XML 20 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Retirement and Profit Sharing Plans (Tables)
12 Months Ended
Mar. 31, 2012
Employee Retirement And Profit Sharing Plans [Abstract]  
Funded status of plan
                 
    Fiscal March  
    2012     2011  
    (Dollars in thousands)  

Change in Plan Assets:

               

Fair value of plan assets at beginning of year

  $ 17,274     $ 15,361  

Actual return on plan assets

    612       2,444  

Employer contribution

    0       0  

Benefits paid

    (542     (531
   

 

 

   

 

 

 

Fair value of plan assets at end of year

    17,344       17,274  
   

 

 

   

 

 

 
     

Change in Projected Benefit Obligation:

               

Benefit obligation at beginning of year

    14,551       13,473  

Interest cost

    809       814  

Actuarial loss

    2,682       795  

Benefits paid

    (542     (531
   

 

 

   

 

 

 

Benefit obligation at end of year

    17,500       14,551  
   

 

 

   

 

 

 

Funded status of plan

  $ (156   $ 2,723  
   

 

 

   

 

 

 
Amounts recognized in accumulated other comprehensive loss
                 
    Year Ended
Fiscal March
 
    2012     2011  
    (Dollars in thousands)  

Unamortized transition obligation

  $ 0     $ 0  

Unamortized prior service cost

    0       0  

Unamortized net loss

    5,733       2,545  
   

 

 

   

 

 

 

Total

  $ 5,733     $ 2,545  
   

 

 

   

 

 

 
Changes in plan assets and benefit obligations recognized in other comprehensive income
                 
    Year Ended
Fiscal March
 
    2012     2011  
    (Dollars in thousands)  

Net transition obligation

  $ 0     $ 0  

Prior service cost

    0       0  

Net actuarial (loss) gain

    (3,188     756  
   

 

 

   

 

 

 

Total

  $ (3,188   $ 756  
   

 

 

   

 

 

 
Components of pension (income) expense
                         
    Year Ended Fiscal March  
    2012     2011     2010  
    (Dollars in thousands)  

Interest cost on projected benefit obligation

  $ 809     $ 814     $ 769  

Expected return on plan assets

    (1,189     (1,094     (824

Amortization of unrecognized actuarial loss

    71       201       384  
   

 

 

   

 

 

   

 

 

 

Net pension (income) expense

  $ (309   $ (79   $ 329  
   

 

 

   

 

 

   

 

 

 
Weighted average assumptions used to determine benefit obligations
                 
    Year Ended
Fiscal March
 
    2012     2011  

Discount rate

    4.49     5.75
Weighted average assumptions used to determine net periodic pension costs
                         
    Year Ended Fiscal March  
    2012     2011     2010  

Discount rate

    5.75     6.14     7.36

Expected long-term return on assets

    7.00     7.25     7.25
Company's asset allocations, by asset category
                 
    March 31,
2012
    March 26,
2011
 

Cash and cash equivalents

    3.2     2.5

Fixed income

    36.7     32.2

Equity securities

    60.1     65.3
   

 

 

   

 

 

 

Total

    100.0     100.0
   

 

 

   

 

 

 
Fair value measurement information for the Company's major categories of defined benefit plan assets
                             
    Fair Value Measurements at March 31, 2012 Using
    Total     Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
    (Dollars in thousands)

Equity securities:

                           

U.S. companies

  $ 7,450     $ 7,450              

International companies

    2,972       2,972              

Fixed income:

                           

U.S. corporate bonds

    6,058             $ 6,058      

International bonds

    309               309      

Cash equivalents

    555               555      
   

 

 

   

 

 

   

 

 

   

 

Total

  $ 17,344     $ 10,422     $ 6,922      
   

 

 

   

 

 

   

 

 

   

 

   
    Fair Value Measurements at March 26, 2011 Using
    Total     Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
    (Dollars in thousands)

Equity securities:

                           

U.S. companies

  $ 8,235     $ 8,235              

International companies

    3,053       3,053              

Fixed income:

                           

U.S. treasuries/agencies

    947             $ 947      

U.S. corporate bonds

    4,294               4,294      

International bonds

    315               315      

Cash equivalents

    430               430      
   

 

 

   

 

 

   

 

 

   

 

Total

  $ 17,274     $ 11,288     $ 5,986      
   

 

 

   

 

 

   

 

 

   

 

Pension benefit payments
         
    Year Ended
Fiscal March
 
    (Dollars in thousands)  

2013

  $ 589  

2014

    584  

2015

    604  

2016

    644  

2017

    685  

2018 - 2022

    4,202