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Fair Value Measures (Tables)
12 Months Ended
Jun. 02, 2018
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value And Carrying Value Of Borrowings Under Credit Facilities And Long-Term Debt
The fair value and carrying value of the Company’s long-term debt were as follows (in thousands):
໿
 
 
June 2, 2018
 
June 3, 2017
 
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
5.40 – 6.20% Notes payable
 
$
4,750

 
$
4,732

 
$
9,250

 
$
9,295

Long-term leases
 
1,340

 
1,171

 
1,689

 
1,520

 
 
$
6,090

 
$
5,903

 
$
10,939

 
$
10,815

Schedule Of Assets Measured At Fair Value On A Recurring Basis
In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis as of June 2, 2018 and June 3, 2017 (in thousands):
໿
 
 
June 2, 2018
 
 
Quoted Prices
 
 
 
 
 
 
 
 
in Active
 
Significant
 
 
 
 
 
 
Markets for
 
Other
 
Significant
 
 
 
 
Identical
 
Observable
 
Unobservable
 
 
 
 
Instruments
 
Inputs
 
Inputs
 
Total
 
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Balance
Assets
 
 

 
 

 
 

 
 

US government and agency obligations
 
$

 
$
23,817

 
$

 
$
23,817

Municipal bonds
 

 
20,666

 

 
20,666

Certificates of deposits
 

 
2,507

 

 
2,507

Commercial paper
 

 
17,920

 

 
17,920

Corporate bonds
 

 
214,083

 

 
214,083

Variable rate demand notes
 

 
600

 

 
600

Asset backed securities
 

 
2,993

 

 
2,993

Mutual funds
 
3,071

 

 

 
3,071

Total assets measured at fair value
 
$
3,071

 
$
282,586

 
$

 
$
285,657


 
 
June 3, 2017
 
 
Quoted Prices
 
 
 
 
 
 
 
 
in Active
 
Significant
 
 
 
 
 
 
Markets for
 
Other
 
Significant
 
 
 
 
Identical
 
Observable
 
Unobservable
 
 
 
 
Instruments
 
Inputs
 
Inputs
 
Total
 
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Balance
Assets
 
 

 
 

 
 

 
 

US government and agency obligations
 
$

 
$
20,216

 
$

 
$
20,216

Municipal bonds
 

 
36,873

 

 
36,873

Corporate bonds
 

 
75,790

 

 
75,790

Foreign government obligations
 

 

 

 

Asset backed securities
 

 
5,583

 

 
5,583

Mutual funds
 
2,459

 

 

 
2,459

Total assets measured at fair value
 
$
2,459

 
$
138,462

 
$

 
$
140,921