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Accumulated Other Comprehensive Loss | 8 Months Ended
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May 04, 2019
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Note I – Accumulated Other Comprehensive Loss Accumulated other comprehensive loss includes certain adjustments to pension liabilities, foreign currency translation adjustments, certain activity for interest rate swaps and treasury rate locks that qualify as cash flow hedges and unrealized gains (losses) on available-for-sale debt securities. Changes in Accumulated other comprehensive loss for the twelve week periods ended May 4, 2019 and May 5, 2018 consisted of the following:
(in thousands) |  |  | Pension ‎ Liability (6) |  |  |  | Foreign Currency and Other (3) |  |  |  | Net Unrealized Gain (Loss) on Securities |  |  |  | Derivatives |  |  |  | Total |
Balance at February 9, 2019 |  |  | $ | – |  |  |  | $ | (230,140 | ) |  |  | $ | (442 | ) |  |  | $ | (5,255 | ) |  |  | $ | (235,837 | )
Other comprehensive (loss) income before reclassifications (1) |  |  |  | – |  |  |  |  | (1,409 | ) |  |  |  | 277 |  |  |  |  | – |  |  |  |  | (1,132 | )
Amounts reclassified from Accumulated other comprehensive loss ( 1 ) |  |  |  | – |  |  |  |  | – |  |  |  |  | (31 | ) (4) |  |  |  | 388 | (5) |  |  |  | 357 |
Balance at May 4, 2019 |  |  | $ | – |  |  |  | $ | (231,549 | ) |  |  | $ | (196 | ) |  |  | $ | (4,867 | ) |  |  | $ | (236,612 | )
(in thousands) |  | Pension Liability |  | Foreign Currency and Other (3) |  |  | Net Unrealized Gain (Loss) on Securities |  |  |  | Derivatives |  |  |  | Total |
Balance at February 10, 2018 |  |  | $ | (68,699 | ) |  |  | $ | (211,524 | ) |  |  | $ | (585 | ) |  |  | $ | (5,576 | ) |  |  | $ | (286,384 | )
Other comprehensive (loss) before reclassifications (1) |  |  |  | – |  |  |  |  | (10,674 | ) |  |  |  | (301 | ) |  |  |  | – |  |  |  |  | (10,975 | )
Amounts reclassified from Accumulated other comprehensive loss ( 1 ) |  |  |  | 1,847 | (2) |  |  |  | – |  |  |  |  | (17 | ) (4) |  |  |  | 390 | (5) |  |  |  | 2,220 |
Balance at May 5, 2018 |  |  | $ | (66,852 | ) |  |  | $ | (222,198 | ) |  |  | $ | (903 | ) |  |  | $ | (5,186 | ) |  |  | $ | (295,139 | )
(1) | Amounts in parentheses indicate debits to Accumulated other comprehensive loss. |
(2) | Represents amortization of pension liability adjustments, net of taxes of $631 for the twelve weeks ended May 5, 2018, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. |
(3) | Foreign currency is shown net of U.S. tax to account for foreign currency impacts of certain undistributed non-U.S. subsidiaries earnings. Other foreign currency is not shown net of additional U.S. tax as other basis differences of non-U.S. subsidiaries are intended to be permanently reinvested. |
(4) | Represents realized gains (losses) on marketable debt securities, net of taxes of $8 for the twelve weeks ended May 4, 2019, and $3 for the twelve weeks ended May 5, 2018, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note D – Marketable Debt Securities” for further discussion. |
(5) | Represents gains on derivatives, net of taxes of $120 for the twelve weeks ended May 4, 2019 and $119 for the twelve weeks ended May 5, 2018, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion. |
(6) | On December 19, 2017, the Board approved a resolution to terminate both of the Company’s pension plans, effective March 15, 2018. During the fourth quarter of 2018, the Company completed the termination and no longer has any remaining defined pension benefit obligation. |
Changes in Accumulated other comprehensive loss for the thirty-six week periods ended May 4, 2019 and May 5, 2018 consisted of the following:
(in thousands) |  |  | Pension ‎ Liability (6) |  |  |  | Foreign Currency and Other (3) |  |  |  | Net Unrealized Gain (Loss) on Securities |  |  |  | Derivatives |  |  |  | Total |
Balance at August 25, 2018 |  |  | $ | – |  |  |  | $ | (228,899 | ) |  |  | $ | (873 | ) |  |  | $ | (6,033 | ) |  |  | $ | (235,805 | )
Other comprehensive (loss) income before reclassifications (1) |  |  |  | – |  |  |  |  | (2,650 | ) |  |  |  | 707 |  |  |  |  | – |  |  |  |  | (1,943 | )
Amounts reclassified from Accumulated other comprehensive loss ( 1 ) |  |  |  | – |  |  |  |  | – |  |  |  |  | (30 | ) (4) |  |  |  | 1,166 | (5) |  |  |  | 1,136 |
Balance at May 4, 2019 |  |  | $ | – |  |  |  | $ | (231,549 | ) |  |  | $ | (196 | ) |  |  | $ | (4,867 | ) |  |  | $ | (236,612 | )
(in thousands) |  |  | Pension Liability |  |  |  | Foreign Currency and Other (3) |  |  |  | Net Unrealized Gain (Loss) on Securities |  |  |  | Derivatives |  |  |  | Total |
Balance at August 26, 2017 |  |  | $ | (72,376 | ) |  |  | $ | (175,814 | ) |  |  | $ | (11 | ) |  |  | $ | (6,356 | ) |  |  | $ | (254,557 | )
Other comprehensive (loss) before reclassifications (1) |  |  |  | – |  |  |  |  | (46,384 | ) |  |  |  | (839 | ) |  |  |  | – |  |  |  |  | (47,223 | )
Amounts reclassified from Accumulated other comprehensive loss ( 1 ) |  |  |  | 5,524 | (2) |  |  |  | – |  |  |  |  | (53 | ) (4) |  |  |  | 1,170 | (5) |  |  |  | 6,641 |
Balance at May 5, 2018 |  |  | $ | (66,852 | ) |  |  | $ | (222,198 | ) |  |  | $ | (903 | ) |  |  | $ | (5,186 | ) |  |  | $ | (295,139 | )
| (1) | Amounts in parentheses indicate debits to Accumulated other comprehensive loss.
| (2) | Represents amortization of pension liability adjustments, net of taxes of $1,909 for the thirty-six weeks ended May 5, 2018, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income.
| (3) | Foreign currency is shown net of U.S. tax to account for foreign currency impacts of certain undistributed non-U.S. subsidiaries earnings. Other foreign currency is not shown net of additional U.S. tax as other basis differences of non-U.S. subsidiaries are intended to be permanently reinvested.
| (4) | Represents realized gains (losses) on marketable debt securities, net of taxes of $8 for the thirty-six weeks ended May 4, 2019, and $20 for the thirty-six weeks ended May 5, 2018, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note D – Marketable Debt Securities” for further discussion.
| (5) | Represents gains on derivatives, net of taxes of $360 for the thirty-six weeks ended May 4, 2019 and $356 for the thirty-six weeks ended May 5, 2018, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.
| (6) | On December 19, 2017, the Board approved a resolution to terminate both of the Company’s pension plans, effective March 15, 2018. During the fourth quarter of 2018, the Company completed the termination and no longer has any remaining defined pension benefit obligation.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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