Accumulated Other Comprehensive Loss

12 Months Ended

Jun. 27, 2024

Accumulated Other Comprehensive Loss [Abstract]

NOTE 16 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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


Changes to Accumulated Other Comprehensive Income (Loss) (a)	Year Ended June 27, 2024			Year Ended June 29, 2023
Balance at beginning of period	$	(204	)	$	(2,480	)
Other comprehensive income before reclassifications		1,663			3,007
Amounts reclassified from accumulated other comprehensive loss		—			28
Tax effect		(415	)		(759	)
Net current-period other comprehensive income		1,248			2,276
Balance at end of period	$	1,044		$	(204	)

(a)

Amounts in parenthesis indicate debits/expense.

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


Reclassifications from Accumulated Other Comprehensive Income (Loss) to earnings (b)	Year Ended June 27, 2024		Year Ended June 29, 2023			Affected line item in the Consolidated Statements of Comprehensive Income
Amortization of defined benefit pension items:
Unrecognized net loss		—		(28	)	Pension expense (excluding service costs)
Tax effect		—		7		Income tax expense
Amortization of defined pension items, net of tax	$	—	$	(21	)

(b)

Amounts in parenthesis indicate debits to expense. See Note 15 — “Retirement Plan” above for additional details.