Note 8 - Post-Employment Benefit Obligations

3 Months Ended

Mar. 02, 2013

Postemployment Benefits Disclosure [Text Block]

8.  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 $9,760 and $9,805 as of March 2, 2013 and November 24, 2012, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	March 2, 2013		November 24, 2012
Other accrued liabilities	$	858	$	843
Post employment benefit obligations		8,902		8,962
Total pension liability	$	9,760	$	9,805

Components of net periodic pension costs are as follows:

	Quarter Ended
	March 2, 2013		February 25, 2012
Service cost	$	18	$	12
Interest cost		87		105
Amortization of transition obligation		11		11
Amortization of loss		20		-
Net periodic pension cost	$	136	$	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 $72 and $78 for the quarters ended March 2, 2013 and February 25, 2012 respectively. Our liability under this plan was $2,599 and $2,615 as of March 2, 2013 and November 24, 2012, respectively, and is reflected in post employment benefit obligations.