EMPLOYEE RETIREMENT AND DEFERRED COMPENSATION PLANS

12 Months Ended

Feb. 28, 2014

EMPLOYEE RETIREMENT AND DEFERRED COMPENSATION PLANS [Abstract]

EMPLOYEE RETIREMENT AND DEFERRED COMPENSATION PLANS

NOTE 15 - EMPLOYEE RETIREMENT AND DEFERRED COMPENSATION PLANS

     The Company maintains 401(k) employee savings plans in the U.S. and New Zealand in which all employees of these respective countries are eligible to participate. The Company may make matching contributions to the savings plans as authorized by the Board of Directors. The matching contribution in the U.S. savings plan is currently equal to a 100% match of the first 3% of participants' compensation contributed to the plans plus a 50% match of the next 2% contributed by the participants. The New Zealand savings plan provides for matching contributions equal to the first 3% of participants' compensation contributed to the plan. The Company recorded expense for the matching contributions of $733,000, $355,000 and $312,000 in fiscal years 2014, 2013 and 2012, respectively.

The Company also has a non-qualified deferred compensation plan in which certain employees are eligible to participate whereby such employees may defer a portion of their annual base and/or variable compensation until retirement or a date specified by the employee in accordance with the plan. Deferred compensation plan assets and liabilities as of February 28, 2014 were approximately $116,000 and $131,000, respectively, and are included in other assets and other non-current liabilities in the accompanying consolidated balance sheet at that date.