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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Nov. 19, 2016
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Loss

Changes in Accumulated other comprehensive loss for the twelve week periods ended November 19, 2016 and November 21, 2015 consisted of the following:

 

(in thousands)

   Pension
Liability
    Foreign
Currency (3)
    Net
Unrealized
Gain on
Securities
    Derivatives     Total  

Balance at August 27, 2016

   $ (88,890   $ (211,012   $ 120      $ (7,747   $ (307,529

Other comprehensive (loss) before reclassifications (1)

       —        (40,591     (235     —          (40,826

Amounts reclassified from Accumulated other comprehensive loss (1)

     1,816 (2)      —          6 (4)      330 (5)      2,152   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at November 19, 2016

   $ (87,074   $ (251,603   $ (109   $ (7,417   $ (346,203
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(in thousands)

   Pension
Liability
    Foreign
Currency (3)
    Net
Unrealized
Gain on
Securities
    Derivatives     Total  

Balance at August 29, 2015

   $ (70,795   $ (171,488   $ (26   $ (7,209   $ (249,518

Other comprehensive income (loss) before reclassifications (1)

     —          7,787        (75     —          7,712   

Amounts reclassified from Accumulated other comprehensive loss (1)

     1,234 (2)      —          13 (4)      164 (5)      1,411   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at November 21, 2015

   $ (69,561   $ (163,701   $ (88   $ (7,045   $ (240,395
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Amounts in parentheses indicate debits to Accumulated other comprehensive loss.
(2) Represents amortization of pension liability adjustments, net of taxes of $1,385 in fiscal 2017 and $1,190 in fiscal 2016, 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 on marketable securities, net of taxes of $3 in fiscal 2017 and $7 in fiscal 2016, 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 $179 in fiscal 2017 and $85 is fiscal 2016, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.