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Employee Benefit Plans
12 Months Ended
Jul. 25, 2015
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
Employee Benefit Plans

The Company sponsors a defined contribution plan that provides retirement benefits to eligible employees who elect to participate. Under the plan, participating employees may defer up to 75% of their base pre-tax eligible compensation up to the IRS limits. The Company contributes 30% of the first 5% of base eligible compensation that a participant contributes to the plan and may make discretionary matching contributions from time to time. The Company's contributions were $4.0 million, $1.9 million, and $1.6 million related to the fiscal 2015, 2014, and 2013 periods, respectively.

In connection with the businesses acquired in fiscal 2013, the Company assumed the obligation to make future contributions under an employee benefit plan in effect for certain hourly employees. Contributions for fiscal 2015, 2014, and 2013 under this plan were $0.8 million, $1.2 million, and $0.8 million, respectively.

Certain of the Company's subsidiaries contribute amounts to multiemployer defined benefit pension plans under the terms of collective bargaining agreements ("CBA") that cover employees represented by unions. Contributions are generally based on fixed amounts per hour per employee for employees covered by the plan. Participating in a multiemployer plan entails risks different from single-employer plans in the following aspects:

assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers;

if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be allocated to the remaining participating employers; and

if the Company stops participating in the multiemployer plan the Company may be required to pay the plan an amount based on the underfunded status of the plan. This payment is referred to as a withdrawal liability.

The information available to the Company about the multiemployer plans in which it participates is generally dated due to the nature of the reporting cycle of multiemployer plans and legal requirements under the Employee Retirement Income Security Act ("ERISA") as amended by the Multiemployer Pension Plan Amendments Act ("MPPAA"). Based upon the most recently available annual reports, the Company's contribution to each of the plans was less than 5% of each plans' total contributions. The Pension, Hospitalization and Benefit Plan of the Electrical Industry – Pension Trust Fund ("the Plan") was considered individually significant and is presented separately below. All other plans are presented in the aggregate.
 
 
 
 
PPA Zone Status (a)
 
 
 
Company Contributions (Dollars in thousands)
 
 
 
Expiration Date of CBA
Fund
 
EIN
 
2014
 
2013
 
FIP/RP Status (b)
 
2015
 
2014
 
2013
 
Surcharge Imposed
 
The Plan
 
13-6123601
 
Green
 
Green
 
No
 
$
3,852

 
$
3,044

 
$
2,962

 
No
 
05/05/2016
Other Plans
 
 
 
 
 
 
 
 
 
934

 
635

 
243

 
 
 
Various
Total Contributions
 
 
 
 
 
 
 
 
 
$
4,786

 
$
3,679

 
$
3,205

 
 
 
 

(a)
The most recent Pension Protection Act (the "PPA") zone status was provided by the Plan for Plan years ending September 30, 2014 and September 30, 2013, respectively. The zone status is based on information that the Company received from the Plan and is certified by the Plan's actuary. Generally, plans in the red zone are less that 65% funded, plans in the yellow zone are between 65% and 80% funded, and plans in the green zone are at least 80% funded.

(b)
The "FIR/RP Status" column indicates plans for which a financial improvement plan (FIP) or rehabilitation plan (RP), as required by the Internal Revenue Code, is either pending or has been implemented.

The Company has not incurred withdrawal liabilities related to the plans as of July 25, 2015.