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PENSION AND PROFIT SHARING PLANS (Tables)
12 Months Ended
Mar. 01, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
Presented below is financial information relating to this plan for the fiscal years indicated:
 
 
 
March 1, 2014
 
March 2, 2013
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
CHANGE IN BENEFIT OBLIGATION:
 
 
 
 
 
 
 
Net benefit obligation - beginning of period
 
$
11,514
 
$
11,217
 
Interest cost
 
 
611
 
 
556
 
Actuarial return (loss)
 
 
456
 
 
(821)
 
Gross benefits received
 
 
615
 
 
562
 
Net benefit obligation - end of period
 
$
13,196
 
$
11,514
 
 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS:
 
 
 
 
 
 
 
Fair value of plan assets - beginning of period
 
$
8,737
 
$
8,094
 
Employer contributions
 
 
868
 
 
685
 
Gross benefits paid
 
 
(615)
 
 
(562)
 
Actual return on plan assets
 
 
858
 
 
520
 
Fair value of plan assets - end of period
 
$
9,848
 
$
8,737
 
 
 
 
 
 
 
 
 
Funded Status at end of year
 
$
(3,348)
 
$
(2,777)
 
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
 
 
March 1, 2014
 
 
March 2, 2013
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
COMPONENTS OF NET PERIODIC COST:
 
 
 
 
 
 
 
 
Interest cost
 
$
611
 
 
$
556
 
Loss of assets
 
 
(858)
 
 
 
(520)
 
Amortization of loss
 
 
597
 
 
 
204
 
Net periodic cost
 
$
350
 
 
$
240
 
 
 
 
 
 
 
 
 
 
WEIGHTED-AVERAGE ASSUMPTION USED:
 
 
 
 
 
 
 
 
Discount rate
 
 
5.0
%
 
 
5.0
%
Rate of compensation increase
 
 
0.0
%
 
 
0.0
%
Schedule of Expected Benefit Payments [Table Text Block]
As of March 1, 2014 the benefits expected to be paid in the next five fiscal years and in the aggregate for the five fiscal years thereafter are as follows (in thousands):
 
Year
 
Amount
 
 
 
 
 
 
2014
 
$
630
 
2015
 
 
364
 
2016
 
 
498
 
2017
 
 
327
 
2018
 
 
828
 
2019-2023
 
 
3,282
 
Schedule Of Level One Defined Benefit Plan Assets Roll Forward [Table Text Block]
The fair values and asset allocation of the Company’s plan assets as of March 1, 2014 and the target allocation for fiscal 2014, by asset category, are presented in the following table (in thousands). All fair values are based on quoted prices in active markets for identical assets (Level 1 in the fair value hierarchy).
 
 
 
 
 
 
 
 
% of Plan
 
Asset Category
 
Asset Allocation
 
Fair Value
 
Assets
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and equivalents
 
0% to 10%
 
$
295
 
 
3
%
Equity Securities
 
30% to 50%
 
 
4,333
 
 
44
%
Fixed Income Securities
 
35% to 55%
 
 
4,333
 
 
44
%
Alternative Investments
 
5% to 25%
 
 
887
 
 
9
%
Total
 
 
 
$
9,848
 
 
100
%