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Accumulated Other Comprehensive Loss
6 Months Ended
Dec. 29, 2022
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
Note 11 – Accumulated Other Comprehensive Loss
The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the
twenty-six
weeks ended December 29, 2022 and December 23, 2021.
These changes are all related to our defined benefit pension plan.
 

Changes to AOCL
(a)
  
For the Twenty-Six Weeks Ended
 
  
December 29,
2022
 
  
December 23,
2021
 
Balance at beginning of period
  
$
(2,480
)
 
$
(9,025
Other comprehensive income before reclassifications
  
 
—  
   
 
—  
 
Amounts reclassified from accumulated other comprehensive loss
  
 
14
 
  
 
728
 
Tax effect
  
 
(3
)
  
 
(190
 
  
 
 
 
  
 
 
 
Net current-period other comprehensive income
  
 
11
 
  
 
538
 
 
  
 
 
 
  
 
 
 
Balance at end of period
  
$
(2,469
)
  
$
(8,487
 
  
 
 
 
  
 
 
 
(a)
Amounts in parenthesis indicate debits/expense.
The reclassifications out of AOCL for the quarter and
twenty-six
weeks ended December 29, 2022
an
d December 23, 2021
were
as
follows:
 
 
  
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
Affected Line Item in
the Consolidated Statements
of Comprehensive Income
Reclassifications from AOCL to Earnings
(b)
  
For the Quarter Ended
 
 
For the
Twenty-Six
Weeks
Ended
 
  
December 29,
2022
 
 
December 23,
2021
 
 
December 29,
2022
 
  
December 23,
2021
 
Amortization of defined benefit pension items:
                                             
Unrecognized net loss
     (7     (364     (14              (728   Pension expense (excluding service costs)
Tax effect
     2       95       3                190     Income tax expense
    
 
 
   
 
 
   
 
 
            
 
 
     
Amortization of defined pension items, net of tax
   $ (5   $ (269   $ (11            $ (538    
    
 
 
   
 
 
   
 
 
            
 
 
     
(b)
Amounts in parenthesis indicate debits to expense. See Note 10 – “Retirement Plan” above f
or a
dditional details.