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Note 7 - Pension Plans (Tables) - Pension Plan [Member]
12 Months Ended
Sep. 27, 2020
Notes Tables  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]

(Thousands of Dollars)

 

2020

  

2019

  

2018

 
             
Service cost for benefits earned during the year  1,361   36   48 
Interest cost on projected benefit obligation  7,577   6,563   5,754 
Expected return on plan assets  (12,986)  (8,073)  (7,933)
Amortization of net loss  3,166   1,135   2,025 
Amortization of prior service benefit  (6)  (100)  (136)

Net periodic pension cost (benefit)

  (888)  (439)  (242)
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

(Thousands of Dollars)

 

2020

  

2019

 
         
Benefit obligation, beginning of year  192,369   176,531 
Business combination  195,834    

Service cost

  1,361   36 

Interest cost

  7,577   6,563 
Actuarial loss (gain)  20,525   20,687 
Benefits paid  (16,246)  (11,448)
Administrative expenses paid  (39)   

Benefit obligation, end of year

  401,381   192,369 
Fair value of plan assets, beginning of year:  146,999   151,255 
Business combination  152,331    
Actual return on plan assets  44,933   8,705 

Benefits paid

  (16,246)  (11,448)
Administrative expenses paid  (2,794)  (2,163)
Employer contributions  6,131   650 

Fair value of plan assets, end of year

  331,354   146,999 

Funded status

  (70,027)  (45,370)
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
  

September 27

  

September 29

 

(Thousands of Dollars)

 

2020

  

2019

 
         

Pension obligations

  (70,027)  (45,370)
Accumulated other comprehensive loss (before income taxes)  (41,344)  (53,066)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
  

September 27

  

September 29

 

(Thousands of Dollars)

 

2020

  

2019

 
         
Unrecognized net actuarial loss (41,344) (53,072)
Unrecognized prior service benefit -  6 
   (41,344)  (53,066)
Defined Benefit Plan, Assumptions [Table Text Block]
  

September 27

  

September 29

 

(Percent)

 

2020

  

2019

 
         
Discount rate 2.8  3.1 

(Percent)

 

2020

  

2019

  

2018

 
             
Discount rate - service cost 3.3  4.2  3.7 
Discount rate - interest cost 2.6  3.9  3.1 
Expected long-term return on plan assets 6.0  5.5  5.5 
Schedule of Allocation of Plan Assets [Table Text Block]

(Percent)

 

Policy Allocation

   

Actual Allocation

 
  

September 27

  

September 27

  

September 29

 

Asset Class

 

2020

  

2020

  

2019

 
             
Equity securities 50  48  49 
Debt securities 35  33  34 
TIPS 5  5  5 
Hedge fund investments 10  10  10 
Cash and cash equivalents   4  2 
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

(Thousands of Dollars)

 

NAV

  

Level 1

  

Level 2

  

Level 3

 
                 
Cash and cash equivalents   17,287     
Domestic equity securities 5,500  151,584  60,333   
International equity securities   6,893  7,396   
Emerging equity securities   7,225     
TIPS   6,967     
Debt securities   22,253  32,167   
Hedge fund investments 15,977       

(Thousands of Dollars)

 

NAV

  

Level 1

  

Level 2

  

Level 3

 
                 

Cash and cash equivalents

     2,970       

Domestic equity securities

  9,524   8,971   40,593    

International equity securities

     6,525   7,283    

TIPS

     6,918       

Debt securities

     26,392   24,190    

Hedge fund investments

  15,733          
Schedule of Expected Benefit Payments [Table Text Block]

(Thousands of Dollars)

   
    

2021

 22,881 

2022

 22,385 

2023

 22,548 

2024

 22,630 

2025

 22,511 
2026-2030 109,885