XML 55 R40.htm IDEA: XBRL DOCUMENT v3.19.2

Retirement Plan (Tables)

12 Months Ended

Jun. 27, 2019

Retirement Benefits [Abstract]

Changes in Projected Benefit Obligation

The following table presents the changes in the projected benefit obligation for the fiscal years ended:

		June 27, 2019				June 28, 2018
Change in projected benefit obligation
Projected benefit obligation at beginning of year		$	21,934			$	21,641
Service cost			610				607
Interest cost			895				851
Actuarial loss (gain)			2,597				(511	)
Benefits paid			(654	)			(654	)
Projected benefit obligation at end of year		$	25,382			$	21,934

Components of Actuarial (Gain) Loss Portion of Change in Projected Benefit Obligation

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

		June 27, 2019				June 28, 2018				June 29, 2017
Actuarial Loss (Gain)
Change in assumed pay increases		$	293			$	(56	)		$	124
Change in discount rate			2,174				(523	)			(1,402	)
Change in mortality assumptions			(69	)			(117	)			(193	)
Other			199				185				(467	)
Actuarial loss (gain)		$	2,597			$	(511	)		$	(1,938	)

Schedule of Net Periodic Pension Cost

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

		June 27, 2019				June 28, 2018				June 29, 2017
Service cost		$	610			$	607			$	631
Interest cost			895				851				811
Recognized loss amortization			95				162				365
Prior service cost amortization			957				957				957
Net periodic pension cost		$	2,557			$	2,577			$	2,764

Assumptions to Calculate Benefit Obligation and Net Periodic Costs of SERP

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

		June 27, 2019		June 28, 2018
Discount rate		3.56%		4.14%
Average rate of compensation increases		4.13%		3.38%
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 27, 2019		June 28, 2018		June 29, 2017
Discount rate		4.14%		3.99%		3.61%
Rate of compensation increases		3.38%		4.50%		4.50%
Mortality		RP-2014 white collar with MP- 2017 scale		RP-2014 white collar with MP- 2016 scale		RP-2014 white collar with MP- 2015 scale
Bonus payment		60% -85% of base, paid 4 of 5 years		60% -85% of base, paid 4 of 5 years		60% -85% of base, paid 4 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
2020		$	645
2021			763
2022			737
2023			705
2024			668
2025 — 2029			6,830

Components of AOCL

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

		June 27, 2019				June 28, 2018
Unrecognized net loss		$	(5,453	)		$	(2,951	)
Unrecognized prior service cost			(1,435	)			(2,392	)
Tax effect			2,563				2,162
Net amount unrecognized		$	(4,325	)		$	(3,181	)

X

- Definition

Schedule Of Actuarial Gain Loss In Projected Benefit Obligation [Table Text Block]

+ References

No definition available.

+ Details

Name:	jbss_ScheduleOfActuarialGainLossInProjectedBenefitObligationTableTextBlock
Namespace Prefix:	jbss_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetPeriodicBenefitCostNotYetRecognizedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration