Employee Benefit Plans (Tables)

12 Months Ended

Oct. 01, 2011

Employee Benefit Plans [Abstract]

Pretax amount recognized in Accumulated Other Comprehensive Income

The pretax amount recognized in Accumulated Other Comprehensive Income as of October 1, 2011 and October 2, 2010 consists of the following:

	2011		2010
	(expressed in thousands)
Actuarial net loss	$	2,796	$	3,337

Summary of changes in benefit obligations and plan assets

The following is a summary of the changes in benefit obligations and plan assets during the fiscal years ended October 1, 2011 and October 2, 2010:

	2011			2010
	(expressed in thousands)
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	16,885		$	15,593
Service cost		481			349
Interest cost		795			784
Actuarial (gain) loss		(1,428	)		1,331
Exchange rate change		(336	)		(829	)
Benefits paid		(475	)		(343	)
Projected benefit obligation, end of year	$	15,922		$	16,885
Change in plan assets:
Fair value of plan assets, beginning of year	$	13,334		$	13,676
Actual return on plan assets		(372	)		444
Employer contributions		475			343
Exchange rate change		(286	)		(786	)
Benefits paid		(475	)		(343	)
Fair value of plan assets, end of year	$	12,676		$	13,334

Summary of funded status of defined benefit retirement plan

The following is a summary of the funded status of the defined benefit retirement plan and amounts recognized in the Company's Consolidated Balance Sheets at October 1, 2011 and October 2, 2010:

	2011			2010
	(expressed in thousands)
Funded status:
Funded status, end of year	$	(3,246	)	$	(3,551	)
Accumulated other comprehensive loss		2,796			3,337
Net amount recognized	$	(450	)	$	(214	)
Amounts recognized in consolidated balance sheets:
Accrued payroll and related costs	$	(555	)	$	(471	)
Pension benefit plan obligation		(2,691	)		(3,080	)
Deferred income taxes		844			1,007
Accumulated other comprehensive income, net of tax		1,952			2,330
Net amount recognized	$	(450	)	$	(214	)

Weighted average assumptions used to determine the defined benefit retirement plan obligation

The weighted average assumptions used to determine the defined benefit retirement plan obligation at October 1, 2011 and October 2, 2010, and also the net periodic benefit cost for the following fiscal year, were as follows:

	2011			2010
Discount rate		5.4	%		4.7	%
Expected rate of return on plan assets		5.4	%		5.2	%
Expected rate of increase in future compensation levels		3.0	%		2.7	%

Actual defined benefit retirement plan asset allocations

The actual defined benefit retirement plan asset allocations within the balanced mutual fund at October 1, 2011 and October 2, 2010 are as follows:

	Percentage of Plan Assets
	2011			2010
Fixed income securities(1)		80.6	%		76.5	%
Equity securities(2)		15.3	%		17.5	%
Cash and cash equivalents		0.5	%		1.8	%
Other(3)		3.6	%		4.2	%
		100.0	%		100.0	%

(1) Fixed income securities are comprised primarily of international government agency and international corporate bonds with investment grade ratings.

(2) Equity securities consist of an international mutual fund that invests solely in international stocks that are actively traded on international exchanges.

(3) Other asset holdings are comprised primarily of international bond futures and a derivatives-based mutual fund that invests in various assets.

Defined benefit retirement plan assets subject to fair value measurements

As of October 1, 2011 and October 2, 2010, the defined benefit retirement plan assets subject to fair value measurements, as described in Note 6 to the Consolidated Financial Statements, are as follows:

	October 1, 2011
	Level 1		Level 2		Level 3		Total
	(expressed in thousands)
Mutual fund(1)	$	-	$	12,676	$	-	$	12,676

	October 2, 2010
	Level 1		Level 2		Level 3		Total
	(expressed in thousands)
Mutual fund(1)	$	-	$	13,334	$	-	$	13,334

(1) The fair value of the mutual fund is generally valued based on closing prices from national exchanges, if the underlying securities are traded on an active market, or fixed income pricing models that use observable market inputs.

Net periodic benefit cost for the Company's defined benefit retirement plan

Net periodic benefit cost for the Company's defined benefit retirement plan for the fiscal years ended October 1, 2011, October 2, 2010, and October 3, 2009 included the following components:

	2011			2010			2009
	(expressed in thousands)
Service cost	$	481		$	349		$	400
Interest cost		795			784			764
Expected return on plan assets		(704	)		(748	)		(702	)
Net amortization and deferral		152			16			14
Special termination benefits		-			-			262
Net periodic benefit cost	$	724		$	401		$	738

Expected future pension benefit payments

The future pension benefit payments, which reflect expected future service, for the next five fiscal years, and the combined five fiscal years thereafter, are as follows:

Future Benefit payments:

Fiscal Year	Pension Benefits
	(expressed in thousands)
2012	$	555
2013		633
2014		687
2015		739
2016		813
2017 through 2021		4,906
	$	8,333