Note 8 - Pension and Post Retirement Benefits

9 Months Ended

Mar. 31, 2012

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 8:                      Pension and Post Retirement Benefits

Net periodic benefit costs for the Company's defined benefit pension plans consist of the following (in thousands):

	Three Months Ended						Nine Months Ended
	3/31/2012			3/26/2011			3/31/2012			3/26/2011
Service cost	$	573		$	575		$	1,720		$	1,724
Interest cost		1,656			1,618			4,970			4,847
Expected return on plan assets		(1,654	)		(1,820	)		(4,962	)		(5,454	)
Amortization of prior service cost		59			(1	)		176			(3	)
Amortization of net gain		(1	)		-			(3	)		(1	)
	$	633		$	372		$	1,901		$	(1,113	)

Net periodic benefit costs for the Company's postretirement medical plan consists of the following (in thousands):

	Three Months Ended						Nine Months Ended
	3/31/2012			3/26/2011			3/31/2012			3/26/2011
Service cost	$	96		$	92		$	288		$	276
Interest cost		155			151			467			453
Amortization of prior service benefit		(226	)		(226	)		(679	)		(679	)
Amortization of unrecognized actuarial loss		4			7			14			21
	$	29		$	24		$	90		$	71

The Company’s pension plans use fair value as the market-related value of plan assets and recognize actuarial gains or losses in other comprehensive income/(loss).  Net actuarial gains or losses in excess of ten percent (10%) of the greater of the market-related value of plan assets or of the plans’ projected benefit obligation will be recognized in net periodic (benefit) cost as of the plan measurement date, which is the same as the fiscal year end of the Company.