XML 116 R80.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Plans and Postretirement Costs (Details 2) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 30, 2013
Jun. 29, 2014
Pension and SERP Benefits
Jun. 30, 2013
Pension and SERP Benefits
Jul. 01, 2012
Pension and SERP Benefits
Jun. 29, 2014
Postretirement Benefits
Jun. 30, 2013
Postretirement Benefits
Jul. 01, 2012
Postretirement Benefits
COMPONENTS OF NET PERIODIC BENEFIT COST:                  
Service cost       $ 217 $ 216 $ 150 $ 15 $ 15 $ 11
Interest cost       4,407 4,447 4,784 157 181 227
Expected return on plan assets       (6,442) (6,126) (6,411)      
Amortization of prior service cost (credit)       12 12 12 (764) (764) (764)
Amortization of unrecognized net loss       2,665 4,453 2,414 847 898 673
Loss on settlement of pension obligation     2,144   2,144        
Net periodic benefit cost       859 5,146 949 255 330 147
Benefit Obligations:                  
Benefit Obligations, Discount rate       4.39% 5.02%   4.39% 5.02%  
Benefit Obligations, Rate of compensation increases - SERP       3.00% 3.00%        
Net Periodic Benefit Cost:                  
Net Periodic Benefit Cost, Discount rate       5.02% 4.56%   5.02% 4.56%  
Net Periodic Benefit Cost, Expected return on plan assets 6.50% 7.50%   7.50% 7.50%        
Net Periodic Benefit Cost, Rate of compensation increases - SERP       3.00% 3.00%        
CHANGE IN PROJECTED BENEFIT OBLIGATION:                  
Benefit obligation at beginning of year       89,915 103,383   3,540 4,475  
Service cost       217 216 150 15 15 11
Interest cost       4,407 4,447 4,784 157 181 227
Plan Amendments       (3)          
Actuarial (gain) loss       7,030 (8,381)   (112) 239  
Benefits paid       (4,121) (9,750)   (671) (1,370)  
Benefit obligation at end of year       97,445 89,915 103,383 2,929 3,540 4,475
CHANGE IN PLAN ASSETS:                  
Fair value of plan assets at beginning of year 104,340 90,434   90,434 79,517        
Actual return on plan assets       14,021 11,914        
Employer contribution       4,006 8,753   671 1,370  
Benefits paid       (4,121) (9,750)   (671) (1,370)  
Fair value of plan assets at end of year   104,340 90,434 104,340 90,434 79,517      
Funded status – prepaid (accrued) benefit obligations       6,895 519   (2,929) (3,540)  
AMOUNTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS:                  
Other long-term assets       8,768 1,983        
Accrued payroll and benefits (current liabilities)       (254)     (706) (823)  
Accrued benefit obligations (long-term liabilities)       (1,619) (1,464)   (2,223) (2,717)  
Net amount recognized       6,895 519   (2,929) (3,540)  
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME:                  
Net periodic benefit cost       859 5,146 949 255 330 147
Net actuarial (gain) loss       (550) (14,170)   (112) 238  
Prior service cost       (3)          
Amortization of prior service (cost) credits       (12) (12)   764 764  
Amortization of unrecognized net loss       (2,665) (6,597)   (847) (898)  
Total recognized in other comprehensive income, before tax       (3,230) (20,779)   (195) 104  
Total recognized in net periodic benefit cost and other comprehensive income       $ (2,371) $ (15,633)   $ 60 $ 434