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Contingencies and Commitments

12 Months Ended

Nov. 03, 2017

Commitments and Contingencies Disclosure [Abstract]

NOTE 6 - Contingencies and Commitments:

We lease warehouse and/or office facilities throughout the United States under 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 $287 in fiscal year 2017 and $316 in fiscal year 2016. Amortization of equipment under capital lease was $163 and $177 in 2017 and 2016, respectively.

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

Fiscal Year	Capital Leases			Operating Leases		Financing Obligations
2018		461			-		461
Total Minimum Lease Payments(a)	$	461		$	-	$	461
Less: Amount representing executory costs		(36	)
Less: Amount representing interest(b)		(1	)
Present value of future minimum lease payments(c)	$	424

(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 $56 in fiscal year 2017 and $66 in fiscal year 2016 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.