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:

	2020		2019
Service cost	$	202	$	213
Interest cost on projected benefit obligation	2,154		2,674
Expected return on plan assets	(2,792)		(2,873)
Loss on settlement	1,604		441
Amortization of gains and losses	555		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:

	2020		2019
Changes in Benefit Obligation:
Benefit obligation at beginning of year	$	69,932	$	69,553
Service cost	202		213
Interest cost	2,154		2,674
Benefits paid	(887)		(779)
Settlement	(6,733)		(6,331)
Actuarial loss	12,181		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 assets	13,130		6,203
Employer contributions	—		5,009
Benefits paid	(887)		(779)
Settlements paid	(6,733)		(6,331)
Fair value of plan assets at end of year	70,683		65,173
Funded status at end of year	$	6,166	$	4,759
Amounts recognized in the consolidated balance sheets:
Pension liabilities	6,166		4,759
Accumulated other comprehensive loss, net of income taxes	8,092		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:

	2020		2019
Projected benefit obligation	$	11,465	$	10,203
Accumulated benefit obligation	11,465		10,203
Fair value of plan assets	4,068		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:

	2020		2019
Assumed discount rate — net periodic pension cost	3.41	%	3.99	%
Assumed discount rate — benefit obligation	2.26	%	3.41	%
Assumed rate of increase in compensation levels	4.5	%	4.5	%
Expected rate of return on plan assets	4.82	%	5.50	%

Schedule of Allocation of Plan Assets

The fair value of the pension assets were as follows:

	July 25, 2020						July 27, 2019
Asset Category	Level 1		Assets Measured at NAV		Total		Level 1		Assets Measured at NAV		Total
Cash	$	61	$	—	$	61	$	37	$	—	$	37
Equity securities:
Company stock	573		—		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
2022	2,730
2023	2,920
2024	3,160
2025	11,260
2026 - 2030	17,130

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 Status		FIP/RP Status Pending / Implemented	Contributions for the year ended (5)					Expiration  date of Collective- Bargaining Agreement
Pension Fund	EIN / Pension Plan Number	2019	2018		July 25, 2020		July 27, 2019		Surcharge  Imposed (6)
Pension Plan of Local 464A (1)	22-6051600-001	Green	Green	N/A	$	886	$	894	N/A	October 2020
UFCW Local 1262 & Employers Pension Fund (2), (4)	22-6074414-001	Red	Red	Implemented	3,435		3,502		No	October 2023
UFCW Regional Pension Plan (3), (4)	16-6062287-074	Red	Red	Implemented	$	1,472	$	1,439	No	June 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.