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Post-Retirement Health Care (Tables)
12 Months Ended
Dec. 29, 2018
Retirement Benefits [Abstract]  
Components of Net Periodic Postretirement Benefit Cost
The following table sets forth the activity and reporting location of the benefit obligation and plan assets (in thousands):
 
2018

 
2017

Change in benefit obligation
 
 
 
Benefit obligation at beginning of year
$
22,933

 
$
21,153

Service cost
853

 
741

Interest cost
789

 
825

Benefits paid
(1,570
)
 
(1,003
)
Actuarial (gain) loss
(3,453
)
 
1,217

Benefit obligation at end of year
$
19,552

 
$
22,933

Change in plan assets
 

 
 

Fair value at beginning of year
$

 
$

Actual return on assets

 

Employer contribution
1,570

 
1,003

Transferred out

 

Benefits paid
(1,570
)
 
(1,003
)
Fair value at end of year
$

 
$

Funded Status of Plan
$
(19,552
)
 
$
(22,933
)
 
 
 
 
Amounts recognized in the Statement of Financial Position consist of:
 

 
 

Current liabilities
$
1,057

 
$
1,050

Non-current liabilities
$
18,495

 
$
21,883

 
 
 
 
Amounts recognized in Accumulated Other Comprehensive Income (before tax) consist of:
 

 
 

Actuarial (gain) loss
$
(14
)
 
$
3,565

 


 


Change in Accumulated Other Comprehensive Income (before tax):
 

 
 

Amount disclosed at beginning of year
$
3,565

 
$
2,373

Actuarial (gain) loss
(3,453
)
 
1,217

Amortization of transition amount
(126
)
 
(25
)
Amount disclosed at end of year
$
(14
)
 
$
3,565

Schedule of Expected Benefit Payments
Estimated future benefit payments are as follows (in thousands):
Fiscal 2019
$
1,056

Fiscal 2020
$
1,053

Fiscal 2021
$
1,051

Fiscal 2022
$
1,065

Fiscal 2023
$
1,085

Fiscal 2024 – 2028
$
5,885

Schedule of Expected Contributions
Expected contributions are as follows (in thousands):
Fiscal 2019
$
1,056

Schedule of Assumptions Used
The discount rate used was as follows:
 
2018

 
2017

 
2016

Discount rate
4.2
%
 
3.5
%
 
4.0
%
Schedule of Net Benefit Costs
The following table sets forth the components of net periodic benefit costs (in thousands):
 
2019

Service cost
$
680

Interest cost
795

Amortization of net (gain) loss

Net periodic post-retirement benefit cost
$
1,475