INCOME TAXES (Tables)

12 Months Ended

Mar. 02, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision (benefit) for income taxes was as follows:

	Thirty-Five		Fiscal Year
	Weeks Ended		Ended
	October 29, 2011		February 26, 2011
	(in thousands)
Current:
Federal	$	-	$	3,368
State		138		62
	$	138	$	3,430
Deferred:
Federal	$	30,318	$	(20,107	)
State		15,948		(2,212	)
	$	46,266	$	(22,319	)
Provision (benefit) for income taxes	$	46,404	$	(18,889	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	Thirty-Five			Fiscal Year
	Weeks Ended			Ended
	October 29, 2011			February 26, 2011
Statutory Federal income tax rate		35.0	%		35.0	%
State taxes		-0.3	%		5.6	%
Change in valuation allowance		-191.2	%		-2.1	%
Effect on deferred taxes for change in state tax rate		0.0	%		0.6	%
Other		-0.2	%		-2.6	%
Effective income tax rate		-156.7	%		36.5	%

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The composition of the Company’s deferred tax assets and liabilities is as follows:

	Fiscal Year Ended
	March 2, 2013			February 25, 2012
	(in thousands)
Deferred tax assets:
Pension costs	$	4,004		$	5,901
Reserves not currently deductible for tax purposes		69			1,954
Net operating loss carry forwards		70,746			51,173
Depreciation		13,124			12,197
Deferred rent		-			2,238
AMT credit		3,182			3,182
Accrued expenses		4,086			2,331
Other		81			83
Wind-down expenses		8,752			13,227
Air right		3,641			3,757
Lease claim		14,439			21,875
Store closing cost		2,650			2,733
Total deferred tax assets	$	124,774		$	120,651
Valuation Allowance		(83,676	)		(85,117	)
Deferred tax asset after valuation allowance	$	41,098		$	35,534
Deferred tax liabilities:
Intangibles	$	(356	)	$	(364	)
Write up of owned real estate		(40,742	)		(35,170	)
Total deferred tax liabilities	$	(41,098	)	$	(35,534	)
Net deferred tax assets	$	-		$	-
Current deferred tax assets	$	-		$	-
Long term deferred tax assets		-			-
Total deferred tax assets	$	-		$	-