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Pension and Postretirement Benefits
6 Months Ended
Jan. 01, 2017
Compensation and Retirement Disclosure [Abstract]  
Pension and Postretirement Benefits
Pension and Postretirement Benefits

The Company has noncontributory defined benefit retirement plans and postretirement plans covering certain employees. The following tables summarize the plans’ income and expense for the periods indicated (in thousands):
 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
Three Months Ended
 
Three Months Ended
 
 
January 1,
2017
 
December 27,
2015
 
January 1,
2017
 
December 27,
2015
Components of Net Periodic Expense (Income):
 
 
 
 
 
 
 
 
Service Cost
 
$
1,652

 
$
909

 
$
32

 
$
55

Interest Cost on Projected Benefit Obligation
 
10,832

 
13,013

 
597

 
813

Expected Return on Plan Assets
 
(16,095
)
 
(17,774
)
 

 

Amortization of:
 
 
 
 
 
 
 
 
Prior Service Cost (Credit)
 
45

 
45

 
(663
)
 
(664
)
Actuarial Loss
 
4,276

 
3,332

 
661

 
1,065

Net Periodic Expense (Income)
 
$
710

 
$
(475
)
 
$
627

 
$
1,269


 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
Six Months Ended
 
Six Months Ended
 
 
January 1,
2017
 
December 27,
2015
 
January 1,
2017
 
December 27,
2015
Components of Net Periodic Expense (Income):
 
 
 
 
 
 
 
 
Service Cost
 
$
3,379

 
$
1,766

 
$
95

 
$
131

Interest Cost on Projected Benefit Obligation
 
21,678

 
26,055

 
1,191

 
1,622

Expected Return on Plan Assets
 
(32,213
)
 
(35,601
)
 

 

Amortization of:
 
 
 
 
 
 
 
 
Prior Service Cost (Credit)
 
90

 
90

 
(1,327
)
 
(1,329
)
Actuarial Loss
 
8,479

 
6,504

 
1,398

 
2,022

Net Periodic Expense (Income)
 
$
1,413

 
$
(1,186
)
 
$
1,357

 
$
2,446


The Company expects to make benefit payments of $3.2 million attributable to its non-qualified pension plans during fiscal 2017. During the first six months of fiscal 2017, the Company made payments of approximately $1.6 million for its non-qualified pension plans. The Company anticipates making benefit payments of approximately $8.6 million for its other postretirement benefit plans during fiscal 2017. During the first six months of fiscal 2017, the Company made payments of $6.1 million for its other postretirement benefit plans.
 
During the first six months of fiscal 2017, the Company made no cash contributions to the qualified pension plan. Based upon current regulations and actuarial studies, the Company is not required to make contributions to the qualified pension plan in fiscal 2017 through fiscal 2018, but the Company may choose to make discretionary contributions. The Company may be required to make further required contributions in future years or the future expected funding requirements may change depending on a variety of factors including the actual return on plan assets, the funded status of the plan in future periods, and changes in actuarial assumptions or regulations.