COMMITMENTS

12 Months Ended

Mar. 02, 2013

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS

NOTE 7 – COMMITMENTS

a) Leases - The Company no longer has retail stores subject to ongoing operating leases obligations. Previous operating lease liability claims under 502(b)(6) of the Bankruptcy Code total approximately $44.6 million and are reported in other liabilities on the consolidated statement of net assets.

Rent expense for operating leases (in thousands) was as follows:

	Thirty-Five			Fiscal Year
	Weeks Ended			Ended
	October 29, 2011			February 26, 2011
Minimum rentals due	$	23,416		$	35,684
Escalation rentals accrued		3,058			3,516
Sublease rentals		(812	)		(1,257	)
Total	$	25,662		$	37,943

b) Legal Proceedings - The Company is a party to routine litigation incidental to its business. Some of the actions to which the Company is a party are covered by insurance and are being defended or reimbursed by the Company’s insurance carriers.

As discussed in Note 1, Syms and its subsidiaries filed voluntary petitions for relief under Chapter 11 on November 2, 2011. On September 14, 2012, a plan of reorganization became effective and Syms and its subsidiaries emerged from bankruptcy, with reorganized Syms merging with and into Trinity.