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Retirement Plans (Tables)
12 Months Ended
Sep. 29, 2013
Accumulated Other Comprehensive (Income) Loss for Qualified Defined Pension Plan
Amounts recognized in other comprehensive (income) loss for the qualified defined pension plans:
 
 
Pension Plan
 
Medical Plan
 
Sept. 25, 
 2011

 
Sept. 30, 
 2012

 
Sept. 29, 
 2013

 
Sept. 25, 
 2011

 
Sept. 30, 
 2012

 
Sept. 29, 
 2013

 
(In thousands)
Prior service credit
$
(2
)
 
$
(3
)
 
$
(3
)
 
$
(78
)
 
$
(78
)
 
$
(78
)
Net actuarial (gain) loss
6,965

 
11,944

 
(23,707
)
 
$
67

 
$
87

 
$
(216
)
Total recognized in other comprehensive (income) loss, before tax
$
6,963

 
$
11,941

 
$
(23,710
)
 
$
(11
)
 
$
9

 
$
(294
)
Changes in Pension Plan's Benefit Obligation and Fair Value of Assets
The following tables provide a reconciliation of the changes in the Pension Plan’s and Medical Plan’s benefit obligation and fair value of assets and a statement of the funded status as of the fiscal years ended September 30, 2012 and September 29, 2013:
 
 
Pension Plan
 
Medical Plan
 
Sept. 30, 
 2012

 
Sept. 29, 
 2013

 
Sept. 30, 
 2012

 
Sept. 29, 
 2013

 
(In thousands)
Change in benefit obligation:
 
 
 
 
 
 
 
Beginning balance
$
100,182

 
$
122,413

 
$
2,077

 
$
2,235

Service cost
3,901

 
4,889

 
55

 
69

Interest cost
4,366

 
4,478

 
81

 
71

Actuarial (gain) loss
17,106

 
(19,113
)
 
109

 
(179
)
Benefit payments
(3,142
)
 
(3,863
)
 
(87
)
 
(131
)
Ending balance
$
122,413

 
$
108,804

 
$
2,235

 
$
2,065

Change in fair value of plan assets:
 
 
 
 
 
 
 
Beginning balance
$
61,887

 
$
78,306

 
$

 
$

Actual return on plan assets
7,144

 
6,305

 

 

Employer contributions
12,417

 
8,587

 
87

 
131

Benefit payments
(3,142
)
 
(3,863
)
 
(87
)
 
(131
)
Ending balance
$
78,306

 
$
89,335

 
$

 
$

Funded status:
 
 
 
 
 
 
 
Fair value of plan assets
$
78,306

 
$
89,335

 
$

 
$

Projected benefit obligation
122,413

 
108,804

 
2,235

 
2,065

Under funded
$
(44,107
)
 
$
(19,469
)
 
$
(2,235
)
 
$
(2,065
)
Pension Plan's Assets at Fair Value
The following table sets forth by level, within the fair value hierarchy, the Pension Plan’s assets at fair value.
As of September 30, 2012
 
 
 
 
 
 
 
 
Level 1

 
Level 2

 
Level 3

 
Total

 
 
 
(In thousands)
 
 
Asset category:
 
 
 
 
 
 
 
Fixed income
$
9,354

 
$
36,040

 
$

 
$
45,394

Equity

 
25,802

 

 
25,802

Cash
7,110

 

 

 
7,110

 
$
16,464

 
$
61,842

 
$

 
$
78,306

As of September 29, 2013
 

 
 

 
 

 
 

 
Level 1

 
Level 2

 
Level 3

 
Total

 
 

 
(In thousands)
 
 
 

Asset category:
 
 
 
 
 
Fixed Income
$
9,809

 
$
39,170

 
$

 
$
48,979

Equity (1)
35,313

 

 

 
35,313

Cash
5,043

 

 

 
5,043

 
$
50,165

 
$
39,170

 
$

 
$
89,335


(1) Includes $22.8 million of cash in transit for the purchase of equity securities.
Summary of Significant Unobservable Inputs
For measurements using significant unobservable inputs, Level 3, during fiscal 2012, a reconciliation of the beginning and ending balances is as follows: 
 
Sept. 30, 
 2012

 
(In thousands)

Beginning balance
$
15,167

Contributions
12,417

Transfer to level 2
(25,944
)
Realizied gain
186

Unrealized gain
4,677

Transfers out
(3,361
)
Benefit payments
(3,142
)
Ending balance
$

Schedule of Multi-Employer Plans
The multi-employer contributions listed in the table below are the Company’s multi-employer contributions made in fiscal years 2011, 2012 and 2013. There have been no significant changes that affect the comparability of the fiscal 2011, fiscal 2012 or fiscal 2013 contributions.

