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Accumulated Other Comprehensive Loss
 9 Months Ended
Mar. 30, 2017
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 thirty-nine weeks ended March 30, 2017 and March 24, 2016. These changes are all related to our defined benefit pension plan.

 

     For the Thirty-Nine Weeks Ended  
Changes to AOCL (a)    March 30,
2017		      March 24,
2016		  

Balance at beginning of period

    $ (6,425 )     $ (4,834 ) 

Other comprehensive income before reclassifications

      —          —    

Amounts reclassified from accumulated other comprehensive loss

      992        755  

Tax effect

      (377 )       (295 ) 
  

 

 

     

 

 

  

Net current-period other comprehensive income

      615        460  
  

 

 

     

 

 

  
     

 

 

  

Balance at end of period

    $ (5,810 )     $ (4,374 ) 
  

 

 

     

 

 

  

 

(a)  Amounts in parenthesis indicate debits/expense.

 

The reclassifications out of AOCL for the quarter and thirty-nine weeks ended March 30, 2017 and March 24, 2016 were as follows:

 

                             Affected line
item in
the Consolidated
Statements of
Comprehensive
Income		  
     For the Quarter Ended     For the Thirty-Nine Weeks
Ended		    
Reclassifications from AOCL to earnings (b)    March 30,
2017		     March 24,
2016		     March 30,
2017		     March 24,
2016		    

Amortization of defined benefit pension items:

           

Unrecognized prior service cost

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

Unrecognized net loss

      (92 )      (12 )      (274 )      (37 )     
 Administrative
expenses		  
 
  

 

 

    

 

 

    

 

 

    

 

 

    

Total before tax

      (331 )      (251 )      (992 )      (755 )   

Tax effect

      126       98       377       295      
 Income tax
expense		  
 
  

 

 

    

 

 

    

 

 

    

 

 

    

Amortization of defined pension items, net of tax

    $ (205 )    $ (153 )    $ (615 )    $ (460 )   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

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