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Income taxes (Tables)
12 Months Ended
Mar. 01, 2014
Income taxes  
Schedule of components of the provision (benefit) for income taxes

 

 

 
  Fiscal year ended  
 
  March 1,
2014
  March 2,
2013
  February 25,
2012
 

Income (loss) before income taxes:

                   

U.S. 

  $ 4,100   $ 12,374   $ (15,484 )

Foreign

    4,513     (16,953 )   (16,561 )
               

 

  $ 8,613   $ (4,579 ) $ (32,045 )
               

Current

                   

Federal

  $ 3,746   $ 1,630   $ 89  

State

    654     644     672  

Foreign

    1,838     1,183     1,261  
               

Total current provision

    6,238     3,457     2,022  

Deferred

   
 
   
 
   
 
 

Federal

    (3,676 )   459     499  

State

    (2,373 )   215     251  

Foreign

    258     (8,580 )   (4,146 )
               

Total deferred benefit

    (5,791 )   (7,906 )   (3,396 )

Total provision (benefit) for income taxes

 
$

447
 
$

(4,449

)

$

(1,374

)
Schedule of differences between the actual (benefit) provision for income taxes and the amounts computed by applying the statutory federal tax rate to income before taxes

 

 

 
  Fiscal year ended  
 
  March 1,
2014
  March 2,
2013
  February 25,
2012
 

Provision (benefit) computed at federal statutory rate

  $ 3,014   $ (1,603 ) $ (11,216 )

Impairment of nondeductible goodwill

            12,730  

Permanent differences

    292     1,387     40  

Change in valuation allowance

    (1,992 )   (1,689 )   (3,493 )

State income taxes, net of federal benefit

    68     973     (1,069 )

Residual effect of intraperiod tax allocation

            115  

Effect of foreign income taxes

    (547 )   1,181     1,437  

Change in Swedish tax rate

        (2,936 )    

Economic zone credits

    (200 )   (1,686 )    

Other, net

    (188 )   (76 )   82  
               

 

  $ 447   $ (4,449 ) $ (1,374 )
               
               
Schedule of components of deferred tax assets and liabilities

 

 

 
  March 1,
2014
  March 2,
2013
 

Deferred tax assets:

             

Inventory

  $ 2,084   $ 2,154  

Loss and credit carryforwards

    5,692     5,013  

Pension liability adjustment

    344     274  

Accrued liabilities

    4,650     1,462  
           

Subtotal

    12,770     8,903  

Valuation allowance

    (4,297 )   (5,564 )
           

Total deferred tax assets

    8,473     3,339  

Deferred tax liabilities:

   
 
   
 
 

Intangibles

    (85,935 )   (85,848 )

Financial instruments

        (434 )

Capital assets

    (2,719 )   (3,322 )
           

Total deferred tax liabilities

    (88,654 )   (89,604 )
           

Net deferred tax liabilities

  $ (80,181 ) $ (86,265 )