Accumulated Other Comprehensive Loss

9 Months Ended

May 09, 2015

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 May 9, 2015 and May 10, 2014 consisted of the following:

(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at February 14, 2015	$	(61,335	)	$	(116,689	)	$	(12	)	$	(7,550	)	$	(185,586	)
Other comprehensive (loss) income before reclassifications		—			(13,285	)		121			277			(12,887	)
Amounts reclassified from Accumulated other comprehensive loss (1)		1,256	(2)		—			8	(4)		27	(5)		1,291
Balance at May 9, 2015	$	(60,079	)	$	(129,974	)	$	117		$	(7,246	)	$	(197,182	)
(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at February 15, 2014	$	(48,954	)	$	(64,172	)	$	146		$	(7,366	)	$	(120,346	)
Other comprehensive income before reclassifications		—			13,700			23			—			13,723
Amounts reclassified from Accumulated other comprehensive loss (1)		957	(2)		—			(36	)(4)		25	(5)		946
Balance at May 10, 2014	$	(47,997	)	$	(50,472	)	$	133		$	(7,341	)	$	(105,677	)

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

(2) Represents amortization of pension liability adjustments, net of taxes of $807 for the twelve weeks ended May 9, 2015 and $630 for the twelve weeks ended May 10, 2014, 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 additional U.S. 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 $4 for the twelve weeks ended May 9, 2015 and $19 for the twelve weeks ended May 10, 2014 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 for the twelve weeks ended May 9, 2015 and $17 for the twelve weeks ended May 10, 2014, 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 thirty-six week periods ended May 9, 2015 and May 10, 2014, consisted of the following:

(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at August 30, 2014	$	(63,820	)	$	(57,836	)	$	76		$	(7,323	)	$	(128,903	)
Other comprehensive (loss) income before reclassifications		—			(72,138	)		61			—			(72,077	)
Amounts reclassified from Accumulated other comprehensive loss (1)		3,741	(2)		—			(20	)(4)		77	(5)		3,798
Balance at May 9, 2015	$	(60,079	)	$	(129,974	)	$	117		$	(7,246	)	$	(197,182	)

(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 before reclassifications		—			12,011			220			—			12,231
Amounts reclassified from Accumulated other comprehensive loss (1)		2,864	(2)		—			(62	)(4)		78	(5)		2,880
Balance at May 10, 2014	$	(47,997	)	$	(50,472	)	$	133		$	(7,341	)	$	(105,677	)

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

(2) Represents amortization of pension liability adjustments, net of taxes of $2,449 in fiscal 2015 and $1,898 in fiscal 2014, 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 additional U.S. 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 in fiscal 2015 and $33 in fiscal 2014, 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 $49 in fiscal 2015 and $48 is fiscal 2014, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.