Accumulated Other Comprehensive Loss | 6 Months Ended |
Feb. 14, 2015 |
Equity [Abstract] | |
Accumulated Other Comprehensive Loss | Note J – Accumulated Other Comprehensive Loss |
Accumulated other comprehensive loss includes certain adjustments to pension liabilities, foreign currency translation adjustments, certain activity for interest rate swaps and treasury rate locks that qualify as cash flow hedges and unrealized gains (losses) on available-for-sale securities. Changes in Accumulated other comprehensive loss for the twelve week periods ended February 14, 2015 and February 15, 2014 consisted of the following: |
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(in thousands) | | Pension | | | Foreign | | | Net | | | Derivatives | | | Total | |
Liability | Currency (3) | Unrealized |
| | Gain on |
| | Securities |
Balance at November 22, 2014 | | $ | (62,603 | ) | | $ | (76,197 | ) | | $ | 38 | | | $ | (7,389 | ) | | $ | (146,151 | ) |
Other comprehensive loss before reclassifications | | | — | | | | (40,492 | ) | | | (30 | ) | | | (186 | ) | | | (40,708 | ) |
Amounts reclassified from Accumulated other comprehensive loss (1) | | | 1,268 | (2) | | | — | | | | (20 | ) (4) | | | 25 | (5) | | | 1,273 | |
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Balance at February 14, 2015 | | $ | (61,335 | ) | | $ | (116,689 | ) | | $ | (12 | ) | | $ | (7,550 | ) | | $ | (185,586 | ) |
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(in thousands) | | Pension | | | Foreign | | | Net | | | Derivatives | | | Total | |
Liability | Currency (3) | Unrealized |
| | Gain on |
| | Securities |
Balance at November 23, 2013 | | $ | (49,909 | ) | | $ | (54,976 | ) | | $ | 191 | | | $ | (7,393 | ) | | $ | (112,087 | ) |
Other comprehensive loss before reclassifications | | | — | | | | (9,196 | ) | | | (25 | ) | | | — | | | | (9,221 | ) |
Amounts reclassified from Accumulated other comprehensive loss (1) | | | 955 | (2) | | | — | | | | (20 | ) (4) | | | 27 | (5) | | | 962 | |
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Balance at February 15, 2014 | | $ | (48,954 | ) | | $ | (64,172 | ) | | $ | 146 | | | $ | (7,366 | ) | | $ | (120,346 | ) |
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-1 | Amounts in parentheses indicate debits to Accumulated other comprehensive loss. | | | | | | | | | | | | | | | | | | | |
-2 | Represents amortization of pension liability adjustments, net of taxes of $795 for the twelve weeks ended February 14, 2015 and $632 for the twelve weeks ended February 15, 2014, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note G – Pension and Savings Plans” for further discussion. | | | | | | | | | | | | | | | | | | | |
-3 | Foreign currency is not shown net of additional U.S. tax as earnings of non-U.S. subsidiaries are intended to be permanently reinvested. | | | | | | | | | | | | | | | | | | | |
-4 | Represents realized (losses) gains on marketable securities, net of taxes of $11 for the twelve weeks ended February 14, 2015 and $11 for the twelve weeks ended February 15, 2014 which is recorded in Operating, selling, general, and administrative expenses on the Condensed Consolidated Statements of Income. See “Note D – Marketable Securities” for further discussion. | | | | | | | | | | | | | | | | | | | |
-5 | Represents gains and losses on derivatives, net of taxes of $17 for the twelve weeks ended February 14, 2015 and $15 for the twelve weeks ended February 15, 2014, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion. | | | | | | | | | | | | | | | | | | | |
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Changes in Accumulated other comprehensive loss for the twenty-four week periods ended February 14, 2015 and February 15, 2014, consisted of the following: |
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(in thousands) | | Pension | | | Foreign | | | Net | | | Derivatives | | | Total | |
Liability | Currency (3) | Unrealized |
| | Gain on |
| | Securities |
Balance at August 30, 2014 | | $ | (63,820 | ) | | $ | (57,836 | ) | | $ | 76 | | | $ | (7,323 | ) | | $ | (128,903 | ) |
Other comprehensive loss before reclassifications | | | — | | | | (58,853 | ) | | | (72 | ) | | | (277 | ) | | | (59,202 | ) |
Amounts reclassified from Accumulated other comprehensive loss (1) | | | 2,485 | (2) | | | — | | | | (16 | ) (4) | | | 50 | (5) | | | 2,519 | |
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Balance at February 14, 2015 | | $ | (61,335 | ) | | $ | (116,689 | ) | | $ | (12 | ) | | $ | (7,550 | ) | | $ | (185,586 | ) |
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(in thousands) | | Pension | | | Foreign | | | Net | | | Derivatives | | | Total | |
Liability | Currency (3) | Unrealized |
| | Gain on |
| | Securities |
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Balance at August 31, 2013 | | $ | (50,861 | ) | | $ | (62,483 | ) | | $ | (25 | ) | | $ | (7,419 | ) | | $ | (120,788 | ) |
Other comprehensive (loss) income before reclassifications | | | — | | | | (1,689 | ) | | | 194 | | | | — | | | | (1,495 | ) |
Amounts reclassified from Accumulated other comprehensive loss (1) | | | 1,907 | (2) | | | — | | | | (23 | ) (4) | | | 53 | (5) | | | 1,937 | |
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Balance at February 15, 2014 | | $ | (48,954 | ) | | $ | (64,172 | ) | | $ | 146 | | | $ | (7,366 | ) | | $ | (120,346 | ) |
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-1 | Amounts in parentheses indicate debits to Accumulated other comprehensive loss. | | | | | | | | | | | | | | | | | | | |
-2 | Represents amortization of pension liability adjustments, net of taxes of $1,642 in fiscal 2015 and $1,268 in fiscal 2014, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note G – Pension and Savings Plans” for further discussion. | | | | | | | | | | | | | | | | | | | |
-3 | Foreign currency is not shown net of additional U.S. tax as earnings of non-U.S. subsidiaries are intended to be permanently reinvested. | | | | | | | | | | | | | | | | | | | |
-4 | Represents realized (losses) gains on marketable securities, net of taxes of $9 in fiscal 2015 and $13 in fiscal 2014, which is recorded in Operating, selling, general, and administrative expenses on the Condensed Consolidated Statements of Income. See “Note D – Marketable Securities” for further discussion. | | | | | | | | | | | | | | | | | | | |
-5 | Represents gains and losses on derivatives, net of taxes of $34 in fiscal 2015 and $31 is fiscal 2014, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion. | | | | | | | | | | | | | | | | | | | |