Accrued Expenses and Other

12 Months Ended

Aug. 25, 2012

Accrued Expenses and Other

Note C – Accrued Expenses and Other

Accrued expenses and other consisted of the following:

(in thousands)	August 25, 2012		August 27, 2011
Medical and casualty insurance claims (current portion)	$	63,484	$	55,896
Accrued compensation, related payroll taxes and benefits		151,669		151,419
Property, sales, and other taxes		97,542		89,675
Accrued interest		39,220		33,811
Accrued gift cards		29,060		27,406
Accrued sales and warranty returns		17,276		16,269
Capital lease obligations		29,842		25,296
Other		49,992		49,555
	$	478,085	$	449,327

The Company retains a significant portion of the insurance risks associated with workers’ compensation, employee health, general, products liability, property and vehicle insurance. A portion of these self-insured losses is managed through a wholly owned insurance captive. The Company maintains certain levels for stop-loss coverage for each self-insured plan in order to limit its liability for large claims. The limits are per claim and are $1.5 million for workers’ compensation and property, $0.5 million for employee health, and $1.0 million for general, products liability, and vehicle.