Stockholders' Equity (Tables)

9 Months Ended

Sep. 01, 2012

Stockholders' Equity

Schedule of basic and diluted per share results

	For the 13 Weeks Ended,					For the 39 Weeks Ended,
	September 1, 2012		August 27, 2011			September 1, 2012		August 27, 2011
Income (loss) from continuing operations for computation of basic and diluted per share results, net of tax	$	1,882	$	(568	)	$	345	$	(3,600	)
Income from discontinued operation for computation of basic and diluted per share results, net of tax	—		140			1,647		414
Net income (loss)	$	1,882	$	(428	)	$	1,992	$	(3,186	)
Weighted average shares outstanding for computation of basic per share results	5,139,000		5,134,000			5,137,000		5,129,000
Incremental shares from assumed exercise of Griffin stock options (a)	4,000		—			4,000		—
Adjusted weighted average shares for computation of diluted per share results	5,143,000		5,134,000			5,141,000		5,129,000

(a) Incremental shares from the assumed exercise of Griffin stock options are not included in periods where the inclusion of such shares would be anti-dilutive.  Such assessment is based on income (loss) from continuing operations when net income (loss) includes discontinued operations.  The incremental shares from the assumed exercise of stock options in the thirteen and thirty-nine weeks ended August 27, 2011 would have been 6,000 and 8,000, respectively.

Schedule of options granted under 2009 Stock Option Plan to non-employee directors upon their re-election to Board of Directors and to employees

	For the 39 Weeks Ended,
	September 1, 2012			August 27, 2011
	Number of Shares	Fair Value per Option at Grant Date		Number of Shares	Fair Value per Option at Grant Date
Non-employee directors	6,748	$	11.32	8,712	$	12.03
Employees	—			104,500	$	10.37 - 12.88
Total	6,748			113,212

Schedule of assumptions used in determining fair value of stock options granted

	For the 39 Weeks Ended,
	September 1, 2012	August 27, 2011
Expected volatility	41.1%	42.0% to 43.4%
Risk free interest rate	1.16%	2.06% to 2.81%
Expected option term (in years)	8.5	5 to 8.5
Annual dividend yield	—	1.4%

Summary of activity under the Griffin Stock Option Plan of the vested stock options

	For the 39 Weeks Ended,
	September 1, 2012				August 27, 2011
Vested Options	Number of Shares		Weighted Avg. Exercise Price		Number of Shares		Weighted Avg. Exercise Price
Outstanding at beginning of period	54,075		$	27.08	45,730		$	23.18
Exercised	(5,322	)	$	15.03	(10,667	)	$	17.45
Vested	33,801		$	32.69	19,012		$	31.06
Forfeited	(1,419	)	$	28.18	—		—
Outstanding at end of period	81,135		$	30.19	54,075		$	27.08

Schedule of vested options by range of exercise prices

Range of Exercise Prices for Vested  Options	Outstanding at September 1, 2012	Weighted Avg.  Exercise Price		Weighted Avg.  Remaining Contractual Life (in years)	Total Intrinsic Value		Total Grant Date Fair Value
$11.00-$12.00	6,776	$	11.81	0.7	$	112	$	35
$24.00-$32.00	29,260	$	28.74	4.0	20		413
$33.00-$39.00	45,099	$	33.89	5.6	—		669
	81,135	$	30.19	4.6	$	132	$	1,117

Summary of activity under the Griffin Stock Option Plan of the nonvested stock options

	For the 39 Weeks Ended,
	September 1, 2012				August 27, 2011
Nonvested Options	Number of Shares		Weighted Avg. Exercise Price		Number of Shares		Weighted Avg. Exercise Price
Nonvested at beginning of period	190,443		$	30.56	103,881		$	32.56
Granted	6,748		$	23.70	113,212		$	28.68
Vested	(33,801	)	$	32.69	(19,012	)	$	31.06
Nonvested at end of period	163,390		$	29.84	198,081		$	30.48

Schedule of nonvested options by range of exercise prices

Range of Exercise Prices for Nonvested Options	Outstanding at September 1, 2012	Weighted Avg. Exercise Price		Weighted Avg. Remaining Contractual Life (in years)	Total Intrinsic Value		Total Grant Date Fair Value
$23.00-$30.00	115,056	$	28.41	8.5	$	36	$	1,429
$33.00-$35.00	48,334	$	33.24	6.2	—		668
	163,390	$	29.84	7.8	$	36	$	2,097

Schedule of option holders

Number of option holders at September 1, 2012 17

Schedule of compensation expense and related tax benefits for stock options

	For the 13 Weeks Ended,				For the 39 Weeks Ended,
	September 1, 2012		August 27, 2011		September 1, 2012		August 27, 2011
Compensation expense	$	124	$	170	$	428	$	447
Related tax benefit	$	32	$	40	$	98	$	111

Schedule of unrecognized compensation expense related to nonvested stock options that will be recognized during future periods

Balance of Fiscal 2012	$	123
Fiscal 2013	$	403
Fiscal 2014	$	213
Fiscal 2015	$	90
Fiscal 2016	$	12

Schedule of components of accumulated other comprehensive loss

	September 1, 2012			December 3, 2011
Unrealized gain on investment in Centaur Media	$	321		$	260
Unrealized loss on cash flow hedges	(2,014		)	(1,522		)
Actuarial gain on postretirement benefit plan	284			284
	$	(1,409	)	$	(978	)