Postretirement Plans (Tables)

6 Months Ended

Jul. 14, 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 July 14, 2018 compared to accounts at December 30, 2017 (amounts in thousands):

	July 14, 2018		December 30, 2017
Noncurrent asset	$	20,655	$	—
Current liability	$	935	$	935
Noncurrent liability	$	20,065	$	60,107
Accumulated other comprehensive loss, net of tax	$	76,152	$	78,076

Summary of Recognized Settlement Loss by Quarter

The table below presents our recognized settlement loss by quarter (amounts in thousands:

	Settlement charge
First quarter	$	4,668
Second quarter		1,035
For the twenty-eight weeks ended July 14, 2018	$	5,703

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 Twelve Weeks Ended						For the Twenty-Eight Weeks Ended
	July 14, 2018			July 15, 2017			July 14, 2018			July 15, 2017
Service cost	$	216		$	174		$	504		$	407
Interest cost		3,123			3,006			6,247			7,013
Expected return on plan assets		(4,678	)		(5,895	)		(10,085	)		(13,754	)
Settlement loss		1,035			—			5,703			—
Amortization of prior service cost		95			89			195			208
Amortization of net loss		1,256			1,469			2,829			3,427
Total net periodic pension cost (income)	$	1,047		$	(1,157	)	$	5,393		$	(2,699	)

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 Twelve Weeks Ended						For the Twenty-Eight Weeks Ended
	July 14, 2018			July 15, 2017			July 14, 2018			July 15, 2017
Service cost	$	66		$	59		$	155		$	138
Interest cost		54			52			127			122
Amortization of prior service credit		(49	)		(49	)		(114	)		(114	)
Amortization of net gain		(99	)		(114	)		(232	)		(268	)
Total net periodic postretirement income	$	(28	)	$	(52	)	$	(64	)	$	(122	)