XML 25 R14.htm IDEA: XBRL DOCUMENT v3.3.1.900
Benefit Plans
3 Months Ended
Nov. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Benefit plans
Benefit Plans

We have various pension and other defined benefit and defined contribution plans, in which substantially all employees may participate. We also have non-qualified supplemental executive and Board retirement plans.

Components of net periodic benefit costs for the three months ended November 30, 2015 and 2014 are as follows:
 
Qualified
Pension Benefits
 
Non-Qualified
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Components of net periodic benefit costs for the three months ended November 30 are as follows:
 (Dollars in thousands)
  Service cost
$
9,383

 
$
9,058

 
$
259

 
$
225

 
$
353

 
$
472

  Interest cost
7,693

 
7,014

 
352

 
352

 
427

 
415

  Expected return on assets
(12,014
)
 
(12,438
)
 

 

 

 

  Prior service cost (credit) amortization
402

 
407

 
57

 
57

 
(30
)
 
(30
)
  Actuarial (gain) loss amortization
4,754

 
4,901

 
173

 
261

 
(116
)
 
(105
)
Net periodic benefit cost
$
10,218

 
$
8,942

 
$
841

 
$
895

 
$
634

 
$
752



Employer Contributions

Total contributions to be made during fiscal 2016, will depend primarily on market returns on the pension plan assets and minimum funding level requirements. During the three months ended November 30, 2015, we made no contributions to the pension plans. At this time, we do not anticipate having to make a required contribution for our benefit plans in fiscal 2016, but we may make a voluntary contribution during the fourth quarter of fiscal 2016.