Other Income and Expense

3 Months Ended

May 31, 2013

Other Income And Expenses [Abstract]

Other Income and Expense

Note 6 – Other Income and Expense
Other Operating (Income) Expense – Net
	Three Months Ended
(In thousands)	May 31, 2013		May 25, 2012
Clinton Cards secured debt (recovery) impairment		$ (2,000)		$ 7,794
Termination of certain agency agreements		-		2,125
(Gain) loss on asset disposal		(235)		156
Miscellaneous		(1,083)		(551)
Other operating (income) expense – net		$ (3,318)		$ 9,524

The Corporation recorded an impairment of $7.8 million during the quarter ended May 25, 2012 related to the senior secured debt of Clinton Cards that the Corporation acquired. During the three months ended May 31, 2013 the impairment of the secured debt of Clinton Cards was adjusted based on current estimated recovery information provided by the Administrators, resulting in a gain of $2.0 million. See Note 4 for further information.

In May 2012, the Corporation recorded expenses totaling $2.1 million related to the termination of certain agency agreements associated with its licensing business.

Other Non-Operating Income – Net

	Three Months Ended
(In thousands)	May 31, 2013		May 25, 2012
Foreign exchange gain	$	(915)	$	(1,456)
Rental income		(484)		(636)
Miscellaneous		26		(179)
Other non-operating income – net	$	(1,373)	$	(2,271)