Note 8 - Employee Post-employment Benefits (Tables)

12 Months Ended

Jun. 02, 2015

Note 8 - Employee Post-employment Benefits (Tables) [Line Items]

Schedule of Allocation of Plan Assets [Table Text Block]

	2015						2014
	Target Allocation			Actual Allocation			Target Allocation			Actual Allocation
Equity securities		39-69	%		58	%		60-80	%		71	%
Fixed income securities		12-42	%		23	%		20-40	%		22	%
Public real estate investment trusts		0-10	%		5	%		0-10	%		4	%
Cash and cash equivalents		0-20	%		1	%		0	%		2	%
Other		0-24	%		13	%		0-10	%		1	%
Total					100	%					100	%

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

	2015			2014
Level 2:
Cash and cash equivalents	$	78		$	108
Level 1:
Equity securities
U.S.-based companies		2,701			3,798
International-based companies		1,277			1,161
Fixed income securities		1,584			1,546
Public real estate investment trusts		328			303
Other		883			104
Fair value of plan assets as of measurement date	$	6,851		$	7,020
Benefit payments after measurement date		(65	)		–
Total assets reported as of fiscal year end	$	6,786		$	7,020

Schedule of Net Benefit Costs [Table Text Block]

	Pension Plans
	2015			2014			2013
Service cost	$	301		$	356		$	460
Interest cost		1,773			1,737			2,100
Expected return on plan assets		(498	)		(444	)		(409	)
Amortization of prior service cost (a)		1			1			106
Recognized actuarial loss		1,718			1,711			2,259
Curtailment expense		–			–			2,481
Net periodic benefit cost	$	3,295		$	3,361		$	6,997

	Postretirement Medical and Life Benefits
	2015		2014			2013
Service cost	$	4	$	13		$	11
Interest cost		46		67			60
Amortization of prior service cost (a)		–		(46	)		(56	)
Recognized actuarial loss		134		244			214
Net periodic benefit cost	$	184	$	278		$	229

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

	Pension Plans						Postretirement Medical and Life Benefits
	2015			2014			2015			2014
Beginning of year	$	(17,086	)	$	(16,419	)	$	(1,017	)	$	(1,729	)
Net actuarial loss/(gain)		(1,782	)		(2,379	)		(111	)		514
Amortization of prior service (cost)/credit		1			1			–			(46	)
Amortization of actuarial gain		1,718			1,711			134			244
End of year	$	(17,149	)	$	(17,086	)	$	(994	)	$	(1,017	)

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

	Pension Plans						Postretirement Medical and Life Benefits
	2015			2014			2015			2014
Change in benefit obligation:
Beginning projected benefit obligation	$	42,774		$	40,308		$	1,376		$	1,896
Service cost		301			356			4			13
Interest cost		1,773			1,737			46			67
Plan participant contributions		–			–			78			91
Actuarial loss/(gain)		1,620			2,736			111			(514	)
Benefits paid		(2,625	)		(2,363	)		(211	)		(177	)
Benefit obligation at end of year	$	43,843		$	42,774		$	1,404		$	1,376
Change in plan assets:
Beginning fair value of plan assets	$	7,020		$	6,506			–			–
Actual return on plan assets		336			800			–			–
Employer contributions		2,055			2,077			133			86
Plan participant contributions		–			–			78			91
Benefits paid		(2,625	)		(2,363	)		(211	)		(177	)
Fair value of plan assets at end of year	$	6,786		$	7,020			–			–
Funded status at end of year	$	(37,057	)*	$	(35,754	)*	$	(1,404	)	$	(1,376	)
Amounts recognized in the Consolidated Balance Sheets:
Accrued liabilities – payroll and related costs	$	(3,185	)	$	(3,277	)	$	(137	)	$	(128	)
Other deferred liabilities		(33,872	)		(32,477	)		(1,267	)		(1,248	)
Net amount recognized at year-end	$	(37,057	)	$	(35,754	)	$	(1,404	)	$	(1,376	)
Amounts recognized in accumulated other comprehensive loss:
Prior service cost	$	(1	)	$	(2	)		–			–
Net actuarial loss		(17,148	)		(17,084	)		(994	)		(1,017	)
Total amount recognized	$	(17,149	)	$	(17,086	)	$	(994	)	$	(1,017	)

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

	2015		2014			2013
Recognized actuarial loss	$	1,852	$	1,955		$	2,473
Amortization of prior service cost/(credit)		1		(46	)		50
Curtailment expense		–		–			2,481
		1,853		1,909			5,004
Income taxes		–		–			(1,986	)
Pension reclassification, net of tax	$	1,853	$	1,909		$	3,018

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

	Pension Plans						Postretirement Medical and Life Benefits
	June 2, 2015		June 3, 2014		June 2, 2015		June 3, 2014
Projected benefit obligation	$	43,843	$	42,774	$	1,404	$	1,376
Accumulated benefit obligation		43,518		42,002		1,404		1,376
Fair value of plan assets		6,786		7,020		–		–

Schedule of Expected Benefit Payments [Table Text Block]

	Pension Plans		Postretirement Medical and Life Benefits
2016	$	3,911	$	137
2017		2,425		132
2018		2,368		147
2019		2,318		129
2020		2,276		122
2021-2025		20,126		568

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
Employee severance and unused vacation accruals		1,211
Cash payments		(1,953	)
Balance at June 2, 2015	$	313

Net Periodic Benefit Cost [Member]

Note 8 - Employee Post-employment Benefits (Tables) [Line Items]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

	Pension Plans
	2015			2014			2013
Discount rate		4.4	%		4.5	%		4.5	%
Expected return on plan assets		7.0	%		7.0	%		7.3	%
Rate of compensation increase		2.0	%		2.0	%		2.0	%

	Postretirement Medical and Life Benefits
	2015			2014			2013
Discount rate		3.5	%		3.7	%		3.9	%
Rate of compensation increase		2.0	%		2.0	%		2.0	%

Benefit Obligation [Member]

Note 8 - Employee Post-employment Benefits (Tables) [Line Items]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

	Pension Plans
	2015			2014
Discount rate		4.2	%		4.4	%
Rate of compensation increase		2.0	%		2.0	%

	Postretirement Medical and Life Benefits
	2015			2014
Discount rate		3.6	%		3.5	%
Rate of compensation increase		2.0	%		2.0	%