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Amounts Reclassified Out of Accumulated Other Comprehensive Income
12 Months Ended
Sep. 26, 2020
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 26, 2020, September 28, 2019 and September 29, 2018:

 

 

 

Year Ended

 

 

 

September 26,

 

 

September 28,

 

 

September 29,

 

 

 

2020

 

 

2019

 

 

2018

 

Pension Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(33,733

)

 

$

(33,180

)

 

$

(37,311

)

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

Net change in funded status of benefit plan

 

 

(3,052

)

 

 

(4,019

)

 

 

448

 

Reclassifications to earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Recognition of net actuarial loss for pension

   settlement (1)

 

 

1,051

 

 

 

 

 

 

 

Amortization of net loss (1)

 

 

3,448

 

 

 

3,466

 

 

 

3,683

 

Other comprehensive (loss) income

 

 

1,447

 

 

 

(553

)

 

 

4,131

 

Balance, end of period

 

$

(32,286

)

 

$

(33,733

)

 

$

(33,180

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

7,547

 

 

$

8,510

 

 

$

8,499

 

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

Net change in plan obligation

 

 

247

 

 

 

296

 

 

 

1,164

 

Reclassifications to earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of prior service credits (1)

 

 

(498

)

 

 

(498

)

 

 

(498

)

Amortization of net gain (1)

 

 

(786

)

 

 

(761

)

 

 

(655

)

Other comprehensive (loss) income

 

 

(1,037

)

 

 

(963

)

 

 

11

 

Balance, end of period

 

$

6,510

 

 

$

7,547

 

 

$

8,510

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(26,186

)

 

$

(24,670

)

 

$

(28,812

)

Other comprehensive income before reclassifications

 

 

(2,805

)

 

 

(3,723

)

 

 

1,612

 

Recognition of net actuarial loss for pension settlement

 

 

1,051

 

 

 

 

 

 

 

Reclassifications to earnings

 

 

2,164

 

 

 

2,207

 

 

 

2,530

 

Other comprehensive (loss) income

 

 

410

 

 

 

(1,516

)

 

 

4,142

 

Balance, end of period

 

$

(25,776

)

 

$

(26,186

)

 

$

(24,670

)

 

 (1)

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