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PENSION PLANS (Tables)
12 Months Ended
Jul. 25, 2020
Compensation Related Costs [Abstract]  
Schedule of Net Benefit Costs Recognized
Net periodic pension cost for the four plans include the following components:
 20202019
Service cost$202 $213 
Interest cost on projected benefit obligation2,154 2,674 
Expected return on plan assets(2,792)(2,873)
Loss on settlement1,604 441 
Amortization of gains and losses555 605 
Net periodic pension cost$1,723 $1,060 
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:
 20202019
Changes in Benefit Obligation:  
Benefit obligation at beginning of year$69,932 $69,553 
Service cost202 213 
Interest cost2,154 2,674 
Benefits paid(887)(779)
Settlement(6,733)(6,331)
Actuarial loss12,181 4,602 
Benefit obligation at end of year$76,849 $69,932 
Changes in Plan Assets:  
Fair value of plan assets at beginning of year$65,173 $61,071 
Actual return on plan assets13,130 6,203 
Employer contributions— 5,009 
Benefits paid(887)(779)
Settlements paid(6,733)(6,331)
Fair value of plan assets at end of year70,683 65,173 
Funded status at end of year$6,166 $4,759 
Amounts recognized in the consolidated balance sheets:  
Pension liabilities6,166 4,759 
Accumulated other comprehensive loss, net of income taxes8,092 8,342 
Amounts included in Accumulated other comprehensive loss (pre-tax):  
Net actuarial loss$11,299 $11,615 
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:
 20202019
Projected benefit obligation$11,465 $10,203 
Accumulated benefit obligation11,465 10,203 
Fair value of plan assets4,068 3,783 
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:
 20202019
Assumed discount rate — net periodic pension cost3.41 %3.99 %
Assumed discount rate — benefit obligation2.26 %3.41 %
Assumed rate of increase in compensation levels4.5 %4.5 %
Expected rate of return on plan assets4.82 %5.50 %
Schedule of Allocation of Plan Assets
The fair value of the pension assets were as follows:
 July 25, 2020July 27, 2019
Asset CategoryLevel 1Assets Measured at NAVTotalLevel 1Assets Measured at NAVTotal
Cash$61 $— $61 $37 $— $37 
Equity securities:    
Company stock573 — 573 568 — 568 
Mutual/Collective Trust Funds -
U.S. (1)
1,214 1,214 — 4,401 4,401 
Mutual/Collective Trust Funds - International (1)— 396 396 — 2,613 2,613 
Fixed income securities:   
Mutual/Collective Trust Funds - Fixed Income (1)— 68,439 68,439 — 57,554 57,554 
Total$634 $70,049 $70,683 $605 $64,568 $65,173 
 
(1)Includes pools of investments that are measured at fair value using the Net Asset Value (NAV) per share (or its equivalent) practical expedient. The NAV is based on the underlying net assets owned by the fund and the relative interest of each participating investor in the fair value of the underlying assets. The underlying investments are classified as either level 1 or 2 of the fair value hierarchy.
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 
2021$3,850 
20222,730 
20232,920 
20243,160 
202511,260 
2026 - 203017,130 
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 2019 and 2018 is for the plan’s year-end at December 31, 2019 and December 31, 2018, 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 StatusFIP/RP Status
Pending
/ Implemented
Contributions for the
year ended (5)
 Expiration
 date of
Collective-
Bargaining
Agreement
 
Pension Fund
 
EIN / Pension Plan Number
20192018July 25,
2020
July 27,
2019
Surcharge
 Imposed (6)
Pension Plan of Local 464A (1)22-6051600-001GreenGreenN/A$886 $894 N/AOctober 2020
UFCW Local 1262 & Employers Pension Fund (2), (4)22-6074414-001RedRedImplemented3,435 3,502 NoOctober 2023
UFCW Regional Pension Plan (3), (4)16-6062287-074RedRedImplemented$1,472 $1,439 NoJune 2020
Total Contributions    $5,793 $5,835   
 
(1)The information for this fund was obtained from the Form 5500 filed for the plan’s year-end at December 31, 2019 and December 31, 2018.
(2)The information for this fund was obtained from the Form 5500 filed for the plan’s year-end at December 31, 2018 and December 31, 2017.
(3)The information for this fund was obtained from the Form 5500 filed for the plan’s year-end at September 30, 2019 and September 30, 2018.
(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 25, 2020, the collective bargaining agreements under which the Company was making contributions were in compliance with rehabilitation plans adopted by each applicable pension fund.