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Income Taxes
9 Months Ended
Nov. 23, 2012
Income Taxes [Abstract]  
Income Taxes
6. Income Taxes
 
Effective tax rates were 47.2% and 54.9% for the 2013 third quarter and the 2012 third quarter, respectively.  Effective tax rates were 42.4% and 42.6% for the 2013 first three quarters and the 2012 first three quarters, respectively.  Income tax provisions of $1,074 and $996 were recorded in the 2013 third quarter and the 2012 third quarter, respectively.  Income tax provisions of $3,082 and $2,940 were recorded in the 2013 first three quarters and the 2012 first three quarters, respectively.  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 23, 2012, the Company had approximately $15,700 of federal net loss carryforwards available to offset future income tax liabilities, which begin to expire in 2025.  In addition, the Company has the ability to offset deferred tax assets against deferred tax liabilities created for such items as depreciation and amortization.