Accumulated Other Comprehensive Loss

9 Months Ended

Mar. 29, 2018

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note 10 – Accumulated Other Comprehensive Loss

The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the thirty-nine weeks ended March 29, 2018 and March 30, 2017. These changes are all related to our defined benefit pension plan.

Changes to AOCL (a)	For the Thirty-Nine Weeks Ended
	March 29, 2018			March 30, 2017
Balance at beginning of period	$	(4,404	)	$	(6,425	)
Other comprehensive income before reclassifications		—			—
Amounts reclassified from accumulated other comprehensive loss		839			992
Tax effect		(288	)		(377	)
Net current-period other comprehensive income		551			615
Balance at end of period	$	(3,853	)	$	(5,810	)

^(a)  Amounts in parenthesis indicate debits/expense.

The reclassifications out of AOCL for the quarter and thirty-nine weeks ended March 29, 2018 and March 30, 2017 were as follows:

													Affected line item in the Consolidated Statements of Comprehensive Income
Reclassifications from AOCL to earnings (b)	For the Quarter Ended						For the Thirty-Nine Weeks Ended
	March 29, 2018			March 30, 2017			March 29, 2018			March 30, 2017
Amortization of defined benefit pension items:
Unrecognized prior service cost	$	(239	)	$	(239	)	$	(718	)	$	(718	)	Other expense
Unrecognized net loss		(40	)		(92	)		(121	)		(274	)	Other expense
Total before tax		(279	)		(331	)		(839	)		(992	)
Tax effect		69			126			288			377		Income tax expense
Amortization of defined pension items, net of tax	$	(210	)	$	(205	)	$	(551	)	$	(615	)

^(b)  Amounts in parenthesis indicate debits to expense. See Note 9 – “Retirement Plan” above for additional details.