Prior Year Reclassifications

12 Months Ended

Dec. 28, 2019

Prior Year Reclassifications [Abstract]

Note 8 Prior Year Reclassifications

As of December 28, 2019, the Company reclassified non-service components of the Supplemental Executive Retirement Plan (SERP) benefit obligation separately from the service cost component. These non-service components in the amounts of $3.0 million, $(0.9) million and $2.1 million as of December 28, 2019, December 29, 2018 and December 30, 2017, respectively, were reclassified to “Other income (expense)”. The Company recognizes service cost components in “Operating, general and administrative costs”.

The table below summarizes the effect of the reclassifications of previously reported Consolidated Financial Statements for the fiscal years ended December 29, 2018 and December 30, 2017.


	December 29, 2018						December 30, 2017
Consolidated Statements of Income	As Previously						As Previously
(dollars in thousands)	Reported		Reclassifications		As Adjusted		Reported		Reclassifications		As Adjusted
Operating, general and administrative expenses	$	851,411	$	919	$	852,330	$	836,098	$	(2,094)	$	834,004
Income from operations		83,590		(919)		82,671		76,425		2,094		78,519
Other income (expense)		-		919		919		-		(2,094)		(2,094)