Income Taxes (Tables)

12 Months Ended

Feb. 28, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Earnings before income taxes consisted of the following:

(In thousands)	2015		2014		2013
U.S.	$	59,898	$	36,700	$	26,699
International	5,101		3,066		208
Earnings before income taxes	$	64,999	$	39,766	$	26,907

Schedule of Components of Income Tax Expense (Benefit)

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

(In thousands)	2015			2014			2013
Current:
Federal	$	7,328		$	15,711		$	5,036
State and local	1,198			1,440			169
International	1,790			1,437			409
Total current	$	10,316		$	18,588		$	5,614
Deferred:
Federal	$	4,738		$	(4,549	)	$	2,680
State and local	(363		)	(378		)	1,015
International	(101		)	(353		)	(138		)
Total deferred	$	4,274		$	(5,280	)	$	3,557
Total non-current tax benefit	$	(107	)	$	(1,528	)	$	(1,375	)
Total income tax expense	$	14,483		$	11,780		$	7,796

Schedule of Effective Income Tax Rate Reconciliation

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

	2015	2014	2013
Federal income tax expense at statutory rates	35.0%	35.0%	35.0%
State and local income taxes, net of federal tax benefit	1.2	0.9	0.9
Tax credits - research & development	(1.1)	(1.6)	(2.5)
Tax credits - 48C	(9.9)	—	—
Tax credits - other	(0.1)	(0.2)	(0.4)
Manufacturing deduction	(2.3)	(3.5)	(2.0)
Meals and entertainment	0.4	0.6	0.9
Permanent tax adjustment for officers compensation	0.1	0.1	—
Nondeductible acquisition costs	—	0.3	—
Tax-exempt interest	—	(0.2)	(0.4)
Tax reserve adjustments - statute expirations and benefits recognized	(0.2)	(2.2)	(3.0)
Change in valuation allowance	0.1	0.4	0.8
Other, net	(0.9)	—	—
Income tax expense	22.3%	29.6%	29.3%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and deferred tax liabilities at February 28, 2015 and March 1, 2014 are as follows:

	2015						2014
(In thousands)	Current			Noncurrent			Current			Noncurrent
Accounts receivable	$	1,022		$	—		$	900		$	—
Accrued insurance	46			254			113			574
Other accruals	2,826			958			2,680			792
Deferred compensation	419			11,250			(1		)	9,323
Goodwill and other intangibles	21			(7,994		)	23			(8,624		)
Inventory	90			(585		)	720			(1,164		)
Depreciation	(853		)	(20,544		)	(853		)	(14,413		)
Liability for unrecognized tax benefits	—			2,784			—			2,781
Prepaid expenses	(731		)	864			(634		)	595
Net operating losses	—			3,084			—			3,566
Valuation allowance on net operating losses	(2,149		)	(442		)	(459		)	(2,312		)
Other	668			(281		)	225			315
Deferred tax assets (liabilities)	$	1,359		$	(10,652	)	$	2,714		$	(8,567	)

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)	2015			2014			2013
Gross unrecognized tax benefits at beginning of year	$	4,431		$	5,516		$	7,125
Gross increases in tax positions for prior years	261			44			236
Gross decreases in tax positions for prior years	(276		)	(616		)	(1,480		)
Gross increases based on tax positions related to the current year	508			326			621
Gross decreases based on tax positions related to the current year	(21		)	(40		)	(56		)
Settlements	(93		)	(84		)	(682		)
Statute of limitations expiration	(319		)	(809		)	(248		)
Unrecognized tax benefits acquired in connection with Alumicor	—			94			—
Gross unrecognized tax benefits at end of year	$	4,491		$	4,431		$	5,516