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Employee Benefit Plans (Tables)
 12 Months Ended
Aug. 25, 2018
Postemployment Benefits [Abstract]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost related to the Company’s Pension Plans and SERP for fiscal 2018, 2017 and 2016 were as follows (in thousands):
 
 
Pension Plans
 
SERP
 
2018

2017

2016
 
2018

2017

2016
Service cost
$
115

 
$
271

 
$
204

 
$
694

 
$
785

 
$
819

Interest cost
257

 
244

 
307

 
1,027

 
1,003

 
984

Expected return on assets
(174
)
 
(189
)
 
(177
)
 
—

 
—

 
—

Amortization of prior service cost
66

 
83

 
84

 
—

 
56

 
368

Amortization of unrecognized loss
102

 
149

 
105

 
362

 
653

 
274

Other events
96

 
125

 
43

 
—

 
—

 
—

Net periodic benefit cost
$
462

 
$
683

 
$
566

 
$
2,083

 
$
2,497

 
$
2,445
Schedule of Obligations and Funded Status
The Company’s obligations and funded status related to its Pension Plans and SERP as of August 25, 2018 and August 26, 2017 were as follows (in thousands):
 
 
Pension Plans
 
SERP
 
2018

2017
 
2018

2017
Change in benefit obligation:
 
 
 
 
 
 
 
Projected benefit obligation, beginning of year
$
8,382

 
$
9,000

 
$
28,801

 
$
30,696

Service cost
115

 
271

 
694

 
785

Interest cost
257

 
244

 
1,027

 
1,003

Actuarial gain
(673
)
 
(441
)
 
(2,129
)
 
(3,130
)
Benefits paid
(84
)
 
(326
)
 
(846
)
 
(553
)
Settlements
(548
)
 
(366
)
 
—

 
—

Projected benefit obligation, end of year
$
7,449

 
$
8,382

 
$
27,547

 
$
28,801

 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
$
5,097

 
$
4,753

 
$
—

 
$
—

Actual return on plan assets
72

 
63

 
—

 
—

Employer contributions
1,788

 
973

 
—

 
—

Benefits paid
(84
)
 
(326
)
 
—

 
—

Settlements
(548
)
 
(366
)
 
—

 
—

Fair value of plan assets, end of year
$
6,325

 
$
5,097

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Funded status (net amount recognized):
$
(1,124
)
 
$
(3,285
)
 
$
(27,547
)
 
$
(28,801
)
Schedule of Amounts Recorded on Consolidated Balance Sheet
The amounts recorded on the Consolidated Balance Sheet for the Company’s Pension Plans and SERP as of August 25, 2018 and August 26, 2017 were as follows (in thousands):
 
 
Pension Plans
 
SERP
 
2018

2017
 
2018

2017
Deferred tax assets
$
362

 
$
860

 
$
1,081

 
$
2,568

Accrued liabilities
$
1,124

 
$
3,285

 
$
27,547

 
$
28,801

Accumulated other comprehensive loss
$
(1,037
)
 
$
(1,374
)
 
$
(3,098
)
 
$
(4,102
)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss
As of August 25, 2018 and August 26, 2017, the amounts recognized in accumulated other comprehensive loss for the Company’s Pension Plans and SERP (in thousands):
 
 
Pension Plans
 
SERP
 
2018

2017
 
2018

2017
Net actuarial loss
$
(797
)
 
$
(1,134
)
 
$
(3,098
)
 
$
(4,102
)
Unrecognized prior service cost
(240
)
 
(240
)
 
—

 
—

Accumulated other comprehensive loss
$
(1,037
)
 
$
(1,374
)
 
$
(3,098
)
 
$
(4,102
)
Weighted Average Assumptions Used in Calculating Projected Benefit Obligation
The weighted average assumptions used in calculating the Company’s projected benefit obligation as of August 25, 2018 and August 26, 2017, were as follows:
 
 
Pension Plans
 
SERP
 
2018

2017
 
2018

2017
Discount rate
3.9
%
 
3.2
%
 
4.0
%
 
3.6
%
Rate of compensation increase
N/A

 
N/A

 
5.0
%
 
5.0
%
Weighted Average Assumptions Used in Calculating Net Periodic Service Cost
The weighted average assumptions used in calculating the Company’s net periodic service cost for the years ended August 25, 2018, August 26, 2017 and August 27, 2016, were as follows:
 
 
Pension Plans
 
SERP
 
2018

2017

2016
 
2018

2017

2016
Discount rate
3.2
%
 
2.9
%
 
3.8
%
 
3.6
%
 
3.3
%
 
4.2
%
Expected return on plan assets
3.5
%
 
3.9
%
 
3.9
%
 
N/A

 
N/A

 
N/A

Rate of compensation increase
N/A

 
N/A

 
N/A

 
5.0
%
 
5.0
%
 
5.0
%
Schedule of Expected Future Benefit Payments
The following benefit payments, which reflect expected future service, that are expected to be paid for the five fiscal years subsequent to August 25, 2018 and thereafter are as follows (in thousands):
 
Pension Plans
 
SERP
2019
$
1,261

 
$
1,057

2020
545

 
1,114

2021
323

 
1,316

2022
469

 
1,314

2023
431

 
1,478

Thereafter
4,420

 
21,268

Total benefit payments
$
7,449

 
$
27,547