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Retirement and Other Benefit Plans (Tables)
12 Months Ended
Oct. 29, 2021
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Pension Cost

Net pension cost consisted of the following:

 

   October 29, 2021   October 30, 2020 
   (52 Weeks)   (52 Weeks) 
Service cost  $134   $127 
Interest cost   1,742    2,025 
Expected return on plan assets   (3,697)   (3,688)
Amortization of unrecognized loss   2,722    2,163 
Net pension cost  $901   $627 
Schedule of Assumptions Used

Weighted average assumptions for each fiscal year are as follows:

 

   2021   2020 
Discount rate        2.58%        2.45%
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 29, 2021   October 30, 2020 
   (52 Weeks)   (52 Weeks) 
Change in plan assets:          
Fair value of plan assets - beginning of year  $54,116   $53,892 
Employer contributions   -    - 
Actual return on plan assets   11,285    2,189 
Benefits paid   (2,106)   (1,965)
Fair value of plan assets - end of year  $63,295   $54,116 
Change in benefit obligations:          
Benefit obligations - beginning of year  $72,794   $68,022 
Service cost   134    127 
Interest cost   1,742    2,025 
Actuarial loss (gain)   (1,681)   4,585 
Benefits paid   (2,107)   (1,965)
Benefit obligations - end of year   70,882    72,794 
Funded status of the plans   (7,587)   (19,965)
Unrecognized prior service costs   -    - 
Unrecognized net actuarial loss   15,381    27,373 
Net amount recognized  $7,794   $7,408 
Schedule of Allocation of Plan Assets

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

 

Asset Class  2021  

Target

Asset

Allocation

   2020  

Target

Asset

Allocation

 
Large Cap Equities   23.2%   23.0%   21.5%   22.0%
Mid Cap Equities   0.0%   0.0%   0.0%   0.0%
Small Cap Equities   9.1%   9.0%   13.5%   12.0%
International (equities only)   24.3%   25.0%   25.7%   26.0%
Fixed Income   37.4%   37.0%   37.5%   39.0%
Cash and other   6.0%   6.0%   1.8%   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 29, 2021 and the level under which fair values were determined, using the hierarchy described in Note 1, is as follows:

 

   2021 
   Level 1   Level 2   Level 3   Total 
                     
Total plan assets  $63,295    -    -   $63,295 
Schedule of Health Care Cost Trend Rates

Weighted average assumptions for the fiscal years ended October 29, 2021, and October 30, 2020, are as follows:

 

   2021   2020 
Discount rate   2.57%   2.43%
Medical trend rate next year   8.00%   8.00%
Ultimate trend rate   5.00%   5.00%
Year ultimate trend rate is achieved   2026    2026 
Schedule of Net Funded Status

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

 

   2021   2020 
Change in accumulated postretirement healthcare obligation:          
Healthcare obligation - beginning of year  $588   $586 
Service cost   -    3 
Interest cost   13    16 
Actuarial gain   (54)   (8)
Benefits paid   (17)   (9)
Healthcare obligation – end of year  $530   $588 
           
Funded status of the plans   530    588 
Unrecognized prior service costs   -    - 
Unrecognized net actuarial gain   (119)   (66)
Unrecognized amounts recorded in other comprehensive income   119    66 
Postretirement healthcare liability  $530   $588 
Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Expected Payments for Pension Benefits

Expected payments for pension benefits are as follows:

 

Fiscal Years  Pension Benefits 
2022  $2,800 
2023  $2,968 
2024  $3,135 
2025  $3,318 
2026  $3,431 
2027-2031  $17,898 
Executive Post Retirement Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Expected Payments for Pension Benefits

Expected payments for executive postretirement benefits are as follows:

 

Fiscal Years   Executive Postretirement Benefits  
2022   $ 533  
2023   $ 533  
2024   $ 533  
2025   $ 533  
2026   $ 533  
2027-2031   $ 2,631  
Post Retirement Health Care Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Expected Payments for Pension Benefits

Expected payments for the postretirement benefits are as follows:

 

Fiscal Years  

Postretirement Healthcare

Benefits

 
2022   $ 43  
2023   $ 23  
2024   $ 23  
2025   $ 24  
2026-2030   $ 118  
Schedule Net Periodic Post-retirement Healthcare (benefit) Cost

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

 

   October 29, 2021   October 30, 2020 
   (52 Weeks)   (52 Weeks) 
Service cost  $-   $3 
Interest cost   13    16 
Amortization of prior service cost   -    - 
Amortization of actuarial gain   (1)   - 
Net periodic postretirement healthcare cost (benefit)  $12   $19 
1% Increase in Health Care Cost Trend Rate [Member]  
Defined Benefit Plan Disclosure [Line Items]  
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:

 

    2021    2020 
Interest cost plus service cost  $2   $2 
Accumulated postretirement healthcare obligation  $67   $59 
1% Decrease in Health Care Cost Trend Rate [Member]  
Defined Benefit Plan Disclosure [Line Items]  
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:

 

   2021   2020 
Interest cost plus service cost  $(1)  $(2)
Accumulated postretirement healthcare obligation  $(56)  $(50)