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Commitments And Contingencies
 12 Months Ended
Aug. 30, 2014
Commitments And Contingencies [Abstract]  
Commitments And Contingencies

13. COMMITMENTS AND CONTINGENCIES

 

Leases

 

Certain of the operations of the Company are conducted on leased premises, one of which is leased from entities affiliated with Mitchell Jacobson, the Company’s Chairman, Marjorie Gershwind Fiverson, Mr. Jacobson’s sister, and by their family related trusts. The leases (most of which require the Company to provide for the payment of real estate taxes, insurance and other operating costs) are for varying periods, the longest extending to the year 2030. Some of the leased premises contain multiple renewal provisions, exercisable at the Company’s option, as well as escalation clauses. In addition, the Company is obligated under certain equipment and automobile operating leases, which expire on varying dates through 2019. At August 30, 2014, approximate minimum annual rentals on all such leases are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

Total (Including Related Party Commitments)

 

Related Party Commitments

2015

 

$
19,937 

 

$
2,314 

2016

 

 
17,064 

 

 
2,350 

2017

 

 
14,201 

 

 
2,353 

2018

 

 
7,377 

 

 
2,372 

2019

 

 
3,715 

 

 
2,409 

Thereafter

 

 
28,912 

 

 
28,474 

Total

 

$
91,206 

 

$
40,272 

 

Total rental expense (exclusive of real estate taxes, insurance and other operating costs) for all operating leases for fiscal years 2014, 2013 and 2012 was approximately $16,329,  $13,243 and $11,271, respectively, including approximately $2,297,  $2,293 and $2,258, respectively, paid to related parties.

 

In the opinion of the Company’s management, the lease with related parties is on terms which approximate fair market value.