Associate Retirement Plans (Tables)

12 Months Ended

Jan. 02, 2021

Compensation And Retirement Disclosure [Abstract]

Schedule of Benefit Obligations, Pension & Other Long-Term Liabilities

The following tables set forth the actuarial present value of benefit obligations, funded status, changes in benefit obligations and plan assets, weighted average assumptions used in actuarial calculations and components of net periodic benefit costs for the Company’s significant pension and postretirement benefit plans, excluding multi-employer plans. The prepaid, current accrued, and noncurrent accrued benefit costs associated with pension and postretirement benefits are reported in “Prepaid expenses and other current assets,” “Other assets, net,” “Accrued payroll and benefits,” and “Other long-term liabilities,” respectively, in the consolidated balance sheets.

	Pension Plan					Retiree Medical Plan
	January 2,		December 28,			January 2,			December 28,
(In thousands, except percentages)	2021		2019			2021			2019
Funded Status
Projected/Accumulated benefit obligation:
Balance at beginning of year	$	—	$	73,275		$	10,783		$	9,443
Service cost		—		—			182			171
Interest cost		—		1,134			303			375
Actuarial loss		—		618			1,027			1,181
Benefits paid		—		(75,027	)		(386	)		(387	)
Balance at end of year	$	—	$	—		$	11,909		$	10,783

Fair value of plan assets:
Balance at beginning of year	$	1,496	$	74,241		$	—		$	—
Actual return on plan assets		—		2,282			—			—
Refund from annuity provider		1,193		—			—			—
Company contributions		—		—			386			387
Benefits paid		—		(75,027	)		(386	)		(387	)
Balance at end of year	$	2,689	$	1,496		$	—		$	—
Funded (unfunded) status	$	2,689	$	1,496		$	(11,909	)	$	(10,783	)

Components of net amount recognized in consolidated balance sheets:
Current assets	$	2,689	$	1,496		$	—		$	—
Current liabilities		—		—			(471	)		(466	)
Noncurrent liabilities		—		—			(11,438	)		(10,317	)
Net asset (liability)	$	2,689	$	1,496		$	(11,909	)	$	(10,783	)

Amounts recognized in AOCI:
Net actuarial loss	$	—	$	—		$	2,732		$	1,809
Accumulated other comprehensive loss	$	—	$	—		$	2,732		$	1,809

Weighted average assumptions at measurement date:
Discount rate	N/A		N/A			2.57%			3.26%
Ultimate health care cost trend rate	N/A		N/A			4.50%			4.50%

Components of Net Periodic Pension and Postretirement Benefit Cost (Income)

	Pension Plan									Retiree Medical Plan
(In thousands, except percentages)	2020			2019			2018			2020		2019			2018
Components of net periodic benefit (income) cost:
Service cost	$	—		$	—		$	—		$	182	$	171		$	195
Interest cost		—			1,134			2,283			303		375			339
Amortization of prior service cost		—			—			—			—		(92	)		(158	)
Expected return on plan assets		—			(714	)		(3,631	)		—		—			—
Gain on reconciliation with annuity provider		(1,193	)		—			—			—		—			—
Recognized actuarial net loss		—			691			417			104		—			88
Net periodic benefit (income) expense	$	(1,193	)	$	1,111		$	(931	)	$	589	$	454		$	464
Settlement expense		—			18,244			785			—		—			—
Total net periodic benefit (income) cost	$	(1,193	)	$	19,355		$	(146	)	$	589	$	454		$	464

Weighted average assumptions used to determine net periodic benefit (income) cost:
Discount rate	N/A			3.48%			3.45%			3.26%		4.41%			3.72%
Expected return on plan assets	N/A			2.80%			4.84%			N/A		N/A			N/A

Assumed Current Healthcare Cost Trend Rates Used to Determine Net Periodic Benefit Cost (Income)

Assumed healthcare cost trend rates have a significant effect on the amounts reported for the Retiree Medical Plan. Assumed current healthcare cost trend rates used to determine net periodic benefit cost were as follows:

										2020		2019		2018
Post-65										7.50%		7.50%		8.00%

Estimated Benefit Payments Expected to be Paid

The following estimated benefit payments are expected to be paid in the following fiscal years:

(In thousands)	2021					2022					2023					2024					2025					2026 to 2030
Post-retirement medical benefits	$		471			$		510			$		548			$		579			$		607			$		3,346