Note 10 - Post Employment Benefit Obligations

3 Months Ended

Feb. 27, 2016

Notes to Financial Statements

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 $11,683 and $11,678 as of February 27, 2016 and November 28, 2015, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	February 27, 2016		November 28, 2015
Accrued compensation and benefits	$	749	$	749
Post employment benefit obligations		10,934		10,929
Total pension liability	$	11,683	$	11,678

Components of net periodic pension costs are as follows:

	Quarter Ended
	February 27, 2016		February 28, 2015
Service cost	$	36	$	26
Interest cost		106		94
Amortization of transition obligation		11		11
Amortization of loss		81		48
Net periodic pension cost	$	234	$	179

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 $57 and $54 for the quarters ended February 27, 2016 and February 28, 2015, respectively. Our liability under this plan was $2,060 and $2,085 as of February 27, 2016 and November 28, 2015, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	February 27, 2016		November 28, 2015
Accrued compensation and benefits	$	320	$	320
Post employment benefit obligations		1,740		1,765
Total deferred compensation liability	$	2,060	$	2,085