INCOME TAXES (Tables)

12 Months Ended

Mar. 01, 2014

Income Tax Disclosure [Abstract]

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

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

	Fiscal Year Ended
	March 1, 2014		March 2, 2013
	(in thousands)
Deferred tax assets:
Pension costs	$	2,759	$	4,004
Reserves not currently deductible for tax purposes		66		69
Net operating loss carry forwards		79,145		70,746
Depreciation		3,490		13,124
AMT credit		3,182		3,182
Accrued expenses		110		4,086
Other		82		81
Wind-down expenses		3,954		8,752
Air right		3,703		3,641
Lease claim		13,934		14,439
Store closing cost		-		2,650
Total deferred tax assets	$	110,425	$	124,774
Valuation Allowance		(59,868)		(83,676)
Deferred tax asset after valuation allowance	$	50,557	$	41,098
Deferred tax liabilities:
Intangibles	$	(156)	$	(356)
Write up of owned real estate		(50,401)		(40,742)
Total deferred tax liabilities	$	(50,557)	$	(41,098)
Net deferred tax assets	$	-	$	-