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EMPLOYEE BENEFITS (Tables)

12 Months Ended

Sep. 28, 2018

Retirement Benefits [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 2018 and 2017 was as follows:

	2018				2017
Projected benefit obligation:
Projected benefit obligation, beginning of year	$	28,472			$	29,449
Service cost	—				—
Interest cost	1,058				1,043
Actuarial gain	(1,712		)		(1,025		)
Benefits paid	(987		)		(995		)
Projected benefit obligation, end of year	26,831				28,472
Fair value of plan assets:
Fair value of plan assets, beginning of year	20,802				17,793
Actual gain on plan assets	968				2,639
Company contributions	5,188				1,365
Benefits paid	(987		)		(995		)
Fair value of plan assets, end of year	25,971				20,802
Funded status of the plans	(860		)		(7,670		)
Amounts recognized in the Consolidated Balance Sheets consist of:
Current pension liabilities	184				186
Non-current pension liabilities	676				7,484
Accumulated other comprehensive loss	(5,329		)		(7,799		)
Components of accumulated other comprehensive loss:
Net actuarial loss	(5,329		)		(7,799		)
Accumulated other comprehensive loss	$	(5,329	)		$	(7,799	)

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:

	2018				2017				2016
Interest cost	$	1,058			$	1,043			$	1,137
Expected return on plan assets	(763		)		(1,193		)		(1,265		)
Amortization of unrecognized net actuarial loss	553				731				566
Net periodic pension cost	848				581				438
Other changes in benefit obligations recognized in other comprehensive income ("OCI"):
Net actuarial (gain) loss	(2,470		)		(3,201		)		2,507
Total recognized in net periodic pension cost and OCI	$	(1,622	)		$	(2,620	)		$	2,945

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:

2019	$	1,160
2020	1,214
2021	1,228
2022	1,245
2023	1,284
Five years thereafter	7,231

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
	2018			2017			2016			2018			2017			2016
Discount rate	4.22	%		3.79	%		3.60	%		3.79	%		3.60	%		4.35	%
Long-term rate of return	N/A			N/A			N/A			3.45	%		6.50	%		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 28, 2018 and September 29, 2017, by asset category were as follows:

	2018			2017
Equity securities	5	%		73	%
Fixed income securities	93	%		24	%
Other securities	2	%		3	%
	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 28, 2018:

	Level 1				Level 2				Level 3				Total
Description:
Mutual funds	$	25,588			$	—			$	—			$	25,588
Money market funds	331				—				—				331
Group annuity contract	—				—				52				52
Total	$	25,919			$	—			$	52			$	25,971

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

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 28, 2018 and September 29, 2017:

	2018				2017
Level 3 assets, beginning of year	$	80			$	113
Purchases	—				2
Unrealized (loss) gain	(2		)		1
Sales	(26		)		(36		)
Level 3 assets, end of year	$	52			$	80

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