Note 10 - Employee Post-Employment Benefits (Tables)

12 Months Ended

Jun. 03, 2014

Note 10 - Employee Post-Employment Benefits (Tables) [Line Items]

Schedule of Allocation of Plan Assets [Table Text Block]

	Target Allocation		2014 Allocation		2013 Allocation
Equity securities		60-80%		71%		71%
Fixed income securities		20-40%		22%		27%
Public real estate investment trusts		0-10%		4%		0%
Cash and cash equivalents		0%		2%		2%
Other		0-10%		1%		0%
Total		100%		100%		100%

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

	Fair Value Measurements
	Total Fair Value		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	108	$	–	$	108	$	–
Equity securities
U.S.-based companies		3,798		3,798		–		–
International-based companies		1,161		1,161		–		–
Fixed income securities		1,546		1,546		–		–
Public real estate investment trusts		303		303		–		–
Other		104		104		–		–
Total	$	7,020	$	6,912	$	108	$	–

Schedule of Net Benefit Costs [Table Text Block]

	Pension Benefits
	2014			2013			2012
Service cost	$	356		$	460		$	545
Interest cost		1,737			2,100			2,346
Expected return on plan assets		(444	)		(409	)		(514	)
Amortization of prior service cost (a)		1			106			262
Recognized actuarial loss		1,711			2,259			1,738
Curtailment expense		–			2,481			–
Net periodic benefit cost	$	3,361		$	6,997		$	4,377

	Postretirement Medical and Life Benefits
	2014			2013			2012
Service cost	$	13		$	11		$	10
Interest cost		67			60			71
Amortization of prior service cost (a)		(46	)		(56	)		(55	)
Recognized actuarial loss		244			214			136
Net periodic benefit cost	$	278		$	229		$	162

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

	Pension Benefits						Postretirement Medical and Life Benefits
	2014			2013			2014			2013
Prior service cost	$	0		$	0		$	0		$	0
Net actuarial loss/(gain)		2,379			(915	)		(514	)		426
Amortization of prior service cost		(1	)		(106	)		46			56
Amortization of actuarial gain		(1,711	)		(4,740	)		(244	)		(214	)
Total recognized in accumulated other comprehensive income	$	667		$	(5,761	)	$	(712	)	$	268
Total recognized in net periodic benefit cost and accumulated other comprehensive income	$	4,028		$	1,236		$	(434	)	$	497

Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]

	Pension Benefits						Postretirement Medical and Life Benefits
	2014			2013			2014			2013
Change in benefit obligation:
Beginning projected benefit obligation	$	40,308		$	48,592		$	1,896		$	1,614
Service cost		356			460			13			11
Interest cost		1,737			2,100			67			60
Plan participant contributions		–			–			91			90
Actuarial loss/(gain)		2,736			(358	)		(514	)		426
Benefits paid		(2,363	)		(10,486	)		(177	)		(305	)
Benefit obligation at end of year	$	42,774		$	40,308		$	1,376		$	1,896
Change in plan assets:
Beginning fair value of plan assets	$	6,506		$	5,758		$	–		$	–
Actual return on plan assets		800			966			–			–
Employer contributions		2,077			10,268			86			215
Plan participant contributions		0			0			91			90
Benefits paid		(2,363	)		(10,486	)		(177	)		(305	)
Fair value of plan assets at end of year	$	7,020		$	6,506		$	–		$	–
Funded status at end of year	$	(35,754	)*	$	(33,802	)*	$	(1,376	)	$	(1,896	)
Amounts recognized in the Consolidated Balance Sheets:
Accrued liabilities – payroll and related costs	$	(3,277	)	$	(3,206	)	$	(128	)	$	(163	)
Other deferred liabilities		(32,477	)		(30,596	)		(1,248	)		(1,733	)
Net amount recognized at year-end	$	(35,754	)	$	(33,802	)	$	(1,376	)	$	(1,896	)
Amounts recognized in accumulated other comprehensive loss:
Prior service (cost) credit	$	(2	)	$	(2	)	$	–		$	46
Net actuarial loss		(17,084	)		(16,416	)		(1,017	)		(1,776	)
Total amount recognized	$	(17,086	)	$	(16,418	)	$	(1,017	)	$	(1,730	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

	2014			2013			2012
Recognized actuarial loss	$	1,955		$	2,473		$	1,874
Amortization of prior service cost		(46	)		50			207
Curtailment expense		–			2,481			–
		1,909			5,004			2,081
Income taxes		–			(1,986	)		(826	)
Pension reclassification, net of tax	$	1,909		$	3,018		$	1,255

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

	Pension Benefits						Postretirement Medical and Life Benefits
	June 3, 2014		June 4, 2013		June 3, 2014		June 4, 2013
Projected benefit obligation	$	42,774	$	40,308	$	1,376	$	1,896
Accumulated benefit obligation		42,002		39,515		1,376		1,896
Fair value of plan assets		7,020		6,506		–		–

Schedule of Expected Benefit Payments [Table Text Block]

	Pension Benefits		Postretirement Medical and Life Benefits
2015	$	4,055	$	129
2016		2,315		138
2017		2,360		133
2018		2,296		148
2019		2,243		103
2020-2024		19,728		523

Schedule of Unpaid Employee Separation Obligations Included in Accrued Payroll and Related Costs [Table Text Block]

Balance at June 4, 2013	$	310
Employee severance and unused vacation accruals		4,294
Cash payments		(3,549	)
Balance at June 3, 2014	$	1,055

Net Periodic Benefit Cost [Member]

Note 10 - Employee Post-Employment Benefits (Tables) [Line Items]

Schedule of Assumptions Used [Table Text Block]

	Pension Benefits
	2014		2013		2012
Discount rate		4.5%		4.5%		5.3%
Expected return on plan assets		7.0%		7.3%		8.0%
Rate of compensation increase		2.0%		2.0%		2.0%

	Postretirement Medical and Life Benefits
	2014		2013		2012
Discount rate		3.7%		3.9%		5.3%
Rate of compensation increase		2.0%		2.0%		2.0%

Benefit Obligation [Member]

Note 10 - Employee Post-Employment Benefits (Tables) [Line Items]

Schedule of Assumptions Used [Table Text Block]

	Pension Benefits
	2014		2013
Discount rate		4.4%		4.5%
Rate of compensation increase		2.0%		2.0%

	Postretirement Medical and Life Benefits
	2014		2013
Discount rate		3.5%		3.7%
Rate of compensation increase		2.0%		2.0%