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Retirement Plans
3 Months Ended
Mar. 31, 2013
Retirement Plans [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]
Retirement Plans

We have an unfunded supplemental executive retirement plan covering certain officers, key members of management and our non-employee directors.  Subject to certain vesting requirements, the plan provides for retirement benefits based on the average of the final thirty-six months of base salary.  Such benefits become payable upon attaining age sixty-five, or upon retirement, if later.  The benefits are paid biweekly and continue for the retiree’s remaining life or for a minimum of ten years. The plan was closed to new participants effective February 3, 2011.

For the thirteen weeks ended March 31, 2013, payments to retirees or their beneficiaries totaled approximately $329,000.  We presently anticipate benefit payments in 2013 to total approximately $1.3 million.  The following table summarizes the components of net periodic pension cost for the first quarter of 2013 and 2012.

(Dollars in thousands)
Thirteen Weeks Ended
 
March 31,
2013
 
March 25,
2012
Service cost
$
67

 
$
61

Interest cost
284

 
304

Net amortization
135

 
66

Net periodic pension cost
$
486

 
$
431