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Consolidated Income Statements (unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Aug. 26, 2011
Aug. 27, 2010
Aug. 26, 2011
Aug. 27, 2010
Consolidated Income Statements (unaudited) [Abstract]        
Net sales $ 15,851 $ 13,244 $ 32,125 $ 25,365
Cost of goods sold 9,932 8,450 19,708 15,441
Gross profit 5,919 4,794 12,417 9,924
Operating expenses:        
Selling and marketing 1,336 1,020 2,627 2,122
General and administrative 1,788 1,623 3,875 3,086
Research and development 136 240 381 564
Total Operating expenses 3,260 2,883 6,883 5,772
Operating income 2,659 1,911 5,534 4,152
Other expenses:        
Interest expense, net 207 189 357 417
Other (income) expense, net (24) 56 84 128
Total Other expenses 183 245 441 545
Income before income taxes 2,476 1,666 5,093 3,607
Provision for income taxes 952 0 1,944 0
Net income 1,524 1,666 3,149 3,607
Less: Income attributable to non-controlling interest (2) 0 (18) (5)
Net income attributable to Environmental Tectonics Corporation 1,522 1,666 3,131 3,602
Preferred Stock dividend (552) (568) (1,104) (1,145)
Income attributable to common and participating shareholders $ 970 $ 1,098 $ 2,027 $ 2,457
Distributed earnings per share:        
Common (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Preferred (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Undistributed earnings per share:        
Common (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.12
Preferred (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.12
Diluted earnings per share (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.12
Basic weighted average common shares:        
Common weighted average number of shares (in shares) 9,106 9,090 9,106 9,088
Participating preferred shares (in shares) 11,095 11,475 11,095 11,555
Total weighted average number of shares (in shares) 20,201 20,565 20,201 20,643
Diluted weighted average common shares:        
Basic common shares (in shares) 20,201 20,565 20,201 20,643
Dilutive effect of stock warrants and options (in shares) 294 360 305 361
Total number of shares (in shares) 20,495 20,925 20,506 21,004