EMPLOYEE BENEFITS (Tables)

12 Months Ended

Sep. 29, 2017

Compensation and Retirement Disclosure [Abstract]

Financial Position Of Non-Contributory Defined Benefit Plans

The financial position of the Company’s non-contributory defined benefit plans as of fiscal year end 2017 and 2016 was as follows:



	2017			2016
Projected benefit obligation:
Projected benefit obligation, beginning of year	$	29,449		$	26,212
Service cost	—			—
Interest cost	1,043			1,137
Actuarial (gain) loss	(1,025		)	3,069
Benefits paid	(995		)	(969		)
Projected benefit obligation, end of year	28,472			29,449
Fair value of plan assets:
Fair value of plan assets, beginning of year	17,793			17,020
Actual gain on plan assets	2,639			1,260
Company contributions	1,365			482
Benefits paid	(995		)	(969		)
Fair value of plan assets, end of year	20,802			17,793
Funded status of the plans	(7,670		)	(11,656		)
Amounts recognized in the Consolidated Balance Sheets consist of:
Current pension liabilities	186			188
Non-current pension liabilities	7,484			11,468
Accumulated other comprehensive loss	(7,799		)	(10,999		)
Components of accumulated other comprehensive loss:
Net actuarial loss	(7,799		)	(10,999		)
Accumulated other comprehensive loss	$	(7,799	)	$	(10,999	)

Schedule of Net Periodic Benefit Cost

Net periodic benefit cost for the non-contributory defined benefit pension plans for the respective years included the following pre-tax amounts:



	2017			2016			2015
Interest cost	$	1,043		$	1,137		$	1,108
Expected return on plan assets	(1,193		)	(1,265		)	(1,197		)
Amortization of unrecognized net actuarial loss	731			566			622
Net periodic pension cost	581			438			533
Other changes in benefit obligations recognized in other comprehensive income ("OCI"):
Net actuarial (gain) loss	(3,201		)	2,507			1,511
Total recognized in net periodic pension cost and OCI	$	(2,620	)	$	2,945		$	2,044

Estimated Benefit Payments

Estimated benefit payments from the Company’s defined benefit plans to participants for each of the next five years and the five years thereafter are as follows:



2018	$	1,121
2019	1,152
2020	1,205
2021	1,217
2022	1,233
Five years thereafter	6,926

Actuaral Assumptions Used To Determine The Projected Benefit Obligation

Actuarial assumptions used to determine the projected benefit obligation and net periodic pension cost as of the following fiscal years were as follows:



	Projected Benefit Obligation						Net Periodic Pension Cost
	2017		2016		2015		2017		2016		2015
Discount rate	3.79	%	3.60	%	4.35	%	3.60	%	4.35	%	4.25	%
Long-term rate of return	N/A		N/A		N/A		6.50	%	7.50	%	7.50	%
Average salary increase rate	N/A		N/A		N/A		N/A		N/A		N/A

Pension Plans' Weighted Average Asset Allocations By Percent

The Company’s pension plans’ weighted average asset allocations at September 29, 2017 and September 30, 2016, by asset category were as follows:



	2017		2016
Equity securities	73	%	69	%
Fixed income securities	24	%	30	%
Other securities	3	%	1	%
	100	%	100	%

Pension Plan Assets Measured At Fair Value

The following table summarizes the Company’s pension plan assets measured at fair value as of September 29, 2017:



	Level 1		Level 2		Level 3		Total
Description:
Mutual funds	$	20,207	$	—	$	—	$	20,207
Money market funds	515		—		—		515
Group annuity contract	—		—		80		80
Total	$	20,722	$	—	$	80	$	20,802

The following table summarizes the Company’s pension plan assets measured at fair value as of September 30, 2016:



	Level 1		Level 2		Level 3		Total
Description:
Mutual funds	$	17,467	$	—	$	—	$	17,467
Money market funds	213		—		—		213
Group annuity contract	—		—		113		113
Total	$	17,680	$	—	$	113	$	17,793

Summary Of Changes In Fair Value Of Level 3 Pension Plan Assets

The tables below set forth a summary of changes in fair value of the Company’s Level 3 pension plan assets for the years ended September 29, 2017 and September 30, 2016:



	2017			2016
Level 3 assets, beginning of year	$	113		$	155
Purchases	2			2
Unrealized loss	1			(2		)
Sales	(36		)	(42		)
Level 3 assets, end of year	$	80		$	113