Postretirement Plans (Tables)

9 Months Ended

Oct. 06, 2018

Summary of Company's Balance Sheet Related Pension and Other Postretirement Benefit Plan

The following summarizes the company’s balance sheet related pension and other postretirement benefit plan accounts at October 6, 2018 compared to accounts at December 30, 2017 (amounts in thousands):

	October 6, 2018		December 30, 2017
Current liability	$	935	$	935
Noncurrent liability	$	41,075	$	60,107
Accumulated other comprehensive loss, net of tax	$	107,292	$	78,076

Summary of Recognized Settlement Loss by Quarter

The table below presents our recognized settlement loss by quarter for the forty weeks ended October 6, 2018 (amounts in thousands:

	Settlement charge
First quarter	$	4,668
Second quarter		1,035
Third quarter		930
For the forty weeks ended October 6, 2018	$	6,633

Pension plans

Components of Net Periodic Benefit / (Income) Cost

The net periodic pension cost (income) for the company’s plans include the following components (amounts in thousands):

	For the Twelve Weeks Ended						For the Forty Weeks Ended
	October 6, 2018			October 7, 2017			October 6, 2018			October 7, 2017
Service cost	$	216		$	174		$	720		$	581
Interest cost		3,166			2,779			9,413			9,792
Expected return on plan assets		(4,464	)		(5,437	)		(14,549	)		(19,191	)
Settlement loss		930			3,030			6,633			3,030
Amortization of prior service cost		97			83			291			291
Amortization of net loss		1,126			1,365			3,956			4,792
Total net periodic pension cost (income)	$	1,071		$	1,994		$	6,464		$	(705	)

Postretirement Benefit Plan

Components of Net Periodic Benefit / (Income) Cost

The net periodic postretirement income for the company includes the following components (amounts in thousands):  

	For the Twelve Weeks Ended						For the Forty Weeks Ended
	October 6, 2018			October 7, 2017			October 6, 2018			October 7, 2017
Service cost	$	66		$	59		$	221		$	197
Interest cost		54			52			181			174
Amortization of prior service credit		(49	)		(49	)		(163	)		(163	)
Amortization of net gain		(99	)		(114	)		(331	)		(383	)
Total net periodic postretirement income	$	(28	)	$	(52	)	$	(92	)	$	(175	)