Postretirement Benefit Plans [Abstract] | Period [Axis] |
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2015-03-29 - 2016-03-26 |
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Postretirement Benefit Plans [Abstract] | |
Schedule of Net Funded Status |
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March 26,
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March 28,
|
|
2016
|
|
2015
|
Change in benefit obligation:
|
|
|
|
|
|
Beginning balance
|
$
|
27,091
|
|
$
|
22,959
|
Expenses
|
|
15
|
|
|
16
|
Interest cost
|
|
821
|
|
|
544
|
Benefits paid and expenses
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|
(1,095)
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|
|
(255)
|
Change in foreign currency exchange rate
|
|
(1,221)
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|
|
-
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Actuarial (gain) / loss
|
|
(1,643)
|
|
|
3,827
|
Total benefit obligation ending balance
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|
23,968
|
|
|
27,091
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|
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Change in plan assets:
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|
|
|
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Beginning balance
|
|
26,735
|
|
|
25,021
|
Actual return on plan assets
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|
(155)
|
|
|
1,969
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Employer contributions
|
|
1,409
|
|
|
-
|
Change in foreign currency exchange rate
|
|
(1,206)
|
|
|
-
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Benefits paid and expenses
|
|
(1,095)
|
|
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(255)
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Fair value of plan assets ending balance
|
|
25,688
|
|
|
26,735
|
|
|
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|
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Funded status of Scheme at end of year
|
$
|
1,720
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|
$
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(356)
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|
Schedule of Net Benefit Costs |
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Fiscal Years Ended
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March 26,
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March 28,
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2016
|
|
2015
|
Expenses
|
$
|
15
|
|
$
|
16
|
Interest cost
|
|
821
|
|
|
544
|
Expected return on plan assets
|
|
(1,212)
|
|
|
(792)
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Amortization of actuarial loss
|
|
49
|
|
|
-
|
|
$
|
(327)
|
|
$
|
(232)
|
|
Schedule of Assumptions |
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2016
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|
2015
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Discount rate
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|
3.20
|
%
|
|
4.00
|
%
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Expected long-term return on plan assets
|
|
4.65
|
%
|
|
5.36
|
%
|
|
Schedule of Allocation of Plan Assets |
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Quoted Prices
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in Active
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Significant
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Markets for
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Other
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Significant
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Identical
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Observable
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Unobservable
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Assets
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|
Inputs
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Inputs
|
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Level 1
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Level 2
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Level 3
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Total
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Plan Assets:
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|
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Cash
|
$
|
42
|
|
$
|
-
|
|
$
|
-
|
|
$
|
42
|
Pension funds
|
|
-
|
|
|
25,646
|
|
|
-
|
|
|
25,646
|
|
$
|
42
|
|
$
|
25,646
|
|
$
|
-
|
|
$
|
25,688
|
The table below sets forth the fair value of our plan assets as of March 28, 2015, (in thousands):
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Quoted Prices
|
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|
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|
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in Active
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Significant
|
|
|
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Markets for
|
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Other
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Significant
|
|
|
|
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Identical
|
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Observable
|
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Unobservable
|
|
|
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Assets
|
|
Inputs
|
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Inputs
|
|
|
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Level 1
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Level 2
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|
Level 3
|
|
Total
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Plan Assets:
|
|
|
|
|
|
|
|
|
|
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Cash
|
$
|
1,160
|
|
$
|
-
|
|
$
|
-
|
|
$
|
1,160
|
Pension funds
|
|
-
|
|
|
25,575
|
|
|
-
|
|
|
25,575
|
|
$
|
1,160
|
|
$
|
25,575
|
|
$
|
-
|
|
$
|
26,735
|
|
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) |
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|
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Fiscal Year
|
|
|
2016
|
Net actuarial gain
|
$
|
2,660
|
|
|
|
Accumulated other comprehensive income, before tax
|
$
|
2,660
|
|
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year |
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Fiscal Year
|
|
|
2017
|
Transition (asset) obligation
|
$
|
-
|
Prior service cost
|
|
-
|
Actuarial loss (gain)
|
|
(106)
|
|
Schedule of Defined Benefit Plans Disclosures |
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|
|
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Benefit
|
|
|
Payments
|
2017
|
$
|
292
|
2018
|
|
300
|
2019
|
|
465
|
2020
|
|
544
|
2021
|
|
534
|
Thereafter
|
|
2,754
|
|
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates |
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Change
|
|
Approximate impact on liabilities
|
Decrease discount rate by 0.1%, per year
|
|
2% increase
|
Increase inflation linked assumptions by 0.1%, per year
|
|
2% increase (of inflation-linked liabilities)
|
Increase life expectancy by 1 year
|
|
2% increase
|
|