Note 6 - Commitments and Contingencies

12 Months Ended

Nov. 02, 2012

Commitments and Contingencies Disclosure [Text Block]

NOTE 6- Contingencies and Commitments:

The Company leases warehouse and/or office facilities throughout the United States and Canada through month-to-month rental agreements.  

Leases for semi-truck trailers expire in 2015 are classified as operating leases.  Six year leases for semi-trucks expire in 2018 and are classified as capital leases.  Rental payments including prior leases were $432 in 2012 and $416 in 2011. Amortization of equipment under capital lease was $102 in 2012.

The following is a schedule by years of future minimum lease payments for transportation leases:

Fiscal Year	Capital Leases			Operating Leases		Financing Obligations
2013	$	379		$	68	$	446
2014		379			68		446
2015		379			51		429
2016		379			-		379
2017		379			-		379
Later Years		623			-		623
Total Minimum Lease Payments(a)	$	2,516		$	186	$	2,702
Less: Amount representing executory costs		(592	)
Less: Amount representing interest(b)		(160	)
Present value of future minimum lease payments(c)	$	1,764

(a) Minimum payments exclude contingent rentals based on actual mileage and adjustments of rental payments based on the Consumer Price Index. Contingent rentals amounted to $122 in 2012 and $132 in 2011 including prior lease arrangements.

(b) Amount necessary to reduce net minimum lease payments to present value calculated at the Entity's incremental borrowing rate at the inception of the leases.

(c) Reflected in the Note 2, as current and noncurrent obligations under capital leases of $296 and $1468, respectively.