Employee Benefit Plans (Tables)

12 Months Ended

Jun. 27, 2015

Compensation and Retirement Disclosure [Abstract]

Obligations and Funded Status at June 27, 2015 and June 28, 2014



	Pension Plan						SERP
	2015			2014			2015			2014
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	91,251		$	76,758		$	17,610		$	15,548
Interest cost	4,049			3,968			739			758
Actuarial loss/(gain)	1,215			12,799			(870		)	2,138
Benefits paid	(2,617		)	(2,274		)	(793		)	(834		)
Projected benefit obligation, end of year	$	93,898		$	91,251		$	16,686		$	17,610
Change in plan assets:
Fair value of plan assets, beginning of year	$	75,985		$	64,599		$	—		$	—
Actual return on plan assets	479			11,240			—			—
Employer contributions	—			2,420			793			834
Benefits paid	(2,617		)	(2,274		)	(793		)	(834		)
Fair value of plan assets, end of year	$	73,847		$	75,985		$	—		$	—
Funded status-net amount recognized	$	(20,051	)	$	(15,266	)	$	(16,686	)	$	(17,610	)

Amounts recognized in the Consolidated Balance Sheets

Amounts recognized in the Consolidated Balance Sheets consist of:



	Pension Plan						SERP
	2015			2014			2015			2014
Accrued benefit liability	$	(20,051	)	$	(15,266	)	$	(16,686	)	$	(17,610	)
Net amount recognized	$	(20,051	)	$	(15,266	)	$	(16,686	)	$	(17,610	)

	Pension Plan						SERP
	2015			2014			2015			2014
Accumulated other comprehensive loss/(gain) related to:
Unrecognized net actuarial losses/(gains)	$	3,625		$	4,560		$	(1,261	)	$	1,995

Components of Net Periodic Benefit Cost



	Pension Plan									SERP
	2015			2014			2013			2015		2014		2013
Interest cost	$	4,049		$	3,968		$	3,738		$	739	$	758	$	688
Expected return on assets	(4,904		)	(4,638		)	(4,227		)	—		—		—
Amortization of net loss	2,015			1,636			3,312			391		143		401
Net periodic benefit cost	$	1,160		$	966		$	2,823		$	1,130	$	901	$	1,089

Weighted average assumptions used to determine benefit obligations

The following weighted average assumptions were used to determine benefit obligations for the plans at June 27, 2015 and June 28, 2014:



	Pension Plan				SERP
	2015		2014		2015		2014
Discount rate	4.70	%	4.50	%	4.45	%	4.30	%
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 fiscal years ended June 27, 2015 and June 28, 2014:



	Pension Plan				SERP
	2015		2014		2015		2014
Discount rate	4.50	%	5.25	%	4.30	%	5.00	%
Expected return on plan assets	6.50		7.25		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 27, 2015 and June 28, 2014 are as follows:



	Target Asset Allocations		Actual Asset Allocations
	2015		2015		2014
International equity	8.0	%	6.8	%	6.8	%
Large cap equity	26.0		27.2		25.9
Small cap equity	5.0		5.2		4.8
Absolute return strategy funds	16.0		14.1		15.3
Fixed income	45.0		46.7		47.0
Long/short equity fund	—		—		0.2
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 "Notes to the Consolidated Financial Statements," as of June 27, 2015:



	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)		Total
Interest-bearing cash	$	997		$	—	$	997
Payable	(59		)	—		(59		)
Common/collective trusts	—			3,834		3,834
U.S. Government securities	6,866			—		6,866
Corporate debt	—			26,663		26,663
Registered investment companies	35,546			—		35,546
Total	$	43,350		$	30,497	$	73,847



	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	$	1,688	$	—	$	—	$	1,688
Receivable from common/collective trusts	243		—		—		243
Common stock	—		3,611		167		3,778
Common/collective trusts	5,465		1,435		—		6,900
Corporate debt	—		27,065		—		27,065
Registered investment companies	36,311		—		—		36,311
Total	$	43,707	$	32,111	$	167	$	75,985

Reconciliation of Level 3 assets

The following table presents a reconciliation of Level 3 assets held during the years ended June 27, 2015 and June 28, 2014:



	2015			2014
Balance at beginning of the year	$	167		$	4,093
Realized gains	15			(828		)
Net unrealized gains	(9		)	217
Net purchases, issuances and settlements	(173		)	(3,315		)
Balance at end of the year	$	—		$	167

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
2016	$	2,667	$	775
2017	2,854		812
2018	3,086		878
2019	3,327		939
2020	3,613		979
2021 to 2024	21,769		5,212