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Accrued Insurance Claims | 3 Months Ended
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Oct. 25, 2014
Accrued Insurance Claims [Abstract] |
Accrued Insurance Claims | Accrued Insurance Claims Within its insurance program the Company retains the risk of loss, up to certain limits, for claims relating to automobile liability, general liability, workers’ compensation, employee group health, and damages relating to underground facility locating services. With respect to losses occurring in fiscal 2015, the Company retains the risk of loss up to $1.0 million on a per occurrence basis for automobile liability, general liability and workers’ compensation. These retention amounts are applicable to all of the states in which the Company operates, except with respect to workers’ compensation insurance in two states in which the Company participates in a state-sponsored insurance fund. Aggregate stop loss coverage for automobile liability, general liability and workers’ compensation claims is $59.5 million for fiscal 2015. The Company is party to a stop-loss agreement for losses under its employee group health plan. The Company retains the risk of loss, on an annual basis, of the first $250,000 of claims per participant. In addition, the Company retains the risk of loss for the first $550,000 of claim amounts that aggregate across all participants having claims that exceed $250,000. The liability for total accrued insurance claims and related processing costs was $69.7 million and $66.0 million at October 25, 2014 and July 26, 2014, respectively, of which, $36.2 million and $33.8 million, respectively, is reflected within non-current liabilities in the condensed consolidated financial statements.

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- Definition The entire disclosure for accrued insurance claims + References No definition available. + Details
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