Accumulated Other Comprehensive Loss

6 Months Ended

Feb. 15, 2014

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note J – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss includes certain adjustments to pension liabilities, foreign currency translation adjustments, certain activity for interest rate swaps and treasury rate locks that qualify as cash flow hedges and unrealized gains (losses) on available-for-sale securities. Changes in Accumulated other comprehensive loss for the twelve week periods ended February 15, 2014 and February 9, 2013, consisted of the following:

(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at November 23, 2013	$	(49,909	)	$	(54,976	)	$	191		$	(7,393	)	$	(112,087	)
Other comprehensive (loss) income before reclassifications		—			(9,196	)		(25	)		—			(9,221	)
Amounts reclassified from Accumulated other comprehensive loss (1)		955	(2)		—			(20	)(4)		27	(5)		962
Balance at February 15, 2014	$	(48,954	)	$	(64,172	)	$	146		$	(7,366	)	$	(120,346	)

(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at November 17, 2012	$	(92,532	)	$	(52,326	)	$	361		$	(7,965	)	$	(152,462	)
Other comprehensive income (loss) before reclassifications		—			15,320			(40	)		—			15,280
Amounts reclassified from Accumulated other comprehensive loss (1)		2,038	(2)		—			(27	)(4)		263	(5)		2,274
Balance at February 9, 2013	$	(90,494	)	$	(37,006	)	$	294		$	(7,702	)	$	(134,908	)

(1) Amounts in parentheses indicate debits to Accumulated other comprehensive loss.

(2) Represents amortization of pension liability adjustments, net of taxes of $0.6 million for the twelve weeks ended February 15, 2014 and $1.3 million for the twelve weeks ended February 9, 2013, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note G – Pension and Savings Plans” for further discussion.

(3) Foreign currency is not shown net of tax as earnings of non-U.S. subsidiaries are intended to be permanently reinvested.

(4) Represents realized (losses) gains on marketable securities, net of taxes of $11 thousand for the twelve weeks ended February 15, 2014 and $14 thousand for the twelve weeks ended February 9, 2013, which is recorded in Operating, selling, general, and administrative expenses on the Condensed Consolidated Statements of Income. See “Note D – Marketable Securities” for further discussion.

(5) Represents gains and losses on derivatives, net of taxes of $15 thousand for the twelve weeks ended February 15, 2014 and $155 thousand for the twelve weeks ended February 9, 2013, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.

Changes in Accumulated other comprehensive loss for the twenty-four week periods ended February 15, 2014 and February 9, 2013, consisted of the following:

(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at August 31, 2013	$	(50,861	)	$	(62,483	)	$	(25	)	$	(7,419	)	$	(120,788	)
Other comprehensive income (loss) before reclassifications		—			(1,689	)		194			—			(1,495	)
Amounts reclassified from Accumulated other comprehensive loss (1)		1,907	(2)		—			(23	)(4)		53	(5)		1,937
Balance at February 15, 2014	$	(48,954	)	$	(64,172	)	$	146		$	(7,366	)	$	(120,346	)

(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at August 25, 2012	$	(93,967	)	$	(50,267	)	$	351		$	(8,130	)	$	(152,013	)
Other comprehensive (loss) income before reclassifications		—			13,261			(7	)		—			13,254
Amounts reclassified from Accumulated other comprehensive loss (1)		3,473	(2)		—			(50	)(4)		428	(5)		3,851
Balance at February 9, 2013	$	(90,494	)	$	(37,006	)	$	294		$	(7,702	)	$	(134,908	)

(1) Amounts in parentheses indicate debits to Accumulated other comprehensive loss.

(2) Represents amortization of pension liability adjustments, net of taxes of $1.3 million in fiscal 2014 and $3.2 million is fiscal 2013, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note G – Pension and Savings Plans” for further discussion.

(3) Foreign currency is not shown net of tax as earnings of non-U.S. subsidiaries are intended to be permanently reinvested.

(4) Represents realized (losses) gains on marketable securities, net of taxes of $13 thousand in fiscal 2014 and $27 thousand in fiscal 2013, which is recorded in Operating, selling, general, and administrative expenses on the Condensed Consolidated Statements of Income. See “Note D – Marketable Securities” for further discussion.

(5) Represents gains and losses on derivatives, net of taxes of $31 thousand in fiscal 2014 and $258 thousand is fiscal 2013, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.