COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

4 Months Ended

Jun. 14, 2014

Equity [Abstract]

COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

NOTE 12 – COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

The Company reports comprehensive income in the Condensed Consolidated Statements of Comprehensive Income. Comprehensive income includes all changes in stockholders’ deficit during the applicable reporting period, other than those resulting from investments by and distributions to stockholders. The Company’s comprehensive income is calculated as net earnings (loss) including noncontrolling interests plus or minus adjustments for pension and other postretirement benefit obligations, net of tax, less comprehensive income attributable to noncontrolling interests.

Accumulated other comprehensive loss represents the cumulative balance of other comprehensive income, net of tax, as of the end of the reporting period and relates to pension and other postretirement benefit obligation adjustments, net of tax. Changes in Accumulated other comprehensive loss by component is as follows:

	First Quarter Ended
	June 14, 2014 (16 weeks)			June 15, 2013 (16 weeks)
Pension and postretirement benefit plan accumulated other comprehensive loss at beginning of the fiscal year, net of tax	$	307		$	612
Other comprehensive (income) loss before reclassifications, net of tax expense of $0 and $0, respectively		—			—
Amortization of amounts included in net periodic benefit cost, net of tax expense of $5 and $11, respectively		(11	)		(18	)
Net current-period Other comprehensive income, net of tax expense of $5 and $11, respectively		(11	)		(18	)
Divestiture of NAI pension plan accumulated other comprehensive income, net of tax expense of $0 and $31, respectively		—			(48	)
Pension and postretirement benefit plan accumulated other comprehensive loss at the end of period, net of tax	$	296		$	546

Upon completion of the sale of NAI in the first quarter of fiscal 2014, the Company disposed approximately $48 of Accumulated other comprehensive loss, which was a component of Stockholders’ deficit in the Consolidated Balance Sheets as of February 23, 2013, due to NAI’s assumption of a defined benefit pension plan established and operated under NAI.

Amortization of amounts included in net periodic benefit cost before tax were reclassified out of Accumulated other comprehensive loss into Selling and administrative expenses and Cost of sales of $12 and $4, respectively, for the first quarter of fiscal 2015 and $26 and $3 for the first quarter of fiscal 2014, respectively, in the Condensed Consolidated Statements of Operations. See Note 9—Benefit Plans for information regarding the recognition of pension and other postretirement benefit obligation activity.