Stockholders' Equity (Tables)

6 Months Ended

Jun. 01, 2013

Schedule of basic and diluted per share results

	For the 13 Weeks Ended,						For the 26 Weeks Ended,
	June 1, 2013			June 2, 2012			June 1, 2013		June 2, 2012

Income (loss) as reported from continuing operations for computation of basic and diluted per share results, net of tax	$	(112	)	$	(412	)	$	1,198	$	(1,537	)

Income as reported from discontinued operation for computation of basic and diluted per share results, net of tax	—			—			—		1,647

Net income (loss)	$	(112	)	$	(412	)	$	1,198	$	110

Weighted average shares outstanding for computation of basic per share results	5,142,000			5,137,000			5,141,000		5,136,000

Incremental shares from assumed exercise of Griffin stock options (a)	—			—			6,000		—

Adjusted weighted average shares for computation of diluted per share results	5,142,000			5,137,000			5,147,000		5,136,000

(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 includes discontinued operations. The incremental shares from the assumed exercise of stock options in the thirteen weeks ended June 1, 2013 would have been 8,000. The incremental shares from the assumed exercise of stock options in the thirteen and twenty-six weeks ended June 2, 2012 would have been 3,000 and 4,000, respectively.

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

	For the 26 Weeks Ended,
	June 1, 2013			June 2, 2012
	Number of Shares	Fair Value per Option at Grant Date		Number of Shares	Fair Value per Option at Grant Date

Non-employee directors	8,112	$	12.94	6,748	$	11.32

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

	For the 26 Weeks Ended,
	June 1, 2013			June 2, 2012

Expected volatility	40.3		%	41.1	%
Risk free interest rate	1.33		%	1.16	%
Expected option term (in years)	8.5			8.5
Annual dividend yield	$	0.20		—

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

	For the 26 Weeks Ended,
	June 1, 2013				June 2, 2012
Vested Options	Number of Shares		Weighted Avg. Exercise Price		Number of Shares		Weighted Avg. Exercise Price
Outstanding at beginning of period	80,451		$	29.95	54,075		$	27.08
Exercised	(6,776	)	$	11.81	(5,322	)	$	15.03
Vested	34,143		$	32.36	33,801		$	32.69
Outstanding at end of period	107,818		$	31.86	82,554		$	30.16

Schedule of vested options by range of exercise prices

Range of Exercise Prices for Vested Options	Outstanding at June 1, 2013	Weighted Avg. Exercise Price		Weighted Avg. Remaining Contractual Life (in years)	Total Intrinsic Value
$23.00-$32.00	34,742	$	28.24	4.8	$	65
$32.00-$39.00	73,076	$	33.58	5.6	—
	107,818	$	31.86	5.3	$	65

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

	For the 26 Weeks Ended,
	June 1, 2013				June 2, 2012
Nonvested Options	Number of Shares		Weighted Avg. Exercise Price		Number of Shares		Weighted Avg. Exercise Price
Nonvested at beginning of period	163,390		$	29.84	190,443		$	30.56
Granted	8,112		$	29.58	6,748		$	23.70
Vested	(34,143	)	$	32.36	(33,801	)	$	32.69
Nonvested at end of period	137,359		$	29.20	163,390		$	29.84

Schedule of nonvested options by range of exercise prices

Range of Exercise Prices for Nonvested Options	Outstanding at June 1, 2013	Weighted Avg. Exercise Price		Weighted Avg. Remaining Contractual Life (in years)	Total Intrinsic Value
$23.00-$30.00	117,360	$	28.53	7.9	$	146
$33.00-$35.00	19,999	$	33.07	5.6	—
	137,359	$	29.20	7.6	$	146

Schedule of option holders

Number of option holders at June 1, 2013

Schedule of compensation expense and related tax benefits for stock options

	For the 13 Weeks Ended,				For the 26 Weeks Ended,
	June 1, 2013		June 2, 2012		June 1, 2013		June 2, 2012

Compensation expense	$	152	$	166	$	267	$	304

Related tax benefit	$	28	$	31	$	57	$	66

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

As of June 1, 2013, the unrecognized compensation expense related to nonvested stock options that will be recognized during future periods is as follows:

Balance of Fiscal 2013	$	215
Fiscal 2014	$	265
Fiscal 2015	$	112
Fiscal 2016	$	12

Schedule of components of accumulated other comprehensive loss

	Unrealized			Unrealized gain			Actuarial gain
	loss on cash			on investment			on postretirement
	flow hedges			in Centaur Media			benefit plan		Total
Balance December 1, 2012	$	(2,011	)	$	1,054		$	236	$	(721	)

Before reclassfication	267			(672		)	—		(405		)
Amount reclassified	230			(332		)	—		(102		)
Net current period activity for other comprehensive loss	497			(1,004		)	—		(507		)
Balance June 1, 2013	$	(1,514	)	$	50		$	236	$	(1,228	)

Schedule of changes in accumulated other comprehensive income (loss)

	For the 13 Weeks Ended,
	June 1, 2013									June 2, 2012
	Pre-Tax			Tax (Expense) Benefit			Net-of-Tax			Pre-Tax			Tax (Expense) Benefit			Net-of-Tax

Reclassification included in net income (loss):
Loss on cash flow hedges (interest expense)	$	191		$	(71	)	$	120		$	163		$	(61	)	$	102
Total reclassification included in net income (loss)	191			(71		)	120			163			(61		)	102

Mark to market adjustment on Centaur Media for the increase (decrease) in the foreign currency exchange rate	20			(7		)	13			(95		)	33			(62		)

Mark to market adjustment on Centaur Media for the decrease in fair value	(995		)	349			(646		)	(720		)	252			(468		)

Increase (decrease) in fair value of Griffin’s cash flow hedges	293			(109		)	184			(476		)	177			(299		)

Other comprehensive loss	$	(491	)	$	162		$	(329	)	$	(1,128	)	$	401		$	(727	)

	For the 26 Weeks Ended,
	June 1, 2013									June 2, 2012
	Pre-Tax			Tax (Expense) Benefit			Net-of-Tax			Pre-Tax			Tax (Expense) Benefit			Net-of-Tax

Reclassifications included in net income (loss):
Realized gain on sale of Centaur Media (gain on sale)	$	(509	)	$	177		$	(332	)	$	—		$	—		$	—

Loss on cash flow hedges (interest expense)	366			(136		)	230			329			(122		)	207
Total reclassifications included in net income (loss)	(143		)	41			(102		)	329			(122		)	207

Mark to market adjustment on Centaur Media for the decrease in the foreign currency exchange rate	(223		)	78			(145		)	(44		)	15			(29		)

Mark to market adjustment on Centaur Media for the decrease in fair value	(811		)	284			(527		)	(257		)	90			(167		)

Increase (decrease) in fair value of Griffin’s cash flow hedges	424			(157		)	267			(882		)	327			(555		)

Other comprehensive loss	$	(753	)	$	246		$	(507	)	$	(854	)	$	310		$	(544	)