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Postretirement Plans (Tables)
4 Months Ended
Apr. 18, 2020
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 18, 2020 compared to accounts at December 28, 2019 (amounts in thousands):

 

 

 

April 18, 2020

 

 

December 28, 2019

 

Current liability

 

$

926

 

 

$

29,380

 

Noncurrent liability

 

$

14,344

 

 

$

14,328

 

Accumulated other comprehensive loss, net of tax

 

$

4,112

 

 

$

107,678

 

Pension plans  
Components of Net Periodic Benefit / Cost

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

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 18, 2020

 

 

April 20, 2019

 

Service cost

 

$

265

 

 

$

216

 

Interest cost

 

 

1,423

 

 

 

3,671

 

Expected return on plan assets

 

 

(2,689

)

 

 

(5,276

)

Settlement and curtailment loss

 

 

116,207

 

 

 

 

Amortization of prior service cost

 

 

75

 

 

 

119

 

Amortization of net loss

 

 

1,367

 

 

 

2,184

 

Total net periodic pension cost

 

$

116,648

 

 

$

914

 

Postretirement Benefit Plan  
Components of Net Periodic Benefit / Cost

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

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 18, 2020

 

 

April 20, 2019

 

Service cost

 

$

87

 

 

$

87

 

Interest cost

 

 

60

 

 

 

91

 

Amortization of prior service credit

 

 

(1

)

 

 

(13

)

Amortization of net gain

 

 

(92

)

 

 

(85

)

Total net periodic postretirement cost

 

$

54

 

 

$

80