Stockholders' Equity

4 Months Ended

Jan. 22, 2012

Stockholders' Equity [Abstract]

Stockholders' Equity

9. STOCKHOLDERS' EQUITY

Repurchases of common stock — In May 2011, the Board of Directors approved a program to repurchase up to $100.0 million in shares of our common stock expiring November 2012. During the first quarter, we repurchased approximately 0.3 million shares at an aggregate cost of $6.4 million, completing the May 2011 authorization. In November 2011, the Board of Directors approved a new program to repurchase $100.0 million in shares of our common stock within the next two years. As of the end of the first quarter, the $100.0 million remains available under this authorization.

Comprehensive income — Our total comprehensive income, net of taxes, was as follows (in thousands):

	Sixteen Weeks Ended
	January 22,			January 23,
	2012			2011
Net earnings	$	11,950		$	32,401
Cash flow hedges:
Net change in fair value of derivatives		(405	)		1,437
Net loss reclassified to earnings		398			—
Total		(7	)		1,437
Tax effect		2			(549	)
		(5	)		888
Unrecognized periodic benefit costs:
Actuarial losses and prior service cost reclassified to earnings		3,979			3,245
Tax effect		(1,527	)		(1,239	)
		2,452			2,006
Total comprehensive income	$	14,397		$	35,295

Accumulated other comprehensive loss — The components of accumulated other comprehensive loss, net of taxes, were as follows at the end of each period (in thousands):

	January 22,			October 2,
	2012			2011
Unrecognized periodic benefit costs, net of tax benefits of $57,216 and $58,743, respectively	$	(91,836	)	$	(94,288	)
Net unrealized losses related to cash flow hedges, net of tax benefits of $1,032 and $1,030, respectively		(1,657	)		(1,652	)
Accumulated other comprehensive loss, net	$	(93,493	)	$	(95,940	)