Other Income and Expense

9 Months Ended

Nov. 25, 2011

Other Income and Expense [Abstract]

Other Income and Expense

Note 6—Other Income and Expense

	Three Months Ended						Nine Months Ended
(In thousands)	November 25, 2011			November 26, 2010			November 25, 2011			November 26, 2010
Gain on sale of intellectual properties	$	—		$	—		$	(4,500	)	$	—
Miscellaneous		(813	)		(1,048	)		(2,358	)		(2,578	)
Other operating income – net	$	(813	)	$	(1,048	)	$	(6,858	)	$	(2,578	)

In June 2011, the Corporation sold certain minor character properties and recognized a gain of $4.5 million. The proceeds of $4.5 million were included in “Proceeds from sale of intellectual properties” on the Consolidated Statement of Cash Flows.

	Three Months Ended						Nine Months Ended
(In thousands)	November 25, 2011			November 26, 2010			November 25, 2011			November 26, 2010
Foreign exchange gain	$	(1,500	)	$	(908	)	$	(631	)	$	(520	)
Rental income		(238	)		(235	)		(977	)		(996	)
Gain on asset disposal		(323	)		(331	)		(807	)		(1,599	)
Miscellaneous		(17	)		(144	)		(207	)		(206	)
Other non-operating income – net	$	(2,078	)	$	(1,618	)	$	(2,622	)	$	(3,321	)

“Miscellaneous” includes, among other things, income/loss from equity securities.

In October 2011, the Corporation sold the land and buildings relating to its party goods product lines in the North American Social Expression Products segment that were previously included in “Assets held for sale” on the Consolidated Statement of Financial Position and recorded a gain of approximately $0.4 million. The cash proceeds of approximately $6.0 million received from the sale of the assets are included in “Proceeds from sale of fixed assets” on the Consolidated Statement of Cash Flows.

In June 2011, the Corporation sold the land, building and certain equipment associated with a distribution facility in the International Social Expression Products segment that were previously included in “Assets held for sale” on the Consolidated Statement of Financial Position and recorded a gain of approximately $0.5 million. The cash proceeds of approximately $2.4 million received from the sale of the assets are included in “Proceeds from sale of fixed assets” on the Consolidated Statement of Cash Flows.

In August 2010, the Corporation sold the land and building associated with its Mexican operations that were previously included in “Assets held for sale” on the Consolidated Statement of Financial Position and recorded a gain of approximately $1.0 million. The cash proceeds of $2.0 million received from the sale of the Mexican assets are included in “Proceeds from sale of fixed assets” on the Consolidated Statement of Cash Flows.