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Accumulated Other Comprehensive Loss
 6 Months Ended
Dec. 25, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 10 – Accumulated Other Comprehensive Loss

The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the twenty-six weeks ended December 25, 2014 and December 26, 2013. These changes are all related to our defined benefit pension plan.

 

Changes to AOCL (a)    For the Twenty-six Weeks Ended  
   December 25,
2014		      December 26,
2013		  

Balance at beginning of period

    $ (3,503 )     $ (3,164 ) 

Other comprehensive income before reclassifications

      —           —     

Amounts reclassified from accumulated other comprehensive loss

      479         445   

Tax effect

      (192 )       (178 ) 
  

 

 

     

 

 

  

Net current-period other comprehensive income

   287      267   
  

 

 

     

 

 

  

Balance at end of period

 $ (3,216 )  $ (2,897 ) 
  

 

 

     

 

 

  

 

(a)  Amounts in parenthesis indicate debits/expense.

The reclassifications out of accumulated other comprehensive loss for the quarter and twenty-six weeks ended December 25, 2014 and December 26, 2013 were as follows:

 

     For the Quarter Ended     For the Twenty-six Weeks
Ended		    

Affected line

item in

the Consolidated
Statements of
Reclassifications from AOCL to earnings (b)    December 25,
2014		     December 26,
2013		     December 25,
2014		     December 26,
2013		    

Comprehensive
Income

Amortization of defined benefit pension items:

           

Unrecognized prior service cost

    $ (240 )    $ (240 )    $ (479 )    $ (479 )    Administrative expenses

Unrecognized net gain

      —          17        —          34      Administrative expenses
  

 

 

    

 

 

    

 

 

    

 

 

    

Total before tax

   (240 )    (223 )    (479 )    (445 ) 

Tax effect

   96      89      192      178    Income tax expense
  

 

 

    

 

 

    

 

 

    

 

 

    

Amortization of defined pension items, net of tax

 $ (144 )  $ (134 )  $ (287 )  $ (267 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

(b)  Amounts in parenthesis indicate debits to expense. See Note 9-Retirement Plan above for additional details.