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Reclassifications from Accumulated Other Comprehensive Loss
6 Months Ended
Aug. 29, 2015
Reclassifications from Accumulated Other Comprehensive Loss  
Reclassifications from Accumulated Other Comprehensive Loss

 

 

11. Reclassifications from Accumulated Other Comprehensive Loss

 

The following table summarizes the components of accumulated other comprehensive loss and the changes in balances of each component of accumulated other comprehensive loss, net of tax as applicable, for the thirteen and twenty-six week periods ended August 29, 2015 and August 30, 2014:

 

 

 

Thirteen Week Period
Ended
August 29, 2015

 

Thirteen Week Period
Ended
August 30, 2014

 

Twenty-Six Week Period
Ended August 29, 2015

 

Twenty-Six Week Period
Ended August 30, 2014

 

 

 

Defined
benefit
pension
plans

 

Accumulated
other
comprehensive
loss

 

Defined
benefit
pension
plans

 

Accumulated
other
comprehensive
loss

 

Defined
benefit
pension
plans

 

Accumulated
other
comprehensive
loss

 

Defined
benefit
pension
plans

 

Accumulated
other
comprehensive
loss

 

Accumulated other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance-beginning of period

 

$

(45,253

)

$

(45,253

)

$

(36,675

)

$

(36,675

)

$

(45,850

)

$

(45,850

)

$

(37,334

)

$

(37,334

)

Amounts reclassified from accumulated other comprehensive loss to net income, net of $398, $0, $796, and $0 tax expense

 

598

 

598

 

660

 

660

 

1,195

 

1,195

 

1,319

 

1,319

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance-end of period

 

$

(44,655

)

$

(44,655

)

$

(36,015

)

$

(36,015

)

$

(44,655

)

$

(44,655

)

$

(36,015

)

$

(36,015

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table summarizes the effects on net income of significant amounts classified out of each component of accumulated other comprehensive loss for the thirteen and twenty-six week periods ended August 29, 2015 and August 30, 2014:

 

 

 

Thirteen Week Periods Ended August 29, 2015 and August 30, 2014

 

 

 

Amount
reclassified from
accumulated other
comprehensive loss

 

 

 

Details about accumulated other
comprehensive loss components

 

August 29,
2015

 

August 30,
2014

 

Affected line item in the condensed
consolidated statements of operations

 

Defined benefit pension plans

 

 

 

 

 

 

 

Amortization of unrecognized prior service cost(a)

 

$

(18

)

$

(60

)

Selling, general and administrative expenses

 

Amortization of unrecognized net loss(a)

 

(978

)

(600

)

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

(996

)

(660

)

Total before income tax expense

 

 

 

398

 

 

Income tax expense(b)

 

 

 

 

 

 

 

 

 

 

 

$

(598

)

$

(660

)

Net of income tax expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Twenty-Six Week Periods Ended August 29, 2015 and August 30, 2014

 

 

 

Amount
reclassified from
accumulated other
comprehensive loss

 

 

 

Details about accumulated other
comprehensive loss components

 

August 29,
2015

 

August 30,
2014

 

Affected line item in the condensed
consolidated statements of operations

 

Defined benefit pension plans

 

 

 

 

 

 

 

Amortization of unrecognized prior service cost(a)

 

$

(34

)

$

(120

)

Selling, general and administrative expenses

 

Amortization of unrecognized net loss(a)

 

(1,957

)

(1,199

)

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

(1,991

)

(1,319

)

Total before income tax expense

 

 

 

796

 

 

Income tax expense(b)

 

 

 

 

 

 

 

 

 

 

 

$

(1,195

)

$

(1,319

)

Net of income tax expense

 

 

 

 

 

 

 

 

 

 

 

 

(a)

See Note 12, Retirement Plans for additional details.

 

(b)

Income tax expense is $0 for August 30, 2014 due to the valuation allowance. See Note 6, Income Taxes for additional details.