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Restructuring Charges
3 Months Ended
Jun. 02, 2013
Restructuring Charges [Abstract]  
Restructuring Charges

6. RESTRUCTURING CHARGES

During the 2013 fiscal year, the Company recorded restructuring charges of $2,730 related to the closure of the Company's Nelco Technology (Zhuhai FTZ) Ltd. business unit located in Zhuhai, China. The charges included a non-cash asset impairment charge of $3,620 and were net of the recapture of a non-cash cumulative currency translation adjustment of $1,465. The reclassification of the non-cash cumulative currency translation adjustment was included in exchange rate changes in the Consolidated Statements of Comprehensive Income. The Company has a building with a carrying value of $1,890 which is held for sale at its Nelco Technology (Zhuhai FTZ) Ltd. business unit. The Company ceased depreciating this building during the 2013 fiscal year second quarter and expects to sell the building in the 2014 fiscal year second or third quarter. During the 13 weeks ended June 2, 2013, the Company recorded $200 of additional pre-tax charges related to such closure. The Company paid $91 of such charges during the 13 weeks ended June 2, 2013 and expects to record no significant additional charges in connection with such closure.

In the 2012 fiscal year fourth quarter, the Company recorded a pre-tax charge of $1,250 related to the closure of the Company's Park Advanced Composite Materials, Inc. business unit located in Waterbury, Connecticut. The charge for such closure included a non-cash asset impairment charge of $928. As a result of such closure, the Company recorded $820 of additional pre-tax charges during the 2013 fiscal year. The Company paid $1,091 and $15 of such charges during the 2013 fiscal year and the 13 weeks ended June 2, 2013, respectively. The Company does not expect to record significant additional charges resulting from such closure.

As of March 3, 2013, the Company had remaining obligations and potential liabilities in the aggregate amount of $207 related to the closure, in January of 2009, of the Neltec Europe SAS printed circuit materials business unit. The Company paid $127 of these obligations in the 13 weeks ended June 2, 2013 and expects to settle the remaining $80 during the 2014 fiscal year.