XML 26 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee and Retiree Benefits (Tables)
12 Months Ended
Aug. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Postretirement health care and deferred compensation benefits are as follows:
(In thousands)
August 30, 2014
 
August 31, 2013
Postretirement health care benefit cost
$
36,930

 
$
36,244

Non-qualified deferred compensation
21,014

 
22,366

Executive share option plan liability
5,628

 
6,959

SERP benefit liability
2,974

 
2,876

Executive deferred compensation
213

 
105

Officer stock-based compensation
627

 
543

Total postretirement health care and deferred compensation benefits
67,386

 
69,093

Less current portion(1)
(4,575
)
 
(5,019
)
Long-term postretirement health care and deferred compensation benefits(2)
$
62,811

 
$
64,074

Schedule of Defined Benefit Plans Disclosures [Table Text Block]
Changes in our postretirement health care liability are as follows:
(In thousands)
August 30, 2014
 
August 31, 2013
Balance at beginning of year
$
36,244

 
$
45,132

Interest cost
1,540

 
1,508

Service cost
393

 
574

Net benefits paid
(1,035
)
 
(1,109
)
Actuarial loss (gain)
3,368

 
(5,572
)
Plan amendment
(3,580
)
 
(4,289
)
Balance at end of year
$
36,930

 
$
36,244

Schedule of Net Benefit Costs [Table Text Block]
Net periodic postretirement benefit income for the past three fiscal years consisted of the following components:
 
Year Ended
(In thousands)
August 30, 2014
 
August 31, 2013
 
August 25, 2012
Interest cost
$
1,540

 
$
1,508

 
$
1,849

Service cost
393

 
574

 
539

Amortization of prior service benefit
(5,650
)
 
(5,170
)
 
(4,592
)
Amortization of net actuarial loss
1,077

 
1,603

 
1,029

Net periodic postretirement benefit income
$
(2,640
)
 
$
(1,485
)
 
$
(1,175
)
Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]
Amounts not yet recognized in net periodic benefit cost and included in accumulated other comprehensive income (before taxes) are as follows:
(In thousands)
August 30, 2014
 
August 31, 2013
Prior service credit
$
(14,857
)
 
$
(16,926
)
Net actuarial loss
17,190

 
14,899

Accumulated other comprehensive income (loss)
$
2,333

 
$
(2,027
)
Schedule of Expected Benefit Payments [Table Text Block]
Expected future benefit payments for postretirement health care for the next ten years are as follows:
(In thousands)
 
Amount
Year:
2015
 
$
1,164

 
2016
 
1,306

 
2017
 
1,447

 
2018
 
1,587

 
2019
 
1,723

 
2020-2024
 
10,336

 
Total
 
$
17,563

Investment in Life Insurance [Table Text Block]
To assist in funding the deferred compensation and SERP liabilities, we have invested in COLI policies. The cash surrender value of these policies is presented as investment in life insurance in the accompanying balance sheets and consists of the following:
(In thousands)
August 30, 2014
 
August 31, 2013
Cash value
$
55,982

 
$
55,484

Borrowings
(30,856
)
 
(30,433
)
Investment in life insurance
$
25,126

 
$
25,051