Note 12 - Post-employment Benefit Obligations

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Postemployment Benefits Disclosure [Text Block]

12. Post-Employment Benefit Obligations

We have an unfunded Supplemental Retirement Income Plan (the “Supplemental Plan”) that covers one current and certain former executives.  The liability for this plan was $9,268 and $9,326 as of February 25, 2012 and November 26, 2011, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	February 25, 2012		November 26, 2011
Other accrued liabilities	$	866	$	866
Post employment benefit obligations		8,402		8,460
Total pension liability	$	9,268	$	9,326

Components of net periodic pension costs are as follows:

	Quarter Ended
	February 25, 2012		February 26, 2011
Service cost	$	13	$	12
Interest cost		94		105
Amortization of transition obligation		11		11
Net periodic pension cost	$	118	$	128

We have an unfunded Deferred Compensation Plan that covers one current executive and certain former executives and provides for voluntary deferral of compensation. This plan has been frozen with no additional participants or deferrals permitted. We recognized expense of $78 and $83 for the quarters ended February 25, 2012 and February 26, 2011 respectively.  Our liability under this plan was $2,716 and $2,766 as of February 25, 2012 and November 26, 2011, respectively, and is reflected in post employment benefit obligations.