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Retirement and Other Benefit Plans (Tables)

12 Months Ended

Nov. 01, 2024

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Pension Cost

Net pension income consisted of the following:

Schedule of Net Pension Cost 

		November 1, 2024				November 3, 2023
		(52 Weeks)				(53 Weeks)
Service cost		$	56			$	57
Interest cost			2,813				2,688
Expected return on plan assets			(3,433	)			(3,439	)
Amortization of unrecognized loss			349				615
Net pension income		$	(215	)		$	(79	)

Schedule of Assumptions Used

Weighted average assumptions for each fiscal year are as follows:

Schedule of Assumptions Used 

		November 1, 2024				November 3, 2023
Discount rate			5.16	%			5.96	%
Rate of increase in salary levels			N/A				N/A
Expected return on plan assets			5.00	%			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 1, 2024				November 3, 2023
		(52 Weeks)				(53 Weeks)
Change in plan assets:
Fair value of the plans’ assets - beginning of year		$	50,685			$	50,649
Actual return on the plans’ assets			10,208				2,394
Benefits paid			(2,574	)			(2,358	)
Fair value of the plans’ assets - end of year		$	58,319			$	50,685
Change in benefit obligations:
Benefit obligations - beginning of year		$	48,800			$	50,098
Service cost			56				57
Interest cost			2,813				2,688
Actuarial gain (loss)			4,012				(1,686	)
Benefits paid			(2,574	)			(2,357	)
Benefit obligations - end of year			53,107				48,800
Funded status of the plans			5,212				1,885
Unrecognized net actuarial loss			4,103				7,216
Net amount recognized		$	9,315			$	9,101

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		2024				Target  Asset  Allocation				2023				Target  Asset  Allocation
Large Cap Equities			9.3	%			8.0	%			21.7	%			23.0	%
Mid Cap Equities			0.0	%			0.0	%			0.0	%			0.0	%
Small Cap Equities			2.4	%			2.0	%			9.5	%			9.0	%
International (equities only)			4.1	%			5.0	%			26.9	%			27.0	%
Fixed Income			84.0	%			83.0	%			36.0	%			37.0	%
Cash and other			0.2	%			2.0	%			5.9	%			4.0	%
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 1, 2024, 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 

		2024
		Level 1				Level 2				Level 3				Total
Total plan assets		$	58,319				-				-			$	58,319

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: 

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

Schedule of Health Care Cost Trend Rates

Weighted average assumptions for the fiscal years ended November 1, 2024, and November 3, 2023, are as follows:

Schedule of Health Care Cost Trend Rates 

		2024				2023
Discount rate			5.16	%			5.96	%
Medical trend rate next year			7.00	%			7.50	%
Ultimate trend rate			5.00	%			5.00	%
Year ultimate trend rate is achieved			2028				2028

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 

		2024				2023
Change in accumulated postretirement healthcare obligation:
Healthcare obligation - beginning of year		$	649			$	426
Interest cost			38				22
Service cost			9				3
Actuarial gain (loss)			180				230
Benefits paid			(34	)			(32	)
Healthcare obligation – end of year		$	842			$	649
Funded status of the plans			842				649
Unrecognized net actuarial (loss) gain			(13	)			33
Unrecognized amounts recorded in other comprehensive income			13				(33	)
Postretirement healthcare liability		$	842			$	649

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
2025		$	3,439
2026		$	3,529
2027		$	3,619
2028		$	3,669
2029		$	3,700
2030-2034		$	18,645

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
2025		$	533
2026		$	533
2027		$	533
2028		$	532
2029		$	522
2030-2033		$	2,581

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
2025		$	38
2026		$	38
2027		$	39
2028		$	39
2029-2033		$	191

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 1, 2024				November 3, 2023
		(52 Weeks)				(53 Weeks)
Interest cost		$	38			$	22
Amortization of actuarial gain			(12	)			(17	)
Service cost			8				4
Net periodic postretirement healthcare cost		$	34			$	9

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 

		2024				2023
Interest cost plus service cost		$	9			$	5
Accumulated postretirement healthcare obligation		$	156			$	106

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 

		2024				2023
Interest cost plus service cost		$	(7	)		$	(4	)
Accumulated postretirement healthcare obligation		$	(122	)		$	(84	)

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