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Other Balance Sheet Data
12 Months Ended
Mar. 03, 2013
Other Balance Sheet Data [Abstract]  
Other Balance Sheet Data

3. OTHER BALANCE SHEET DATA

Other balance sheet data consisted of the following:

         
    March 3,   February 26,
    2013   2012
 
Inventories:        
Raw materials $ 6,639 $ 8,774
Work-in-process   2,870   2,632
Finished goods   3,213   4,097
Manufacturing supplies   196   320
  $ 12,918 $ 15,823
 
Property, plant and equipment:        
Land, buildings and improvements $ 39,517 $ 41,169
Machinery, equipment, furniture and fixtures   131,950   135,130
    171,467   176,299
Less accumulated depreciation and amortization   139,280   137,604
  $ 32,187 $ 38,695
 
Goodwill and other intangible assets:        
Goodwill $ 9,776 $ 7,576
Other intangibles   78   85
  $ 9,854 $ 7,661
 
Accrued liabilities:        
Payroll and payroll related $ 2,210 $ 2,698
Employee benefits   297   474
Workers' compensation   687   969
Professional fees   1,002   1,498
Restructuring (Note 9)   304   1,685
Other   1,516   1,492
  $ 6,016 $ 8,816

 

     Property, plant and equipment – The New England Laminates Co., Inc. building in Newburgh, New York is held for sale. In the 2004 fiscal year, the Company reduced the book value of the building to zero, and the Company intends to sell it during the 2014 fiscal year. The Nelco Technology (Zhuhai FTZ) Ltd. building in Zhuhai, China is held for sale with a carrying value of $1,890. The Company ceased depreciating this building during the second quarter of the 2013 fiscal year, and it intends to sell the building during the 2014 fiscal year.

     Goodwill and other intangible assets – In the first quarter of the Company's 2009 fiscal year, the Company's wholly owned subsidiary, Park Aerospace Structures Corp., acquired substantially all the assets and business of Nova Composites, Inc., a manufacturer of aircraft composite parts and assemblies and the tooling for such parts and assemblies, located in Lynnwood, Washington, for a cash purchase price of $4,500 paid at the closing of the acquisition and up to an additional $5,500 payable over five years depending on the achievement of specified earn-out objectives. The Company paid $3,200 of such additional $5,500 over the past three fiscal years but disputed the purchase price, including the earn-out payments, in the 2013 fiscal year first quarter. The Company resolved such dispute and paid an additional $2,200 in the 2013 fiscal year fourth quarter, which was recorded as additional goodwill. The Company expects to pay no additional amounts in connection with such acquisition. Other intangible assets are being amortized over 15 years.