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Pension and Savings Plans (Tables)
12 Months Ended
Aug. 27, 2011
Pension and Savings Plans [Abstract] 
Weighted average asset allocation for pension plan assets
The fair values of investments by level and asset category and the weighted-average asset allocations of the Company’s pension plans at the measurement date are presented in the following table:
                                                 
August 27, 2011  
    Fair     Asset Allocation     Fair Value Hierarchy  
(in thousands)   Value     Actual     Target     Level 1     Level 2     Level 3  
 
                                               
U.S. equities
  $ 40,092       25.5 %     30.0 %   $     $ 40,092     $  
International equities
    28,378       18.1       20.0             28,378        
Emerging equities
    12,086       7.7       10.0             12,086        
High yield equities
    12,547       8.0       10.0             12,547        
Alternative investments
    2,807       1.8                         2,807  
Real estate
    2,474       1.6                         2,474  
Fixed income securities
    27,321       17.4       30.0             27,321        
Cash and cash equivalents
    31,178       19.9                   31,178        
 
                                   
 
  $ 156,883       100.0 %     100.0 %   $     $ 151,602     $ 5,281  
 
                                   
                                                 
August 28, 2010  
    Fair     Asset Allocation     Fair Value Hierarchy  
(in thousands)   Value     Actual     Target     Level 1     Level 2     Level 3  
 
                                               
U.S. equities
  $ 33,445       28.5 %     35.0 %   $     $ 33,445     $  
International equities
    24,049       20.5       25.0             24,049        
Emerging equities
    10,431       8.9       10.0             10,431        
High yield equities
    10,604       9.0       10.0             10,604        
Alternative investments
    4,348       3.7                         4,348  
Real estate
    7,348       6.3                         7,348  
Fixed income securities
    22,131       18.9       20.0             22,131        
Cash and cash equivalents
    4,887       4.2                   4,887        
 
                                   
 
  $ 117,243       100.0 %     100.0 %   $     $ 105,547     $ 11,696  
 
                                   
Change in fair value of Level 3 assets
The change in fair value of Level 3 assets that use significant unobservable inputs is presented in the following table:
         
    Level 3  
(in thousands)   Assets  
 
       
Beginning balance — August 28, 2010
  $ 11,696  
Actual return on plan assets:
       
Assets held at August 27, 2011
    713  
Assets sold during the year
    1,361  
Sales and settlements
    (8,489 )
 
     
Ending balance — August 27, 2011
  $ 5,281  
 
     
The plans' funded status and amounts recognized in the Company's Consolidated Balance Sheets
The following table sets forth the plans’ funded status and amounts recognized in the Company’s Consolidated Balance Sheets:
                 
    August 27,     August 28,  
(in thousands)   2011     2010  
 
               
Change in Projected Benefit Obligation:
               
Projected benefit obligation at beginning of year
  $ 211,536     $ 185,590  
Interest cost
    11,135       11,315  
Actuarial losses
    23,746       18,986  
Benefits paid
    (4,772 )     (4,355 )
 
           
Benefit obligations at end of year
  $ 241,645     $ 211,536  
 
           
 
               
Change in Plan Assets:
               
Fair value of plan assets at beginning of year
  $ 117,243     $ 115,313  
Actual return on plan assets
    10,336       6,273  
Employer contributions
    34,076       12  
Benefits paid
    (4,772 )     (4,355 )
 
           
Fair value of plan assets at end of year
  $ 156,883     $ 117,243  
 
           
                 
    August 27,     August 28,  
(in thousands)   2011     2010  
 
               
Amount Recognized in the Statement of Financial Position:
               
Current liabilities
  $ (27 )   $ (12 )
Long-term liabilities
    (84,736 )     (94,281 )
 
           
Net amount recognized
  $ (84,763 )   $ (94,293 )
 
           
 
               
Amount Recognized in Accumulated Other Comprehensive Loss and not yet reflected in Net Periodic Benefit Cost:
               
Net actuarial loss
  $ (106,972 )   $ (94,293 )
 
           
Accumulated other comprehensive loss
  $ (106,972 )   $ (94,293 )
 
           
 
               
Amount Recognized in Accumulated Other Comprehensive Loss and not yet reflected in Net Periodic Benefit Cost and expected to be amortized in next year’s Net Periodic Benefit Cost:
               
Net actuarial loss
  $ (9,795 )   $ (10,252 )
 
           
Amount recognized
  $ (9,795 )   $ (10,252 )
 
           
Net periodic benefit expense (income)
Net periodic benefit expense (income) consisted of the following:
                         
    Year Ended  
    August 27,     August 28,     August 29,  
(in thousands)   2011     2010     2009  
 
                       
Interest cost
  $ 11,135     $ 11,315     $ 10,647  
Expected return on plan assets
    (9,326 )     (9,045 )     (12,683 )
Amortization of prior service cost
                60  
Recognized net actuarial losses
    9,405       8,135       73  
 
                 
Net periodic benefit expense (income)
  $ 11,214     $ 10,405     $ (1,903 )
 
                 
Actuarial assumptions used in determining the projected benefit obligation
The actuarial assumptions used in determining the projected benefit obligation include the following:
                         
    Year Ended  
    August 27,     August 28,     August 29,  
    2011     2010     2009  
 
                       
Weighted average discount rate
    5.13 %     5.25 %     6.24 %
Expected long-term rate of return on plan assets
    8.00 %     8.00 %     8.00 %
Benefit payments are expected to be paid as follows
Based on current assumptions about future events, benefit payments are expected to be paid as follows for each of the following fiscal years. Actual benefit payments may vary significantly from the following estimates:
         
    Benefit  
(in thousands)   Payments  
 
       
2012
  $ 6,575  
2013
    7,236  
2014
    7,989  
2015
    8,705  
2016
    9,332  
2017 — 2021
    56,199