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Life Insurance Loans
3 Months Ended
Sep. 03, 2017
Investments, All Other Investments [Abstract]  
Life Insurance Loans

NOTE 5 Life Insurance Loans

Life insurance loans have no fixed repayment schedule, and have interest rates ranging from 4.2 percent to 7.4 percent. The weighted average interest rate is 5.2 percent. Subsequent to September 3, 2017, $1,604,000 in life insurance loans with a weighted average interest rate of 6.3 percent were repaid in order to reduce debt and corresponding interest expense.