Note 6 - Contingencies and Commitments

12 Months Ended

Oct. 28, 2016

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

NOTE

Contingencies and Commitments:

We lease warehouse and/or office facilities throughout the United States through month - to - month rental agreements.

We returned all semi - truck trailers on operating leases before the end of fiscal

2016.

Six year leases for OTR (over - the - road) tractors expire in

2018

and are classified as capital leases. After reevaluating our fleet delivery needs, we returned

six

OTR tractors financed by the capital lease arrangement with a remaining liability of

$656

and

$69

during the

second

quarter of fiscal

2015

and

third

quarter of fiscal year

2016,

respectively. Rental payments including prior leases were

$316

in fiscal year

2016

and

$448

in fiscal year

2015.

Amortization of equipment under capital lease was

$177

and

$225

2016

and

2015,

respectively.

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

Fiscal Year	Capital Leases			Operating Leases		Financing Obligations
2017		219			-		219
2018		447			-		447
Total Minimum Lease Payments(a)	$	666		$	-	$	666
Less: Amount representing executory costs		(103	)
Less: Amount representing interest(b)		(9	)
Present value of future minimum lease payments(c)	$	554

(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

$66

in fiscal year

2016

and

$93

in fiscal year

2015

including prior lease arrangements.

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

as current and noncurrent obligations under capital leases of

$150

and

$403,

respectively.