XML 51 R32.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Employee Benefit Plans (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2017
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract] |
Schedule of defined benefit plans disclosure | The following tables provide a reconciliation of the changes in the benefit obligations and the fair value of the plan assets for fiscal 2017 and 2016 and a statement of the funded status for both years. Under the Partnership’s cash balance defined benefit pension plan, the accumulated benefit obligation and the projected benefit obligation are the same.
|  | Pension Benefits |  |  | Retiree Health and Life Benefits |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Reconciliation of benefit obligations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 150,363 |  |  | $ | 146,907 |  |  | $ | 13,778 |  |  | $ | 15,294 |
Interest cost |  |  | 4,164 |  |  |  | 5,041 |  |  |  | 385 |  |  |  | 520 |
Actuarial (gain) loss |  |  | (4,018 | ) |  |  | 11,547 |  |  |  | 123 |  |  |  | (1,198 | )
Lump sum benefits paid |  |  | (20,799 | ) |  |  | (5,816 | ) |  |  | — |  |  |  | — |
Ordinary benefits paid |  |  | (7,063 | ) |  |  | (7,316 | ) |  |  | (1,187 | ) |  |  | (838 | )
Plan amendment |  |  | — |  |  |  | — |  |  |  | (3,246 | ) |  |  | — |
Benefit obligation at end of year |  | $ | 122,647 |  |  | $ | 150,363 |  |  | $ | 9,853 |  |  | $ | 13,778 |
Reconciliation of fair value of plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 101,077 |  |  | $ | 104,303 |  |  | $ | — |  |  | $ | — |
Actual return on plan assets |  |  | 911 |  |  |  | 9,191 |  |  |  | — |  |  |  | — |
Employer contributions |  |  | 11,523 |  |  |  | 715 |  |  |  | 1,187 |  |  |  | 838 |
Lump sum benefits paid |  |  | (20,799 | ) |  |  | (5,816 | ) |  |  | — |  |  |  | — |
Ordinary benefits paid |  |  | (7,063 | ) |  |  | (7,316 | ) |  |  | (1,187 | ) |  |  | (838 | )
Fair value of plan assets at end of year |  | $ | 85,649 |  |  | $ | 101,077 |  |  | $ | — |  |  | $ | — |
Funded status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Funded status at end of year |  | $ | (36,998 | ) |  | $ | (49,286 | ) |  | $ | (9,853 | ) |  | $ | (13,778 | )
Amounts recognized in consolidated balance sheets consist of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net amount recognized at end of year |  | $ | (36,998 | ) |  | $ | (49,286 | ) |  | $ | (9,853 | ) |  | $ | (13,778 | )
Less: current portion |  |  | — |  |  |  | — |  |  |  | 1,243 |  |  |  | 922 |
Noncurrent benefit liability |  | $ | (36,998 | ) |  | $ | (49,286 | ) |  | $ | (8,610 | ) |  | $ | (12,856 | )
Amounts not yet recognized in net periodic benefit cost and included in accumulated other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial net (loss) gain |  | $ | (37,311 | ) |  | $ | (51,391 | ) |  | $ | 5,253 |  |  | $ | 5,764 |
Prior service credits |  |  | — |  |  |  | — |  |  |  | 3,246 |  |  |  | — |
Net amount recognized in accumulated other comprehensive (loss) income |  | $ | (37,311 | ) |  | $ | (51,391 | ) |  | $ | 8,499 |  |  | $ | 5,764 |
Percentage allocation of plan assets | The following table presents the actual allocation of assets held in trust as of:
|  | September 30, |  |  | September 24, |
|  | 2017 |  |  | 2016 |
Fixed income securities |  |  | 85% |  |  |  | 85% |
Equity securities |  |  | 15% |  |  |  | 15% |
|  |  | 100% |  |  |  | 100% |
Schedule of measurement of partnership's pension plan assets by category | The following table describes the measurement of the Partnership’s pension plan assets by asset category as of:
|  | September 30, |  |  | September 24, |
|  | 2017 |  |  | 2016 |
Short term investments (1) |  | $ | 1,498 |  |  | $ | 1,456 |
Equity securities: (1) (2) |  |  |  |  |  |  |  |
Domestic |  |  | 4,701 |  |  |  | 5,397 |
International |  |  | 8,006 |  |  |  | 9,501 |
Fixed income securities (1) (3) |  |  | 71,444 |  |  |  | 84,723 |
|  | $ | 85,649 |  |  | $ | 101,077 |
(1) | Includes funds which are not publicly traded and are valued at the net asset value of the units provided by the fund issuer.
(2) | Includes funds which invest primarily in a diversified portfolio of publicly traded U.S. and Non-U.S. common stock.
(3) | Includes funds which invest primarily in publicly traded and non-publicly traded, investment grade corporate bonds, U.S. government bonds and asset-backed securities.
