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Retirement Plan
9 Months Ended
Mar. 28, 2019
Retirement Benefits [Abstract]  
Retirement Plan

Note 8 – 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      For the Thirty-Nine Weeks
Ended
 
     March 28,
2019
     March 29,
2018
     March 28,
2019
     March 29,
2018
 

Service cost

   $ 152      $ 152      $ 457      $ 456  

Interest cost

     224        213        671        638  

Amortization of prior service cost

     239        239        718        718  

Amortization of loss

     24        40        71        121  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit cost

   $ 639      $ 644      $ 1,917      $ 1,933  
  

 

 

    

 

 

    

 

 

    

 

 

 

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.