Note 8 - Employee Post-employment Benefits (Tables)

12 Months Ended

Jun. 06, 2017

Notes Tables

Schedule of Allocation of Plan Assets [Table Text Block]

	2017							2016
	Target Allocation				Actual Allocation			Target Allocation				Actual Allocation
Equity securities		41	-	71%		63	%		41	-	71%		61	%
Fixed income securities		13	-	43%		25	%		13	-	43%		20	%
Public real estate investment trusts		0	-	10%		0	%		0	-	10%		5	%
Cash and cash equivalents		0	-	20%		1	%		0	-	20%		4	%
Other		0	-	21%		11	%		0	-	21%		10	%
Total						100	%						100	%

Schedule of Net Benefit Costs [Table Text Block]

	Pension Plans
	2017			2016			2015
Service cost	$	26		$	312		$	301
Interest cost		1,711			1,999			1,773
Expected return on plan assets		(370	)		(411	)		(498	)
Amortization of prior service cost (a)		–			1			1
Recognized actuarial loss		1,542			2,218			1,718
Curtailment expense		–			1			–
Net periodic benefit cost	$	2,909		$	4,120		$	3,295

	Postretirement Medical and Life Benefits
	2017		2016		2015
Service cost	$	1	$	4	$	4
Interest cost		36		47		46
Recognized actuarial loss		71		130		134
Net periodic benefit cost	$	108	$	181	$	184

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

	Pension Plans						Postretirement Medical and Life Benefits
	2017			2016			2017			2016
Beginning of year	$	(16,821	)	$	(17,149	)	$	(491	)	$	(994	)
Net actuarial (loss)/gain		367			(1,891	)		147			373
Amortization of prior service credit		–			1			–			–
Amortization of actuarial loss		1,542			2,218			71			130
End of year	$	(14,912	)	$	(16,821	)	$	(273	)	$	(491	)

Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]

	Pension Plans						Postretirement Medical and Life Benefits
	2017			2016			2017			2016
Change in benefit obligation:
Beginning projected benefit obligation	$	44,429		$	43,843		$	1,100		$	1,404
Service cost		26			312			1			4
Interest cost		1,711			1,999			36			47
Plan participant contributions		–			–			84			73
Actuarial loss/(gain)		(183	)		1,411			(147	)		(373	)
Benefits paid		(3,403	)		(2,888	)		(85	)		(55	)
Curtailment gain		–			(248	)		–			–
Benefit obligation at end of year	$	42,580		$	44,429		$	989		$	1,100
Change in plan assets:
Beginning fair value of plan assets	$	6,209		$	6,786		$	–		$	–
Actual return on plan assets		554			(318	)		–			–
Employer contributions		2,766			2,629			1			(18	)
Plan participant contributions		–			–			84			73
Benefits paid		(3,403	)		(2,888	)		(85	)		(55	)
Fair value of plan assets at end of year	$	6,126		$	6,209		$	–		$	–
Funded status at end of year	$	(36,454	) *	$	(38,220	)*	$	(989	)	$	(1,100	)
Amounts recognized in the Consolidated Balance Sheets:
Accrued liabilities – payroll and related costs	$	(2,953	)	$	(2,527	)	$	(123	)	$	(113	)
Other deferred liabilities		(33,501	)		(35,693	)		(866	)		(987	)
Net amount recognized at year-end	$	(36,454	)	$	(38,220	)	$	(989	)	$	(1,100	)
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss		(14,912	)		(16,821	)		(273	)		(491	)
Total amount recognized	$	(14,912	)	$	(16,821	)	$	(273	)	$	(491	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

	2017		2016		2015
Recognized actuarial loss	$	1,613	$	2,348	$	1,852
Amortization of prior service cost/(credit)		–		1		1
Curtailment expense		–		1		–
Pension reclassification	$	1,613	$	2,350	$	1,853

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

	Pension Plans				Postretirement Medical and Life Benefits
	June 6, 2017		May 31, 2016		June 6, 2017		May 31, 2016
Projected benefit obligation	$	42,580	$	44,429	$	989	$	1,100
Accumulated benefit obligation		42,580		44,428		989		1,100
Fair value of plan assets		6,126		6,209		–		–

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

	2017		2016
Level 2:
Cash and cash equivalents	$	80	$	249
Level 1:
Equity securities
U.S.-based companies		2,677		2,561
International-based companies		1,175		1,222
Fixed income securities		1,504		1,259
Public real estate investment trusts		–		315
Other		690		603
Total assets reported as of fiscal year end	$	6,126	$	6,209

Schedule of Expected Benefit Payments [Table Text Block]

	Pension Plans		Postretirement Medical and Life Benefits
2018	$	3,716	$	123
2019		2,274		109
2020		2,214		101
2021		5,212		103
2022		8,138		95
2023-2027		11,585		356

Schedule of Unpaid Employee Separation Obligations Included in Accrued Payroll and Related Costs [Table Text Block]

Balance at June 2, 2015	$	313
Employee severance and unused vacation accruals		1,006
Cash payments		(1,002	)
Balance at May 31, 2016	$	317
Employee severance and unused vacation accruals		5,807
Cash payments		(5,270	)
Balance at June 6, 2017	$	854

Benefit Obligation [Member]

Notes Tables

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

	Pension Plans
	2017			2016
Discount rate		3.9	%		4.0	%
Rate of compensation increase		2.0	%		2.0	%

	Postretirement Medical and Life Benefits
	2017			2016
Discount rate		3.5	%		3.5	%
Rate of compensation increase		2.0	%		2.0	%

Net Periodic Benefit Cost [Member]

Notes Tables

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

	Pension Plans
	2017			2016			2015
Discount rate		4.1	%		4.2	%		4.4	%
Expected return on plan assets		6.3	%		6.3	%		7.0	%
Rate of compensation increase		2.0	%		2.0	%		2.0	%

	Postretirement Medical and Life Benefits
	2017			2016			2015
Discount rate		3.5	%		3.6	%		3.5	%
Rate of compensation increase		2.0	%		2.0	%		2.0	%