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Restructuring Charges
3 Months Ended
May 27, 2012
Restructuring Charges [Abstract]  
Restructuring Charges

7. RESTRUCTURING CHARGES

During the 2012 fiscal year fourth quarter, the Company recorded a pre-tax charge of $1,250 related to the closing of the Company's Park Advanced Composite Materials, Inc. business unit located in Waterbury, Connecticut. The charge for closing the business unit included a non-cash asset impairment of $928. As a result of the closing, the Company expects to record total pre-tax restructuring charges of $2,400. During the 13 weeks ended May 27, 2012, the Company recorded $11 of such charges, and the Company expects to record the remaining $1,139 during the remainder of the 2013 fiscal year. The liabilities recorded at May 27, 2012 and February 26, 2012 were $311 and $322, respectively. The Company paid $11 of such charges in the 13 weeks ended May 27, 2012 and expects to pay the remaining $1,450 during the 2013 fiscal year.

As of February 26, 2012, the Company had remaining obligations and potential liabilities in the aggregate amount of $1,187 related to the closure of the Neltec Europe SAS printed circuit materials business unit. The Company paid $34 of these obligations in the 13 weeks ended May 27, 2012 and expects to settle the remaining $1,153 during the 2013 fiscal year.

During the 2004 fiscal year, the Company recorded charges related to the realignment of its North American volume printed circuit materials operations. The charges were for employment termination benefits of $1,258, which were fully paid in fiscal year 2004, and lease and other obligations of $7,292. All costs other than the lease obligations were settled prior to fiscal year 2007. The future lease obligations are payable through September 2013. The remaining balances on the lease obligations relating to the realignment were $327 and $434 as of May 27, 2012 and February 26, 2012, respectively. For the 13 weeks ended May 27, 2012, the Company applied $107 of lease payments against such lease obligations.