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Employee Benefit Plans (Tables)

7 Months Ended

Dec. 31, 2015

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Changes in Projected Benefit Obligations

The status of the Company’s unfunded nonqualified, defined-benefit and account-based retirement plan based on the respective December 31, 2015, May 28, 2015 and May 29, 2014 measurement dates is as follows:

		December 31,			May 28,			May 29,
		2015			2015			2014
		(in thousands)
Change in benefit obligation:
Benefit obligation at beginning of year		$	31,037		$	28,776		$	26,439
Service cost			459			697			702
Interest cost			765			1,243			1,173
Actuarial loss			104			1,472			1,567
Benefits paid			(694)			(1,151)			(1,105)
Benefit obligation at end of year		$	31,671		$	31,037		$	28,776
Amounts recognized in the statement of financial position consist of:
Current accrued benefit liability (included in Other accrued liabilities)		$	(1,191)		$	(1,196)		$	(1,124)
Noncurrent accrued benefit liability (included in Deferred compensation and other)			(30,480)			(29,841)			(27,652)
Total		$	(31,671)		$	(31,037)		$	(28,776)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss		$	9,410		$	9,562		$	8,494
Prior service credit			(711)			(756)			(834)
Total		$	8,699		$	8,806		$	7,660

Schedule of Net Periodic Benefit Cost Not yet Recognized

		31 Weeks Ended			Year Ended
		December 31, 2015			May 28, 2015			May 29, 2014			May 30, 2013
					(in thousands)
Net periodic pension cost:
Service cost		$	459		$	697		$	702		$	712
Interest cost			765			1,243			1,173			1,099
Net amortization of prior service cost and actuarial loss			211			326			268			286
		$	1,435		$	2,266		$	2,143		$	2,097

Schedule of Assumptions Used

The weighted-average assumptions used to determine the benefit obligations as of the measurement dates were as follows:

		December 31, 2015			May 28, 2015			May 29, 2014
Discount rate		4.40	%		4.20	%		4.30	%
Rate of compensation increase		4.00	%		4.00	%		4.00	%

The weighted-average assumptions used to determine net periodic benefit cost were as follows:

		31 Weeks Ended			Year Ended
		December 31, 2015			May 28, 2015			May 29, 2014			May 30, 2013
Discount rate		4.20	%		4.30	%		4.40	%		4.25	%
Rate of compensation increase		4.00	%		4.00	%		4.00	%		4.00	%

Schedule of Expected Benefit Payments

Benefit payments and contributions expected to be paid subsequent to December 31, 2015, are:

Fiscal Year		(in thousands)
2016		$	1,191
2017			1,208
2018			1,334
2019			1,312
2020			1,485
Years 2021 – 2025			10,913

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- References

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- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920

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- Definition

Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920

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- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
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- Definition

Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920

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