NOTE 6 – PENSION PLANS

Net periodic benefit cost includes the following components:

	13 Weeks Ended
	April 1,			April 3,
	2012			2011

Interest cost	$	5,042		$	5,464
Expected return on plan assets		(5,626	)		(5,858	)
Amortization of net actuarial losses from prior periods		5,785			6,073
Settlement loss		983			-

Total	$	6,184		$	5,679

As a result of associates retiring in 2012 and electing a lump-sum payment of their pension benefits under our non-qualified retirement plan, we recognized a non-cash settlement loss during the first quarter of 2012. 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.