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Retirement Plans (Tables)
12 Months Ended
Sep. 28, 2013
Retirement Plans  
Schedule of other changes in plan assets and obligations recognized in other comprehensive income (loss)

 

 

Other changes in plan assets and obligations

 

(000’s omitted)

 

recognized in other comprehensive income (loss):

 

2013

 

2012

 

Accumulated other comprehensive loss at beginning of year

 

$

(949

)

$

(854

)

Net gain/(loss) incurred in year, net of tax

 

44

 

(169

)

Amortization of actuarial net losses, net of tax

 

87

 

74

 

Accumulated other comprehensive loss at end of year

 

$

(818

)

$

(949

)

Schedule of change in projected benefit obligation

 

 

 

(000’s omitted)

 

Change in projected benefit obligation:

 

2013

 

2012

 

Benefit obligation at beginning of year

 

$

3,183

 

$

3,001

 

Administrative cost

 

7

 

7

 

Interest cost

 

100

 

116

 

Actuarial (gain)/loss

 

(155

)

264

 

Benefits paid

 

(298

)

(205

)

Benefit obligation at end of year

 

$

2,837

 

$

3,183

 

Schedule of change in plan assets

 

(000’s omitted)

 

Change in plan assets:

 

2013

 

2012

 

Fair value of plan assets at beginning of year

 

$

2,323

 

$

2,266

 

Actual return on plan assets

 

34

 

120

 

Employer contributions

 

63

 

142

 

Benefits paid

 

(298

)

(205

)

Fair value of plan assets at end of year

 

$

2,122

 

$

2,323

 

 

 

 

 

 

 

Funded status at end of year

 

$

(715

)

$

(860

)

 

Schedule of components of net periodic benefit cost

Components of net periodic benefit cost:

 

2013

 

2012

 

2011

 

Administrative cost

 

$

7

 

$

7

 

$

7

 

Interest cost

 

100

 

116

 

128

 

Expected return on plan assets

 

(132

)

(129

)

(138

)

Amortization of unrecognized net loss

 

138

 

116

 

91

 

Net periodic benefit cost

 

$

113

 

$

110

 

$

88

 

 

Schedule of weighted-average assumptions used

 

Projected benefit obligation

 

2013

 

2012

 

2011

 

Discount rate

 

4.00

%

3.25

%

4.00

%

Rate of compensation increase

 

None

 

None

 

None

 

Expected return on plan assets

 

6.00

%

6.00

%

6.00

%

 

Net periodic benefit cost

 

2013

 

2012

 

2011

 

Discount rate

 

3.25

%

4.00

%

4.50

%

Rate of compensation increase

 

None

 

None

 

None

 

Expected return on plan assets

 

6.00

%

6.00

%

6.00

%

 

Schedule of multi-employer pension plans

 

 

Multi-employer Pension Plan

 

Company Contributions
(000’s omitted)

 

Expiration
Date of
Collective-
Bargaining

 

Name

 

EIN Number

 

2013

 

2012

 

2011

 

Agreement

 

Bindery Industry Employers GCC/IBT Pension Plan

 

23-6209755

 

$

193

 

$

198

 

$

193

 

01/05/18

 

GCIU — Employer Retirement Benefit Plan

 

91-6024903

 

167

 

131

 

143

 

04/30/18