Income taxes (Tables)
|
12 Months Ended |
Mar. 01, 2014
|
Income taxes |
|
Schedule of components of the provision (benefit) for income taxes |
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Fiscal year ended |
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|
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 |
) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,613 |
|
$ |
(4,579 |
) |
$ |
(32,045 |
) |
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|
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|
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Current |
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|
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|
|
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|
|
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Federal |
|
$ |
3,746 |
|
$ |
1,630 |
|
$ |
89 |
|
State |
|
|
654 |
|
|
644 |
|
|
672 |
|
Foreign |
|
|
1,838 |
|
|
1,183 |
|
|
1,261 |
|
|
|
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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 |
) |
|
|
|
|
|
|
|
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|
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|
|
|
|
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 |
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Fiscal year ended |
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|
|
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 |
) |
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Schedule of components of deferred tax assets and liabilities |
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|
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 |
|
|
|
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|
|
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|
|
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Subtotal |
|
|
12,770 |
|
|
8,903 |
|
Valuation allowance |
|
|
(4,297 |
) |
|
(5,564 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
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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 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total deferred tax liabilities |
|
|
(88,654 |
) |
|
(89,604 |
) |
|
|
|
|
|
|
|
|
|
|
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|
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|
Net deferred tax liabilities |
|
$ |
(80,181 |
) |
$ |
(86,265 |
) |
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