XML 38 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9
PENSION AND PROFIT SHARING PLANS (Tables)
12 Months Ended
Feb. 28, 2015
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:
 
 
 
February 28, 2015
 
March 1, 2014
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
CHANGE IN BENEFIT OBLIGATION:
 
 
 
 
 
 
 
Net benefit obligation - beginning of period
 
$
13,196
 
$
11,514
 
Interest cost
 
 
642
 
 
611
 
Actuarial loss
 
 
123
 
 
1,686
 
Gross benefits paid
 
 
(628)
 
 
(615)
 
Net benefit obligation - end of period
 
$
13,333
 
$
13,196
 
 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS:
 
 
 
 
 
 
 
Fair value of plan assets - beginning of period
 
$
9,848
 
$
8,737
 
Employer contributions
 
 
655
 
 
868
 
Gross benefits paid
 
 
(628)
 
 
(615)
 
Actual return on plan assets
 
 
548
 
 
858
 
Fair value of plan assets - end of period
 
$
10,423
 
$
9,848
 
 
 
 
 
 
 
 
 
Funded status at end of year
 
$
(2,910)
 
$
(3,348)
 
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
The pension expense includes the following components:
 
 
 
February 28, 2015
 
March 1, 2014
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
COMPONENTS OF NET PERIODIC COST:
 
 
 
 
 
 
 
Interest cost
 
$
642
 
$
611
 
Loss of assets
 
 
(548)
 
 
(858)
 
Amortization of loss
 
 
144
 
 
597
 
Net periodic cost
 
$
238
 
$
350
 
 
 
 
 
 
 
 
 
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 February 28, 2015 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
 
 
 
 
 
 
2016
 
$
955
 
2017
 
 
812
 
2018
 
 
1,144
 
2019
 
 
948
 
2020
 
 
871
 
2021-2025
 
 
3,491
 
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 February 28, 2015 and the target allocation for fiscal 2015, 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%
 
$
353
 
 
3
%
Equity securities
 
30% to 50%
 
 
4,480
 
 
43
%
Fixed income securities
 
35% to 55%
 
 
4,676
 
 
45
%
Alternative investments
 
5% to 25%
 
 
914
 
 
9
%
Total
 
 
 
$
10,423
 
 
100
%