Note 8 - Post-Employment Benefit Obligations

6 Months Ended

Jun. 01, 2013

Postemployment Benefits Disclosure [Abstract]

Postemployment Benefits Disclosure [Text Block]

8. Post Employment Benefit Obligations

Supplemental Executive Retirement Defined Benefit Plan (SERP)

We have an unfunded Supplemental Retirement Income Plan that covers one current and certain former executives. The liability for this plan was $9,457 and $9,805 as of June 1, 2013 and November 24, 2012, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	June 1, 2013		November 24, 2012
Other accrued liabilities	$	858	$	843
Post employment benefit obligations		8,599		8,962
Total pension liability	$	9,457	$	9,805

Components of net periodic pension costs are as follows:

	Quarter Ended				Six Months Ended
	June 1, 2013		May 26, 2012		June 1, 2013		May 26, 2012
Service cost	$	17	$	14	$	35	$	27
Interest cost		88		94		175		188
Amortization of transition obligation		10		11		21		21
Amortization of loss		21		3		41		5
Net periodic pension cost	$	136	$	122	$	272	$	241

Deferred Compensation Plan

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 under this plan as follows:

	Quarter Ended				Six Months Ended
	June 1, 2013		May 26, 2012		June 1, 2013		May 26, 2012
Deferred compensation plan expense	$	72	$	78	$	144	$	156

Our liability under this plan was $2,584 and $2,615 as of June 1, 2013 and November 24, 2012, respectively, and is reflected in post employment benefit obligations.