Fair Value Measures (Tables)

3 Months Ended

Sep. 01, 2012

Schedule Of Fair Value And Carrying Value Of Borrowings Under Credit Facilities And Long-Term Debt



	September 1, 2012				June 2, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
5.8 – 6.8% Notes payable	$	60,839	$	64,091	$	63,039	$	66,388
Series A Senior Secured Notes at 5.45%		12,103		12,374		12,629		12,905
Note payable-Texas Egg Products, LLC (payable to non-affiliate equity members)*		552		552		552		552
	$	73,494	$	77,017	$	76,220	$	79,845

* Cost approximates fair value for the Note payable – Texas Egg Products, LLC

Schedule Of Assets Measured At Fair Value On A Recurring Basis

Assets measured at fair value on a recurring basis consisted of the following types of instruments as of September 1, 2012:



	Fair Value Measurements at Reporting Date Using
	Quoted Prices
	in Active		Significant
	Markets for		Other		Significant
	Identical		Observable		Unobservable
	Instruments		Inputs		Inputs		Total
	(Level 1)		(Level 2)		(Level 3)		Balance
Investment securities available-for-sale
State municipal bonds	$	-	$	111,914	$	-	$	111,914
US government obligations		-		24,581		-		24,581
Corporate bonds		-		15,126		-		15,126
Certificates of deposit		-		12,760		-		12,760
Government agency bonds		-		14,277		-		14,277

Total assets measured at fair value	$	-	$	178,658	$	-	$	178,658

Assets measured at fair value on a recurring basis consisted of the following types of instruments as of June 2, 2012:



	Fair Value Measurements at Reporting Date Using
	Quoted Prices
	in Active		Significant
	Markets for		Other		Significant
	Identical		Observable		Unobservable
	Instruments		Inputs		Inputs		Total
	(Level 1)		(Level 2)		(Level 3)		Balance
Investment securities available-for-sale
State municipal bonds	$	-	$	104,866	$	-	$	104,866
US government obligations		-		20,783		-		20,783
Corporate bonds		-		16,244		-		16,244
Certificates of deposit		-		11,514		-		11,514
Government agency bonds		-		10,216		-		10,216

Total assets measured at fair value	$	-	$	163,623	$	-	$	163,623

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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