Note 11 - Accrued Expenses

9 Months Ended

Mar. 25, 2012

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

11. Accrued Expenses

Accrued expenses consist of the following:

	March 25, 2012		June 26, 2011
Payroll and fringe benefits	$	6,192	$	11,119
Utilities		2,187		2,237
Interest		5,233		1,900
Property taxes		467		885
Retiree medical liability		140		202
Derivative instruments		13		2
Other		1,219		1,150
Total accrued expenses	$	15,451	$	17,495

Other accruals consist primarily of sales taxes, workers compensation and other employee related claims, marketing expenses, freight expenses, rent and other non-income related taxes.  The decreased accrual for payroll and fringe benefits is primarily due to the timing associated with payment of awards previously earned and the amounts expected to be earned under variable compensation programs.  The increase in accrued interest is related to the timing of the Company’s semi-annual interest payment on its 11.5% senior secured notes (“2014 notes”) which is due on May 15, 2012.