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Note 6 - Commitments and Contingencies
12 Months Ended
Nov. 01, 2013
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

 NOTE 6- Contingencies and Commitments:


The Company leases warehouse and/or office facilities throughout the United States and Canada through month-to-month rental agreements.  


Leases for semi-truck trailers expire in 2015 and are classified as operating leases.  Six year leases for semi-trucks expire in 2018 and are classified as capital leases.  Rental payments including prior leases were $581 in 2013 and $554 in 2012. Amortization of equipment under capital lease was $206 in 2013.


The following is a schedule by years of future minimum lease payments for transportation leases:


Fiscal Year

 

Capital

Leases

   

Operating

Leases

   

Financing

Obligations

 

2014

    379       68       447  

2015

    379       51       430  

2016

    379       -       379  

2017

    379       -       379  

2018

    723       -       723  

Total Minimum Lease Payments(a)

  $ 2,239     $ 119     $ 2,358  

Less: Amount representing executory costs

    (486

)

               

Less: Amount representing interest(b)

    (194

)

               

Present value of future minimum lease payments(c)

  $ 1,559                  

(a) Minimum payments exclude contingent rentals based on actual mileage and adjustments of rental payments based on the Consumer Price Index. Contingent rentals amounted to $127 in 2013 and $122 in 2012 including prior lease arrangements.


(b) Amount necessary to reduce net minimum lease payments to present value calculated at the Company’s incremental borrowing rate at the inception of the leases.


(c) Reflected in the Note 2, as current and noncurrent obligations under capital leases of $231 and $1328, respectively.