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PENSION PLANS (Tables)
12 Months Ended
Jul. 30, 2016
Compensation Related Costs [Abstract]  
Schedule of Net Benefit Costs Recognized
Net periodic pension cost for the four plans include the following components:
 
 
2016
 
2015
 
2014
Service cost
$
3,099

 
$
3,642

 
$
2,926

Interest cost on projected benefit obligation
3,031

 
3,055

 
2,775

Expected return on plan assets
(3,645
)
 
(3,719
)
 
(3,194
)
Gain on settlement

 
(239
)
 

Amortization of gains and losses
1,504

 
1,295

 
804

Net periodic pension cost
$
3,989

 
$
4,034

 
$
3,311

Schedule of Amounts Recognized In Plan Assets and Benefit Obligations Recognized
The changes in benefit obligations and the reconciliation of the funded status of the Company’s plans to the consolidated balance sheets were as follows:

 
2016
 
2015
Changes in Benefit Obligation:
 

 
 

Benefit obligation at beginning of year
$
83,961

 
$
77,090

Service cost
3,099

 
3,642

Interest cost
3,031

 
3,055

Benefits paid
(3,440
)
 
(3,769
)
Curtailment
(17,904
)
 

Settlement

 
(3,033
)
Actuarial loss
11,274

 
6,976

Benefit obligation at end of year
$
80,021

 
$
83,961

 
 
 
 
Changes in Plan Assets:
 

 
 

Fair value of plan assets at beginning of year
$
51,729

 
$
50,129

Actual return on plan assets
1,468

 
2,279

Employer contributions
3,524

 
6,203

Benefits paid
(3,440
)
 
(3,769
)
Settlements paid

 
(3,113
)
Fair value of plan assets at end of year
53,281

 
51,729

 
 
 
 
Funded status at end of year
$
(26,740
)
 
$
(32,232
)
 
 
 
 
Amounts recognized in the consolidated balance sheets:
 

 
 

Pension liabilities
(26,740
)
 
(32,232
)
Accumulated other comprehensive loss, net of income taxes
13,339

 
16,874

 
 
 
 
Amounts included in Accumulated other comprehensive loss (pre-tax):
 

 
 

Net actuarial loss
$
22,502

 
$
28,459

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following information is presented for those plans with an accumulated benefit obligation in excess of plan assets:

 
2016
 
2015
Projected benefit obligation
$
80,021

 
$
83,961

Accumulated benefit obligation
80,021

 
66,809

Fair value of plan assets
53,281

 
51,729

Schedule of Assumptions Used
Weighted average assumptions used to determine benefit obligations and net periodic pension cost for the Company’s defined benefit plans were as follows:
 
 
2016
 
2015
 
2014
Assumed discount rate — net periodic pension cost
4.02
%
 
3.95
%
 
4.43
%
Assumed discount rate — benefit obligation
3.08
%
 
4.02
%
 
3.95
%
Assumed rate of increase in compensation levels
4 - 4.5
%
 
4 - 4.5
%
 
4 - 4.5
%
Expected rate of return on plan assets
7.50
%
 
7.50
%
 
7.50
%
Schedule of Allocation of Plan Assets
The fair value of the pension assets were as follows:
 
 
 
July 30, 2016
 
July 25, 2015
Asset Category
 
Level 1
 
Level 2
 
Total
 
Level 1
 
Level 2
 
Total
Cash
 
$
1,173

 
$

 
$
1,173

 
$
718

 
$

 
$
718

 
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities:
 
 

 
 

 
 

 
 

 
 

 
 

Company stock
 
770

 

 
770

 
651

 

 
651

U.S large cap (1)
 
18,416

 

 
18,416

 
18,368

 

 
18,368

U.S. small/mid cap (2)
 
6,591

 

 
6,591

 
6,602

 

 
6,602

International (3)
 
6,752

 

 
6,752

 
6,431

 

 
6,431

Emerging markets (4)
 
1,219

 

 
1,219

 
1,193

 

 
1,193

 
 
 
 
 
 


