NOTE 8 – PENSION PLANS

Net periodic benefit cost includes the following components:

	13 Weeks Ended						26 Weeks Ended
	July 1,			July 3,			July 1,			July 3,
	2012			2011			2012			2011
Interest cost on projected benefit obligation	$	5,028		$	5,455		$	10,070		$	10,919
Expected return on plan assets		(5,625	)		(5,857	)		(11,251	)		(11,715	)
Amortization of net actuarial losses		5,773			6,069			11,558			12,142
Settlement loss		-			453			983			453
Total	$	5,176		$	6,120		$	11,360		$	11,799

As a result of associates retiring and electing a lump-sum payment of their pension benefits under our non-qualified retirement plan, we recognized non-cash settlement losses. 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 settlements, 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.