Prior Year Reclassification

9 Months Ended

Sep. 26, 2020

Prior Year Reclassification [Abstract]

Prior Year Reclassification

(8) Prior Year Reclassification

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 totaling $2.3 million as of September 28, 2019 were reclassified to “Other income (expense)”. The Company recognizes service cost components in “Operating, general and administrative costs”.

The tables below summarize the effects of the reclassifications of previously reported Consolidated Financial Statements for the fiscal quarter ended September 26, 2020.

	13 Weeks Ended
	September 28, 2019
Consolidated Statements of Income	As Previously
(dollars in thousands)	Reported		Reclassifications		As Adjusted
Operating, general and administrative expenses	$	215,321	$	(39)	$	215,282
Income from operations		17,504		39		17,543
Other income (expense)		-		(39)		(39)

	39 Weeks Ended
	September 28, 2019
Consolidated Statements of Income	As Previously
(dollars in thousands)	Reported		Reclassifications		As Adjusted
Operating, general and administrative expenses	$	639,694	$	(2,309)	$	637,385
Income from operations		59,353		2,309		61,662
Other income (expense)		-		(2,309)		(2,309)

	39 Weeks Ended
	September 28, 2019
Consolidated Statements of Cash Flows	As Previously
(dollars in thousands)	Reported		Reclassifications		As Adjusted
Unrealized (gain) loss in SERP	$	-	$	(1,289)	$	(1,289)
Net cash provided by operating activities		140,036		(1,289)		138,747
Change in SERP investment		(3,199)		1,289		(1,910)
Net cash used in investing activities		(76,247)		1,289		(74,958)