Subsequent Events

3 Months Ended

May 25, 2012

Subsequent Events [Abstract]

Subsequent Events

9.  Subsequent Events

On June 8, 2012, the Company disclosed on a Current Report on Form 8-K that it would miss the extended deadline of June 8, 2012 to file its Annual Report on Form 10-K for the 2012 fiscal year, which was subsequently filed on August 2, 2012.  As disclosed by the Company in its Form 12b-25 filed on May 24, 2012, the delay in filing its Annual Report on Form 10-K for the 2012 fiscal year was related to an independent internal investigation of accounting practices at one of the Company's foreign subsidiaries that was being conducted by the Audit Committee of the Company's Board of Directors.  The Company discussed with PNC Bank the delay in filing its Annual Report on Form 10-K for the 2012 fiscal year because the delay in filing would result in a breach of a covenant in the Company's line of credit, and the Company received from PNC Bank waivers through August 3, 2012, within which its Annual Report on Form 10-K for the 2012 fiscal year has been filed; consequently, the Company did not breach a covenant in its line of credit and remains in compliance with its bank covenants.  The delay in filing the Annual Report on Form 10-K for the 2012 fiscal year contributed to the delay in filing the Form 10-Q for the 2013 first quarter, as disclosed by the Company in its Form 12b-25 filed on July 9, 2012.

References to 2013 first quarter are references to the thirteen week period ended May 25, 2012.  References to 2012 first quarter are references to the thirteen week period ended May 27, 2011.  References to fiscal 2013 or the 2013 fiscal year are references to the fifty-two week period ending February 22, 2013.  References to fiscal 2012 or the 2012 fiscal year are references to the fifty-two week period ended February 24, 2012.