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Accumulated Other Comprehensive Loss
 3 Months Ended
Sep. 24, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 8 – Accumulated Other Comprehensive Loss

The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the quarter ended September 24, 2015 and September 25, 2014. These changes are all related to our defined benefit pension plan.

 

     For the Quarter Ended  
Changes to AOCL (a)    September 24,
2015		      September 25,
2014		  

Balance at beginning of period

    $ (4,834 )     $ (3,503 ) 

Other comprehensive income before reclassifications

      —           —     

Amounts reclassified from accumulated other comprehensive loss

      251         239   

Tax effect

      (98 )       (96 ) 
  

 

 

     

 

 

  

Net current-period other comprehensive income

      153         143   
  

 

 

     

 

 

  

Balance at end of period

    $ (4,681 )     $ (3,360 ) 
  

 

 

     

 

 

  

 

(a)  Amounts in parenthesis indicate debits/expense.

The reclassifications out of AOCL for the quarter ended September 24, 2015 and September 25, 2014 were as follows:

 

     For the Quarter Ended      Affected line item in the
Consolidated Statements of
Comprehensive Income
Reclassifications from AOCL to earnings (b)    September 24,
2015		      September 25,
2014		     

Amortization of defined benefit pension items:

         

Unrecognized prior service cost

    $ (239 )     $ (239 )     Administrative expenses

Unrecognized net loss

      (12 )       —         Administrative expenses
  

 

 

     

 

 

     

Total before tax

      (251 )       (239 )    

Tax effect

      98         96       Income tax expense
  

 

 

     

 

 

     

Amortization of defined pension items, net of tax

    $ (153 )     $ (143 )    
  

 

 

     

 

 

     

 

(b)  Amounts in parenthesis indicate debits to expense. See Note 7 – “Retirement Plan” above for additional details.