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Retirement Plan (Tables)

12 Months Ended

Jun. 30, 2016

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 30, 2016				June 25, 2015
Change in projected benefit obligation
Projected benefit obligation at beginning of year		$	18,538			$	15,025
Service cost			491				386
Interest cost			843				642
Actuarial loss			3,573				3,139
Benefits paid			(654	)			(654	)
Projected benefit obligation at end of year		$	22,791			$	18,538

Components of Actuarial Loss Portion of Change in Projected Benefit Obligation

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

		June 30, 2016				June 25, 2015				June 26, 2014
Actuarial Loss
Change in assumed pay increases		$	68			$	342			$	(85	)
Change in discount rate			3,509				(801	)			1,084
Change in mortality assumptions			(132	)			2,150				—
Change in bonus assumption			—				1,191				474
Other			128				257				(19	)
Actuarial loss		$	3,573			$	3,139			$	1,454

Schedule of Net Periodic Pension Cost

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

		June 30, 2016				June 25, 2015				June 26, 2014
Service cost		$	491			$	386			$	323
Interest cost			843				642				634
Recognized loss (gain) amortization			50				—				(68	)
Prior service cost amortization			957				957				957
Net periodic pension cost		$	2,341			$	1,985			$	1,846

Assumptions to Calculate Benefit Obligations and Net Periodic Costs of SERP

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

		June 30, 2016		June 25, 2015
Discount rate		3.61%		4.63%
Rate of compensation increases		4.50%		4.50%
Bonus payment		60% - 85% of base, paid 4 of 5 years		60% - 85% of base, paid 4 of 5 years

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

		June 30, 2016		June 25, 2015		June 26, 2014
Discount rate		4.63%		4.37%		4.90%
Rate of compensation increases		4.50%		4.50%		4.50%
Mortality		RP-2014 white collar with MP- 2014 scale		IRS 2014 (Unisex)		IRS 2013 (Unisex)
Bonus payment		60% - 85% of base, paid 4 of 5 years		60% - 85% 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
2017		$	653
2018			651
2019			644
2020			634
2021			752
2022 — 2026			4,479

Components of AOCL

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

		June 30, 2016				June 25, 2015
Unrecognized net loss		$	(5,926	)		$	(2,404	)
Unrecognized prior service cost			(4,306	)			(5,263	)
Tax effect			3,807				2,833
Net amount unrecognized		$	(6,425	)		$	(4,834	)

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+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
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