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Accumulated Other Comprehensive Loss
 6 Months Ended
Dec. 29, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 9 – Accumulated Other Comprehensive Loss

The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the twenty-six weeks ended December 29, 2016 and December 24, 2015. These changes are all related to our defined benefit pension plan.

 

Changes to AOCL (a)    For the Twenty-six Weeks
Ended		  
   December 29,
2016		      December 24,
2015		  

Balance at beginning of period

    $ (6,425 )     $ (4,834 ) 

Other comprehensive income before reclassifications

      —           —     

Amounts reclassified from accumulated other comprehensive loss

      661         504   

Tax effect

      (251 )       (197 ) 
  

 

 

     

 

 

  

Net current-period other comprehensive income

      410         307   
  

 

 

     

 

 

  

Balance at end of period

    $ (6,015 )     $ (4,527 ) 
  

 

 

     

 

 

  

 

(a)  Amounts in parenthesis indicate debits/expense.

 

The reclassifications out of AOCL for the quarter and twenty-six weeks ended December 29, 2016 and December 24, 2015 were as follows:

 

Reclassifications from AOCL to earnings (b)   

 

For the Quarter Ended

    

 

For the Twenty-six Weeks
Ended

     Affected line
item in
the Consolidated
Statements of
Comprehensive
Income		  
   December 29,
2016		     December 24,
2015		     December 29,
2016		     December 24,
2015		    

Amortization of defined benefit pension items:

           

Unrecognized prior service cost

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

Unrecognized net loss

      (91 )      (13 )      (182 )      (25 )     
 		 Administrative
expenses		   
  
  

 

 

    

 

 

    

 

 

    

 

 

    

Total before tax

      (331 )      (253 )      (661 )      (504 )   

Tax effect

      126        99        251        197       
 		 Income tax
expense		   
  
  

 

 

    

 

 

    

 

 

    

 

 

    

Amortization of defined pension items, net of tax

    $ (205 )    $ (154 )    $ (410 )    $ (307 )   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

(b)  Amounts in parenthesis indicate debits to expense. See Note 8 – “Retirement Plan” above for additional details.