Rendering

Component: (Network and Table)
Network
2310301 - Disclosure - Postretirement Benefits (Tables)
(http://atkore.com/role/PostretirementBenefitsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2015-09-26 - 2016-09-30
Compensation and Retirement Disclosure [Abstract]
 
Schedule of Net Periodic Benefit Cost
The net periodic benefit cost for the periods presented was as follows: 
 
Fiscal Year Ended
(in thousands)
September 30, 2016
 
September 25, 2015
 
September 26, 2014
Service cost
$
1,894

 
$
2,509

 
$
2,783

Interest cost
4,143

 
4,784

 
4,850

Expected return on plan assets
(6,318
)
 
(6,803
)
 
(6,265
)
Amortization of actuarial loss
722

 
88

 

Net periodic benefit cost
$
441

 
$
578

 
$
1,368

Weighted-average assumptions used to determine net periodic pension cost during the period:
 
 
 
 
 
Discount rate
4.2
%

4.2
%
 
4.6
%
Expected return on plan assets
7.0
%
 
7.0
%
 
7.0
%
Rate of compensation increase
N/a


N/a

 
N/a

 
 
Schedule of Amounts Amortized from Accumulated Other Comprehensive Loss
The amounts amortized from accumulated other comprehensive loss is as follows:
 
Fiscal Year Ended
(in thousands)
September 30, 2016
 
September 25, 2015
 
September 26, 2014
Amortization of unrecognized actuarial loss
$
722

 
$
88

 
$

 
 
Schedule of Change in Benefit Obligations and Plan Assets
The change in the benefit obligations, plan assets and the amounts recognized on the consolidated balance sheets was as follows:
Change in benefit obligations:
 
 
Benefit obligations as of September 26, 2014
 
$
116,648

Service cost
 
2,509

Interest cost
 
4,784

Actuarial loss
 
1,542

Benefits and administrative expenses paid
 
(4,283
)
Benefit obligations as of September 25, 2015
 
121,200

Service cost
 
1,894

Interest cost
 
4,143

Actuarial loss
 
10,542

Benefits and administrative expenses paid
 
(4,627
)
Benefit obligations as of September 30, 2016
 
$
133,152

 
 
 

Change in plan assets:
 
 
Fair value of plan assets as of September 26, 2014
 
$
99,820

Actual return on plan assets
 
(3,566
)
Employer contributions
 
1,103

Benefits and administrative expenses paid
 
(4,283
)
Fair value of plan assets as of September 25, 2015
 
93,074

Actual return on plan assets
 
9,122

Employer contributions
 
411

Benefits and administrative expenses paid
 
(4,627
)
Fair value of plan assets as of September 30, 2016
 
$
97,980

Funded status as of September 30, 2016
 
$
(35,172
)
 
 
Schedule of Amounts Recognized in Balance Sheet
 
 
September 30, 2016
 
September 25, 2015
Amounts recognized in the consolidated balance sheets consist of:
 
 
 
 
Pension liabilities
 
$
(35,172
)
 
$
(28,126
)
Net amount recognized
 
$
(35,172
)
 
$
(28,126
)
 
 
 
 
 
Amounts recognized in accumulated other comprehensive loss (before income taxes) consist of:
 
 
 
 
Net actuarial loss
 
$
(28,205
)
 
$
(21,189
)
Total loss recognized
 
$
(28,205
)
 
$
(21,189
)
 
 
 
 
 
Weighted-average assumptions used to determine pension benefit obligations at year end:
 
 
 
 
Discount rate
 
3.5
%
 
4.2
%
Rate of compensation increase
 
N/a

 
N/a

 
 
Schedule of Allocation of Plan Assets
Pension plans have the following weighted-average asset allocations:
 
 
September 30, 2016
 
September 25, 2015
Asset Category:
 
 
 
 
Equity securities
 
52%
 
59%
Debt securities
 
33%
 
40%
Cash and cash equivalents
 
15%
 
1%
Total
 
100%
 
100%
The Company’s asset allocations by level within the fair value hierarchy for the years ended September 30, 2016 and September 25, 2015, are presented in the table below for the Company’s defined benefit plans.
 
 
September 30, 2016
 
September 25, 2015
(in thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. equity securities
 
$

 
$
28,798

 
$

 
$
28,798

 
$
9,635

 
$
26,682

 
$

 
$
36,317

Non-U.S. equity securities
 

 
21,754

 

 
21,754

 

 
18,990

 

 
18,990

Fixed income securities:
 
 
 
 
 
 
 


 
 
 
 
 
 
 


Government and government agency securities
 

 
7,688

 

 
7,688

 

 
17,890

 

 
17,890

Corporate debt securities
 

 
16,230

 

 
16,230

 

 
18,791

 

 
18,791

Mortgage and other asset-backed securities
 

 
8,454

 

 
8,454

 

 
376

 

 
376

Cash and cash equivalents
 
15,056

 

 

 
15,056

 
710

 

 

 
710

Total
 
$
15,056

 
$
82,924

 
$

 
$
97,980

 
$
10,345

 
$
82,729

 
$

 
$
93,074

 
 
Schedule of Future Benefit Payments
Benefit payments, which reflect future expected service as appropriate, are expected to be paid in each fiscal year as follows:
(in thousands)
 
 
2017
 
$
4,926

2018
 
5,338

2019
 
5,659

2020
 
6,040

2021
 
6,358

2022-2026
 
35,361