The Company has purchased life insurance policies to fund its obligations under certain benefit plans for officers, key employees and directors. The cash surrender value of these policies is recorded net of policy loans and included with other long-term assets in the Company's consolidated balance sheets. The cash value of the Company's life insurance policies were $61,846,000 as of October 1, 2013 and $58,390,000 as of October 2, 2012, and no policy loans were outstanding at either date.
