Note 8 – Retirement Plan

The Supplemental Employee Retirement Plan (the “SERP”) is an unfunded, non-qualified deferred compensation plan that will provide eligible participants with monthly benefits upon retirement, disability or death, subject to certain conditions. The monthly benefit is based upon each participant’s earnings and his or her number of years of service. Administrative expenses include the following net periodic benefit costs:


	For the Quarter Ended				For the Thirty-nine Weeks Ended
	March 24, 2016		March 26, 2015		March 24, 2016		March 26, 2015
Service cost	$	123	$	96	$	368	$	289
Interest cost		211		161		633		482
Amortization of prior service cost		239		239		718		718
Amortization of loss		12		—		37		—

Net periodic benefit cost	$	585	$	496	$	1,756	$	1,489