Employee Benefit Plans (Tables)

12 Months Ended

Jun. 29, 2013

Compensation and Retirement Disclosure [Abstract]

Obligations and Funded Status

Obligations and Funded Status at June 29, 2013 and June 30, 2012

	Pension Plan						SERP
	2013			2012			2013			2012
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	88,029		$	67,766		$	17,576		$	14,436
Service cost	—			—			—			—
Interest cost	3,738			3,807			688			774
Actuarial loss/(gain)	(12,852		)	18,560			(2,057		)	3,008
Benefits paid	(2,157		)	(2,104		)	(659		)	(642		)
Projected benefit obligation, end of year	$	76,758		$	88,029		$	15,548		$	17,576
Change in plan assets:
Fair value of plan assets, beginning of year	$	53,792		$	45,359		$	—		$	—
Actual return on plan assets	4,881			2,164			—			—
Employer contributions	8,083			8,373			659			642
Benefits paid	(2,157		)	(2,104		)	(659		)	(642		)
Fair value of plan assets, end of year	$	64,599		$	53,792		$	—		$	—
Funded status-net amount recognized	$	(12,159	)	$	(34,237	)	$	(15,548	)	$	(17,576	)

Amounts recognized in the Consolidated Balance Sheets

Amounts recognized in the Consolidated Balance Sheets consist of:

	Pension Plan						SERP
	2013			2012			2013			2012
Accrued benefit liability	$	(12,159	)	$	(34,237	)	$	(15,548	)	$	(17,576	)
Net amount recognized	$	(12,159	)	$	(34,237	)	$	(15,548	)	$	(17,576	)
	Pension Plan						SERP
	2013			2012			2013			2012
Accumulated other comprehensive loss/(gain) related to:
Unrecognized net actuarial losses/(gains)	$	(16,817	)	$	18,818		$	(2,458	)	$	2,917

Components of Net Periodic Benefit Cost

Components of Net Periodic Benefit Cost

	Pension Plan									SERP
	2013			2012			2011			2013		2012		2011
Service cost	$	—		$	—		$	—		$	—	$	—	$	—
Interest cost	3,738			3,807			3,697			688		774		711
Expected return on assets	(4,227		)	(3,905		)	(3,124		)	—		—		—
Amortization of net loss	3,312			1,482			2,048			401		92		—
Net periodic benefit cost	$	2,823		$	1,384		$	2,621		$	1,089	$	866	$	711

Weighted average assumptions used to determine benefit obligations

The following weighted average assumptions were used to determine benefit obligations for the plans at June 29, 2013 and June 30, 2012:

	Pension Plan				SERP
	2013		2012		2013		2012
Discount rate	5.25	%	4.30	%	5.00	%	4.00	%
Rate of compensation increase	N/A		N/A		N/A		N/A

The following weighted average assumptions were used to determine net periodic benefit cost for the plans for the years ended June 29, 2013 and June 30, 2012:

	Pension Plan				SERP
	2013		2012		2013		2012
Discount rate	4.30	%	5.70	%	4.00	%	5.50	%
Expected return on plan assets	7.50		7.75		N/A		N/A
Rate of compensation increase	N/A		N/A		N/A		N/A

Asset allocations in the pension plan

The asset allocations in the pension plan at June 29, 2013 and June 30, 2012 are as follows:

	Target Asset Allocations		Actual Asset Allocations
	2013		2013		2012
International equity	8 - 18%		13.6	%	10.8	%
Large cap equity	20 - 40		31.2		31.7
Small cap equity	3 - 13		8.1		6.9
Absolute return strategy funds	10 - 20		15.8		13.7
Fixed income	20 - 30		22.9		27.4
Long/short equity fund	5 - 15		8.4		9.5
Total	100	%	100	%	100	%

Pension plan investments using the fair value hierarchy

The following table presents the pension plan investments using the fair value hierarchy discussed in Note 5, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements, as of June 29, 2013:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Interest-bearing cash	$	776	$	—	$	—	$	776
Receivable from common/collective trusts	1,744		—		—		1,744
Common stock	—		—		—		—
Common/collective trusts	—		5,244		4,093		9,337
Registered investment companies	52,742		—		—		52,742
Total	$	55,262	$	5,244	$	4,093	$	64,599

The following table presents the pension plan investments using the fair value hierarchy discussed in Note 5, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements, as of June 30, 2012:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Interest-bearing cash	$	597	$	—	$	—	$	597
Common stock	5,575		—		—		5,575
Common/collective trusts	—		4,060		12,132		16,192
Registered investment companies	31,428		—		—		31,428
Total	$	37,600	$	4,060	$	12,132	$	53,792

Reconciliation of Level 3 assets

The following table presents a reconciliation of Level 3 assets held during the years ended June 29, 2013 and June 30, 2012:

	2013			2012
Balance at beginning of the year	$	12,132		$	—
Realized gains	(708		)	—
Net unrealized gains	736			207
Net purchases, issuances and settlements	(8,067		)	7,693
Reclassifications	—			4,232
Balance at end of the year	$	4,093		$	12,132

Benefit payments, reflecting expected future service

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:

	Pension Plan		SERP
2014	$	2,181	$	722
2015	2,319		750
2016	2,468		773
2017	2,694		822
2018	2,984		895
2019 and thereafter	18,940		5,080

Information about the MEPPs

The following two tables contain information about the material MEPPs we participate in.

	EIN - PN	Pension Protection Act zone status		G&K Services 5% of total plan contributions		FIP/RP  status pending/implemented
Pension fund		2012	2011	2012	2011
Central States Southeast and Southwest Areas Pension Fund	36-6044243 - 001	Red	Red	No	No	Implemented

	Contributions of G&K Services  for fiscal years						Surcharge imposed	Expiration date  of collective bargaining agreements	Total collective bargaining agreements
Pension fund	2013		2012		2011
Central States Southeast and Southwest Areas Pension Fund	$	313	$	873	$	938	No
Other Funds	$	466	$	409	$	427	No	1/31/2014 to 7/31/2014	6
Total G&K Services contributions to U.S. multi-employer pension plans	$	779	$	1,282	$	1,365