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Amounts Reclassified Out of Accumulated Other Comprehensive Income
12 Months Ended
Sep. 25, 2021
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 25, 2021, September 26, 2020 and September 28, 2019:

 

 

 

Year Ended

 

 

 

September 25,

 

 

September 26,

 

 

September 28,

 

 

 

2021

 

 

2020

 

 

2019

 

Pension Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(32,286

)

 

$

(33,733

)

 

$

(33,180

)

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

Net change in funded status of benefit plan

 

 

4,736

 

 

 

(3,052

)

 

 

(4,019

)

Reclassifications to earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Recognition of net actuarial loss for pension

   settlement (1)

 

 

958

 

 

 

1,051

 

 

 

 

Amortization of net loss (1)

 

 

3,289

 

 

 

3,448

 

 

 

3,466

 

Other comprehensive income (loss)

 

 

8,983

 

 

 

1,447

 

 

 

(553

)

Balance, end of period

 

$

(23,303

)

 

$

(32,286

)

 

$

(33,733

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

6,510

 

 

$

7,547

 

 

$

8,510

 

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

Net change in plan obligation

 

 

430

 

 

 

247

 

 

 

296

 

Reclassifications to earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of prior service credits (1)

 

 

(498

)

 

 

(498

)

 

 

(498

)

Amortization of net gain (1)

 

 

(723

)

 

 

(786

)

 

 

(761

)

Other comprehensive (loss) income

 

 

(791

)

 

 

(1,037

)

 

 

(963

)

Balance, end of period

 

$

5,719

 

 

$

6,510

 

 

$

7,547

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(25,776

)

 

$

(26,186

)

 

$

(24,670

)

Other comprehensive income before reclassifications

 

 

5,166

 

 

 

(2,805

)

 

 

(3,723

)

Recognition of net actuarial loss for pension settlement

 

 

958

 

 

 

1,051

 

 

 

 

Reclassifications to earnings

 

 

2,068

 

 

 

2,164

 

 

 

2,207

 

Other comprehensive (loss) income

 

 

8,192

 

 

 

410

 

 

 

(1,516

)

Balance, end of period

 

$

(17,584

)

 

$

(25,776

)

 

$

(26,186

)

 

 (1)

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