XML 34 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Employee Benefit Plans (Tables)
 6 Months Ended
May 29, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of defined benefit plans disclosures
The following table summarizes the components of net periodic benefit cost and the changes recognized in “Accumulated other comprehensive loss” for the Company’s defined benefit pension plans and postretirement benefit plans: 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Postretirement Benefits
 
Three Months Ended
 
Three Months Ended
 
May 29,
2016
 
May 31,
2015
 
May 29,
2016
 
May 31,
2015
 
(Dollars in thousands)
Net periodic benefit cost:
 
 
 
 
 
 
 
Service cost
$
2,072

 
$
2,090

 
$
50

 
$
62

Interest cost(1)
9,490

 
11,790

 
806

 
1,147

Expected return on plan assets
(12,162
)
 
(12,716
)
 
—

 
—

Amortization of prior service benefit
(16
)
 
(15
)
 
—

 
—

Amortization of actuarial loss
3,028

 
3,163

 
741

 
1,128

Curtailment loss
—

 
52

 
—

 
—

Net periodic benefit cost
2,412

 
4,364

 
1,597

 
2,337

Changes in accumulated other comprehensive loss:
 
 
 
 
 
 
 
Actuarial loss
18

 
—

 
—

 
—

Amortization of prior service benefit
16

 
15

 
—

 
—

Amortization of actuarial loss
(3,028
)
 
(3,163
)
 
(741
)
 
(1,128
)
Curtailment loss
—

 
(52
)
 
—

 
—

Total recognized in accumulated other comprehensive loss
(2,994
)
 
(3,200
)
 
(741
)
 
(1,128
)
Total recognized in net periodic benefit cost and accumulated other comprehensive loss
$
(582
)
 
$
1,164

 
$
856

 
$
1,209

_____________
 
(1)
The decrease in interest cost is primarily due to the election made at the end of 2015 to adopt the spot-rate approach to determine the interest cost component of pension and postretirement expense.

 
Pension Benefits
 
Postretirement Benefits
 
Six Months Ended
 
Six Months Ended
 
May 29,
2016
 
May 31,
2015
 
May 29,
2016
 
May 31,
2015
 
(Dollars in thousands)
Net periodic benefit cost:
 
 
 
 
 
 
 
Service cost
$
4,130

 
$
4,218

 
$
100

 
$
125

Interest cost(1)
18,962

 
23,630

 
1,612

 
2,294

Expected return on plan assets
(24,296
)
 
(25,433
)
 
—

 
—

Amortization of prior service benefit
(31
)
 
(31
)
 
—

 
—

Amortization of actuarial loss
6,035

 
6,323

 
1,483

 
2,256

Curtailment loss
—

 
387

 
—

 
—

Net periodic benefit cost
4,800

 
9,094

 
3,195

 
4,675

Changes in accumulated other comprehensive loss:
 
 
 
 
 
 
 
Actuarial loss
170

 
—

 
—

 
—

Amortization of prior service benefit
31

 
31

 
—

 
—

Amortization of actuarial loss
(6,035
)
 
(6,323
)
 
(1,483
)
 
(2,256
)
Curtailment loss
—

 
(387
)
 
—

 
—

Total recognized in accumulated other comprehensive loss
(5,834
)
 
(6,679
)
 
(1,483
)
 
(2,256
)
Total recognized in net periodic benefit cost and accumulated other comprehensive loss
$
(1,034
)
 
$
2,415

 
$
1,712

 
$
2,419


_____________
 
(1)
The decrease in interest cost is primarily due to the election made at the end of 2015 to adopt the spot-rate approach to determine the interest cost component of pension and postretirement expense.