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Accumulated Other Comprehensive Loss
 9 Months Ended
Mar. 26, 2015
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 thirty-nine weeks ended March 26, 2015 and March 27, 2014. These changes are all related to our defined benefit pension plan.

 

Changes to AOCL (a)    For the Thirty-nine Weeks Ended  
   March 26, 2015      March 27, 2014  

Balance at beginning of period

    $ (3,503 )     $ (3,164 ) 

Other comprehensive income before reclassifications

      —           —     

Amounts reclassified from accumulated other comprehensive loss

      718         667   

Tax effect

      (287 )       (267 ) 
  

 

 

     

 

 

  

Net current-period other comprehensive income

   431      400   
  

 

 

     

 

 

  

Balance at end of period

 $ (3,072 )  $ (2,764 ) 
  

 

 

     

 

 

  

 

(a)  Amounts in parenthesis indicate debits/expense.

The reclassifications out of accumulated other comprehensive loss for the quarter and thirty-nine weeks ended March 26, 2015 and March 27, 2014 were as follows:

 

Reclassifications from AOCL to earnings (b)    For the Quarter Ended     For the Thirty-nine Weeks
Ended		    

Affected line

item in

the Consolidated

Statements of
Comprehensive
Income
   March 26,
2015		     March 27,
2014		     March 26,
2015		     March 27,
2014		    

Amortization of defined benefit pension items:

           

Unrecognized prior service cost

    $ (239 )    $ (239 )    $ (718 )    $ (718 )    Administrative
expenses

Unrecognized net gain

      —          17        —          51      Administrative
expenses
  

 

 

    

 

 

    

 

 

    

 

 

    

Total before tax

   (239 )    (222 )    (718 )    (667 ) 

Tax effect

   95      89      287      267    Income tax expense
  

 

 

    

 

 

    

 

 

    

 

 

    

Amortization of defined pension items, net of tax

 $ (144 )  $ (133 )  $ (431 )  $ (400 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

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