Significant Accounting Policies (Policies) | 12 Months Ended |
Oct. 28, 2016 |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | Use of estimates and assumptions The preparation of financial statements in conformity with generally accepted accounting principles requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported revenues and expenses during the respective reporting periods. Actual results could differ from those estimates. Amounts estimated related to liabilities for pension benefits, self - insured workers’ compensation and employee healthcare benefits are subject to inherent uncertainties and these estimated liabilities may may We test long - lived assets for recoverability whenever events or changes in circumstances indicate that the carrying amount may |
Subsequent Events, Policy [Policy Text Block] | Subsequent events Management has evaluated events subsequent to October 28, 2016 may |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of credit risk Our credit risk is diversified across a broad range of customers and geographic regions. Losses due to credit risk have recently been immaterial. The carrying amount of cash equivalents, accounts and other receivables, accounts payable and accrued liabilities approximate fair market value due to the short maturity of these instruments. We maintain cash balances at financial institutions, which may We have significant accounts receivable with a few large, well known customers which, although historically secure, could be subject to material risk should these customers’ operations suddenly deteriorate. Sales to Wal - Mart® comprised 34.8% 2016 35.6% October 28, 2016. 7.8% 2016 24.5% October 28, 2016. 31.4% 2015 42.6% October 30, 2015. |
Segment Reporting, Policy [Policy Text Block] | Business segments Our company and its subsidiaries operate in two 7 |
Fiscal Period, Policy [Policy Text Block] | Fiscal year We maintain our accounting records on a 52 53 October 31. 2016 2015 52 |
Revenue Recognition, Policy [Policy Text Block] | Revenues Revenues are recognized upon passage of title to the customer, typically upon product pick - up, shipment or delivery to customers. Products are delivered to customers primarily through our own long - haul fleet or through a Company owned direct store delivery system. These delivery costs, $3,456 $3,663 2016 2015, We record promotional and returns allowances based on recent and historical trends. Revenue is recognized as the net amount estimated to be received after deducting estimated amounts for discounts, trade allowances and product returns. Promotional allowances, including customer incentive and trade promotion activities, are recorded as a reduction to sales based on amounts estimated being due to customers, based primarily on historical utilization and redemption rates. Promotional allowances deducted from sales for fiscal years 2016 2015 $8,578 $8,881, |
Advertising Costs, Policy [Policy Text Block] | Advertising expenses Advertising and other promotional expenses are recorded as selling, general and administrative expenses. Advertising expenses for fiscal years 2016 2015 $2,055 $1,861, |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and cash equivalents We consider all investments with original maturities of three $6,985 October 28, 2016 $5,842 October 30, 2015. October 28, 2016 |
Fair Value Measurement, Policy [Policy Text Block] | Fair value measurements We classify levels of inputs to measure the fair value of financial assets as follows: • Level 1 1 • Level 2 2 1 • Level 3 3 The hierarchy noted above requires us to minimize the use of unobservable inputs and to use observable market data, if available, when determining fair value. The Company does not have any assets or liabilities measured at fair value on a recurring or non - recurring basis for the years ended October 28, 2016 October 30, 2015. |
Inventory, Policy [Policy Text Block] | Inventories Inventories are valued at the lower of cost (which approximates actual cost on a first first |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, plant and equipment Property, plant and equipment are carried at cost less accumulated depreciation. Major renewals and improvements are charged to the asset accounts while the cost of maintenance and repairs is charged to expense as incurred. When assets are sold or otherwise disposed of, the cost and accumulated depreciation are removed from the respective accounts and the resulting gain or loss is credited or charged to income. Depreciation is computed on a straight - line basis over 10 20 5 10 3 5 |
Lease, Policy [Policy Text Block] | Capital leases Leased property and equipment that meet capital lease criteria are capitalized at the lower of the present value of the minimum payments required under the lease or the fair value of the asset at inception of the lease and are included within property, plant and equipment on the consolidated balance sheet. Obligations under capital leases are accounted for as current and noncurrent liabilities on the consolidated balance sheet. Amortization is calculated on a straight - line method based upon the shorter of the estimated useful life of the asset or the lease term. |
Insurance Premiums Revenue Recognition, Policy [Policy Text Block] | Life insurance policies We record the cash surrender value or contract value for life insurance policies as an adjustment of premiums paid in determining the expense or income to be recognized under the contract for the period. The cash surrender value is included in other non - current assets in the accompanying consolidated balance sheets. |
Income Tax, Policy [Policy Text Block] | Income taxes Deferred taxes are provided for items whose financial and tax bases differ. A valuation allowance is provided against deferred tax assets when it is expected that it is more likely than not that the related asset will not be fully realized. The determination as to whether or not a deferred tax asset can be fully realized is subject to a significant degree of judgment, based at least partially upon a projection of future taxable income, which takes into consideration past and future trends in profitability, customer demand, supply costs, and multiple other factors, none of which are predictable. We provide tax accruals for federal, state and local exposures relating to audit results, tax planning initiatives and compliance responsibilities. The development of these accruals requires judgments about tax issues, potential outcomes and timing. (See Note 4 |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock - based compensation We measure and recognize compensation expense for all share - based payments to employees, including grants of employee stock options, in the financial statements based on the fair value at the date of the grant. We have not issued, awarded, granted or entered into any stock - based payment agreements since April 29, 1999. |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive income Comprehensive income consists of net income and additional minimum pension liability adjustments. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently issued accounting pronouncements and regulations In May 2014, 2014 09 December 15, 2017, In July 2015, 2015 11 may December 15, 2016. In November 2015, 2015 17, December 6, 2016 October 28, 2016. In February 2016, 2016 02, December 15, 2018 In March 2016, 2016 08, 606): 2014 09 April 2016, 2016 10, May 2016, 2016 12, 2014 09, 2019 In October 2016, 2016 16, eight December 15, 2017 |