

4.	Restricted Cash and Investments

The Company has restricted cash and investments that serve as collateral for certain of the Company's insurance obligations. These restricted funds cannot be withdrawn from the Company's account without the consent of the secured party. As of November 24, 2012, the Company held $55.2 million in this restricted account, of which $46.7 million was included in Restricted Cash and Investments and $8.5 million was included in Other Assets in the Consolidated Condensed Balance Sheet. As of August 25, 2012, the Company held $55.3 million in this restricted account, of which $45.9 million was included in Restricted Cash and Investments and $9.4 million was included in Other Assets in the Consolidated Condensed Balance Sheets. The classification between current and non-current is based on the timing of expected payments of the secured insurance obligations. Previously, these obligations were collateralized using standby letters of credit under our revolving credit facilities.

Additionally, in conjunction with the sale-leaseback transactions completed during fiscal 2012, certain proceeds from the transactions were placed into an escrow account with an independent third party in connection with a like-kind exchange transaction, which permits the deferral of a portion of the tax gain associated with the sale of the stores. The Company used these proceeds to purchase additional new stores and was required to do so within 180 days to realize the deferral. The Company held $34.2 million in this account as of November 24, 2012, and $80.4 million as of August 25, 2012. These assets are classified as Restricted Cash and Investments in the Consolidated Condensed Balance Sheet. Subsequent to the end of the first quarter, on November 28, 2012, the 180 day realization period expired for the Company to realize the deferral and the remaining proceeds of $23.3 million held in the escrow account were returned to the Company free of restrictions.