Note 8 – Retirement Plan

The Supplemental Employee Retirement Plan 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 30, 2017		March 24, 2016		March 30, 2017		March 24, 2016
Service cost	$	157	$	123	$	473	$	368
Interest cost		203		211		608		633
Amortization of prior service cost		239		239		718		718
Amortization of loss		92		12		274		37

Net periodic benefit cost	$	691	$	585	$	2,073	$	1,756

As described in Note 12 – “Recent Accounting Pronouncements”, upon our adoption of ASU 2017-07 in fiscal 2018, service cost will be presented together with other employee compensation costs and the remainder of net periodic benefit cost will be presented separately, below Income from Operations on the Consolidated Statement of Comprehensive Income.