XML 24 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Retirement Plan
3 Months Ended
Sep. 28, 2017
Retirement Benefits [Abstract]  
Retirement Plan

Note 7 – Retirement Plan

The Supplemental Employee Retirement Plan is an unfunded, non-qualified deferred compensation plan that will provide eligible participants with monthly benefits upon retirement, disability or death, subject to certain conditions. The monthly benefit is based upon each participant’s earnings and his or her number of years of service. The components of net periodic benefit cost are as follows:

 

     For the Quarter Ended  
     September 28,
2017
     September 29,
2016
 

Service cost

   $ 152      $ 158  

Interest cost

     213        203  

Amortization of prior service cost

     239        239  

Amortization of loss

     40        91  
  

 

 

    

 

 

 

Net periodic benefit cost

   $ 644      $ 691  
  

 

 

    

 

 

 

The components of net periodic benefit cost other than the service cost component are included in the line item “Other expense” in the Consolidated Statements of Comprehensive Income.