Other Income and Expense

6 Months Ended

Aug. 26, 2016

Other Income and Expenses [Abstract]

Other Income and Expense

Note 6 – Other Income and Expense

Other Operating Income – Net

	Three Months Ended						Six Months Ended
(In thousands)	August 26, 2016			August 28, 2015			August 26, 2016			August 28, 2015
State tax credits	$	(1,050	)	$	(6,541	)	$	(2,100	)	$	(6,541	)
Gain adjustment (gain) on sale of Strawberry Shortcake		—			41			—			(61,625	)
Loss on asset disposal		31			57			28			66
Miscellaneous		(722	)		(866	)		(1,559	)		(1,629	)
Other operating income – net	$	(1,741	)	$	(7,309	)	$	(3,631	)	$	(69,729	)

During the three and six months ended August 26, 2016, the Corporation recognized income of $1.1 million and $2.1 million, respectively, from tax credits received from the State of Ohio under certain incentive programs made available to the Corporation in connection with its decision to maintain its world headquarters in the state of Ohio. Tax credits of $6.5 million were recognized in the quarter ended August 28, 2015.

During the six months ended August 28, 2015, the Corporation recognized a net gain of $61.6 million from the sale of Strawberry Shortcake, which included a first quarter gain of $61.7 million and an adjustment to the gain in the second quarter of approximately $0.1 million. See Note 4 for further information.

Other Non-Operating Expense (Income) – Net

	Three Months Ended						Six Months Ended
(In thousands)	August 26, 2016			August 28, 2015			August 26, 2016			August 28, 2015
Foreign exchange loss (gain)	$	842		$	111		$	1,002		$	(673	)
Rental income		(142	)		(129	)		(290	)		(281	)
Miscellaneous		(2	)		(36	)		(2	)		(38	)
Other non-operating expense (income) – net	$	698		$	(54	)	$	710		$	(992	)