Note 8 - Post Employment Benefit Obligations

9 Months Ended

Aug. 30, 2014

Postemployment Benefits [Abstract]

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 $9,305 and $9,775 as of August 30, 2014 and November 30, 2013, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	August 30, 2014		November 30, 2013
Accrued compensation and benefits	$	810	$	810
Post employment benefit obligations		8,495		8,965
Total pension liability	$	9,305	$	9,775

Components of net periodic pension costs are as follows:

	Quarter Ended				Nine Months Ended
	August 30, 2014		August 31, 2013		August 30, 2014		August 31, 2013
Service cost	$	20	$	18	$	59	$	53
Interest cost		93		87		279		262
Amortization of transition obligation		10		11		32		32
Amortization of loss		31		20		92		61
Net periodic pension cost	$	154	$	136	$	462	$	408

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. During the third quarter of fiscal 2014, we recorded a credit to income of $124 due to a change in our estimate of the future obligation of a former employee. We recognized expense (income) under this plan as follows:

	Quarter Ended					Nine Months Ended
	August 30, 2014			August 31, 2013		August 30, 2014		August 31, 2013
Deferred compensation plan expense (income)	$	(52	)	$	72	$	92	$	216

Our liability under this plan was $2,232 and $2,555 as of August 30, 2014 and November 30, 2013, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	August 30, 2014		November 30, 2013
Accrued compensation and benefits	$	373	$	373
Post employment benefit obligations		1,859		2,182
Total deferred compensation liability	$	2,232	$	2,555