Accumulated Other Comprehensive Loss

12 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Loss [Abstract]

NOTE 15 — ACCUMULATED OTHER COMPREHENSIVE LOSS

The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the last two fiscal years. These changes are all related to our defined benefit pension plan.


Changes to AOCL (a)	Year Ended June 30, 2022			Year Ended June 24, 2021
Balance at beginning of period	$	(9,025	)	$	(8,630	)
Other comprehensive income (loss) before reclassifications		7,390			(2,195	)
Amounts reclassified from accumulated other comprehensive loss		1,455			1,661
Tax effect		(2,300	)		139

Net current-period other comprehensive income (loss)		6,545			(395	)

Balance at end of period	$	(2,480	)	$	(9,025	)

(a)	Amounts in parenthesis indicate debits/expense.

The reclassifications out of accumulated other comprehensive loss for the last two fiscal years were as follows:


Reclassifications from AOCL to earnings (b)	Year Ended June 30, 2022			Year Ended June 24, 2021			Affected line item in the Consolidated Statements of Comprehensive Income
Amortization of defined benefit pension items:
Unrecognized prior service cost	$	—		$	(478	)	Pension expense (excluding service costs)
Unrecognized net loss		(1,455	)		(1,183	)	Pension expense (excluding service costs)

Total before tax		(1,455	)		(1,661	)
Tax effect		378			432		Income tax expense

Amortization of defined pension items, net of tax	$	(1,077	)	$	(1,229	)

(b)	Amounts in parenthesis indicate debits to expense. See Note 14 — “Retirement Plan” above for additional details.