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BASIS OF PRESENTATION (Tables)
3 Months Ended
Jun. 01, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accrued Liabilities [Table Text Block]
Significant estimates and judgment are required to determine the accrued costs of liquidation. The company’s accrued costs expected to be incurred in liquidation and recorded payments made related to the accrued liquidation costs are as follows (in thousands):
 
 
 
Balance
 
 
 
 
 
 
 
Balance
 
 
March 2,
 
Adjustments
 
 
Net
 
June 1,
Estimated Costs of Liquidation
 
2013
 
to Reserves
 
Payments
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate related carrying costs
 
$
15,653
 
$
2,084
 
$
(2,204)
 
$
15,533
Professional fees
 
 
5,046
 
 
244
 
 
(1,037)
 
 
4,253
Payroll related costs
 
 
3,428
 
 
33
 
 
(396)
 
 
3,065
Other
 
 
360
 
 
10
 
 
-
 
 
370
 
 
$
24,487
 
$
2,371
 
$
(3,637)
 
$
23,221
Schedule Of Adjustments Of Assets and Liabilities To Net Realizable Value Disclosure [Table Text Block]
The following table summarizes adjustments to the fair value of assets and liabilities under the liquidation basis of accounting during the thirteen week period ended June 1, 2013.
 
Adjustments of Assets and Liabilities to Net Realizable Value
 
March 3, 2013
through
June 1, 2013
 
 
 
 
 
 
Adjust real estate to estimated net realizable value
 
$
(1,100)
 
Adjust other claims to net realizable value
 
 
2,055
 
 
 
$
955