Pension and Savings Plans (Tables)

12 Months Ended

Aug. 25, 2012

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 25, 2012
	Fair Value		Asset Allocation						Fair Value Hierarchy
(in thousands)			Actual			Target			Level 1		Level 2		Level 3
U.S. equities	$	51,101		28.2	%		30.0	%	$	—	$	51,101	$	—
International equities		31,767		17.5			20.0			—		31,767		—
Emerging equities		16,471		9.1			10.0			—		16,471		—
High yield equities		17,378		9.6			10.0			—		17,378		—
Alternative investments		2,404		1.3			—			—		—		2,404
Fixed income securities		47,667		26.3			30.0			—		47,667		—
Cash and cash equivalents		14,621		8.0			—			—		14,621		—
	$	181,409		100.0	%		100.0	%	$	—	$	179,005	$	2,404

	August 27, 2011
	Fair Value		Asset Allocation						Fair Value Hierarchy
(in thousands)			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

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:

(in thousands)	Level 3 Assets
Beginning balance – August 27, 2011	$	5,281
Actual return on plan assets:
Assets held at August 25, 2012		55
Assets sold during the year		168
Sales and settlements		(3,100	)
Ending balance – August 25, 2012	$	2,404

The Plans' Funded Status and Amounts Recognized in Company's Consolidated Balance Sheets

The following table sets forth the plans’ funded status and amounts recognized in the Company’s Consolidated Balance Sheets:

(in thousands)	August 25, 2012			August 27, 2011
Change in Projected Benefit Obligation:
Projected benefit obligation at beginning of year	$	241,645		$	211,536
Interest cost		12,214			11,135
Actuarial losses		56,749			23,746
Benefits paid		(5,402	)		(4,772	)
Benefit obligations at end of year	$	305,206		$	241,645
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	156,883		$	117,243
Actual return on plan assets		14,505			10,336
Employer contributions		15,423			34,076
Benefits paid		(5,402	)		(4,772	)
Fair value of plan assets at end of year	$	181,409		$	156,883
Amount Recognized in the Statement of Financial Position:
Current liabilities	$	(30	)	$	(27	)
Long-term liabilities		(123,767	)		(84,736	)
Net amount recognized	$	(123,797	)	$	(84,763	)
Amount Recognized in Accumulated Other Comprehensive Loss and not yet reflected in Net Periodic Benefit Cost:
Net actuarial loss	$	(154,678	)	$	(106,972	)
Accumulated other comprehensive loss	$	(154,678	)	$	(106,972	)
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	$	(14,721	)	$	(9,795	)
Amount recognized	$	(14,721	)	$	(9,795	)

Net Periodic Benefit Expense (Income)

Net periodic benefit expense consisted of the following:

	Year Ended
(in thousands)	August 25, 2012			August 27, 2011			August 28, 2010
Interest cost	$	12,214		$	11,135		$	11,315
Expected return on plan assets		(11,718	)		(9,326	)		(9,045	)
Amortization of prior service cost		—			—			—
Recognized net actuarial losses		9,795			9,405			8,135
Net periodic benefit expense	$	10,291		$	11,214		$	10,405

Actuarial Assumptions Used in Determining Projected Benefit Obligation

The actuarial assumptions used in determining the projected benefit obligation include the following:

	Year Ended
	August 25, 2012			August 27, 2011			August 28, 2010
Weighted average discount rate		3.90	%		5.13	%		5.25	%
Expected long-term rate of return on plan assets		7.50	%		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:

(in thousands)	Benefit Payments
2013	$	7,438
2014		8,182
2015		8,867
2016		9,583
2017		10,164
2018 – 2022		60,567