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Associate Retirement Plans (Tables)

12 Months Ended

Dec. 30, 2023

Retirement Benefits [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 postretirement benefit plans, excluding multi-employer plans. The current accrued, and noncurrent accrued benefit costs associated with postretirement benefits are reported in “Accrued payroll and benefits,” and “Other long-term liabilities,” respectively, in the consolidated balance sheets.

				Retiree Medical Plan
				December 30,					December 31,
(In thousands, except percentages)				2023					2022
Funded Status
Projected/Accumulated benefit obligation:
Balance at beginning of year				$		2,412			$		11,031
Service cost						—					76
Interest cost						85					185
Actuarial loss						23					30
Plan amendment						—					(6,614	)
Benefits paid						(1,284	)				(2,296	)
Balance at end of year				$		1,236			$		2,412
Fair value of plan assets:
Balance at beginning of year				$		—			$		—
Company contributions						1,284					2,296
Benefits paid						(1,284	)				(2,296	)
Balance at end of year				$		—			$		—
Unfunded status				$		(1,236	)		$		(2,412	)
Components of net amount recognized in consolidated balance sheets:
Current liabilities				$		(1,236	)		$		(1,270	)
Noncurrent liabilities						—					(1,142	)
Net liability				$		(1,236	)		$		(2,412	)
Amounts recognized in AOCI:
Net actuarial loss				$		217			$		743
Prior service credit						(1,653	)				(4,960	)
Accumulated other comprehensive income				$		(1,436	)		$		(4,217	)
Weighted average assumptions at measurement date:
Discount rate						5.65	%				5.34	%
Ultimate health care cost trend rate					N/A					N/A

	Retiree Medical Plan
(In thousands, except percentages)	2023					2022					2021
Components of net periodic benefit (income) cost:
Service cost	$		—			$		76			$		187
Interest cost			85					185					226
Amortization of prior service credit			(3,307	)				(1,653	)				—
Recognized actuarial net loss			249					200					230
Net periodic benefit (income) expense	$		(2,973	)		$		(1,192	)		$		643
Settlement expense			299					740					—
Total net periodic benefit (income) cost	$		(2,674	)		$		(452	)		$		643
Weighted average assumptions used to determine net periodic benefit (income) cost:
Discount rate			5.62	%				2.90	%				2.57	%

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

	Retiree Medical Plan
(In thousands, except percentages)	2023					2022					2021
Components of net periodic benefit (income) cost:
Service cost	$		—			$		76			$		187
Interest cost			85					185					226
Amortization of prior service credit			(3,307	)				(1,653	)				—
Recognized actuarial net loss			249					200					230
Net periodic benefit (income) expense	$		(2,973	)		$		(1,192	)		$		643
Settlement expense			299					740					—
Total net periodic benefit (income) cost	$		(2,674	)		$		(452	)		$		643
Weighted average assumptions used to determine net periodic benefit (income) cost:
Discount rate			5.62	%				2.90	%				2.57	%

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:

	2023			2022			2021
Post-65		N/A			N/A				7.00	%

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- References

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- Definition

Tabular disclosure of benefit obligations including accumulated benefit obligation and projected benefit obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (e)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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- Definition

Tabular disclosure of the assumed health care cost trend rates for the next year used to measure the expected cost of benefits covered by the plans, including the ultimate trend rate(s) and when that rate is expected to be achieved.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (l)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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