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Retirement and Other Benefit Plans (Tables)

12 Months Ended

Nov. 01, 2019

Schedule of Net Pension Cost

Net pension cost consisted of the following:

		November 1, 2019				November 2, 2018
		(52 Weeks)				(52 Weeks)
Service cost		$	103			$	126
Interest cost			2,396				2,248
Expected return on plan assets			(3,414	)			(3,408	)
Amortization of unrecognized loss			1,236				1,575
Net pension cost		$	321			$	541

Schedule of Assumptions Used

Weighted average assumptions for each fiscal year are as follows:

		2019				2018
Discount rate			3.00	%			4.30	%
Rate of increase in salary levels			N/A				N/A
Expected return on plan assets			7.00	%			7.00	%

Schedule of Changes in Projected Benefit Obligations

The benefit obligation, plan assets, and funded status of these plans as of the fiscal years ended are as follows:

		November 1, 2019				November 2, 2018
		(52 Weeks)				(52 Weeks)
Change in plan assets:
Fair value of plan assets - beginning of year		$	49,434			$	48,208
Employer contributions			875				3,150
Actual return on plan assets			5,402				(242	)
Benefits paid			(1,819	)			(1,682	)
Fair value of plan assets - end of year		$	53,892			$	49,434
Change in benefit obligations:
Benefit obligations - beginning of year		$	57,487			$	62,480
Service cost			103				126
Interest cost			2,396				2,248
Actuarial gain (loss)			9,856				(5,686	)
Benefits paid			(1,820	)			(1,681	)
Benefit obligations - end of year			68,022				57,487
Funded status of the plans			(14,130	)			(8,053	)
Unrecognized prior service costs			-				-
Unrecognized net actuarial loss			23,453				16,821
Net amount recognized		$	9,323			$	8,768

Schedule of Allocation of Plan Assets

The actual and target allocation for plan assets are as follows:

Asset Class		2019				Target Asset Allocation				2018				Target Asset Allocation
Large Cap Equities			21.8	%			22.0	%			21.4	%			22.0	%
Mid Cap Equities			0.0	%			0.0	%			0.0	%			0.0	%
Small Cap Equities			13.8	%			12.0	%			13.0	%			12.0	%
International (equities only)			25.2	%			26.0	%			24.7	%			26.0	%
Fixed Income			37.6	%			39.0	%			39.0	%			39.0	%
Other (Government/Corporate, Bonds)			0.0	%			0.0	%			0.0	%			0.0	%
Cash			1.6	%			1.0	%			1.9	%			1.0	%
Total			100.0	%			100.0	%			100.0	%			100.0	%

Schedule of Fair Value of Pension Plan Assets

The fair value of our pension plan assets as of November 1, 2019 and the level under which fair values were determined, using the hierarchy described in Note 1, is as follows:

		2019
		Level 1				Level 2				Level 3				Total
Total plan assets		$	53,892				-				-			$	53,892

Schedule of Health Care Cost Trend Rates

Weighted average assumptions for the fiscal years ended November 1, 2019 and November 2, 2018 are as follows:

		2019				2018
Discount rate			2.92	%			4.30	%
Medical trend rate next year			7.50	%			8.00	%
Ultimate trend rate			5.00	%			5.00	%
Year ultimate trend rate is achieved			2025				2024

Schedule of Net Funded Status

The healthcare obligation and funded status of this plan as of the fiscal years ended are as follows:

		2019				2018
Change in accumulated postretirement healthcare obligation:
Healthcare obligation - beginning of year		$	517			$	528
Service cost			9				13
Interest cost			22				18
Actuarial gain			44				(40	)
Benefits paid			(6	)			(2	)
Healthcare obligation – end of year		$	586			$	517
Funded status of the plans			586				517
Unrecognized prior service costs			-				(44	)
Unrecognized net actuarial gain			(58	)			(109	)
Unrecognized amounts recorded in other comprehensive income			58				153
Postretirement healthcare liability		$	586			$	517

Pension Plan [Member]

Schedule of Expected Payments for Pension Benefits

Expected payments for the pension benefits are as follows:

Fiscal Years		Pension Benefits
2020		$	2,376
2021		$	2,545
2022		$	2,694
2023		$	2,873
2024		$	3,034
2025-2029		$	17,053

Executive Post-retirement Benefits [Member]

Schedule of Expected Payments for Pension Benefits

Expected payments for executive postretirement benefits are as follows:

Fiscal Years		Executive Postretirement Benefits
2020		$	524
2021		$	524
2022		$	524
2023		$	524
2024		$	524
2025-2029		$	2,619

Post-retirement Healthcare Benefits [Member]

Schedule of Expected Payments for Pension Benefits

Expected payments for the postretirement benefits are as follows:

Fiscal Years		Postretirement Healthcare Benefits
2020		$	65
2021		$	44
2022		$	20
2023-2027		$	103

Schedule Net Periodic Post-retirement Healthcare (benefit) Cost

Net periodic postretirement healthcare (benefit) consisted of the following:

		November 1. 2019				November 2. 2018
		(52 Weeks)				(52 Weeks)
Service cost		$	9			$	13
Interest cost			22				18
Amortization of prior service cost			(44	)			(132	)
Amortization of actuarial gain			(7	)			(41	)
Net periodic postretirement healthcare (benefit)		$	(20	)		$	(142	)

One Percent Increase in Healthcare Cost Trend Rate [Member]

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

The table below shows the estimated effect of a 1% increase in healthcare cost trend rate on the following:

		2019				2018
Interest cost plus service cost		$	3			$	4
Accumulated postretirement healthcare obligation		$	64			$	54

One Percent Decrease In Healthcare Cost Trend Rate [Member]

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

The table below shows the estimated effect of a 1% decrease in healthcare cost trend rate on the following:

		2019				2018
Interest cost plus service cost		$	(3	)		$	(3	)
Accumulated postretirement healthcare obligation		$	(53	)		$	(45	)

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