Amounts Reclassified Out of Accumulated Other Comprehensive Income

12 Months Ended

Sep. 24, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Amounts Reclassified Out of Accumulated Other Comprehensive Income

16. Amounts Reclassified Out of Accumulated Other Comprehensive Income

The following table summarizes amounts reclassified out of accumulated other comprehensive (loss) income for the years ended September 24, 2022, September 25, 2021 and September 26, 2020:

	Year Ended
	September 24,			September 25,			September 26,
	2022			2021			2020
Pension Benefits
Balance, beginning of period	$	(23,303	)	$	(32,286	)	$	(33,733	)
Other comprehensive income before reclassifications:
Net change in funded status of benefit plan		2,199			4,736			(3,052	)
Reclassifications to earnings:
Recognition of net actuarial loss for pension    settlement (1)		840			958			1,051
Amortization of net loss (1)		2,467			3,289			3,448
Other comprehensive income (loss)		5,506			8,983			1,447
Balance, end of period	$	(17,797	)	$	(23,303	)	$	(32,286	)
Postretirement Benefits
Balance, beginning of period	$	5,719		$	6,510		$	7,547
Other comprehensive income before reclassifications:
Net change in plan obligation		705			430			247
Reclassifications to earnings:
Amortization of prior service credits (1)		(498	)		(498	)		(498	)
Amortization of net gain (1)		(725	)		(723	)		(786	)
Other comprehensive (loss) income		(518	)		(791	)		(1,037	)
Balance, end of period	$	5,201		$	5,719		$	6,510
Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period	$	(17,584	)	$	(25,776	)	$	(26,186	)
Other comprehensive income before reclassifications		2,904			5,166			(2,805	)
Recognition of net actuarial loss for pension settlement		840			958			1,051
Reclassifications to earnings		1,244			2,068			2,164
Other comprehensive (loss) income		4,988			8,192			410
Balance, end of period	$	(12,596	)	$	(17,584	)	$	(25,776	)

(1) These amounts are included in the computation of net periodic benefit cost. See Note 12, “Employee Benefit Plans”.