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RETIREMENT PLAN (Tables)
12 Months Ended
Jun. 26, 2014
Compensation And Retirement Disclosure [Abstract]  
Changes in Projected Benefit Obligation

The following table presents the changes in the projected benefit obligation for the fiscal years ended:

 

     June 26,
2014
    June 27,
2013
 

Change in projected benefit obligation

    

Benefit obligation at beginning of year

   $ 13,268      $ 13,989   

Service cost

     323        343   

Interest cost

     634        570   

Actuarial loss (gain)

     1,454        (979

Benefits paid

     (654     (655
  

 

 

   

 

 

 

Projected benefit obligation at end of year

   $ 15,025      $ 13,268   
  

 

 

   

 

 

 
Components of Actuarial Loss (Gain) Portion of Change in Projected Benefit Obligation

Components of the actuarial loss (gain) portion of the change in projected benefit obligation are presented below for the fiscal years ended:

 

     June 26,
2014
    June 27,
2013
    June 28,
2012
 

Actuarial Loss (Gain)

      

Change in assumed pay increases

   $ (85   $ 423      $ (35

Change in discount rate

     1,084        (1,555     2,494   

Change in bonus assumption

     474        —          —     

Other

     (19     153        120   
  

 

 

   

 

 

   

 

 

 

Actuarial loss (gain)

   $ 1,454      $ (979   $ 2,579   
  

 

 

   

 

 

   

 

 

 
Schedule of Net Benefit Costs

The components of the net periodic pension cost are as follows for the fiscal years ended:

 

     June 26,
2014
    June 27,
2013
     June 28,
2012
 

Service cost

   $ 323      $ 343       $ 243   

Interest cost

     634        570         600   

Recognized gain amortization

     (68     —           (185

Prior service cost amortization

     957        957         957   
  

 

 

   

 

 

    

 

 

 

Net periodic pension cost

   $ 1,846      $ 1,870       $ 1,615   
  

 

 

   

 

 

    

 

 

 
Assumptions to Calculate Benefit Obligations of SERP

We used the following assumptions to calculate the benefit obligations of our SERP as of the following dates:

 

     June 26,
2014
   June 27,
2013

Discount rate

   4.37%    4.90%

Rate of compensation increases

   4.50%    4.50%

Bonus payment

   60% - 85% of
base,
paid 3 of 5
years
   60% - 70% of
base,
paid 3 of 5
years
Assumptions to Calculate Net Periodic Costs of SERP

We used the following assumptions to calculate the net periodic costs of our SERP as follows for the fiscal years ended:

 

     June 26,
2014
   June 27,
2013
   June 28,
2012

Discount rate

   4.90%    4.17%    5.51%

Rate of compensation increases

   4.50%    4.50%    4.50%

Bonus payment

   60% - 70% of
base,
paid 3 of 5
years
   60% - 70% of
base,
paid 3 of 5
years
   60% - 70% of
base,
paid 3 of 5
years
Benefits Expected to be Paid in Next Ten Fiscal Years

The following table presents the benefits expected to be paid in the next ten fiscal years:

 

Fiscal year

      

2015

   $ 653   

2016

     650   

2017

     642   

2018

     629   

2019

     611   

2020 — 2024

     3,073   
Components of AOCL

The following table presents the components of AOCL that have not yet been recognized in net pension expense:

 

     June 26, 2014     June 27, 2013  

Unrecognized net gain

   $ 735      $ 2,257   

Unrecognized prior service cost

     (6,220     (7,177

Tax effect

     1,982        1,756   
  

 

 

   

 

 

 

Net amount unrecognized

   $ (3,503   $ (3,164