XML 24 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes
9 Months Ended
Nov. 25, 2011
Income Taxes [Abstract]  
Income Taxes
6.    Income Taxes
 
Effective tax rates were 54.9% and 0.0% for the 2012 third quarter and 2011 third quarter, respectively.  Effective tax rates were 42.6% and 0.0% over the 2012 first three quarters and 2011 first three quarters, respectively.  An income tax provision of $996 was recorded in the 2012 third quarter, and an income tax provision of $2,940 was recorded over the 2012 first three quarters following a $7,665 benefit recorded in the fourth fiscal quarter of 2011, which significantly reduced the valuation allowance against the Company's deferred tax asset.  At the end of each interim period, we make our best estimate of the effective tax rate expected to be applicable for the full fiscal year and the impact of discrete items, if any, and adjust the quarterly rate as necessary.
 
Generally, accounting standards require companies to provide for income taxes each quarter based on their estimate of the effective tax rate for the full year.  The authoritative guidance for accounting for income taxes allows use of the discrete method when, in certain situations, the actual interim period effective tax rate may be used if it provides a better estimate of income tax expense.
 
As of November 25, 2011