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Note 8 - Pension Plans: Schedule of Amounts Recognized In Plan Assets and Benefit Obligations Recognized (Tables)
12 Months Ended
Jul. 26, 2014
Tables/Schedules  
Schedule of Amounts Recognized In Plan Assets and Benefit Obligations Recognized

 

2014

2013

Changes in Benefit Obligation:

 

 

 

 

Benefit obligation at beginning of year

 

 $                      63,644

 

 $                      67,179

Service cost

 

                           2,926

 

                           3,279

Interest cost

 

                           2,775

 

                           2,479

Benefits paid

 

                         (1,445)

 

                         (2,422)

Actuarial (gain) loss

 

                           9,190

 

                         (6,871)

Benefit obligation at end of year

 

 $                      77,090

 

 $                      63,644

 

 

 

 

 

Changes in Plan Assets:

 

 

 

 

Fair value of plan assets at beginning of year

 

 $                      43,582

 

 $                      37,416

Actual return on plan assets

 

                           4,672

 

                           5,334

Employer contributions

 

                           3,320

 

                           3,254

Benefits paid

 

                         (1,445)

 

                         (2,422)

Fair value of plan assets at end of year

 

                         50,129

 

                         43,582

 

 

 

 

 

Funded status at end of year

 

 $                    (26,961)

 

 $                    (20,062)

 

 

 

 

 

Amounts recognized in the consolidated balance sheets:

 

 

 

 

Accrued wages and benefits

 

$                      (3,085)

 

 $                               -

Pension liabilities

 

                       (23,876)

 

                       (20,062)

Accumulated other comprehensive loss, net of income taxes

 

                         12,465

 

                           8,467

 

 

 

 

 

Amounts included in Accumulated other comprehensive loss (pre-tax):

 

 

 

Net actuarial loss

 

 $                      21,018

 

 $                      14,111