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Reclassifications from Accumulated Other Comprehensive Loss
12 Months Ended
Feb. 27, 2016
Reclassifications from Accumulated Other Comprehensive Loss  
Reclassifications from Accumulated Other Comprehensive Loss

 

17. Reclassifications from Accumulated Other Comprehensive Loss

        The following table summarizes the components of accumulated other comprehensive loss and the changes in balances of each component of accumulated other comprehensive loss, net of tax as applicable, for the fiscal years ended February 27, 2016, February 28, 2015 and March 1, 2014:

                                                                                                                                                                                    

 

 

February 27,
2016
(52 Weeks)

 

February 28,
2015
(52 Weeks)

 

March 1,
2014
(52 Weeks)

 

 

 

Defined
benefit
pension
plans

 

Accumulated
other
comprehensive
loss

 

Defined
benefit
pension
plans

 

Accumulated
other
comprehensive
loss

 

Defined
benefit
pension
plans

 

Accumulated
other
comprehensive
loss

 

Accumulated other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance—beginning of period

 

$

(45,850

)

$

(45,850

)

$

(37,334

)

$

(37,334

)

$

(61,369

)

$

(61,369

)

Other comprehensive (loss) income before reclassifications, net of $3,162, $7,506, and $0 tax benefit

 

 

(3,633

)

 

(3,633

)

 

(10,578

)

 

(10,578

)

 

19,211

 

 

19,211

 

Amounts reclassified from accumulated other comprehensive loss to net income, net of $1,481, $1,464, and $0 tax expense

 

 

1,702

 

 

1,702

 

 

2,062

 

 

2,062

 

 

4,824

 

 

4,824

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Balance—end of period

 

$

(47,781

)

$

(47,781

)

$

(45,850

)

$

(45,850

)

$

(37,334

)

$

(37,334

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        The following table summarizes the effects on net income of significant amounts classified out of each component of accumulated other comprehensive loss for the fiscal years ended February 27, 2016, February 28, 2015 and March 1, 2014:

                                                                                                                                                                                    

 

 

Fiscal Years Ended February 27, 2016,
February 28, 2015 and March 1, 2014

 

 

Amount reclassified from
accumulated other comprehensive loss

 

 

Details about accumulated other
comprehensive loss components

 

February 27,
2016
(52 Weeks)

 

February 28,
2015
(52 Weeks)

 

March 1,
2014
(52 Weeks)

 

Affected line item in the
consolidated
statements of operations

Defined benefit pension plans

 

 

 

 

 

 

 

 

 

 

 

Amortization of unrecognized prior service cost(a)

 

$

(67

)

$

(240

)

$

(240

)

Selling, general and administrative expenses

Amortization of unrecognized net loss(a)

 

 

(3,116

)

 

(3,286

)

 

(4,584

)

Selling, general and administrative expenses

​  

​  

​  

​  

​  

​  

 

 

 

(3,183

)

 

(3,526

)

 

(4,824

)

Total before income tax expense

 

 

 

1,481

 

 

1,464

 

 

 

Income tax benefit(b)

​  

​  

​  

​  

​  

​  

 

 

$

(1,702

)

$

(2,062

)

$

(4,824

)

Net of income tax benefit

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


(a)—See Note 18, Retirement Plans for additional details.
(b)—Income tax expense is $0 for fiscal 2014 due to the valuation allowance. See Note 7, Income Taxes for additional details.