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Amounts Reclassified Out of Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Sep. 28, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Reclassification out of accumulated other comprehensive (loss) income

The following table summarizes amounts reclassified out of accumulated other comprehensive (loss) income for the years ended September 28, 2024, September 30, 2023 and September 24, 2022:

 

 

 

Year Ended

 

 

 

September 28,

 

 

September 30,

 

 

September 24,

 

 

 

2024

 

 

2023

 

 

2022

 

Pension Benefits

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(15,190

)

 

$

(17,797

)

 

$

(23,303

)

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

Net change in funded status of benefit plan

 

 

3,254

 

 

 

680

 

 

 

2,199

 

Reclassifications to earnings:

 

 

 

 

 

 

 

 

 

Recognition of net actuarial loss for pension
   settlement
(1)

 

 

638

 

 

 

 

 

 

840

 

Amortization of net loss (1)

 

 

1,489

 

 

 

1,927

 

 

 

2,467

 

Other comprehensive income (loss)

 

 

5,381

 

 

 

2,607

 

 

 

5,506

 

Balance, end of period

 

$

(9,809

)

 

$

(15,190

)

 

$

(17,797

)

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

4,523

 

 

$

5,201

 

 

$

5,719

 

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

Prior service credits

 

 

 

 

 

132

 

 

 

 

Net change in plan obligation

 

 

164

 

 

 

463

 

 

 

705

 

Reclassifications to earnings:

 

 

 

 

 

 

 

 

 

Amortization of prior service credits (1)

 

 

(284

)

 

 

(498

)

 

 

(498

)

Amortization of net gain (1)

 

 

(741

)

 

 

(775

)

 

 

(725

)

Other comprehensive (loss) income

 

 

(861

)

 

 

(678

)

 

 

(518

)

Balance, end of period

 

$

3,662

 

 

$

4,523

 

 

$

5,201

 

 

 

 

 

 

 

 

 

 

 

Accumulated Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(10,667

)

 

$

(12,596

)

 

$

(17,584

)

Other comprehensive income before reclassifications

 

 

3,418

 

 

 

1,275

 

 

 

2,904

 

Recognition of net actuarial loss for pension settlement

 

 

638

 

 

 

 

 

 

840

 

Reclassifications to earnings

 

 

464

 

 

 

654

 

 

 

1,244

 

Other comprehensive (loss) income

 

 

4,520

 

 

 

1,929

 

 

 

4,988

 

Balance, end of period

 

$

(6,147

)

 

$

(10,667

)

 

$

(12,596

)

 

(1) These amounts are included in the computation of net periodic benefit cost. See Note 12, “Employee Benefit Plans.”