Rendering

Component: (Network and Table)
Network
31003 - Disclosure - Postretirement Benefit Plans (Tables)
(http://www.cirrus.com/role/DisclosurePostretirementBenefitPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Postretirement Benefit Plans [Abstract]Period [Axis]
2015-03-29 - 2016-03-26
Postretirement Benefit Plans [Abstract]
 
Schedule of Net Funded Status



 

 

 

 

 



 

 

 

 

 



March 26,

 

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

 

(1,095)

 

 

(255)

Change in foreign currency exchange rate

 

(1,221)

 

 

 -

Actuarial (gain) / loss

 

(1,643)

 

 

3,827 

Total benefit obligation ending balance

 

23,968 

 

 

27,091 



 

 

 

 

 

Change in plan assets:

 

 

 

 

 

Beginning balance

 

26,735 

 

 

25,021 

Actual return on plan assets

 

(155)

 

 

1,969 

Employer contributions

 

1,409 

 

 

 -

Change in foreign currency exchange rate

 

(1,206)

 

 

 -

Benefits paid and expenses

 

(1,095)

 

 

(255)

Fair value of plan assets ending balance

 

25,688 

 

 

26,735 



 

 

 

 

 

Funded status of Scheme at end of year

$

1,720 

 

$

(356)



 
 
Schedule of Net Benefit Costs



 

 

 

 

 



 

 

 

 

 



Fiscal Years Ended



March 26,

 

March 28,



2016

 

2015

Expenses

$

15 

 

$

16 

Interest cost

 

821 

 

 

544 

Expected return on plan assets

 

(1,212)

 

 

(792)

Amortization of actuarial loss

 

49 

 

 

 -



$

(327)

 

$

(232)



 
 
Schedule of Assumptions



 

 

 

 

 

 



 

 

 

 

 

 



2016

 

2015

 

Discount rate

 

3.20 

%

 

4.00 

%

Expected long-term return on plan assets

 

4.65 

%

 

5.36 

%



 
 
Schedule of Allocation of Plan Assets



Quoted Prices

 

 

 

 

 

 

 

 

 



in Active

 

Significant

 

 

 

 

 

 



Markets for

 

Other

 

Significant

 

 

 



Identical

 

Observable

 

Unobservable

 

 

 



Assets

 

Inputs

 

Inputs

 

 

 



Level 1

 

Level 2

 

Level 3

 

Total

Plan Assets:

 

 

 

 

 

 

 

 

 

 

 

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):





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Quoted Prices

 

 

 

 

 

 

 

 

 



in Active

 

Significant

 

 

 

 

 

 



Markets for

 

Other

 

Significant

 

 

 



Identical

 

Observable

 

Unobservable

 

 

 



Assets

 

Inputs

 

Inputs

 

 

 



Level 1

 

Level 2

 

Level 3

 

Total

Plan Assets:

 

 

 

 

 

 

 

 

 

 

 

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)



 

 



 

 



 

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



 

 



 

 



 

Fiscal Year



 

2017

Transition (asset) obligation

$

 -

Prior service cost

 

 -

Actuarial loss (gain)

 

(106)



 
 
Schedule of Defined Benefit Plans Disclosures



 

 



 

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



 

 



 

 

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