Note 8 - Employee Benefit Plans

3 Months Ended

Dec. 30, 2017

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

(

8

) Employee Benefit Plans

Supplemental employee retirement plan

.

We have Retirement Security Agreements (each, a “SERP”) with certain of our employees (each, a “Participant”). Under the SERPs, if the Participant remains in continuous service with us for a period of at least

30

 years, we will pay them a supplemental retirement benefit for the

15

-year period following their retirement equal to

50%

of their highest average annual base salary for

five

consecutive years in the

10

-year period preceding their retirement. If the Participant retires prior to the later of age

65

or the completion of

30

 years of continuous service with us, but has completed at least

10

years of continuous service, the amount of their supplemental retirement benefit will be reduced by

1/360th

for each month short of

30

 years that they were employed by us.

Net periodic

pension cost for the SERPs includes the following components:

	Three Months Ende d
	December 30 ,		December 31 ,
(In thousands )	201 7		201 6
Interest cos t	$	86	$	85
Service cos t		77		86
Recognized net actuarial los s		38		43
Net periodic pension cos t	$	201	$	214