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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 27, 2018

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 27, 2018 and December 28, 2017 measurement dates is as follows:

		December 27, 2018				December 28, 2017
		(in thousands)
Change in benefit obligation:
Benefit obligation at beginning of period		$	37,639			$	32,523
Service cost			926				765
Interest cost			1,364				1,356
Actuarial (gain) loss			(2,633	)			4,244
Benefits paid			(1,656	)			(1,249	)
Benefit obligation at end of year		$	35,640			$	37,639
Amounts recognized in the statement of financial position consist of:
Current accrued benefit liability (included in Other accrued liabilities)		$	(1,378	)		$	(1,347	)
Noncurrent accrued benefit liability (included in Deferred compensation and other)			(34,262	)			(36,292	)
Total		$	(35,640	)		$	(37,639	)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss		$	9,556			$	12,874
Prior service credit			(515	)			(579	)
Total		$	9,041			$	12,295

Schedule of Net Periodic Benefit Cost Not yet Recognized

		Year Ended
		December 27, 2018				December 28, 2017				December 29, 2016
		(in thousands)
Net periodic pension cost:
Service cost		$	926			$	765			$	865
Interest cost			1,364				1,356				1,406
Net amortization of prior service cost and actuarial loss			621				356				364
Curtailment gain			–				–				(251	)
		$	2,911			$	2,477			$	2,384

Schedule of Assumptions Used

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

		December 27, 2018				December 28, 2017
Discount rate			4.15	%			3.60	%
Rate of compensation increase			4.00	%			4.00	%

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

		Year Ended
		December 27, 2018				December 28, 2017				December 29, 2016
Discount rate			3.60	%			4.15	%			4.40	%
Rate of compensation increase			4.00	%			4.00	%			4.00	%

Schedule of Expected Benefit Payments

Benefit payments expected to be paid subsequent to December 27, 2018, are:

Fiscal Year		(in thousands)
2019		$	1,378
2020			1,605
2021			1,475
2022			1,503
2023			1,479
Years 2024 – 2028			11,564

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=108410482&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=108410482&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

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