Amounts Reclassified Out of Accumulated Other Comprehensive Income |
16.Amounts Reclassified Out of Accumulated Other Comprehensive Income The following table summarizes amounts reclassified out of accumulated other comprehensive income (loss) for the three and nine months ended June 28, 2025 and June 29, 2024:
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Three Months Ended |
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Nine Months Ended |
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June 28, |
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June 29, |
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June 28, |
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June 29, |
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2025 |
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2024 |
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2025 |
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2024 |
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Pension Benefits |
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Balance, beginning of period |
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$ |
(9,686 |
) |
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$ |
(14,339 |
) |
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$ |
(9,809 |
) |
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$ |
(15,190 |
) |
Reclassifications to earnings: |
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Recognition of net actuarial loss for pension settlement (1) |
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450 |
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550 |
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450 |
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550 |
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Amortization of net loss (1) |
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61 |
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425 |
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184 |
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1,276 |
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Other comprehensive income |
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511 |
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975 |
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634 |
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1,826 |
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Balance, end of period |
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$ |
(9,175 |
) |
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$ |
(13,364 |
) |
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$ |
(9,175 |
) |
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$ |
(13,364 |
) |
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Postretirement Benefits |
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Balance, beginning of period |
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$ |
3,306 |
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$ |
4,010 |
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$ |
3,662 |
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$ |
4,523 |
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Reclassifications to earnings: |
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Amortization of net gain and prior service credits (1) |
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(178 |
) |
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(256 |
) |
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(534 |
) |
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(769 |
) |
Other comprehensive loss |
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(178 |
) |
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(256 |
) |
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(534 |
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(769 |
) |
Balance, end of period |
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$ |
3,128 |
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$ |
3,754 |
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$ |
3,128 |
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$ |
3,754 |
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Accumulated Other Comprehensive Income (Loss) |
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Balance, beginning of period |
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$ |
(6,380 |
) |
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$ |
(10,329 |
) |
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$ |
(6,147 |
) |
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$ |
(10,667 |
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Reclassifications to earnings |
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(117 |
) |
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169 |
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(350 |
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507 |
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Recognition of net actuarial loss for pension settlement |
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450 |
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550 |
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450 |
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550 |
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Other comprehensive (loss) income |
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333 |
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719 |
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100 |
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1,057 |
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Balance, end of period |
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$ |
(6,047 |
) |
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$ |
(9,610 |
) |
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$ |
(6,047 |
) |
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$ |
(9,610 |
) |
(1)These amounts are included in the computation of net periodic benefit cost. See Note 15, “Pension Plans and Other Postretirement Benefits.”
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