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Accumulated Other Comprehensive Loss (Tables)
9 Months Ended
Mar. 30, 2023
Equity [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Loss

The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the thirty-nine weeks ended March 30, 2023 and March 24, 2022. These changes are all related to our defined benefit pension plan.

 

 

For the Thirty-Nine Weeks Ended

 

Changes to AOCL (a)

 

March 30,
2023

 

 

March 24,
2022

 

Balance at beginning of period

 

$

(2,480

)

 

$

(9,025

)

Other comprehensive income before reclassifications

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

 

21

 

 

 

1,091

 

Tax effect

 

 

(5

)

 

 

(284

)

Net current-period other comprehensive income

 

 

16

 

 

 

807

 

Balance at end of period

 

$

(2,464

)

 

$

(8,218

)

 

(a)
Amounts in parenthesis indicate debits/expense.
Summary of Reclassifications Out of AOCL

The reclassifications out of AOCL for the quarter and thirty-nine weeks ended March 30, 2023 and March 24, 2022 were as follows:

 

For the Quarter Ended

 

 

For the Thirty-Nine Weeks Ended

 

 

Affected Line Item
in the Consolidated

Reclassifications from AOCL to
   Earnings
(b)

March 30,
2023

 

 

March 24,
2022

 

 

March 30,
2023

 

 

March 24,
2022

 

 

Statements of
Comprehensive Income

Amortization of defined benefit
   pension items:

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized net loss

$

(7

)

 

$

(363

)

 

$

(21

)

 

$

(1,091

)

 

Pension expense (excluding service costs)

Tax effect

 

2

 

 

 

94

 

 

 

5

 

 

 

284

 

 

Income tax expense

Amortization of defined pension items,
   net of tax

$

(5

)

 

$

(269

)

 

$

(16

)

 

$

(807

)

 

 

 

(b)
Amounts in parenthesis indicate debits to expense. See Note 10 – “Retirement Plan” above for additional details.