NOTE 9 – PENSION PLANS

Net periodic benefit cost includes the following components:

	13 Weeks Ended						39 Weeks Ended
	September 30,			October 2,			September 30,			October 2,
	2012			2011			2012			2011
Interest cost on projected benefit obligation	$	5,028		$	5,455		$	15,098		$	16,374
Expected return on plan assets		(5,625	)		(5,858	)		(16,876	)		(17,573	)
Amortization of net actuarial losses		5,773			6,070			17,331			18,212
Settlement loss		-			-			983			453
Total	$	5,176		$	5,667		$	16,536		$	17,466

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.