Postretirement Plans (Tables)

9 Months Ended

Oct. 05, 2019

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 October 5, 2019 compared to accounts at December 29, 2018 (amounts in thousands):

	October 5, 2019		December 29, 2018
Current liability	$	20,356	$	1,283
Noncurrent liability	$	13,955	$	39,149
Accumulated other comprehensive loss, net of tax	$	100,915	$	105,036

Summary of Total Cost and Employer Contributions

The total cost and employer contributions were as follows (amounts in thousands):

	For the Twelve Weeks Ended				For the Forty Weeks Ended
	October 5, 2019		October 6, 2018		October 5, 2019		October 6, 2018
Total cost and employer contributions	$	6,264	$	6,013	$	21,137	$	19,600

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 Forty Weeks Ended
	October 5, 2019			October 6, 2018			October 5, 2019			October 6, 2018
Service cost	$	162		$	216		$	541		$	720
Interest cost		2,753			3,166			9,177			9,413
Expected return on plan assets		(3,957	)		(4,464	)		(13,190	)		(14,549	)
Settlement loss		—			930			—			6,633
Amortization of prior service cost		89			97			297			291
Amortization of net loss		1,637			1,126			5,460			3,956
Total net periodic pension cost	$	684		$	1,071		$	2,285		$	6,464

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 Forty Weeks Ended
	October 5, 2019			October 6, 2018			October 5, 2019			October 6, 2018
Service cost	$	65		$	66		$	217		$	221
Interest cost		69			54			229			181
Amortization of prior service credit		(9	)		(49	)		(32	)		(163	)
Amortization of net gain		(63	)		(99	)		(212	)		(331	)
Total net periodic postretirement cost (income)	$	62		$	(28	)	$	202		$	(92	)