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Retirement and Other Benefit Plans (Tables)

12 Months Ended

Nov. 03, 2023

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Pension Cost

Net pension income consisted of the following:

Schedule of Net Pension Cost 

		November 3, 2023				October 28, 2022
		(53 Weeks)				(52 Weeks)
Service cost		$	57			$	127
Interest cost			2,688				1,772
Expected return on plan assets			(3,439	)			(4,336	)
Amortization of unrecognized loss			615				1,210
Net pension income		$	(79	)		$	(1,227	)

Schedule of Assumptions Used

Weighted average assumptions for each fiscal year are as follows:

Schedule of Assumptions Used

		November 3, 2023				October 28, 2022
Discount rate			5.96	%			5.44	%
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

		November 3, 2023				October 28, 2022
		(53 Weeks)				(52 Weeks)
Change in plan assets:
Fair value of the plans’ assets - beginning of year		$	50,649			$	63,295
Actual return on the plans’ assets			2,394				(10,476	)
Benefits paid			(2,358	)			(2,170	)
Fair value of the plans’ assets - end of year		$	50,685			$	50,649
Change in benefit obligations:
Benefit obligations - beginning of year		$	50,098			$	70,882
Service cost			57				127
Interest cost			2,688				1,772
Actuarial loss			(1,686	)			(20,513	)
Benefits paid			(2,357	)			(2,170	)
Benefit obligations - end of year			48,800				50,098
Funded status of the plans			1,885				551
Unrecognized net actuarial loss			7,216				8,470
Net amount recognized		$	9,101			$	9,021

Schedule of Allocation of Plan Assets

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

Schedule of Allocation of Plan Assets

Asset Class		2023				Target Asset Allocation				2022				Target Asset Allocation
Large Cap Equities			21.7	%			23.0	%			22.6	%			23.0	%
Mid Cap Equities			0.0	%			0.0	%			0.0	%			0.0	%
Small Cap Equities			9.5	%			9.0	%			9.7	%			9.0	%
International (equities only)			26.9	%			27.0	%			25.9	%			25.0	%
Fixed Income			36.0	%			37.0	%			35.9	%			37.0	%
Cash and other			5.9	%			4.0	%			5.9	%			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 November 3, 2023, 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

		2023
		Level 1				Level 2				Level 3				Total
Total plan assets		$	50,685				-				-			$	50,685

The fair value of our pension plan 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:

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

Schedule of Health Care Cost Trend Rates

Weighted average assumptions for the fiscal years ended November 3, 2023, and October 28, 2022, are as follows:

Schedule of Health Care Cost Trend Rates

		2023				2022
Discount rate			5.96	%			5.44	%
Medical trend rate next year			7.50	%			6.50	%
Ultimate trend rate			5.00	%			5.00	%
Year ultimate trend rate is achieved			2028				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

		2023				2022
Change in accumulated postretirement healthcare obligation:
Healthcare obligation - beginning of year		$	426			$	530
Interest cost			22				13
Service cost			3				-
Actuarial gain (loss)			230				(105	)
Benefits paid			(32	)			(12	)
Healthcare obligation – end of year		$	649			$	426
Funded status of the plans			649				426
Unrecognized net actuarial gain			33				(215	)
Unrecognized amounts recorded in other comprehensive income			(33	)			215
Postretirement healthcare liability		$	649			$	426

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
2024		$	3,258
2025		$	3,370
2026		$	3,466
2027		$	3,561
2028		$	3,614
2029-2033		$	18,364

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
2024		$	533
2025		$	533
2026		$	533
2027		$	533
2028		$	532
2029-2032		$	2,612

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
2024		$	36
2025		$	37
2026		$	37
2027		$	37
2028-2032		$	177

Schedule Net Periodic Post-retirement Healthcare (benefit) Cost

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

 Schedule Net Periodic Post-retirement Healthcare (benefit) Cost

		November 3, 2023				October 28, 2022
		(53 Weeks)				(52 Weeks)
Interest cost		$	22			$	13
Amortization of actuarial gain			(17	)			(10	)
Service cost			4				-
Net periodic postretirement healthcare cost		$	9			$	3

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

		2023				2022
Interest cost plus service cost		$	5			$	2
Accumulated postretirement healthcare obligation		$	106			$	65

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

		2023				2022
Interest cost plus service cost		$	(4	)		$	(1	)
Accumulated postretirement healthcare obligation		$	(84	)		$	(55	)

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