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Employee Benefits (Tables)
 12 Months Ended
Dec. 30, 2017
Retirement Benefits [Abstract]  
Schedule of changes in projected benefit obligations and change in plan assets The following tables set forth the change in projected benefit obligation and the change in plan assets for the pension plan:
 
December 30,
2017
 
December 31,
2016
 
(In thousands)
Change in projected benefit obligation:
 
 
 
Projected benefit obligation at beginning of period
$
113,436

 
$
115,055

Service cost
633

 
996

Interest cost
4,663

 
4,901

Actuarial loss
5,808

 
2,094

Curtailment gain
(310
)
 
(181
)
Benefits paid
(5,418
)
 
(9,429
)
Projected benefit obligation at end of period
118,812

 
113,436

Change in plan assets:
 

 
 

Fair value of assets at beginning of period
79,087

 
78,264

Actual return on plan assets
11,109

 
4,868

Employer contributions
3,674

 
5,384

Benefits paid
(5,418
)
 
(9,429
)
Fair value of assets at end of period
88,452

 
79,087

Net unfunded status of plan
$
(30,360
)
 
$
(34,349
)
Schedule of amounts recognized on consolidated balance sheets The unfunded status recorded as Pension Benefit Obligation on our Consolidated Balance Sheets for the pension plan is set forth in the following table, along with the unrecognized actuarial loss, which is presented as part of Accumulated Other Comprehensive Loss:
 
December 30,
2017
 
December 31,
2016
 
(In thousands)
Unfunded status                                                                                                                            
$
(30,360
)
 
$
(34,349
)
Unrecognized prior service cost
—

 
—

Unrecognized actuarial loss
33,884

 
34,014

Net amount recognized
$
3,524

 
$
(335
)
Amounts recognized on the balance sheet consist of:
 

 
 

Accrued pension liability
$
(30,360
)
 
$
(34,349
)
Accumulated other comprehensive loss (pre-tax)
33,884

 
34,014

Net amount recognized
$
3,524

 
$
(335
)
Schedule of net periodic pension cost for pension plans Net periodic pension cost (credit) for the pension plan included the following:
 
Fiscal Year Ended
December 30,
2017
 
Fiscal Year Ended
December 31,
2016
 
Fiscal Year Ended
January 2,
2016
 
(In thousands)
Service cost                                                                                              
$
633

 
$
996

 
$
1,104

Interest cost on projected benefit obligation
4,663

 
4,901

 
5,099

Expected return on plan assets
(6,538
)
 
(6,224
)
 
(6,172
)
Amortization of unrecognized loss
1,056

 
1,126

 
699

Net periodic pension cost (credit)
$
(186
)
 
$
799

 
$
730
Schedule of assumptions used to determine the projected benefit obligation The following assumptions were used to determine the projected benefit obligation at the measurement date and the net periodic pension cost:
 
December 30, 2017
 
December 31, 2016
Projected benefit obligation:
 
 
 
Discount rate
3.69
%
 
4.26
%
Average rate of increase in future compensation levels
Graded 5.5-2.5%

 
Graded 5.5-2.5%

Net periodic pension cost:
 

 
 

Discount rate
4.26
%
 
4.52
%
Average rate of increase in future compensation levels
Graded 5.5-2.5%

 
Graded 5.5-2.5%

Expected long-term rate of return on plan assets
8.10
%
 
7.82
%
Schedule of percentage of fair value of total assets by asset category The following table sets forth by level, within the fair value hierarchy (as defined in Note 8), pension plan assets at their fair values as of December 30, 2017:
 
 
Quoted prices in active markets of identical assets
(Level 1)
 
Significant other observable inputs
(Level 2)
 
Significant other unobservable inputs
(Level 3)
 
Total
 
 
(In thousands)
Return-seeking securities
 
 
 
 
 
 
 
 
Corporate bonds (a)
 
$
10,393

 
$
—

 
$
—

 
$
10,393

Global equity securities (b)
 
25

 
—

 
—

 
25

Collective investment trust (c)
 
—

 
43,910

 
—

 
43,910

Liability-matching securities
 

 

 

 

Corporate bonds (d)
 
