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Postretirement Plans (Tables)
4 Months Ended
Apr. 21, 2018
Summary of Company's Balance Sheet Related Pension and Other Postretirement Benefit Plan

The following summarizes the company’s balance sheet related pension and other postretirement benefit plan accounts at April 21, 2018 as compared to accounts at December 30, 2017 (amounts in thousands):

 

 

 

April 21, 2018

 

 

December 30, 2017

 

Current liability

 

$

935

 

 

$

935

 

Noncurrent liability

 

$

36,206

 

 

$

60,107

 

Accumulated other comprehensive loss, net of tax

 

$

81,768

 

 

$

78,076

 

 

Pension plans  
Components of Net Periodic Benefit / (Income) Cost

The net periodic pension cost (income) for the company’s plans include the following components (amounts in thousands):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 21, 2018

 

 

April 22, 2017

 

Service cost

 

$

288

 

 

$

232

 

Interest cost

 

 

3,124

 

 

 

4,008

 

Expected return on plan assets

 

 

(5,407

)

 

 

(7,860

)

Settlement loss

 

 

4,668

 

 

 

 

Amortization of prior service cost

 

 

100

 

 

 

119

 

Amortization of net loss

 

 

1,573

 

 

 

1,958

 

Total net periodic pension cost (income)

 

$

4,346

 

 

$

(1,543

)

 

Postretirement Benefit Plan  
Components of Net Periodic Benefit / (Income) Cost

The net periodic postretirement income for the company includes the following components (amounts in thousands):  

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 21, 2018

 

 

April 22, 2017

 

Service cost

 

$

89

 

 

$

79

 

Interest cost

 

 

72

 

 

 

70

 

Amortization of prior service credit

 

 

(65

)

 

 

(65

)

Amortization of net gain

 

 

(133

)

 

 

(153

)

Total net periodic postretirement income

 

$

(37

)

 

$

(69

)