Note 13 - Other Long-Term Liabilities

3 Months Ended

Sep. 25, 2011

Other Liabilities Disclosure [Text Block]

13. Other Long-Term Liabilities

Other long-term liabilities consist of the following:

	September 25, 2011		June 26, 2011
Deferred compensation plan	$	1,741	$	1,866
Retiree medical liability		696		696
Derivative instruments		486		408
Long-term portion of income taxes payable		868		868
Non-income related taxes		156		169
Total other long-term liabilities	$	3,947	$	4,007

The Company maintains an unfunded supplemental post-employment plan for a select group of management employees. Each participant’s account is credited annually based upon a percentage of their base salary with each participant’s balance adjusted quarterly to reflect returns based upon a stock market index. The amounts of (income) expense recorded for this plan within Selling, general and administrative (“SG&A”) expenses for the three months ended September 25, 2011 and September 26, 2010 were ($126) and $155, respectively. Amounts are paid to participants only after termination of their employment. The retiree medical liability relates to a frozen plan that consists of the discounted future claims the Company expects to pay for certain retiree benefits based on claims history and the terms of the benefit agreements.