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Accumulated Other Comprehensive Loss
 3 Months Ended
Sep. 29, 2016
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 29, 2016 and September 24, 2015. These changes are all related to our defined benefit pension plan.

 

     For the Quarter Ended  
   September 29,
2016		      September 24,
2015		  

Changes to AOCL (a)

      

Balance at beginning of period

    $ (6,425 )     $ (4,834 ) 

Other comprehensive income before reclassifications

      —           —     

Amounts reclassified from accumulated other comprehensive loss

      330         251   

Tax effect

      (125 )       (98 ) 
  

 

 

     

 

 

  

Net current-period other comprehensive income

      205         153   
  

 

 

     

 

 

  

Balance at end of period

    $ (6,220 )     $ (4,681 ) 
  

 

 

     

 

 

  

 

(a) Amounts in parenthesis indicate debits/expense.

The reclassifications out of AOCL for the quarter ended September 29, 2016 and September 24, 2015 were as follows:

 

     For the Quarter Ended      Affected line item in the
Consolidated Statements of
Comprehensive Income		  
   September 29,
2016		      September 24,
2015		     

Reclassifications from AOCL to earnings (b)

         

Amortization of defined benefit pension items:

         

Unrecognized prior service cost

    $ (239 )     $ (239 )       Administrative expenses   

Unrecognized net loss

      (91 )       (12 )       Administrative expenses   
  

 

 

     

 

 

     

Total before tax

      (330 )       (251 )    

Tax effect

      125         98         Income tax expense   
  

 

 

     

 

 

     

Amortization of defined pension items, net of tax

    $ (205 )     $ (153 )    
  

 

 

     

 

 

     

 

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