XML 26 R33.htm IDEA: XBRL DOCUMENT

Employee and Retiree Benefits (Tables)

12 Months Ended

Aug. 29, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

Postretirement health care and deferred compensation benefits are as follows:



(In thousands)	August 29, 2015			August 30, 2014
Postretirement health care benefit cost	$	34,535		$	36,930
Non-qualified deferred compensation	19,508			21,014
Executive share option plan liability	4,788			5,628
SERP benefit liability	2,649			2,974
Executive deferred compensation	299			213
Officer stock-based compensation	242			627
Total postretirement health care and deferred compensation benefits	62,021			67,386
Less current portion⁽¹⁾	(4,931		)	(4,575		)
Long-term postretirement health care and deferred compensation benefits⁽²⁾	$	57,090		$	62,811

Schedule of Postretirement Plan Amendments [Table Text Block]

As a result of these amendments, our liability for postretirement health care was reduced as presented in the following table.



Date	Plan Amendment	Dollar Cap Reduction	Liability Reduction (in thousands)		Amortization Period ⁽¹⁾
Fiscal 2005	Established employer dollar cap		$	40,414	11.5	years
January 2012	Reduced employer dollar cap	10%	4,598		7.8	years
January 2013	Reduced employer dollar cap	10%	4,289		7.5	years
January 2014	Reduced employer dollar cap	10%	3,580		7.3	years
January 2015	Reduced employer dollar cap	10%	3,960		7.1	years

⁽¹⁾ Plan amendments are amortized on a straight-line basis over the expected remaining service period of active plan participants.

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Changes in our postretirement health care liability are as follows:



(In thousands)	August 29, 2015			August 30, 2014
Balance at beginning of year	$	36,930		$	36,244
Interest cost	1,382			1,540
Service cost	427			393
Net benefits paid	(928		)	(1,035		)
Actuarial loss	684			3,368
Plan amendment	(3,960		)	(3,580		)
Balance at end of year	$	34,535		$	36,930

Schedule of Net Benefit Costs [Table Text Block]

Net periodic postretirement benefit income for the past three fiscal years consisted of the following components:



	Year Ended
(In thousands)	August 29, 2015			August 30, 2014			August 31, 2013
Interest cost	$	1,382		$	1,540		$	1,508
Service cost	427			393			574
Amortization of prior service benefit	(5,538		)	(5,650		)	(5,170		)
Amortization of net actuarial loss	1,465			1,077			1,603
Net periodic postretirement benefit income	$	(2,264	)	$	(2,640	)	$	(1,485	)

Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]

Amounts not yet recognized in net periodic benefit cost and included in accumulated other comprehensive income (before taxes) are as follows:



(In thousands)	August 29, 2015			August 30, 2014
Prior service credit	$	(13,279	)	$	(14,857	)
Net actuarial loss	16,410			17,190
Accumulated other comprehensive income	$	3,131		$	2,333

Schedule of Expected Benefit Payments [Table Text Block]

xpected future benefit payments for postretirement health care for the next ten years are as follows:



(In thousands)		Amount
Year:	2016	$	980
	2017	541
	2018	369
	2019	413
	2020	453
	2021 - 2025	2,349
	Total	$	5,105

Investment in Life Insurance [Table Text Block]

To assist in funding the deferred compensation and SERP liabilities, we have invested in COLI policies. The cash surrender value of these policies is presented as investment in life insurance in the accompanying balance sheets and consists of the following:



(In thousands)	August 29, 2015			August 30, 2014
Cash value	$	58,501		$	55,982
Borrowings	(32,329		)	(30,856		)
Investment in life insurance	$	26,172		$	25,126