Shareholders' Equity (Tables)

12 Months Ended

Dec. 25, 2019

Components of accumulated other comprehensive loss

The components of the change in accumulated other comprehensive loss were as follows:



	Pensions			Derivatives			Accumulated Other Comprehensive Loss
	(In thousands)
Balance as of December 28, 2016	$	(945	)	$	(462	)	$	(1,407	)
Benefit obligation actuarial loss	(172		)	—			(172		)
Amortization of net loss ⁽¹⁾	92			—			92
Settlement loss recognized	21			—			21
Net change in fair value of derivatives	—			(1,359		)	(1,359		)
Reclassification of derivatives to interest expense⁽²⁾	—			(72		)	(72		)
Income tax benefit	22			559			581
Balance as of December 27, 2017	$	(982	)	$	(1,334	)	$	(2,316	)
Benefit obligation actuarial gain	96			—			96
Amortization of net loss ⁽¹⁾	112			—			112
Net change in fair value of derivatives	—			(2,595		)	(2,595		)
Reclassification of derivatives to interest expense ⁽²⁾	—			307			307
Income tax (expense) benefit	(53		)	303			250
Balance as of December 26, 2018	$	(827	)	$	(3,319	)	$	(4,146	)
Benefit obligation actuarial loss	(25		)	—			(25		)
Amortization of net loss ⁽¹⁾	86			—			86
Net change in fair value of derivatives	—			(40,486		)	(40,486		)
Reclassification of derivatives to interest expense ⁽²⁾	—			291			291
Income tax (expense) benefit	(15		)	10,335			10,320
Balance as of December 25, 2019	$	(781	)	$	(33,179	)	$	(33,960	)


(1)	Before-tax amount that was reclassified from accumulated other comprehensive loss and included as a component of pension expense within general and administrative expenses in our Consolidated Statements of Income. See Note 13 for additional details.

(2)

Amounts reclassified from accumulated other comprehensive loss into income represent payments made to the counterparty for the effective portions of the interest rate swaps. These amounts are included as a component of interest expense in our Consolidated Statements of Income. We expect to reclassify approximately $1.2 million from accumulated other comprehensive loss related to our interest rate swaps during the next twelve months. See Note 11 for additional details.