 Weeks Ended						26 Weeks Ended
	July 3,			July 4,			July 3,			July 4,
	2011			2010			2011			2010

Interest cost on projected benefit obligation	$	5,455		$	6,099		$	10,919		$	12,199
Expected return on plan assets		(5,857	)		(6,463	)		(11,715	)		(12,926	)
Amortization of prior service costs		-			148			-			296
Amortization of net actuarial losses from prior periods		6,069			4,668			12,142			9,336
Settlement loss		453			-			453			-
Total	$	6,120		$	4,452		$	11,799		$	8,905

As a result of associates retiring in 2011 and electing a lump-sum payment of their pension benefits under our non-qualified retirement plan, we recognized a settlement loss during the second quarter of 2011. A pension settlement is recorded when the total lump sum payments for a year exceed total service and interest costs to be recognized for that year. As part of the settlement, we recognized a pro-rata portion of the unrecognized net losses included in accumulated other comprehensive losses equal to the percentage reduction in the pension benefit obligation. This non-cash charge is included in net periodic benefit cost.