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Note J - Commitments | 12 Months Ended
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Sep. 26, 2020
Notes to Financial Statements |
Commitments and Contingencies Disclosure [Text Block] | NOTE J - COMMITMENTS We are a party to litigation which has arisen in the normal course of business which management currently believes will not have a material adverse effect on our financial condition or results of operations. We self-insure, up to loss limits, certain insurable risks such as worker’s compensation, automobile and general liability claims. Accruals for claims under our self-insurance program are recorded on a claims incurred basis. Our total recorded liability for all years’ claims incurred but not yet paid was $12,800,000 and $8,700,000 at September 26, 2020 and September 28, 2019, respectively. In connection with certain self-insurance agreements, we customarily enter into letters of credit arrangements with our insurers. At both September 26, 2020 and September 28, 2019, we had outstanding letters of credit totaling $9,275,000. We have a self-insured medical plan which covers approximately 1,600 of our employees. We record a liability for incurred but not yet reported or paid claims based on our historical experience of claims payments and a calculated lag time period. Our recorded liability at September 26, 2020 and September 28, 2019 was $1,737,000 and $1,392,000, respectively.

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