20,711

 
—

 
—

 
20,711

Collective investment trusts (e)
 
—

 
11,739

 
—

 
11,739

Cash and cash equivalents
 
1,674

 
—

 
—

 
1,674

Total
 
$
32,803

 
$
55,649

 
$
—

 
$
88,452


(a) This category comprises high yield and global bond funds.
(b) This category consists of a diversified global mutual fund.
(c) This category is comprised of a collective investment trust of equity funds that track the MCSI World Index, and a collective investment trust that holds publicly traded listed infrastructure securities.
(d) This category comprises fixed income funds primarily invested in U.S. Treasury notes and bonds, along with high-quality mortgage-backed securities and corporate bonds.
(e) This category is consists of a collective investment trust investing in Treasury STRIPS.
Schedule of fair value of plan assets by asset category The current targets, adjusted to exclude non-GAAP BlueLinx real-estate holdings, and actual investment allocation, by asset category as of December 30, 2017, consisted of the following:
 
 
Current Target Allocation
 
Actual Allocation, December 30, 2017
Return-seeking securities
 
63
%
 
63
%
Liability-matching securities
 
36
%
 
36
%
Cash and cash equivalents
 
1
%
 
1
%
Total
 
100
%
 
100
%
The fair value of our plan assets by asset category and asset categories as a percentage of total assets as of December 31, 2016 were as follows:
Asset category
 
Dollars
 
Percentage
 
 
(In thousands)
Global equity securities                                                                                                                                                
 
$
48,134

 
61
%
Fixed income
 
30,493

 
38
%
Other
 
460

 
1
%
Total
 
$
79,087

 
100
%
Schedule of estimated future benefit payments Our estimated normal future benefit payments to pension plan participants are as follows:
Fiscal Year Ending
(In thousands)
2018
$
6,188

2019
6,421

2020
6,592

2021
6,799

2022
6,959

Thereafter
35,800
Schedule of multiemployer plans The following table lists our participation in our multiemployer plans which we deem significant. “Contributions” represent the amounts contributed to the plan during the fiscal years presented:
 
 
 
 
 
 
Contributions (in millions)
Pension Fund:
EIN/Pension Plan Number
Pension Act Zone Status
FIP/RP Status
Surcharge
 
2017
 
2016
 
2015
Lumber Employees Local 786 Retirement Fund (1)
516067407
Green
(September 1, 2015)
N/A
No
 
n/a

 
$
0.4

 
$
0.4

Central States, Southeast and Southwest Areas Pension Fund (2)
366044243
Critical and Declining
(January 1, 2017)
RP
No
 
0.7

 
0.6

 
0.7

Other
 
 
 
 
 
0.2

 
0.4

 
1.2

Total
 
 
 
 
 
$
0.9

 
$
1.4

 
$
2.3


(1)    We withdrew from this plan in fiscal 2017, and recorded an estimated $5.0 million withdrawal liability on the Consolidated Balance Sheet in “other non-current liabilities,” and recorded an offsetting non-cash expense in the Consolidated Statement of Operations in “selling, general, and administrative” costs. We expect the liability to be paid over a 20-year period, with payments substantially similar on a total annual basis to those disclosed above.
Our contributions for fiscal 2016 and 2015 exceeded 5% of total plan contributions, and we were deemed to be a significant contributor to this plan.
(2)    Our contributions to this plan are approximately 0.13% of total contributions, which is less than the required disclosure threshold of 5% of total plan contributions. However, this plan is deemed significant for disclosure as it is severely underfunded, and we may, in the future, record a liability if required by an event of our withdrawal from the plan or a mass withdrawal. Our most recent contingent withdrawal liability was estimated at approximately $37.3 million, for a complete withdrawal occurring in fiscal 2018. In the case of both a complete withdrawal and a mass withdrawal, our payments to the Central States Plan would generally continue at approximately the current rate, which, even with potential rehabilitation increases, is less than $1.0 million per year. In a complete withdrawal, the payments would not amortize the liability fully; however, payments for a complete withdrawal are limited to a 20-year period. In the case of a mass withdrawal, the liability would never amortize, and payments would continue indefinitely.