Other Income and Expense

3 Months Ended

May 25, 2012

Other Income and Expense [Abstract]

Other Income and Expense

Note 5 – Other Income and Expense

During the three months ended May 25, 2012, the Corporation recorded expenses totaling $2.1 million related to the termination of certain agency agreements associated with our licensing business, which is included in “Other operating expense (income) – net” on the Consolidated Statement of Income.

	Three Months Ended
(In thousands)	May 25, 2012			May 27, 2011
Foreign exchange (gain) loss	$	(1,456	)	$	717
Rental income		(636	)		(471	)
Loss on asset disposal		156			86
Miscellaneous		7,615			(173	)
Other non-operating expense – net	$	5,679		$	159

“Miscellaneous” includes, among other things, income/loss from debt and equity securities. In the three months ended May 25, 2012, the Corporation recorded a loss of $7.8 million related to the senior secured debt of Clinton Cards that the Corporation acquired during the current quarter. See Note 15 for further information.