Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 138

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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 approximately $4,000 to the defined benefit pension plan during fiscal 2025.  The projected annual contribution requirements related to the Partnership’s postretirement health care and life insurance benefit plan for fiscal 2025 is $342, of which $67 was contributed during the three months ended December 28, 2024.  The components of net periodic benefit cost are included in the line item “Other, net” in the condensed consolidated statements of operations.The Partnership contributes to multi-employer pension plans (“MEPPs”) in accordance with various collective bargaining agreements covering union employees.  As one of the many participating employers in these MEPPs, the Partnership is responsible with the other participating employers for any plan underfunding.  As of December 28, 2024 and September 28, 2024, the Partnership’s estimated obligation to these MEPPs was $19,662 and $20,026, respectively, as a result of its voluntary full withdrawal from certain MEPPs.

16.Amounts Reclassified Out of Accumulated Other Comprehensive IncomeThe following table summarizes amounts reclassified out of accumulated other comprehensive income (loss) for the three months ended December 28, 2024 and December 30, 2023: 

        Three Months Ended

        December 28,

        December 30,

        2024

        2023

        Pension Benefits

        Balance, beginning of period
         
        $
        (9,809
        )
         
        $
        (15,190
        )

        Reclassifications to earnings:

        Amortization of net loss (1)

        62

        425

        Other comprehensive income

        62

        425

        Balance, end of period
         
        $
        (9,747
        )
         
        $
        (14,765
        )

        Postretirement Benefits

        Balance, beginning of period
         
        $
        3,662

        $
        4,523

        Reclassifications to earnings:

           Amortization of net gain and prior service credits (1)

        (178
        )

        (256
        )

        Other comprehensive loss

        (178
        )

        (256
        )

        Balance, end of period
         
        $
        3,484

        $
        4,267

        Accumulated Other Comprehensive Income (Loss)

        Balance, beginning of period
         
        $