XML 60 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Benefits (Tables)
12 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Schedule of Net Funded Status [Table Text Block]
U.S. Employees Post-Retirement Medical Expense & Funded Status Reconciliation

The Company provides post-retirement medical expenses to certain former employees of Dallas Semiconductor as a result of the Company's acquisition of Dallas Semiconductor in 2001 as well as specific Maxim employees. A reconciliation of the funded status of these post-retirement benefits, is as follows:
 
June 30,
2018
 
Estimated Fiscal Year 2019 Expense
 
June 24,
2017
 
Fiscal Year 2018 Expense
 
(in thousands, except percentages)
Accumulated post-retirement benefit obligation (APBO):
 
 
 
 
 
 
 
Retirees and beneficiaries
$
(18,023
)
 
 
 
$
(15,983
)
 
 
Active participants
(1,367
)
 
 
 
(2,110
)
 
 
 
 
 
 
 
 
 
 
Funded status
$
(19,390
)
 
 
 
$
(18,093
)
 
 
 
 
 
 
 
 
 
 
Actuarial gain (loss)
$
(1,279
)
 
 
 
$
99

 
 
Prior service cost

 
 
 

 
 
 
 
 
 
 
 
 
 
Amounts recognized in accumulated other comprehensive income:
 
 
 
 
 
 
 
Net actuarial loss
$
1,054

 
 
 
$
225

 
 
Prior service cost
962

 
 
 
1,318

 
 
Total
$
2,016

 
 
 
$
1,543

 
 
 
 
 
 
 
 
 
 
Net periodic post-retirement benefit cost (income):
 
 
 
 
 
 
 
Interest cost
 
 
$
741

 
 
 
$
674

Amortization:
 
 
 
 
 
 
 
Prior service cost
 
 
356

 
 
 
356

Total net periodic post-retirement benefit cost
 
 
$
1,097

 
 
 
$
1,030

 
 
 
 
 
 
 
 
Employer contributions
 
 
$
796

 
 
 
$
656

 
 
 
 
 
 
 
 
Economic assumptions:
 
 
 
 
 
 
 
Discount rate
3.9%
 
 
 
3.8%
 
 
Medical trend
7.5%-5.0%
 
 
 
6.5%-5.0%
 
 
Schedule of Expected Benefit Payments [Table Text Block]
The following benefit payments are expected to be paid:

 
Non-Pension Benefits
 
(in thousands)
2019
$
796

2020
811

2021
882

2022
938

2023
946

Thereafter
15,017

 
$
19,390