Income Taxes (Tables)

12 Months Ended

Mar. 02, 2013

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Earnings (loss) from continuing operations before income taxes consisted of the following:

(In thousands)	2013		2012		2011
U.S.	$	26,366	$	3,458	$	(19,997	)
International	208		190		(836		)
Earnings (loss) from continuing operations before income taxes	$	26,574	$	3,648	$	(20,833	)

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) for continuing operations for each of the last three fiscal years are as follows:

(In thousands)	2013			2012			2011
Current:
Federal	$	5,036		$	2,208		$	(7,760	)
State and local	169			554			183
International	409			615			(172		)
Total current for continuing operations	$	5,614		$	3,377		$	(7,749	)
Deferred:
Federal	$	2,680		$	(600	)	$	790
State and local	1,015			(401		)	(1,015		)
International	(138		)	(114		)	18
Total deferred for continuing operations	$	3,557		$	(1,115	)	$	(207	)
Total non-current tax (benefit) expense	$	(1,375	)	$	(3,311	)	$	1,280
Total income tax expense (benefit)	$	7,796		$	(1,049	)	$	(6,676	)

Schedule of Effective Income Tax Rate Reconciliation

The differences between the statutory federal income tax rates and consolidated effective tax rates are as follows:

	2013	2012	2011
Federal income tax expense (benefit) at statutory rates	35.0%	35.0%	(35.0)%
State and local income taxes, net of federal tax benefit	0.9	(5.2)	(2.7)
Tax credits - research & development	(2.5)	(19.2)	(4.0)
Tax credits - other	(0.4)	(3.0)	(0.3)
Manufacturing deduction	(2.0)	(10.7)	1.7
Meals and entertainment	0.9	5.0	0.6
Permanent tax adjustment for officers compensation	—	3.0	0.5
Nondeductible acquisition costs	—	—	1.0
Tax-exempt interest	(0.4)	(3.0)	(0.9)
Tax reserve adjustments - statute expirations and benefits recognized	(3.0)	(42.2)	5.6
Change in valuation allowance	0.8	10.4	0.5
Other, net	—	1.1	1.0
Income tax expense (benefit), continuing operations	29.3%	(28.8)%	(32.0)%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and deferred tax liabilities for continuing operations at March 2, 2013 and March 3, 2012 are as follows:

	2013						2012
(In thousands)	Current			Noncurrent			Current			Noncurrent
Accounts receivable	$	762		$	—		$	994		$	—
Accrued insurance	193			614			114			787
Other accruals	2,581			979			2,346			1,133
Deferred compensation	37			8,481			242			9,601
Restructuring reserve	64			175			290			189
Goodwill and other intangibles	—			(4,710		)	53			(3,523		)
Inventory	1,166			—			1,023			—
Depreciation	—			(15,912		)	—			(16,441		)
Liability for unrecognized tax benefits	—			3,415			—			3,774
Prepaid expenses	(494		)	534			(442		)	516
Net operating losses	—			3,433			—			3,019
Valuation allowance on net operating losses	(2,117		)	(567		)	(404		)	(1,365		)
Other	26			78			78			63
Deferred tax assets (liabilities)	$	2,218		$	(3,480	)	$	4,294		$	(2,247	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

(In thousands)	2013			2012			2011
Gross unrecognized tax benefits at beginning of year	$	7,125		$	10,676		$	12,666
Gross increases in tax positions for prior years	236			136			1,084
Gross decreases in tax positions for prior years	(1,480		)	(462		)	(3,197		)
Gross increases based on tax positions related to the current year	621			623			663
Gross decreases based on tax positions related to the current year	(56		)	(78		)	(92		)
Settlements	(682		)	(1,200		)	(1,382		)
Statute of limitations expiration	(248		)	(2,570		)	(127		)
Unrecognized tax benefits acquired in connection with GlassecViracon	—			—			1,061
Gross unrecognized tax benefits at end of year	$	5,516		$	7,125		$	10,676