XML 32 R18.htm IDEA: XBRL DOCUMENT
v3.20.4

Retirement and Other Benefit Plans (Tables) | 12 Months Ended
--- | ---
Oct. 30, 2020
Schedule of Net Pension Cost | Net pension cost consisted of the following:
|  | October 30, 2020 |  |  | November 1, 2019 |
|  | (52 Weeks) |  |  | (52 Weeks) |
Service cost |  | $ | 127 |  |  | $ | 103 |
Interest cost |  |  | 2,025 |  |  |  | 2,396 |
Expected return on plan assets |  |  | (3,688 | ) |  |  | (3,414 | )
Amortization of unrecognized loss |  |  | 2,163 |  |  |  | 1,236 |
Net pension cost |  | $ | 627 |  |  | $ | 321 |
Schedule of Assumptions Used | Weighted average assumptions for each fiscal year are as follows:
|  | 2020 |  |  | 2019 |
Discount rate |  |  | 2.45 | % |  |  | 3.00 | %
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:
|  | October 30, 2020 |  |  | November 1, 2019 |
|  | (52 Weeks) |  |  | (52 Weeks) |
Change in plan assets: |  |  |  |  |  |  |  |
Fair value of plan assets - beginning of year |  | $ | 53,892 |  |  | $ | 49,434 |
Employer contributions |  |  | - |  |  |  | 875 |
Actual return on plan assets |  |  | 2,189 |  |  |  | 5,402 |
Benefits paid |  |  | (1,965 | ) |  |  | (1,819 | )
Fair value of plan assets - end of year |  | $ | 54,116 |  |  | $ | 53,892 |
Change in benefit obligations: |  |  |  |  |  |  |  |
Benefit obligations - beginning of year |  | $ | 68,022 |  |  | $ | 57,487 |
Service cost |  |  | 127 |  |  |  | 103 |
Interest cost |  |  | 2,025 |  |  |  | 2,396 |
Actuarial gain (loss) |  |  | 4,585 |  |  |  | 9,856 |
Benefits paid |  |  | (1,965 | ) |  |  | (1,820 | )
Benefit obligations - end of year |  |  | 72,794 |  |  |  | 68,022 |
Funded status of the plans |  |  | (19,965 | ) |  |  | (14,130 | )
Unrecognized prior service costs |  |  | - |  |  |  | - |
Unrecognized net actuarial loss |  |  | 27,373 |  |  |  | 23,453 |
Net amount recognized |  | $ | 7,408 |  |  | $ | 9,323 |
Schedule of Allocation of Plan Assets | The actual and target allocation for plan assets are as follows:
Asset Class |  | 2020 |  |  | Target Asset Allocation |  |  | 2019 |  |  | Target Asset Allocation |
Large Cap Equities |  |  | 21.5 | % |  |  | 22.0 | % |  |  | 21.8 | % |  |  | 22.0 | %
Mid Cap Equities |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
Small Cap Equities |  |  | 13.5 | % |  |  | 12.0 | % |  |  | 13.8 | % |  |  | 12.0 | %
International (equities only) |  |  | 25.7 | % |  |  | 26.0 | % |  |  | 25.2 | % |  |  | 26.0 | %
Fixed Income |  |  | 37.5 | % |  |  | 39.0 | % |  |  | 37.6 | % |  |  | 39.0 | %
Cash |  |  | 1.8 | % |  |  | 1.0 | % |  |  | 1.6 | % |  |  | 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 October 30, 2020 and the level under which fair values were determined, using the hierarchy described in Note 1, is as follows:
|  | 2020 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Total plan assets |  | $ | 54,116 |  |  |  | - |  |  |  | - |  |  | $ | 54,116 |
Schedule of Health Care Cost Trend Rates | Weighted average assumptions for the fiscal years ended October 30, 2020 and November 1, 2019 are as follows:
|  | 2020 |  |  | 2019 |
Discount rate |  |  | 2.43 | % |  |  | 2.92 | %
Medical trend rate next year |  |  | 8.00 | % |  |  | 7.50 | %
Ultimate trend rate |  |  | 5.00 | % |  |  | 5.00 | %
Year ultimate trend rate is achieved |  |  | 2026 |  |  |  | 2025 |
Schedule of Net Funded Status | The healthcare obligation and funded status of this plan as of the fiscal years ended are as follows:
|  | 2020 |  |  | 2019 |
Change in accumulated postretirement healthcare obligation: |  |  |  |  |  |  |  |
