Summary of Accumulated Other Comprehensive Loss |
A summary of accumulated other comprehensive loss for Q2 2015 and Q2 2014 is as follows:
In Thousands |
|
Mar. 29,
2015 |
|
|
Pre-tax
Activity |
|
|
Tax
Effect |
|
|
June 28,
2015 |
|
Net pension activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actuarial loss |
|
$ |
(74,378 |
) |
|
$ |
795 |
|
|
$ |
(307 |
) |
|
$ |
(73,890 |
) |
Prior service costs |
|
|
(94 |
) |
|
|
9 |
|
|
|
(3 |
) |
|
|
(88 |
) |
Net postretirement benefits activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actuarial loss |
|
|
(22,319 |
) |
|
|
718 |
|
|
|
(277 |
) |
|
|
(21,878 |
) |
Prior service costs |
|
|
7,296 |
|
|
|
(840 |
) |
|
|
324 |
|
|
|
6,780 |
|
Foreign currency translation adjustment |
|
|
(5 |
) |
|
|
1 |
|
|
|
(1 |
) |
|
|
(5 |
) |
Total |
|
$ |
(89,500 |
) |
|
$ |
683 |
|
|
$ |
(264 |
) |
|
$ |
(89,081 |
) |
In Thousands |
|
Mar. 30,
2014 |
|
|
Pre-tax
Activity |
|
|
Tax
Effect |
|
|
June 29,
2014 |
|
Net pension activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actuarial loss |
|
$ |
(42,769 |
) |
|
$ |
422 |
|
|
$ |
(163 |
) |
|
$ |
(42,510 |
) |
Prior service costs |
|
|
(116 |
) |
|
|
9 |
|
|
|
(3 |
) |
|
|
(110 |
) |
Net postretirement benefits activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actuarial loss |
|
|
(18,095 |
) |
|
|
563 |
|
|
|
(218 |
) |
|
|
(17,750 |
) |
Prior service costs |
|
|
3,178 |
|
|
|
(378 |
) |
|
|
145 |
|
|
|
2,945 |
|
Foreign currency translation adjustment |
|
|
4 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4 |
|
Total |
|
$ |
(57,798 |
) |
|
$ |
616 |
|
|
$ |
(239 |
) |
|
$ |
(57,421 |
) |
A summary of accumulated other comprehensive loss for YTD 2015 and YTD 2014 is as follows:
In Thousands |
|
Dec. 28,
2014 |
|
|
Pre-tax
Activity |
|
|
Tax
Effect |
|
|
June 28,
2015 |
|
Net pension activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actuarial loss |
|
$ |
(74,867 |
) |
|
$ |
1,591 |
|
|
$ |
(614 |
) |
|
$ |
(73,890 |
) |
Prior service costs |
|
|
(99 |
) |
|
|
18 |
|
|
|
(7 |
) |
|
|
(88 |
) |
Net postretirement benefits activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actuarial loss |
|
|
(22,759 |
) |
|
|
1,435 |
|
|
|
(554 |
) |
|
|
(21,878 |
) |
Prior service costs |
|
|
7,812 |
|
|
|
(1,680 |
) |
|
|
648 |
|
|
|
6,780 |
|
Foreign currency translation adjustment |
|
|
(1 |
) |
|
|
(6 |
) |
|
|
2 |
|
|
|
(5 |
) |
Total |
|
$ |
(89,914 |
) |
|
$ |
1,358 |
|
|
$ |
(525 |
) |
|
$ |
(89,081 |
) |
In Thousands |
|
Dec. 29,
2013 |
|
|
Pre-tax
Activity |
|
|
Tax
Effect |
|
|
June 29,
2014 |
|
Net pension activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actuarial loss |
|
$ |
(43,028 |
) |
|
$ |
844 |
|
|
$ |
(326 |
) |
|
$ |
(42,510 |
) |
Prior service costs |
|
|
(121 |
) |
|
|
18 |
|
|
|
(7 |
) |
|
|
(110 |
) |
Net postretirement benefits activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actuarial loss |
|
|
(18,441 |
) |
|
|
1,126 |
|
|
|
(435 |
) |
|
|
(17,750 |
) |
Prior service costs |
|
|
3,410 |
|
|
|
(756 |
) |
|
|
291 |
|
|
|
2,945 |
|
Foreign currency translation adjustment |
|
|
4 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4 |
|
Total |
|
$ |
(58,176 |
) |
|
$ |
1,232 |
|
|
$ |
(477 |
) |
|
$ |
(57,421 |
) |
|
Summary of Impact of Accumulated Other Comprehensive Income (Loss) on Income Statement |
A summary of the impact on the income statement line items is as follows:
In Thousands |
|
Net Pension
Activity |
|
|
Net Postretirement
Benefits Activity |
|
|
Total |
|
Q2 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
$ |
88 |
|
|
$ |
(17 |
) |
|
$ |
71 |
|
Selling, delivery & administrative expenses |
|
|
716 |
|
|
|
(105 |
) |
|
|
611 |
|
Subtotal pre-tax |
|
|
804 |
|
|
|
(122 |
) |
|
|
682 |
|
Income tax expense |
|
|
310 |
|
|
|
(47 |
) |
|
|
263 |
|
Total after tax effect |
|
$ |
494 |
|
|
$ |
(75 |
) |
|
$ |
419 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
$ |
82 |
|
|
$ |
24 |
|
|
$ |
106 |
|
Selling, delivery & administrative expenses |
|
|
349 |
|
|
|
161 |
|
|
|
510 |
|
Subtotal pre-tax |
|
|
431 |
|
|
|
185 |
|
|
|
616 |
|
Income tax expense |
|
|
166 |
|
|
|
73 |
|
|
|
239 |
|
Total after tax effect |
|
$ |
265 |
|
|
$ |
112 |
|
|
$ |
377 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YTD 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
$ |
177 |
|
|
$ |
(34 |
) |
|
$ |
143 |
|
Selling, delivery & administrative expenses |
|
|
1,432 |
|
|
|
(211 |
) |
|
|
1,221 |
|
Subtotal pre-tax |
|
|
1,609 |
|
|
|
(245 |
) |
|
|
1,364 |
|
Income tax expense |
|
|
621 |
|
|
|
(94 |
) |
|
|
527 |
|
Total after tax effect |
|
$ |
988 |
|
|
$ |
(151 |
) |
|
$ |
837 |
|
In Thousands |
|
Net Pension
Activity |
|
|
Net Postretirement
Benefits Activity |
|
|
Total |
|
YTD 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
$ |
155 |
|
|
$ |
48 |
|
|
$ |
203 |
|
Selling, delivery & administrative expenses |
|
|
707 |
|
|
|
322 |
|
|
|
1,029 |
|
Subtotal pre-tax |
|
|
862 |
|
|
|
370 |
|
|
|
1,232 |
|
Income tax expense |
|
|
333 |
|
|
|
144 |
|
|
|
477 |
|
Total after tax effect |
|
$ |
529 |
|
|
$ |
226 |
|
|
$ |
755 |
|
|