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Note 9 - Pension Plans
12 Months Ended
Apr. 28, 2018
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
9.
PENSION PLANS
 
The Company contributes to certain pension plans under collective bargaining agreements and to a discretionary profit sharing plan. Annual contributions (including contributions to multi-employer plans reflected below) were
$3.4
million for Fiscal
2018,
$3.1
million for Fiscal
2017
and
$2.9
million for Fiscal
2016.
 
The Company participates in
three
multi-employer defined benefit pension plans with respect to certain collective bargaining agreements. If the Company chooses to stop participating in the multi-employer plan or if other employers choose to withdraw to the extent that a mass withdrawal occurs, the Company could be required to pay the plan a withdrawal liability based on the underfunded status of the plan. During Fiscal
2017,
a subsidiary of the Company reached a settlement with respect to a notification of withdrawal liability by
one
of the multi-employer pension plans
not
considered significant. The settlement did
not
have a material effect on its financial position or results of operations.
 
Summarized below is certain information regarding the Company’s participation in significant multi-employer pension plans including the financial improvement plan or rehabilitation plan status (“FIP/RP Status”) and the zone status under the Pension Protection Act (“PPA”). The most recent PPA zone status available in Fiscal
2018
and Fiscal
2017
is for the plans’ years ending
December 
31,
2016
and
2015,
respectively.
 
 
 
PPA Zone Status
 
 
 
 
 
 
 
Fiscal
 
Fiscal
 
 
 
Surcharge
 
Pension Fund
 
2018
 
2017
 
FIP/RP Status
 
Imposed
 
Central States, Southeast and Southwest Areas Pension Plan (EIN
no.
36
-
6044243
) (the “CSSS Fund”)
 
Red
 
Red
 
Implemented
 
Yes
 
Western Conference of Teamsters Pension Trust Fund (EIN
no.
91
-
6145047
) (the “WCT Fund”)
 
Green
 
Green
 
Not
applicable
 
No
 
 
For the plan years ended
December 
31,
2016
and
December 31, 2015,
the Company was
not
listed in the Form
5500
Annual Returns as providing more than
5%
of the total contributions for the above plans. The collective bargaining agreements for employees in the CSSS Fund and the WCT Fund expire on
October 18, 2021
and
May 14, 2021,
respectively.
 
 
The Company’s contributions for all multi-employer pension plans for the last
three
fiscal years are as follows:
 
   
(In thousands)
 
   
Fiscal
   
Fiscal
   
Fiscal
 
Pension Fund
 
2018
   
2017
   
2016
 
CSSS Fund
  $
1,370
    $
1,262
    $
1,172
 
WCT Fund    
619
     
477
     
485
 
Other multi-employer pension funds
   
228
     
201
     
448
 
Total
  $
2,217
    $
1,940
    $
2,105