Note 10 - Asset Retirement Obligations

3 Months Ended

Nov. 26, 2016

Notes to Financial Statements

Asset Retirement Obligation Disclosure [Text Block]

10

. Asset Retirement Obligations

The Company recognizes asset retirement obligations in the period in which they are incurred if a reasonable estimate of fair value can be made. The associated asset retirement costs are capitalized as part of the carrying amount of the long - lived asset. The Company continues to depreciate, on a straight - line basis, the amount added to property, plant and equipment and recognizes accretion expense in connection with the discounted liability over the various remaining lives which range from approximately

one

to

twenty

-

seven

years.

A reconciliation of the Company’s asset retirement liability for the

thirteen

weeks ended

November

26,

2016

was as follows (in thousands):

	November 2 6 , 201 6
Beginning balance as of August 27, 2016	$	13,032
Accretion expense		205
Effect of exchange rate changes		(207	)
Change in estimate		(156	)
Ending balance as of November 26, 2016	$	12,874

Asset retirement obligations are included in current and long - term accrued liabilities in the accompanying Consolidated Balance Sheets.