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Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Dec. 26, 2019

Note 10 – Accumulated Other Comprehensive Loss

The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the

twenty-six

weeks ended December 26, 2019 and December 27, 2018.

These changes are all related to our defined benefit pension plan.


Changes to AOCL (a)	For the Twenty-Six Weeks Ended
Changes to AOCL (a)	December 26, 2019			December 27, 2018
Balance at beginning of period	$	(4,325	)	$	(3,181	)
Other comprehensive income before reclassifications		—			—
Amounts reclassified from accumulated other comprehensive loss		687			526
Tax effect		(172	)		(132	)

Net current-period other comprehensive income		515			394
Impact of adopting ASU 2018-02 (b)		(976	)		—

Balance at end of period	$	(4,786	)	$	(2,787	)

(a)	Amounts in parenthesis indicate debits/expense.

(b)	See Note 15 – “Recent Accounting Pronouncements” for additional information.

The reclassifications out of AOCL for the quarter and

twenty-six

weeks ended December 26, 2019 and December 27, 2018 were as follows:


	For the Quarter Ended						For the Twenty-six Weeks Ended						Affected line item in the Consolidated
Reclassifications from AOCL to earnings (c)	December 26, 2019			December 27, 2018			December 26, 2019			December 27, 2018			Statements of Comprehensive Income
Amortization of defined benefit pension items:
Unrecognized prior service cost	$	(240	)	$	(240	)	$	(479	)	$	(479	)		Other expense
Unrecognized net loss		(104	)		(23	)		(208	)		(47	)		Other expense

Total before tax		(344	)		(263	)		(687	)		(526	)
Tax effect		86			66			172			132			Income tax expense

Amortization of defined pension items, net of tax	$	(258	)	$	(197	)	$	(515	)	$	(394	)

(c)	Amounts in parenthesis indicate debits to expense. See Note 9 – “Retirement Plan” above for additional details.