Other Income and Expense

3 Months Ended

May 30, 2014

Other Income And Expenses [Abstract]

Other Income and Expense

Note 5 – Other Income and Expense

Other Operating Income – Net

	Three Months Ended
(In thousands)	May 30, 2014			May 31, 2013
Clinton Cards secured debt recovery	$	(3,390	)	$	(2,000	)
Loss (gain) on asset disposal		23			(235	)
Miscellaneous		1,399			(1,083	)
Other operating income – net	$	(1,968	)	$	(3,318	)

During the three months ended May 30, 2014, the Corporation recorded an impairment recovery of $3.4 million related to the senior secured debt of Clinton Cards that the Corporation acquired in May 2012 and subsequently impaired. This recovery, which was based on current estimated recovery information provided by the bankruptcy administrators of the Clinton Cards liquidation (“Administrators”), represents the final amount of a full recovery of the prior impairment. The liquidation process is expected to be completed during fiscal 2015.

During the three months ended May 31, 2013 the impairment of the secured debt of Clinton Cards, based on updated recovery information provided by the Administrators, was also adjusted, resulting in a gain of $2.0 million.

Other Non-Operating Income – Net

	Three Months Ended
(In thousands)	May 30, 2014			May 31, 2013
Foreign exchange gain	$	(460	)	$	(915	)
Rental income		(539	)		(484	)
Miscellaneous		(108	)		26
Other non-operating income – net	$	(1,107	)	$	(1,373	)