 
 
Contributions by the Company
 
 
 
 
 
 
Pension Fund
 
Sept. 25, 
 2011

 
Sept. 30,
2012

 
Sept. 29, 
 2013

 
Surcharge
Imposed
 
Total
Collective
Bargaining
Agreements

 
Expiration
Date of
Collective
Bargaining
Agreements
 
 
(In thousands)
 
 
 
 
 
 
Western Conference of Teamsters Pension Plan
 
$
9,530

 
$
9,575

 
$
9,197

 
No
 
4

 
09/20/15
Southern California United Food & Commercial Workers Unions and Food Employers Joint Pension Plan (1)
 
26,711

 
28,924

 
30,119

 
No
 
1

 
03/02/14
Bakery and Confectionery Union and Industry International Pension Fund
 
234

 
302

 
266

 
No
 
1

 
01/11/15
 
 
$
36,475

 
$
38,801

 
$
39,582

 
 
 
 
 
 
 
(1)
The Company was listed in the plans form 5500 as providing more than 5% of the total contributions.
 
  
 
 
 
Pension
Protection
Act Zone
Status
 
FIP/RP
Status
Pending
Implemented
Pension Fund
 
EIN - PN
 
2012
 
2013
 
Western Conference of Teamsters Pension Plan
 
91-6145047-001
 
Green
 
Green
 
No
Southern California United Food & Commercial Workers Unions and Food Employers Joint Pension Plan (1)
 
95-1939092-001
 
Red
 
Red
 
Implemented
Bakery and Confectionery Union and Industry International Pension Fund
 
52-6118572-011
 
Green
 
Green
 
No

(1) The Company was listed in the plans form 5500 as providing more than 5% of the total contributions.
Schedule of Retirement Plans, Health and Welfare Plans
The Company’s expense for these retirement plans and health and welfare plans consisted of the following:
 
 
Sept. 25, 
 2011

 
Sept. 30, 
 2012

 
Sept. 29, 
 2013

 
(In thousands)
Multi-Employer Pension Plans
$
37,262

 
$
39,588

 
$
40,507

Multi-Employer Health and Welfare
100,061

 
117,840

 
120,526

Total Multi-Employer Benefits
$
137,323

 
$
157,428

 
$
161,033

Pension Plan [Member]
 
Components of Net Pension Expense and Periodic Benefit Costs
The following table provides the components of fiscal 2011, fiscal 2012 and fiscal 2013 net pension expense:
 
 
Sept. 25, 
 2011

 
Sept. 30, 
 2012

 
Sept. 29, 
 2013

 
(In thousands)
Expected return on assets
$
(3,819
)
 
$
(4,094
)
 
$
(4,699
)
Service cost
3,532

 
3,901

 
4,889

Interest cost
4,187

 
4,366

 
4,478

Amortization of prior service cost
2

 
3

 
3

Amortization of recognized losses
1,536

 
2,113

 
2,987

Net pension expense
$
5,438

 
$
6,289

 
$
7,658

Actuarial Assumptions Used to Determine Net Pension Expense and Periodic Benefit Costs
Actuarial assumptions used to determine net pension expense were:
 
 
 
 
 
Discount rate
5.00
%
 
4.50
%
 
3.70
%
Rate of increase in compensation levels
3.00
%
 
3.00
%
 
3.08
%
Expected long-term rate of return on assets
6.50
%
 
6.50
%
 
6.00
%
Actuarial Assumptions Used to Determine Year-End Projected Benefit Obligation
Actuarial assumptions used to determine year-end projected benefit obligation were:
 
 
 
 
 
Weighted-average discount rate
4.50
%
 
3.70
%
 
4.70
%
Weighted-average rate of compensation increase
3.00
%
 
3.08
%
 
3.08
%

Estimated Future Benefit Payments
The following benefit payments, which reflect expected future service as appropriate, are expected to be paid:
 
Pension
Benefits

 
(In thousands)

2014
$
3,662

2015
$
4,050

2016
$
3,952

2017
$
4,353

2018
$
5,726

2019 - 2023
$
35,459

Medical Plan [Member]
 
Components of Net Pension Expense and Periodic Benefit Costs
The following table provides the components of fiscal 2011, fiscal 2012 and fiscal 2013 net periodic benefit costs of the Medical Plan:
 
 
Sept. 25, 
 2011

 
Sept. 30, 
 2012

 
Sept. 29, 
 2013

 
(In thousands)
Service cost
$
54

 
$
55

 
$
69

Interest cost
86

 
81

 
71

Amortization of prior service cost
78

 
78

 
78

Amortization of recognized losses
27

 
22

 
37

Net periodic benefit costs
$
245

 
$
236

 
$
255

Actuarial Assumptions Used to Determine Net Pension Expense and Periodic Benefit Costs
Actuarial assumptions used to determine net periodic benefit costs were:
 
 
 
 
 
Discount rate
4.50
%
 
4.20
%
 
4.20
%
Actuarial Assumptions Used to Determine Year-End Projected Benefit Obligation
Actuarial assumptions used to determine year-end projected benefit obligation were:
 
 
 
 
 
Weighted-average discount rate
4.20
%
 
3.20
%
 
4.20
%
Estimated Future Benefit Payments
The following benefit payments, which reflect expected future service as appropriate, are expected to be paid:
 
 
Medical
Benefits

 
(In thousands)

2014
$
121

2015
$
128

2016
$
117

2017
$
124

2018
$
138

2019 - 2023
$
815