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PENSION PLANS (Tables)
12 Months Ended
Jul. 30, 2022
Compensation Related Costs [Abstract]  
Schedule of Net Benefit Costs Recognized
Net periodic pension cost for the plans include the following components:
 20222021
Service cost$187 $216 
Interest cost on projected benefit obligation1,306 1,689 
Expected return on plan assets(1,258)(1,932)
Loss on settlement12,341 587 
Amortization of gains and losses335 588 
Net periodic pension cost$12,911 $1,148 
Schedule of Amounts Recognized In Plan Assets and Benefit Obligations Recognized
The changes in benefit obligations and the reconciliation of the funded status of the Company’s plans to the consolidated balance sheets were as follows:
 20222021
Changes in Benefit Obligation:  
Benefit obligation at beginning of year$73,229 $76,849 
Service cost187 216 
Interest cost1,306 1,689 
Benefits paid(676)(796)
Settlement(54,742)(2,563)
Actuarial loss(11,791)(2,166)
Benefit obligation at end of year$7,513 $73,229 
Changes in Plan Assets:  
Fair value of plan assets at beginning of year$63,047 $70,683 
Actual return on plan assets(6,170)(4,277)
Employer contributions1,485 — 
Benefits paid(676)(796)
Settlements paid(54,742)(2,563)
Fair value of plan assets at end of year2,944 63,047 
Funded status at end of year$4,569 $10,182 
Amounts recognized in the consolidated balance sheets:  
Pension liabilities4,569 10,182 
Accumulated other comprehensive loss (income), net of income taxes(1,962)9,833 
Amounts included in Accumulated other comprehensive income (loss) (pre-tax):  
Net actuarial loss$(2,872)$14,167 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets The following information is presented for those plans with an accumulated benefit obligation in excess of plan assets:
 20222021
Projected benefit obligation$7,513 $73,229 
Accumulated benefit obligation7,513 71,931 
Fair value of plan assets2,944 63,047 
Schedule of Assumptions Used
Weighted average assumptions used to determine benefit obligations and net periodic pension cost for the Company’s defined benefit plans were as follows:
 20222021
Assumed discount rate — net periodic pension cost2.44 %2.26 %
Assumed discount rate — benefit obligation3.77 %2.44 %
Assumed rate of increase in compensation levels4.50 %4.50 %
Expected rate of return on plan assets5.25 %3.36 %
Schedule of Allocation of Plan Assets
The fair value of the pension assets were as follows:
 July 30, 2022July 31, 2021
Asset CategoryAssets Measured at NAVTotalLevel 1Assets Measured at NAVTotal
Cash$— $— $83 $— $83 
Equity securities:    
Company stock— — 512 — 512 
Mutual/Collective Trust Funds -
U.S. (1)
915 915 — 1,174 1,174 
Mutual/Collective Trust Funds - International (1)301 301 — 387 387 
Fixed income securities:   
Mutual/Collective Trust Funds - Fixed Income (1)1,728 1,728 — 60,891 60,891 
Total$2,944 $2,944 $595 $62,452 $63,047 
 
(1)Includes pools of investments that are measured at fair value using the Net Asset Value (NAV) per share (or its equivalent) practical expedient. The NAV is based on the underlying net assets owned by the fund and the relative interest of each participating investor in the fair value of the underlying assets. The underlying investments are classified as either level 1 or 2 of the fair value hierarchy.
Schedule of Expected Benefit Payments
Based on actuarial assumptions, estimated future defined benefit payments, which may be significantly impacted by participant elections related to retirement dates and forms of payment, are as follows:
Fiscal Year 
2023$170 
2024180 
2025160 
2026190 
20276,080 
2028 - 2031930 
Schedule of Multiemployer Plans
The Company’s participation in these plans is outlined in the following tables.  The “EIN / Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three-digit pension plan number.  The most recent “Pension Protection Act Zone Status” available in 2021 and 2020 is for the plan’s year-end at December 31, 2021 and December 31, 2020, respectively, unless otherwise noted.  Among other factors, generally, plans in the red zone are less than 65 percent funded, plans in the yellow zone are between 65 and 80 percent funded and plans in the green zone are at least 80 percent funded.  The “FIP/RP Status Pending / Implemented” column indicates plans for which a funding improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented. 
 
  Pension Protection Act Zone StatusFIP/RP Status
Pending
/ Implemented
Contributions for the
year ended (5)
 Expiration
 date of
Collective-
Bargaining
Agreement
 
Pension Fund
 
EIN / Pension Plan Number
20212020July 30,
2022
July 31,
2021
Surcharge
 Imposed (6)
Pension Plan of Local 464A (1)22-6051600-001GreenGreenN/A$808 $874 N/AAugust 2025
UFCW Local 1262 & Employers Pension Fund (2), (4)22-6074414-001RedRedImplemented2,745 2,721 NoOctober 2023
UFCW Regional Pension Plan (3), (4)16-6062287-074RedRedImplemented$1,288 $1,260 NoJune 2024
Total Contributions    $4,841 $4,855   
 
(1)The information for this fund was obtained from the Form 5500 filed for the plan’s year-end at December 31, 2021 and December 31, 2020.
(2)The information for this fund was obtained from the Form 5500 filed for the plan’s year-end at December 31, 2020 and December 31, 2019.
(3)The information for this fund was obtained from the Form 5500 filed for the plan’s year-end at September 30, 2021 and September 30, 2020.
(4)This plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.  There were no changes to the plan’s zone status as a result of this election.
(5)The Company’s contributions represent more than 5% of the total contributions received by each applicable pension fund for all periods presented.
(6)Under the Pension Protection Act, a surcharge may be imposed when employers make contributions under a collective bargaining agreement that is not in compliance with a rehabilitation plan.  As of July 30, 2022, the collective bargaining agreements under which the Company was making contributions were in compliance with rehabilitation plans adopted by each applicable pension fund.