XML 60 R45.htm IDEA: XBRL DOCUMENT v3.20.4
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 26, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Multiemployer Plans [Table Text Block] The "FIP/RP Status Pending/Implemented" column indicates a plan for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented. The last column lists the expiration date of the collective-bargaining agreement to which the plan is subject.
Pension FundEIN/Pension Plan NumberPension Protection Act Zone StatusFIP/RP Status Pending/Implemented (1)Contributions (2)Surcharge Imposed (1)Expiration Date of Collective-Bargaining Agreement
20202019202020192018
The Pension Plan of the National Retirement Fund13-6130178 - 001RedRedImplemented$272 $335 $320 Yes6/4/2022

(1) The collective-bargaining agreement requires the Company to contribute to the plan at the rate of $0.47 per compensated hour for each covered employee. The Company will make additional contributions, as mandated by law, in accordance with the fund's 2010 Rehabilitation Plan which required a surcharge equal to $0.03 per hour (from $0.47 to $0.50) effective June 1, 2014 to May 31, 2015, a surcharge equal to $0.03 per hour (from $0.50 to $0.53) effective June 1, 2015 to May 31, 2016, a surcharge equal to $0.02 per hour (from $0.53 to $0.55) effective June 1, 2016 to May 31, 2017, a surcharge equal to $0.03 per hour (from $0.55 to $0.58) effective June 1, 2017 to May 31, 2018, a surcharge equal to $0.02 per hour (from $0.58 to $0.60) effective June 1, 2018 to May 31, 2019, a surcharge equal to $0.03 per hour (from $0.60 to $0.63) effective June 1, 2019 to May 31, 2020, and a surcharge equal to $0.03 per hour (from $0.63 to $0.66) effective June 1, 2020 to May 31, 2021. Based upon current employment and benefit levels, the Company's contributions to the multi-employer pension plan are expected to be approximately $277 for 2021.
(2) The Company's contributions to the plan do not represent more than 5% of the total contributions to the plan for the most recent plan year available.
Schedule of Net Funded Status [Table Text Block]
Information about the benefit obligation and funded status of the Company's postretirement benefit plan is summarized as follows:
 20202019
Change in benefit obligation:  
Benefit obligation at beginning of year$360 $331 
Service cost8 
Interest cost17 17 
Actuarial (gain) loss6 
Benefits paid(1)(1)
Benefit obligation at end of year390 360 
Change in plan assets:  
Fair value of plan assets at beginning of year — 
Employer contributions1 
Benefits paid(1)(1)
Fair value of plan assets at end of year — 
Unfunded amount$(390)$(360)
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
The balance sheet classification of the Company's liability for the postretirement benefit plan is summarized as follows:
 20202019
Accrued expenses$17 $16 
Other long-term liabilities373 344 
Total liability$390 $360 
Schedule of Expected Benefit Payments [Table Text Block]
Benefits expected to be paid on behalf of associates for the postretirement benefit plan during the period 2021 through 2030 are summarized as follows:
YearsPostretirement
Plan
2021$17 
202216 
202316 
202416 
202516 
2026-3079 
Defined Benefit Plan, Assumptions [Table Text Block]
Assumptions used to determine the benefit obligation of the Company's postretirement benefit plan are summarized as follows:
 20202019
Weighted-average assumptions as of year-end:  
Discount rate (benefit obligation)3.25 %3.50 %
Schedule of Net Benefit Costs [Table Text Block]
Components of net periodic benefit cost (credit) for the postretirement plan are summarized as follows:
 202020192018
Service cost$8 $$
Interest cost17 17 17 
Amortization of prior service credits (3)(4)
Recognized net actuarial gains(25)(27)(28)
Net periodic benefit cost (credit)$ $(6)$(7)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
Pre-tax amounts included in AOCIL for the Company's postretirement benefit plan at 2020 are summarized as follows:
 Postretirement Benefit Plan
 Balance at 20202021 Expected Amortization
Unrecognized actuarial gains$(309)$(24)
Totals$(309)$(24)