XML 51 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Employee and Retiree Benefits (Tables)
 12 Months Ended
Aug. 26, 2017
Retirement Benefits [Abstract]  
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Postretirement health care and deferred compensation benefits are as follows:
(In thousands)
August 26, 2017
 
August 27, 2016
Postretirement health care benefit cost
$
—

 
$
6,346

Non-qualified deferred compensation
16,476

 
18,003

Executive share option plan liability
1,498

 
3,341

SERP benefit liability
2,534

 
2,681

Executive deferred compensation
447

 
389

Officer stock-based compensation
1,664

 
763

Total postretirement health care and deferred compensation benefits
22,619

 
31,523

Less current portion(1)
(3,349
)
 
(4,574
)
Long-term postretirement health care and deferred compensation benefits
$
19,270

 
$
26,949


(1) 
Included in Accrued compensation in the Consolidated Balance Sheets
Schedule of Postretirement Plan Amendments [Table Text Block]
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
January 2016
 
Reduced employer dollar cap for retirees under age 65; discontinued retiree benefits for retirees age 65 and over
 
10
%
 
28,596

 
6.9
years
January 2017 (2)
 
Terminated Plan
 
 
 
6,338

 
0.2
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 were as follows:
(In thousands)
August 26, 2017
 
August 27, 2016
Balance at beginning of year
$
6,346

 
$
34,535

Interest cost
29

 
327

Service cost
16

 
108

Net benefits paid
(53
)
 
(878
)
Actuarial loss
—

 
850

Plan amendment
(6,338
)
 
(28,596
)
Balance at end of year
$
—

 
$
6,346
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 26, 2017
 
August 27, 2016
 
August 29, 2015
Interest cost
$
29

 
$
327

 
$
1,382

Service cost
16

 
108

 
427

Amortization of prior service benefit
(40,444
)
 
(7,736
)
 
(5,538
)
Amortization of net actuarial loss
15,648

 
1,612

 
1,465

Net periodic postretirement benefit income
$
(24,751
)
 
$
(5,689
)
 
$
(2,264
)
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 26, 2017
 
August 27, 2016
Prior service credit
$
—

 
$
(34,139
)
Net actuarial loss
—

 
15,648

Accumulated other comprehensive income
$
—

 
$
(18,491
)
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 26, 2017
 
August 27, 2016
Cash value
 
$
62,824

 
$
60,263

Borrowings
 
(35,406
)
 
(33,771
)
Investment in life insurance
 
$
27,418

 
$
26,492