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Employee Benefit Plans (Tables)
 12 Months Ended
Aug. 26, 2017
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 2017, 2016 and 2015 were as follows (in thousands):
 
 
Pension Plans
 
SERP
 
2017

2016

2015
 
2017

2016

2015
Service cost
$
271

 
$
204

 
$
192

 
$
785

 
$
819

 
$
821

Interest cost
244

 
307

 
294

 
1,003

 
984

 
1,133

Expected return on assets
(189
)
 
(177
)
 
(182
)
 
—

 
—

 
—

Amortization of prior service cost
83

 
84

 
62

 
56

 
368

 
368

Amortization of unrecognized loss
149

 
105

 
152

 
653

 
274

 
461

Other events
125

 
43

 
174

 
—

 
—

 
—

Net periodic benefit cost
$
683

 
$
566

 
$
692

 
$
2,497

 
$
2,445

 
$
2,783
Schedule of Obligations and Funded Status
The Company’s obligations and funded status related to its Pension Plans and SERP as of August 26, 2017 and August 27, 2016 were as follows (in thousands):
 
 
Pension Plans
 
SERP
 
2017

2016
 
2017

2016
Change in benefit obligation:
 
 
 
 
 
 
 
Projected benefit obligation, beginning of year
$
9,000

 
$
8,479

 
$
30,696

 
$
23,755

Service cost
271

 
204

 
785

 
819

Interest cost
244

 
307

 
1,003

 
984

Actuarial (gain) loss
(441
)
 
506

 
(3,130
)
 
5,568

Benefits paid
(326
)
 
(370
)
 
(553
)
 
(430
)
Settlements
(366
)
 
(126
)
 
—

 
—

Projected benefit obligation, end of year
$
8,382

 
$
9,000

 
$
28,801

 
$
30,696

 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
$
4,753

 
$
4,757

 
$
—

 
$
—

Actual return on plan assets
63

 
71

 
—

 
—

Employer contributions
973

 
420

 
—

 
—

Benefits paid
(326
)
 
(370
)
 
—

 
—

Settlements
(366
)
 
(125
)
 
—

 
—

Fair value of plan assets, end of year
$
5,097

 
$
4,753

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Funded status (net amount recognized):
$
(3,285
)
 
$
(4,247
)
 
$
(28,801
)
 
$
(30,696
)
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 26, 2017 and August 27, 2016 were as follows (in thousands):
 
 
Pension Plans
 
SERP
 
2017

2016
 
2017

2016
Deferred tax assets
$
860

 
$
1,119

 
$
2,568

 
$
4,046

Accrued liabilities
$
3,285

 
$
4,247

 
$
28,801

 
$
30,696

Accumulated other comprehensive loss
$
(1,374
)
 
$
(1,788
)
 
$
(4,102
)
 
$
(6,463
)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss
As of August 26, 2017 and August 27, 2016, the amounts recognized in accumulated other comprehensive loss for the Company’s Pension Plans and SERP (in thousands):
 
 
Pension Plans
 
SERP
 
2017

2016
 
2017

2016
Net actuarial loss
$
(1,134
)
 
$
(1,497
)
 
$
(4,102
)
 
$
(6,429
)
Unrecognized prior service cost
(240
)
 
(291
)
 
—

 
(34
)
Accumulated other comprehensive loss
$
(1,374
)
 
$
(1,788
)
 
$
(4,102
)
 
$
(6,463
)
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 26, 2017 and August 27, 2016, were as follows:
 
 
Pension Plans
 
SERP
 
2017

2016
 
2017

2016
Discount rate
3.2
%
 
2.9
%
 
3.6
%
 
3.3
%
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 26, 2017, August 27, 2016 and August 29, 2015, were as follows:
 
 
Pension Plans
 
SERP
 
2017

2016

2015
 
2017

2016

2015
Discount rate
2.9
%
 
3.8
%
 
3.6
%
 
3.3
%
 
4.2
%
 
3.8
%
Expected return on plan assets
3.9
%
 
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 26, 2017 and thereafter are as follows (in thousands):
 
Pension Plans
 
SERP
2018
$
896

 
$
1,049

2019
732

 
1,051

2020
566

 
1,113

2021
396

 
1,325

2022
572

 
1,326

Thereafter
5,220

 
22,937

Total benefit payments
$
8,382

 
$
28,801