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Accumulated Other Comprehensive (Loss) Income
6 Months Ended
Aug. 26, 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
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

     (5,660      (222      16,110         10,228   

Amounts reclassified from accumulated other comprehensive income (loss)

     318         452         —           770   
  

 

 

    

 

 

    

 

 

    

 

 

 

Other comprehensive income (loss), net of tax

     (5,342      230         16,110         10,998   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at August 26, 2016

   $ (18,877    $ (26,398    $ 36,615       $ (8,660
  

 

 

    

 

 

    

 

 

    

 

 

 

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

 

(In thousands)    Six Months Ended
August 26, 2016
 

Pensions and Postretirement Benefits:

  

Amortization of pensions and postretirement benefits items

  

Actuarial losses, net

   $ (1,043 )(1) 

Prior service credit, net

     347  (1) 
  

 

 

 
     (696

Tax benefit

     244  (2) 
  

 

 

 

Total, net of tax

     (452
  

 

 

 

Foreign Currency Translation Adjustments:

  

Loss upon dissolution of business

     (318 )(3) 
  

 

 

 

Total reclassifications

   $ (770
  

 

 

 

 

Classification on Consolidated Statement of Income:

 

(1) Administrative and general expenses
(2) Income tax expense
(3) Other operating income – net