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Accumulated Other Comprehensive (Loss) Income
3 Months Ended
May 27, 2016
Equity [Abstract]  
Accumulated Other Comprehensive (Loss) Income

Note 7 – Accumulated Other Comprehensive (Loss) Income

The changes in accumulated other comprehensive (loss) income are as follows:

 

(In thousands)    Foreign
Currency
Translation
Adjustments
     Pensions and
Other
Postretirement
Benefits
     Unrealized
Investment
Gain
     Total  

Balance at February 29, 2016

   $ (13,535    $ (26,628    $ 20,505       $ (19,658

Other comprehensive income (loss) before reclassifications

     6,810         (213      7,858         14,455   

Amounts reclassified from accumulated other comprehensive income (loss)

     —           216         —           216   
  

 

 

    

 

 

    

 

 

    

 

 

 

Other comprehensive income, net of tax

     6,810         3         7,858         14,671   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at May 27, 2016

   $ (6,725    $ (26,625    $ 28,363       $ (4,987
  

 

 

    

 

 

    

 

 

    

 

 

 

The reclassifications out of accumulated other comprehensive (loss) income are as follows:

 

(In thousands)    Three Months Ended
May 27, 2016
 

Pensions and Postretirement Benefits:

  

Amortization of pensions and other postretirement benefits items

  

Actuarial losses, net

   $ (506 )  (1) 

Prior service credit, net

     174    (1) 
  

 

 

 
     (332

Tax benefit

     116    (2) 
  

 

 

 

Total, net of tax

     (216
  

 

 

 

Total reclassifications

   $ (216

 

Classification on Consolidated Statement of Income:

(1) Administrative and general expenses
(2) Income tax expense