Changes in Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2018

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents changes in accumulated other comprehensive loss by component for the periods presented:



	13-Weeks Ended						26-Weeks Ended
	June 30, 2018			July 1, 2017			June 30, 2018			July 1, 2017
Accumulated other comprehensive loss components
Retirement benefit obligations:
Balance at beginning of period⁽¹⁾	$	(102,589	)	$	(118,706	)	$	(103,192	)	$	(119,363	)
Reclassification adjustments:
Amortization of prior service cost^{(2) (3)}	2			36			5			72
Amortization of net loss^{(2) (3)}	731			1,037			1,538			2,075
Pension remeasurement⁽⁴⁾	33,180			—			33,180			—
Settlements^{(2) (3)}	—			2,000			—			2,000
Total before income tax	33,913			3,073			34,723			4,147
Income tax provision	8,682			1,193			8,889			1,610
Current period comprehensive income, net of tax	25,231			1,880			25,834			2,537
Balance at end of period⁽¹⁾	$	(77,358	)	$	(116,826	)	$	(77,358	)	$	(116,826	)

Interest rate swaps:
Balance at beginning of period⁽¹⁾	$	16,477		$	—		$	7,437		$	—
Change in fair value of interest rate swaps	5,461			—			17,308			—
Amounts reclassified to interest expense—net	(563		)	—			(260		)	—
Total before income tax	4,898			—			17,048			—
Income tax provision	1,254			—			4,364			—
Current period comprehensive income, net of tax	3,644			—			12,684			—
Balance at end of period⁽¹⁾	$	20,121		$	—		$	20,121		$	—
Accumulated other comprehensive loss at end of period⁽¹⁾	$	(57,237	)	$	(116,826	)	$	(57,237	)	$	(116,826	)


(1)	Amounts are presented net of tax.


(2)	Included in the computation of net periodic benefit costs. See Note 14, Retirement Plans, for additional information.


(3)	Included in other (income) expense—net in the Consolidated Statements of Comprehensive Income.


(4)	Resulting from the $35 million incremental contribution to the Company's defined benefit pension plan. See Note 14, Retirement Plans, for additional information.