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Accumulated Other Comprehensive Loss
3 Months Ended
Sep. 26, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Note 10 – Accumulated Other Comprehensive Loss
 
The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the quarter ended September 26, 2019 and September 27, 2018.
These changes are all related to our defined benefit pension plan.
 
Changes to AOCL
(a)
  
For
 
the
 
Quarter
 
Ended
 
  
September 26,
2019
   
September 27,
2018
 
Balance at beginning of period
  $(4,325)  $(3,181)
Other comprehensive income before reclassifications
        
Amounts reclassified from accumulated other comprehensive loss
   343    263 
Tax effect
   (86)   (66)
Net current-period other comprehensive income
   257    197 
Impact of adopting ASU
2018-02
(b)
   (976)    
   
 
 
   
 
 
 
Balance at end of period
  $(5,044)  $(2,984)
   
 
 
   
 
 
 
 
(a)
Amounts in parenthesis indicate debits/expense.
(b)
See Note 14 – “Recent Accounting Pronouncements” for additional information.
 
 
The reclassifications out of AOCL for the quarter ended September 26, 2019 and September 27, 2018 were as follows:
 
Reclassifications from AOCL to earnings
 (
c
)
  
For the Quarter Ended
   
Affected line item in the
Consolidated Statements of
Comprehensive Income
 
  
September 26,
2019
   
September 27,
2018
 
Amortization of defined benefit pension items:
               
Unrecognized prior service cost
  $(239  $(239   Other expense 
Unrecognized net loss
   (104   (24   Other expense 
   
 
 
   
 
 
      
Total before tax
   (343   (263     
Tax effect
   86    66    Income tax expense 
Amortization of defined pension items, net of tax
  $(257)  $(197     
 
 
(c)
 
Amounts in parenthesis indicate debits to expense. See Note 9 – “Retirement Plan” above for additional details
.