Note 10 - Post Employment Benefit Obligations

6 Months Ended

May. 30, 2015

Postemployment Benefits [Abstract]

Postemployment Benefits Disclosure [Text Block]

10. 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 $10,341 and $10,376 as of May 30, 2015 and November 29, 2014, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	May 30, 2015		November 29, 2014
Accrued compensation and benefits	$	724	$	724
Post employment benefit obligations		9,617		9,652
Total pension liability	$	10,341	$	10,376

Components of net periodic pension costs are as follows:

	Quarter Ended				Six Months Ended
	May 30, 2015		May 31, 2014		May 30, 2015		May 31, 2014
Service cost	$	26	$	19	$	52	$	39
Interest cost		94		93		187		186
Amortization of transition obligation		11		11		21		22
Amortization of loss		49		31		97		61
Net periodic pension cost	$	180	$	154	$	357	$	308

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. Our liability under this plan was $2,109 and $2,174 as of May 30, 2015 and November 29, 2014, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	May 30, 2015		November 29, 2014
Accrued compensation and benefits	$	328	$	328
Post employment benefit obligations		1,781		1,846
Total deferred compensation liability	$	2,109	$	2,174

We recognized expense under this plan during the three and six months ended May 30, 2015 and May 31, 2014 as follows:

	Quarter Ended				Six Months Ended
	May 30, 2015		May 31, 2014		May 30, 2015		May 31, 2014
Deferred compensation expense	$	54	$	72	$	108	$	144