Rendering

Component: (Network and Table)
Network
2309301 - Disclosure - Employee Benefits (Tables)
(http://www.bluelinxco.com/role/EmployeeBenefitsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2016-01-03 - 2016-12-31
Compensation and Retirement Disclosure [Abstract]
 
Schedule of changes in projected benefit obligations and change in plan assets
The following tables set forth the change in projected benefit obligation and the change in plan assets for the pension plan:
 
December 31,
2016
 
January 2,
2016
 
(In thousands)
Change in projected benefit obligation:
 
 
 
Projected benefit obligation at beginning of period
$
115,055

 
$
121,955

Service cost
996

 
1,104

Interest cost
4,901

 
5,099

Actuarial (gain) loss
2,094

 
(8,460
)
Curtailment gain
(181
)
 
(272
)
Benefits paid
(9,429
)
 
(4,371
)
Projected benefit obligation at end of period
113,436

 
115,055

Change in plan assets:
 

 
 

Fair value of assets at beginning of period
78,264

 
80,192

Actual return on plan assets
4,868

 
(2,820
)
Employer contributions
5,384

 
5,263

Benefits paid
(9,429
)
 
(4,371
)
Fair value of assets at end of period
79,087

 
78,264

Net unfunded status of plan
$
(34,349
)
 
$
(36,791
)
 
 
Schedule of amounts recognized on consolidated balance sheets
The unfunded status recorded as Pension Benefit Obligation on our Consolidated Balance Sheets for the pension plan is set forth in the following table, along with the unrecognized actuarial loss, which is presented as part of Accumulated Other Comprehensive Loss:
 
December 31,
2016
 
January 2,
2016
 
(In thousands)
Unfunded status                                                                                                                            
$
(34,349
)
 
$
(36,791
)
Unrecognized prior service cost

 
1

Unrecognized actuarial loss
34,014

 
31,871

Net amount recognized
$
(335
)
 
$
(4,919
)
Amounts recognized on the balance sheet consist of:
 

 
 

Accrued pension liability
$
(34,349
)
 
$
(36,791
)
Accumulated other comprehensive loss (pre-tax)
34,014

 
31,872

Net amount recognized
$
(335
)
 
$
(4,919
)
 
 
Schedule of net periodic pension cost for pension plans
Net periodic pension cost for the pension plan included the following:
 
Fiscal Year Ended
December 31,
2016
 
Fiscal Year Ended
January 2,
2016
 
Fiscal Year Ended
January 3,
2015
 
(In thousands)
Service cost                                                                                              
$
996

 
$
1,104

 
$
1,056

Interest cost on projected benefit obligation
4,901

 
5,099

 
5,123

Expected return on plan assets
(6,224
)
 
(6,172
)
 
(6,041
)
Amortization of unrecognized loss
1,126

 
699

 
763

Net periodic pension cost
$
799

 
$
730

 
$
901

 
 
Schedule of assumptions used to determine the projected benefit obligation
The following assumptions were used to determine the projected benefit obligation at the measurement date and the net periodic pension cost:
 
December 31, 2016
 
January 2, 2016
Projected benefit obligation:
 
 
 
Discount rate
4.26
%
 
4.52
%
Average rate of increase in future compensation levels
Graded 5.5-2.5%

 
Graded 5.5-2.5%

Net periodic pension cost:
 

 
 

Discount rate
4.52
%
 
4.19
%
Average rate of increase in future compensation levels
Graded 5.5-2.5%

 
Graded 5.5-2.5%

Expected long-term rate of return on plan assets
7.82
%
 
7.54
%
 
 
Schedule of percentage of fair value of total assets by asset category
Our percentage of fair value of total assets by asset category as of the applicable measurement dates are as follows:
Asset Category
 
December 31,
2016
 
January 2,
2016
Equity securities — domestic                                                                                                                            
 
49
%
 
59
%
Equity securities — international
 
12
%
 
14
%
Fixed income
 
38
%
 
24
%
Other
 
1
%
 
3
%
Total
 
100
%
 
100
%
 
 
Schedule of fair value of plan assets by asset category
The fair value of our plan assets by asset category as of the applicable measurement dates are as follows:
Asset Category
 
December 31,
2016
 
January 2,
2016
 
 
(In thousands)
Equity securities — domestic                                                                                                                                                 
 
$
38,417

 
$
46,087

Equity securities — international
 
9,717

 
10,912

Fixed income
 
30,493

 
18,792

Other
 
460

 
2,473

Total
 
$
79,087

 
$
78,264

 
 
Schedule of estimated future benefit payments
Our estimated future benefit payments reflecting expected future service are as follows:
Fiscal Year Ending
(In thousands)
2017
$
5,859

2018
6,132

2019
6,266

2020
6,500

2021
6,710

Thereafter
34,800

 
 
Schedule of multiemployer plans
The following table lists our participation in our multiemployer plans which we deem significant. “Contributions” represent the amounts contributed to the plan during the fiscal years presented:
 
 
 
 
 
 
Contributions (in millions)
Pension Fund:
EIN/Pension Plan Number
Pension Act Zone Status
FIP/RP Status
Surcharge
 
2016
 
2015
 
2014
Lumber Employees Local 786 Retirement Fund (1)
516067407
Green
(September 1, 2015)
N/A
No
 
$
0.4

 
$
0.4

 
$
0.4

Central States, Southeast and Southwest Areas Pension Fund (2)
366044243
Critical and Declining
(January 1, 2016)
RP
No
 
0.6

 
0.7

 
0.6

Other
 
 
 
 
 
0.4

 
1.2

 

Total
 
 
 
 
 
$
1.4

 
$
2.3

 
$
1.0


(1)    Our contributions for fiscal 2016 and 2015 exceeded 5% of total plan contributions, and we were deemed to be a significant contributor to this plan. The plan fiscal year began on September 1, 2016, and to date, we have likely contributed over 5% of the total plan’s contributions. The collective bargaining agreement requiring contributions to this plan expired on September 30, 2016, and we are currently negotiating a new agreement with the union.   
(2)    We did not contribute more than 5% of total plan contributions to this plan; however, this plan is deemed significant as it is severely underfunded, and we may, in the future, record a liability if required by an event of our withdrawal from the plan or a mass withdrawal. Our contingent fiscal 2016 withdrawal liability was estimated at approximately $30.7 million.