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Retirement Plan
 9 Months Ended
Mar. 28, 2024
Retirement Benefits [Abstract]  
Retirement Plan

Note 10 – Retirement Plan

The Supplemental Employee Retirement Plan (“Retirement Plan”) is an unfunded, non-qualified deferred compensation plan that will provide eligible participants with monthly benefits upon retirement, disability or death, subject to certain conditions. The monthly benefit is based upon each participant’s earnings and his or her number of years of service. The components of net periodic benefit cost are as follows:

 

 

For the Quarter Ended

 

 

For the Thirty-Nine Weeks Ended

 

 

 

March 28,
2024

 

 

March 30,
2023

 

 

March 28,
2024

 

 

March 30,
2023

 

Service cost

 

$

63

 

 

$

200

 

 

$

189

 

 

$

601

 

Interest cost

 

 

350

 

 

 

342

 

 

 

1,050

 

 

 

1,025

 

Amortization of loss

 

 

—

 

 

 

7

 

 

 

—

 

 

 

21

 

Net periodic benefit cost

 

$

413

 

 

$

549

 

 

$

1,239

 

 

$

1,647

 

 

The components of net periodic benefit cost other than the service cost component are included in the line item “Pension expense (excluding service costs)” in the Consolidated Statements of Comprehensive Income.