 
 
 
 
 
 
Fixed income securities:
 
 

 
 

 


 
 

 
 

 
 

U.S treasuries (5)
 
10,560

 

 
10,560

 
9,911

 

 
9,911

Mortgage-backed (5)
 

 
1,918

 
1,918

 

 
2,014

 
2,014

Corporate bonds (5)
 
3,054

 
2,140

 
5,194

 
2,810

 
2,370

 
5,180

International (6)
 
688

 

 
688

 
661

 

 
661

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
49,223

 
$
4,058

 
$
53,281

 
$
47,345

 
$
4,384

 
$
51,729

 
(1)
Includes directly owned securities and mutual funds, primarily low-cost equity index funds not actively managed that track the S&P 500.
(2)
Includes directly owned securities and mutual funds, which invest in diversified portfolios of publicly traded U.S. common stocks of small and medium cap companies.
(3)
Includes directly owned securities and mutual funds, which invest in diversified portfolios of publicly traded common stocks of large, non-U.S. companies.
(4)
Consists of mutual and exchange traded funds which invest in non-U.S. stocks in emerging markets.
(5)
Includes directly owned securities, mutual funds and exchange traded funds.
(6)
Consists of exchange traded funds which invest in non-U.S. bonds in emerging markets.
Schedule of Expected Benefit Payments
Based on actuarial assumptions, estimated future defined benefit payments, which may be significantly impacted by participant elections related to retirement dates and forms of payment, are as follows:
 
Fiscal Year
 
2017
$
2,820

2018
2,386

2019
2,928

2020
2,941

2021
14,958

2022 - 2026
17,903

Schedule of Multiemployer Plans
The Company’s participation in these plans is outlined in the following tables.  The “EIN / Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three-digit pension plan number.  The most recent “Pension Protection Act Zone Status” available in 2015 and 2014 is for the plan’s year-end at December 31, 2015 and December 31, 2014, respectively, unless otherwise noted.  Among other factors, generally, plans in the red zone are less than 65 percent funded, plans in the yellow zone are between 65 and 80 percent funded and plans in the green zone are at least 80 percent funded.  The “FIP/RP Status Pending / Implemented” column indicates plans for which a funding improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented. 
 
 
 
Pension Protection Act Zone Status
FIP/RP Status
Pending
/ Implemented
Contributions for the
year ended (5)
 
Expiration
 date of
Collective-
Bargaining
Agreement
 
Pension Fund
 
EIN / Pension Plan Number
2015
2014
July 30,
2016
July 25,
2015
July 26,
2014
Surcharge
 Imposed (6)
Pension Plan of Local 464A (1)
22-6051600-001
Green
Green
N/A
$
679

$
665

$
615

N/A
October 2020
UFCW Local 1262 & Employers Pension Fund (2), (4)
22-6074414-001
Red
Red
Implemented
3,510

3,501

3,273

No
October 2018
UFCW Regional Pension Plan (3), (4)
16-6062287-074
Red
Red
Implemented
1,275

1,235

1,225

No
December 2017
Total Contributions
 
 
 
 
$
5,464

$
5,401

$
5,113

 
 
 
(1)
The information for this fund was obtained from the Form 5500 filed for the plan’s year-end at December 31, 2015 and December 31, 2014.
(2)
The information for this fund was obtained from the Form 5500 filed for the plan’s year-end at December 31, 2014 and December 31, 2013.
(3)
The information for this fund was obtained from the Form 5500 filed for the plan’s year-end at September 30, 2015 and September 30, 2014.
(4)
This plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.  There were no changes to the plan’s zone status as a result of this election.
(5)
The Company’s contributions represent more than 5% of the total contributions received by each applicable pension fund for all periods presented.
(6)
Under the Pension Protection Act, a surcharge may be imposed when employers make contributions under a collective bargaining agreement that is not in compliance with a rehabilitation plan.  As of July 30, 2016, the collective bargaining agreements under which the Company was making contributions were in compliance with rehabilitation plans adopted by each applicable pension fund.