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Employee Benefit Plans
 12 Months Ended
Oct. 31, 2012
Employee Benefit Plans [Abstract]  
Employee Benefit Plans

7. Employee Benefit Plans

We sponsor two defined contribution retirement plans for salaried and hourly employees. As a result of the acquisition of RFG, we have three additional defined contribution retirement plans bringing the total to five. Expenses for these plans approximated $810,000, $733,000, and $639,000 for fiscal years 2012, 2011 and 2010, which are included in selling, general and administrative expenses in the accompanying financial statements.

We also sponsor a non-qualified defined benefit plan for two retired executives. Pension expenses, including actuarial losses, approximated $16,000, $35,000 and $34,000 for the year ended October 31, 2012, 2011, and 2010. These amounts are included in selling, general and administrative expenses in the accompanying financial statements.

Components of the change in projected benefit obligation for fiscal year ends consist of the following (in thousands):

 

                 
    2012     2011  

Change in projected benefit obligation:

                

Projected benefit obligation at beginning of year

   $ 268     $ 275  

Interest cost

     10       13  

Actuarial loss

     6       22  

Benefits paid

     (39 )      (42 ) 
   

 

 

    

 

 

  

Projected benefit obligation at end of year (unfunded)

   $ 245     $ 268  
   

 

 

    

 

 

  

The following is a reconciliation of the unfunded status of the plans at fiscal year ends included in accrued expenses (in thousands):

 

                 
    2012     2011  

Projected benefit obligation

   $ 245     $ 268  

Unrecognized net (gain) loss

     —         —    
   

 

 

    

 

 

  

Recorded pension liabilities

   $ 245     $ 268  
   

 

 

    

 

 

  

Significant assumptions used in the determination of pension expense consist of the following:

 

                 
    2012     2011  

Discount rate on projected benefit obligation

     3.70 %      4.00 %