XML 87 R74.htm IDEA: XBRL DOCUMENT v3.22.2.2
Retirement Plans and Postretirement Costs - Summary of Supplemental Executive Retirement Plan and Postretirement Plans Income and Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Jul. 03, 2022
Jun. 27, 2021
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME:    
Amortization of prior service credits   $ 8
Amortization of unrecognized net loss $ (422) (369)
SERP    
COMPONENTS OF NET PERIODIC BENEFIT COST (CREDIT):    
Service cost 63 63
Interest cost 53 41
Plan settlements   65
Amortization of unrecognized net loss 86 10
Net periodic benefit cost (credit) $ 202 $ 179
Benefit Obligations:    
Benefit Obligations, Discount rate 4.26% 2.06%
Benefit Obligations, Rate of compensation increases 4.00% 3.00%
Net Periodic Benefit Cost:    
Net Periodic Benefit Cost, Discount rate 2.06% 2.33%
Benefit Obligations, Rate of compensation increases 3.00% 3.00%
CHANGE IN PROJECTED BENEFIT OBLIGATION:    
Benefit obligation at beginning of year $ 2,797 $ 2,293
Service cost 63 63
Interest cost 53 41
Actuarial loss (gain) 265 631
Benefits paid (14) (231)
Benefit obligation at end of year 3,164 2,797
CHANGE IN PLAN ASSETS:    
Employer contribution 14 231
Benefits paid (14) (231)
Funded status – accrued benefit obligations (3,164) (2,797)
AMOUNTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS:    
Accrued payroll and benefits (current liabilities) (1,905) (463)
Accrued benefit obligations (long-term liabilities) (1,259) (2,334)
Net amount recognized (3,164) (2,797)
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME:    
Net periodic benefit cost 202 179
Net actuarial loss (gain) 265 631
Settlement loss   (65)
Amortization of unrecognized net loss (86) (10)
Total recognized in other comprehensive (income) loss, before tax 179 556
Total recognized in net periodic benefit cost and other comprehensive loss, before tax 381 735
Postretirement Benefits    
COMPONENTS OF NET PERIODIC BENEFIT COST (CREDIT):    
Service cost 12 13
Interest cost 13 16
Amortization of prior service cost (credit)   (8)
Amortization of unrecognized net loss 336 359
Net periodic benefit cost (credit) $ 361 $ 380
Benefit Obligations:    
Benefit Obligations, Discount rate 4.23% 2.01%
Net Periodic Benefit Cost:    
Net Periodic Benefit Cost, Discount rate 2.01% 2.07%
CHANGE IN PROJECTED BENEFIT OBLIGATION:    
Benefit obligation at beginning of year $ 709 $ 821
Service cost 12 13
Interest cost 13 16
Actuarial loss (gain) (77) (26)
Benefits paid (99) (115)
Benefit obligation at end of year 558 709
CHANGE IN PLAN ASSETS:    
Employer contribution 99 115
Benefits paid (99) (115)
Funded status – accrued benefit obligations (558) (709)
AMOUNTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS:    
Accrued payroll and benefits (current liabilities) (95) (110)
Accrued benefit obligations (long-term liabilities) (463) (599)
Net amount recognized (558) (709)
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME:    
Net periodic benefit cost 361 380
Net actuarial loss (gain) (77) (26)
Amortization of prior service credits   8
Amortization of unrecognized net loss (336) (359)
Total recognized in other comprehensive (income) loss, before tax (413) (377)
Total recognized in net periodic benefit cost and other comprehensive loss, before tax $ (52) $ 3