Note 12 - Post Employment Benefit Obligations

9 Months Ended

Aug. 27, 2011

Postemployment Benefits Disclosure [Text Block]

12.  Post Employment Benefit Obligations

We have an unfunded Supplemental Retirement Income Plan (the “Supplemental Plan”) that covers one current and certain former executives.  The liability for this plan was $8,689 and $8,866 as of August 27, 2011 and November 27, 2010, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	August 27, 2011		November 27, 2010
Other accrued liabilities	$	846	$	846
Post employment benefit obligations		7,843		8,020
Total pension liability	$	8,689	$	8,866

Components of net periodic pension costs are as follows:

	Quarter Ended				Nine Months Ended
	August 27, 2011		August 28, 2010		August 27, 2011		August 28, 2010
Service cost	$	12	$	11	$	36	$	33
Interest cost		105		105		315		317
Amortization of transition obligation		11		10		33		32
Net periodic pension cost	$	128	$	126	$	384	$	382

We have an unfunded Deferred Compensation Plan that covers one current executive and certain former executives and provides for voluntary deferral of compensation. This plan has been frozen with no additional participants or deferrals permitted. We recognized expense of $83 and $102 for the quarters ended August 27, 2011 and August 28, 2010 respectively, and $249 and $204 for the nine months ended August 27, 2011 and August 28, 2010, respectively.  Our liability under this plan was $2,818 and $2,985 as of August 27, 2011 and November 27, 2010, respectively, and is reflected in post employment benefit obligations.