v2.4.0.6
Employee Retirement Plans
3 Months Ended
Sep. 29, 2012
Employee Retirement Plans

10. Employee Retirement Plans

The Company expects to make payments in the aggregate of $1,608 during fiscal 2013 to the funded, qualified associates’ retirement plan (“ARP”) and to meet its current year payment obligation for the unfunded, nonqualified supplemental retirement plans (collectively, “SRP”). In the first quarter of fiscal 2013, contributions of $296 were made into the ARP and payments of $164 were made to participants in the SRP.

 

The components of net periodic benefit cost for the retirement plans in the aggregate during each period noted below consisted of the following:

 

     First Quarter  
     Fiscal 2013     Fiscal 2012  

Service cost

   $ —        $ —     

Interest cost

     434        506   

Expected return on plan assets

     (450     (481

Net amortization

     450        347   
  

 

 

   

 

 

 

Total pension expense

   $ 434      $ 372