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Retirement and Other Benefit Plans (Tables)

12 Months Ended

Oct. 28, 2022

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Pension Cost

Net pension (income) cost consisted of the following:

Schedule of Net Pension Cost 

		October 28, 2022				October 29, 2021
		(52 Weeks)				(52 Weeks)
Service cost		$	127			$	134
Interest cost			1,772				1,742
Expected return on plan assets			(4,336	)			(3,697	)
Amortization of unrecognized loss			1,210				2,722
Net pension (income) cost		$	(1,227	)		$	901

Schedule of Assumptions Used

Weighted average assumptions for each fiscal year are as follows:

Schedule of Assumptions Used 

		2022				2021
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:

Schedule of Changes in Projected Benefit Obligations 

		October 28, 2022				October 29, 2021
		(52 Weeks)				(52 Weeks)
Change in plan assets:
Fair value of plans’ assets - beginning of year		$	63,295			$	54,116
Actual return on plans’ assets			(10,476	)			11,285
Benefits paid			(2,170	)			(2,106	)
Fair value of plans’ assets - end of year		$	50,649			$	63,295
Change in benefit obligations:
Benefit obligations - beginning of year		$	70,882			$	72,794
Service cost			127				134
Interest cost			1,772				1,742
Actuarial loss (gain)			(20,513	)			(1,681	)
Benefits paid			(2,169	)			(2,107	)
Benefit obligations - end of year			50,099				70,882
Funded status of the plans			550				(7,587	)
Unrecognized net actuarial loss			8,471				15,381
Net amount recognized		$	9,021			$	7,794

Schedule of Allocation of Plan Assets

The actual and target allocation for plans’ assets are as follows:

Schedule of Allocation of Plan Assets 

Asset Class		2022				Target Asset Allocation				2021				Target Asset Allocation
Large Cap Equities			22.6	%			23.0	%			23.2	%			23.0	%
Mid Cap Equities			0.0	%			0.0	%			0.0	%			0.0	%
Small Cap Equities			9.7	%			9.0	%			9.1	%			9.0	%
International (equities only)			25.9	%			25.0	%			24.3	%			25.0	%
Fixed Income			35.9	%			37.0	%			37.4	%			37.0	%
Cash and other			5.9	%			6.0	%			6.0	%			6.0	%
Total			100.0	%			100.0	%			100.0	%			100.0	%

Schedule of Fair Value of Pension Plan Assets

The fair value of our pension plans’ assets as of October 28, 2022, and the level under which fair values were determined, using the hierarchy described in Note 1, is as follows:

Schedule of Fair Value of Pension Plan Assets 

		2022
		Level 1				Level 2				Level 3				Total
Total plan assets		$	50,649				-				-			$	50,649

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 28, 2022, and October 29, 2021, are as follows:

 Schedule of Health Care Cost Trend Rates

		2022				2021
Discount rate			5.44	%			2.57	%
Medical trend rate next year			6.5	%			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:

 Schedule of Net Funded Status

		2022				2021
Change in accumulated postretirement healthcare obligation:
Healthcare obligation - beginning of year		$	530			$	588
Interest cost			13				13
Actuarial gain			(105	)			(54	)
Benefits paid			(12	)			(17	)
Healthcare obligation – end of year		$	426			$	530
Funded status of the plans			426				530
Unrecognized net actuarial gain			(215	)			(119	)
Unrecognized amounts recorded in other comprehensive income			215				119
Postretirement healthcare liability		$	426			$	530

Pension Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Expected Payments for Pension Benefits

Expected payments for pension benefits are as follows:

Schedule of Expected Payments for Pension Benefits 

Fiscal Years		Pension Benefits
2022		$	2,924
2023		$	3,087
2024		$	3,233
2025		$	3,343
2026		$	3,440
2027-2031		$	17,759

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:

Schedule of Expected Payments for Pension Benefits 

Fiscal Years		Executive Postretirement Benefits
2023		$	533
2024		$	533
2025		$	533
2026		$	533
2027		$	533
2028-2032		$	2,621

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:

 Schedule of Expected Payments for Pension Benefits

Fiscal Years		Postretirement Healthcare Benefits
2023		$	25
2024		$	25
2025		$	26
2026		$	25
2027-2031		$	124

Schedule of Health Care Cost Trend Rates

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

 Schedule Net Periodic Post-retirement Healthcare (benefit) Cost

		October 28, 2022				October 29, 2021
		(52 Weeks)				(52 Weeks)
Interest cost		$	13			$	13
Amortization of actuarial gain			(10	)			(1	)
Net periodic postretirement healthcare cost		$	3			$	12

Weighted average assumptions for the fiscal years ended October 28, 2022, and October 29, 2021, are as follows:

 Schedule of Health Care Cost Trend Rates

		2022				2021
Discount rate			5.44	%			2.57	%
Medical trend rate next year			6.5	%			8.00	%
Ultimate trend rate			5.00	%			5.00	%
Year ultimate trend rate is achieved			2026				2026

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:

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

		2022				2021
Interest cost plus service cost		$	2			$	2
Accumulated postretirement healthcare obligation		$	65			$	67

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:

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

		2022				2021
Interest cost plus service cost		$	(1	)		$	(1	)
Accumulated postretirement healthcare obligation		$	(55	)		$	(56	)

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