XML 54 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 11 - Accrued Expenses
12 Months Ended
Jun. 30, 2013
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]

11. Accrued Expenses 


Accrued expenses consist of the following:


   

June 30, 2013

   

June 24, 2012

 

Payroll and fringe benefits

  $ 11,676     $ 9,080  

Utilities

    3,058       2,540  

Severance

    1,049        

Property taxes

    798       842  

Retiree medical liability

    106       138  

Interest

    102       398  

Asset retirement obligation

          125  

Other

    1,696       1,279  

Total accrued expenses

  $ 18,485     $ 14,402  

The increased accrual for payroll and fringe benefits is primarily due to the increase in certain variable compensation awards. Accrued severance represents the current portion of amounts due under a severance agreement between the Company and a former executive officer. See “Note 22. Other Operating Expense, Net” for further discussion of restructuring charges. In June 2012, the Company recorded an asset retirement obligation associated with the reclamation and removal costs related to a leased location in its Polyester Segment. During fiscal year 2013, the lease was terminated, the related retirement obligation was settled and the Company delivered possession to the lessor effective December 31, 2012. Other consists primarily of unearned revenues related to returnable packaging, license fees, workers compensation and other employee related claims, current portion of domestic retiree and post-employment medical liabilities, marketing expenses, freight expenses, rent, customer credits and other non-income related taxes.