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Pension and Other Postretirement Benefit Plans | 9 Months Ended
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Mar. 28, 2014
Pension and Other Postretirement Benefit Plans [Abstract] |
Pension and Other Postretirement Benefit Plans | G. Pension and Other Postretirement Benefit Plans The Company has non-contributory, qualified defined benefit plans covering substantially all domestic employees hired prior to October 1, 2003 and certain foreign employees. Additionally, the Company provides health care and life insurance benefits for certain domestic retirees. Components of net periodic benefit cost for the defined benefit pension plans and the other postretirement benefit plan are as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | Mar. 28, |  |  | Mar. 29, |  |  | Mar. 28, |  |  | Mar. 29, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Pension Benefits: |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 135 |  |  | $ | 88 |  |  | $ | 402 |  |  | $ | 257 |
Interest cost |  |  | 1,357 |  |  |  | 1,334 |  |  |  | 4,068 |  |  |  | 3,996 |
Expected return on plan assets |  |  | (1,648 | ) |  |  | (1,598 | ) |  |  | (4,942 | ) |  |  | (4,785 | )
Amortization of transition obligation |  |  | 19 |  |  |  | 9 |  |  |  | 57 |  |  |  | 27 |
Amortization of net actuarial loss |  |  | 714 |  |  |  | 845 |  |  |  | 2,141 |  |  |  | 2,536 |
Net periodic benefit cost |  | $ | 577 |  |  | $ | 678 |  |  | $ | 1,726 |  |  | $ | 2,031 |
Postretirement Benefits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 9 |  |  | $ | 8 |  |  | $ | 28 |  |  | $ | 25 |
Interest cost |  |  | 165 |  |  |  | 191 |  |  |  | 494 |  |  |  | 574 |
Amortization of net actuarial loss |  |  | 150 |  |  |  | 198 |  |  |  | 451 |  |  |  | 594 |
Net periodic benefit cost |  | $ | 324 |  |  | $ | 397 |  |  | $ | 973 |  |  | $ | 1,193 |
The Company expects to contribute approximately $2,632,000 to its pension plans in fiscal 2014. As of March 28, 2014, $1,890,000 in contributions have been made. The Company has reclassified $528,000 (net of $354,000 in taxes) and $1,506,000 (net of $1,060,000 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the three and nine months ended March 28, 2014. The Company has reclassified $676,000 (net of $376,000 in taxes) and $1,996,000 (net of $1,160,000 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the three and nine months ended March 29, 2013. These reclassifications are included in the computation of net periodic benefit cost.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414718&loc=d3e28014-114942 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35742057&loc=SL14450702-114947 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 + Details
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