Accumulated Other Comprehensive Loss

6 Months Ended

Dec. 28, 2023

Accumulated Other Comprehensive Loss [Abstract]

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 28, 2023 and December 29, 2022. These changes are all related to our defined benefit pension plan.


	For the Twenty-Six Weeks Ended
Changes to AOCL (a)	December 28, 2023			December 29, 2022
Balance at beginning of period	$	(204	)	$	(2,480	)
Other comprehensive income before reclassifications		—			—
Amounts reclassified from accumulated other comprehensive loss		—			14
Tax effect		—			(3	)
Net current-period other comprehensive income		—			11
Balance at end of period	$	(204	)	$	(2,469	)

(a)

Amounts in parenthesis indicate debits/expense.

The reclassifications out of AOCL for the quarter and twenty-six weeks ended December 28, 2023 and December 29, 2022 were as follows:


	For the Quarter Ended					For the Twenty-Six Weeks Ended					Affected Line Item
Reclassifications from AOCL to Earnings (b)	December 28, 2023		December 29, 2022			December 28, 2023		December 29, 2022			Consolidated Statements of Comprehensive Income
Amortization of defined benefit pension items:
Unrecognized net loss	$	—	$	(7	)	$	—	$	(14	)	Pension expense (excluding service costs)
Tax effect		—		2			—		3		Income tax expense
Amortization of defined pension items, net of tax	$	—	$	(5	)	$	—	$	(11	)

(b)

Amounts in parenthesis indicate debits to expense. See Note 10 – “Retirement Plan” above for additional details.