RETIREMENT AND SAVINGS BENEFIT PLANS - Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations (Details) $ in Thousands |
12 Months Ended |
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Dec. 28, 2019
USD ($)
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Amount included in the statement of income: | |
Service cost | $ 680 |
Actuarial assumptions used to determine pension expense: | |
Discount rate in effect for determining service cost | 1.28% |
Discount rate in effect for determining interest cost | 1.80% |
Expected long-term return on plan assets | 3.00% |
Rate of compensation increase | 3.00% |
Amounts included in Consolidated Balance Sheets: | |
Projected benefit obligations | $ 20,651 |
Fair value of plan assets | 7,427 |
Other liabilities (Note 11) | (13,224) |
Accumulated other comprehensive loss, pretax - net deferred actuarial losses | $ (3,068) |
Actuarial assumptions used to determine pension obligation: | |
Discount rate | 0.68% |
Rate of compensation increase | 3.00% |
Accumulated benefit obligations | $ 11,636 |
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- Definition Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate, Interest Cost No definition available.
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- Definition Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate, Service Cost No definition available.
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- Definition Defined Benefit Plan, Net Pension Periodic Benefit Cost (Credit) No definition available.
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- Definition Amount of actuarial present value of benefits attributed to employee service rendered, excluding assumptions about future compensation level. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before tax, of accumulated other comprehensive (income) loss for defined benefit plan, that has not been recognized in net periodic benefit cost (credit). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of asset (liability), recognized in statement of financial position, for defined benefit pension and other postretirement plans. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average rate increase of compensation, used to determine benefit obligation of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average rate of compensation increase used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Amount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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