Note 13 - Operating Leases

12 Months Ended

Aug. 28, 2013

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

Note 13. Operating Leases

The Company conducts part of its operations from facilities that are leased under non-cancelable lease agreements. Lease agreements generally contain a primary term of five to 30 years with options to renew or extend the lease from one to 25 years. As of August 28, 2013, the Company has lease agreements for 102 properties which include the Company’s corporate office, facility service warehouses and restaurant properties. The leasing terms of the 102 properties consist of seven properties expiring in less than one year, 60 properties expiring between one and five years and the remaining 35 properties having current terms that are greater than five years. Of the 102 leased properties, 78 properties have options remaining to renew or extend the lease.

A majority of the leases include periodic escalation clauses. Accordingly, the Company follows the straight-line rent method of recognizing lease rental expense.

As of August 28, 2013, the Company has entered into noncancelable operating lease agreements for certain office equipment with terms ranging from 36 to 72 months.

Annual future minimum lease payments under noncancelable operating leases with terms in excess of one year as of August 28, 2013 are as follows:

Year Ending:	(In thousands)
August 27, 2014		13,516
August 26, 2015		11,963
August 31, 2016		9,969
August 30, 2017		7,683
August 29, 2018		6,535
Thereafter		32,935
Total minimum lease payments	$	82,601

Most of the leases are for periods of fifteen to thirty years and some leases provide for contingent rentals based on sales in excess of a base amount.

Total rent expense for operating leases for the last three fiscal years was as follows:

	Year Ended
	August 28, 2013			August 29, 2012			August 31, 2011
	(In thousands, except percentages)
Minimum rent-facilities	$	13,488		$	11,132		$	10,717
Contingent rentals		182			235			420
Minimum rent-equipment		818			751			877
Total rent expense (including amounts in discontinued operations)	$	14,488		$	12,118		$	12,014
Percent of sales		3.7	%		3.5	%		3.4	%

See Note 16, “Related Parties,” for lease payments associated with related parties.