Significant Accounting Policies

3 Months Ended

Dec. 02, 2011

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

Note 2 Significant Accounting Policies

The significant accounting policies followed by the Company are set forth in Note 2 to our audited consolidated financial statements included in the Annual Report on Form 10-K for the year ended September 2, 2011. The following are updates to those policies.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Examples include valuation allowances for deferred tax assets, and provisions for bad debts, inventory obsolescence and accrued expenses.  Actual results could differ from these estimates.

Fiscal Year

We use a fifty-two, fifty-three week year.  The fiscal year ends on the Friday closest to August 31.  The first quarter of fiscal years 2012 and 2011 both contained thirteen weeks.  Fiscal years 2012 and 2011 contain fifty-two weeks.