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Other Income and Expense
3 Months Ended
May. 29, 2015
Other Income and Expenses [Abstract]  
Other Income and Expense

Note 6 – Other Income and Expense

Other Operating Income – Net

 

     Three Months Ended  
(In thousands)    May 29, 2015      May 30, 2014  

Gain on sale of Strawberry Shortcake

   $ (61,666    $ —     

Clinton Cards secured debt recovery

     —           (3,390

Loss on asset disposal

     9         23   

Miscellaneous

     (763      1,399   
  

 

 

    

 

 

 

Other operating income – net

$ (62,420 $ (1,968
  

 

 

    

 

 

 

In March 2015, the Corporation recognized a gain of $61.7 million in connection with the sale of Strawberry Shortcake. See Note 4 for further information.

 

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.

Other Non-Operating Income – Net

 

     Three Months Ended  
(In thousands)    May 29, 2015      May 30, 2014  

Foreign exchange gain

   $ (784    $ (460

Rental income

     (152      (539

Miscellaneous

     (2      (108
  

 

 

    

 

 

 

Other non-operating income – net

$ (938 $ (1,107