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Retirement Plan
9 Months Ended
Mar. 27, 2014
Compensation And Retirement Disclosure [Abstract]  
Retirement Plan

Note 9 – Retirement Plan

On August 2, 2007, our Compensation, Nominating and Corporate Governance Committee approved a restated Supplemental Retirement Plan (the “SERP”) for certain of our executive officers and key employees, effective as of August 25, 2005. The purpose of the SERP is to provide an unfunded, non-qualified deferred compensation benefit upon retirement, disability or death to certain executive officers and key employees. The monthly benefit is based upon each individual’s earnings and his or her number of years of service. Administrative expenses include the following net periodic benefit costs:

 

     For the Quarter Ended      For the Thirty-nine Weeks
Ended
 
     March 27,
2014
    March 28,
2013
     March 27,
2014
    March 28,
2013
 

Service cost

   $ 81      $ 86       $ 242      $ 257   

Interest cost

     159        142         476        427   

Amortization of prior service cost

     239        239         718        718   

Amortization of gain

     (17     —           (51     —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Net periodic benefit cost

   $ 462      $ 467       $ 1,385      $ 1,402