Schedule of expected benefit payments | The Partnership expects to contribute approximately $10,290 to the defined benefit pension plan during fiscal 2018. Estimated future benefit payments for both pension and retiree health and life benefits are as follows:
|  | Pension |  |  | Retiree Health and |
Fiscal Year |  | Benefits |  |  | Life Benefits |
2018 |  | $ | 27,178 |  |  | $ | 1,243 |
2019 |  |  | 10,212 |  |  |  | 1,166 |
2020 |  |  | 9,383 |  |  |  | 1,074 |
2021 |  |  | 9,760 |  |  |  | 988 |
2022 |  |  | 8,761 |  |  |  | 901 |
2023 through 2027 |  |  | 36,652 |  |  |  | 3,231 |
Components of Net Periodic Benefit Costs | The following table provides the components of net periodic benefit costs included in operating expenses for fiscal 2017, 2016 and 2015:
|  | Pension Benefits |  |  | Retiree Health and Life Benefits |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Interest cost |  | $ | 4,164 |  |  | $ | 5,041 |  |  | $ | 5,128 |  |  | $ | 385 |  |  | $ | 520 |  |  | $ | 575 |
Expected return on plan assets |  |  | (2,150 | ) |  |  | (3,418 | ) |  |  | (4,913 | ) |  |  | — |  |  |  | — |  |  |  | — |
Amortization of prior service credit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (399 | ) |  |  | (490 | )
Settlement charge |  |  | 6,100 |  |  |  | 2,000 |  |  |  | 2,000 |  |  |  | — |  |  |  | — |  |  |  | — |
Recognized net actuarial loss (gain) |  |  | 5,201 |  |  |  | 5,218 |  |  |  | 4,522 |  |  |  | (389 | ) |  |  | (299 | ) |  |  | (196 | )
Net periodic benefit costs |  | $ | 13,315 |  |  | $ | 8,841 |  |  | $ | 6,737 |  |  | $ | (4 | ) |  | $ | (178 | ) |  | $ | (111 | )
Schedule of assumptions used | The assumptions used in the measurement of the Partnership’s benefit obligations as of September 30, 2017 and September 24, 2016 are shown in the following table:
|  | Pension Benefits |  |  | Retiree Health and Life Benefits |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Weighted-average discount rate |  |  | 3.500 | % |  |  | 3.125 | % |  |  | 3.000 | % |  |  | 2.875 | %
Average rate of compensation increase |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
Health care cost trend |  | n/a |  |  | n/a |  |  |  | 6.570 | % |  |  | 6.840 | %
The assumptions used in the measurement of net periodic pension benefit and postretirement benefit costs for fiscal 2017, 2016 and 2015 are shown in the following table:
|  | Pension Benefits |  |  | Retiree Health and Life Benefits |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Weighted-average discount rate |  |  | 3.125 | % |  |  | 3.875 | % |  |  | 3.875 | % |  |  | 2.875 | % |  |  | 3.500 | % |  |  | 3.500 | %
Average rate of compensation increase |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
Weighted-average expected long-term rate of return on plan assets |  |  | 2.400 | % |  |  | 3.900 | % |  |  | 4.900 | % |  | n/a |  |  | n/a |  |  | n/a |
Health care cost trend |  | n/a |  |  | n/a |  |  | n/a |  |  |  | 6.840 | % |  |  | 7.100 | % |  |  | 7.120 | %
Total contributions made to multiemployer pension plans | While no multi-employer pension plan that the Partnership contributed to is individually significant to the Partnership, the table below discloses the MEPPs to which the Partnership contributes. The financial health of a MEPP is indicated by the zone status, as defined by the PPA, which represents the funded status of the plan as certified by the plan's actuary. Plans in the red zone are less than 65% funded, the yellow zone are between 65% and 80% funded, and green zone are at least 80% funded. Total contributions made by the Partnership to multi-employer pension plans for the fiscal year ended September 30, 2017 are shown below.
|  |  |  | PPA Zone Status |  |  |  | Contributions |  |  | Contributions greater than 5% of |  | Expiration
Pension Fund |  | EIN/Pension Plan Number |  | 2017 |  | 2016 |  | FIP/RP Status |  | 2017 |  |  | 2016 |  |  | 2015 |  |  | Total Plan Contributions |  | date of CBA
Local 282 Pension Trust (a) |  | 11-6245313 |  | Green |  | Green |  | n/a |  | $ | 252 |  |  | $ | 281 |  |  | $ | 269 |  |  | No |  | August 2019
Teamsters Industrial Employees Pension Fund (b) |  | 22-6099363 |  | Green |  | Green |  | n/a |  |  | 190 |  |  |  | 207 |  |  |  | 200 |  |  | No |  | March 2021
Other (c) |  |  |  |  |  |  |  | n/a |  |  | 25 |  |  |  | 260 |  |  |  | 604 |  |  | No |  | n/a
|  |  |  |  |  |  |  |  |  | $ | 467 |  |  | $ | 748 |  |  | $ | 1,073 |  |  |  |  |
(a) | Based on most recent available valuation information for plan year ended February 2016.
(b) | Based on most recent available valuation information for plan year ended December 2015.
(c) | Includes the MEPPs from which the Partnership withdrew.

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the percentage allocation of plan assets as of the reporting period. + References No definition available. + Details
Name: | sph_PercentageAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | sph_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DefinedBenefitPensionPlansAndDefinedBenefitPostretirementPlansDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e2439-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e2410-114920 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=77993564&loc=d3e4179-114921 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the quantitative and qualitative information related to multiemployer plans in which the employer participates. A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 + Details
Name: | us-gaap_ScheduleOfMultiemployerPlansTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration