Long-Term Debt (Tables)

4 Months Ended

Sep. 18, 2012

Debt Disclosure [Abstract]

Schedule of long-term debt

	September 18, 2012				May 29, 2012
	Payable within one year		Payable after one  year		Payable within one year		Payable after one  year
	(in thousands)
Construction Loan —
Construction Phase	$	—	$	—	$	—	$	—
Term Loans	4,752		11,812		5,423		13,241
Revolving Loan	—		—		—		—
Stock Repurchase Loan —	134		717		132		762
2009 Term Loan	1,047		178		1,038		443
	$	5,933	$	12,707	$	6,593	$	14,446

Schedule of maturities of long-term debt

The portion payable after one year matures as follows:

	September 18, 2012		May 29, 2012
	(in thousands)
Annual period ending in 2014	$	4,466	$	4,846
2015	3,398		3,652
2016	2,189		2,721
2017	1,631		1,654
2018	897		1,235
Subsequent to 2018	126		338
	$	12,707	$	14,446

Schedule of carrying values and estimated fair values of debt instruments

Fair Values

The fair values of the fixed rate Term Loans within the Construction Loan as shown in the following table are based on fixed rates that would have been available at September 18, 2012 if the loans could have been refinanced with terms similar to the remaining terms under the present Term Loans. The carrying value of substantially all other long-term debt approximates its fair value.

	Carrying Value		Fair Value
Term Loans under the Construction Loan	$	16,564,000	$	17,291,000