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Note 1 - Summary of Significant Accounting Policies: Benefit Plans (Policies)
12 Months Ended
Jul. 26, 2014
Policies  
Benefit Plans

 

Benefit plans

 

The Company recognizes the funded status of its Company sponsored retirement plans on the consolidated balance sheet. Actuarial gains or losses, prior service costs or credits and transition obligations not previously recognized are recorded as a component of Accumulated Other Comprehensive Income (Loss).

 

The Company also contributes to several multi-employer pension plans under the terms of collective bargaining agreements that cover certain union-represented employees.  Pension expense for these plans is recognized as contributions are made.