Healthcare obligation - beginning of year |  | $ | 586 |  |  | $ | 517 |
Service cost |  |  | 3 |  |  |  | 9 |
Interest cost |  |  | 16 |  |  |  | 22 |
Actuarial gain |  |  | (8 | ) |  |  | 44 |
Benefits paid |  |  | (9 | ) |  |  | (6 | )
Healthcare obligation – end of year |  | $ | 588 |  |  | $ | 586 |
Funded status of the plans |  |  | 588 |  |  |  | 586 |
Unrecognized prior service costs |  |  | - |  |  |  | - |
Unrecognized net actuarial gain |  |  | (66 | ) |  |  | (58 | )
Unrecognized amounts recorded in other comprehensive income |  |  | 66 |  |  |  | 58 |
Postretirement healthcare liability |  | $ | 588 |  |  | $ | 586 |
Pension Plan [Member] |
Schedule of Expected Payments for Pension Benefits | Expected payments for the pension benefits are as follows:
Fiscal Years |  | Pension Benefits |
2021 |  | $ | 2,627 |
2022 |  | $ | 2,770 |
2023 |  | $ | 2,936 |
2024 |  | $ | 3,091 |
2025 |  | $ | 3,303 |
2026-2030 |  | $ | 17,625 |
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 |
2021 |  | $ | 499 |
2022 |  | $ | 533 |
2023 |  | $ | 533 |
2024 |  | $ | 533 |
2025 |  | $ | 533 |
2026-2030 |  | $ | 2,642 |
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 |
2021 |  | $ | 66 |
2022 |  | $ | 46 |
2023 |  | $ | 21 |
2024 |  | $ | 22 |
2025-2029 |  | $ | 108 |
Schedule Net Periodic Post-retirement Healthcare (benefit) Cost | Net periodic postretirement healthcare cost (benefit) consisted of the following:
|  | October 30, 2020 |  |  | November 1, 2019 |
|  | (52 Weeks) |  |  | (52 Weeks) |
Service cost |  | $ | 3 |  |  | $ | 9 |
Interest cost |  |  | 16 |  |  |  | 22 |
Amortization of prior service cost |  |  | - |  |  |  | (44 | )
Amortization of actuarial gain |  |  | - |  |  |  | (7 | )
Net periodic postretirement healthcare cost (benefit) |  | $ | 19 |  |  | $ | (20 | )
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:
|  | 2020 |  |  | 2019 |
Interest cost plus service cost |  | $ | 2 |  |  | $ | 3 |
Accumulated postretirement healthcare obligation |  | $ | 59 |  |  | $ | 64 |
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:
|  | 2020 |  |  | 2019 |
Interest cost plus service cost |  | $ | (2 | ) |  | $ | (3 | )
Accumulated postretirement healthcare obligation |  | $ | (50 | ) |  | $ | (53 | )

X
- Definition Schedule Net Periodic Post-retirement Healthcare (benefit) Cost [Table Text Block] + References No definition available. + Details
Name: | BRID_NetPeriodicPostRetirementHealthcareCostTableTextBlock
Namespace Prefix: | BRID_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Fair Value of Pension Plan Assets [Table Text Block] + References No definition available. + Details
Name: | BRID_ScheduleOfFairValueOfPensionPlanAssetsTableTextBlock
Namespace Prefix: | BRID_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (m) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumed health care cost trend rates for the next year used to measure the expected cost of benefits covered by the plans, including the ultimate trend rate(s) and when that rate is expected to be achieved. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetFundedStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=BRID_PensionPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=BRID_ExecutivePostRetirementBenefitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=BRID_PostRetirementHealthcareBenefitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=BRID_OnePercentIncreaseInHealthcareCostTrendRateMembeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=BRID_OnePercentDecreaseInHealthcareCostTrendRateMembeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |