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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Nov. 29, 2015
Nov. 30, 2014
Nov. 29, 2015
Nov. 30, 2014
Net sales $ 34,323,000 $ 34,679,000 $ 110,099,000 $ 125,845,000
Cost of sales 24,026,000 26,081,000 78,074,000 88,147,000
Gross profit 10,297,000 8,598,000 32,025,000 37,698,000
Selling, general and administrative expenses 5,264,000 5,754,000 16,074,000 18,602,000
Restructuring charges (Note 7) 158,000 636,000 373,000 986,000
Earnings from operations 4,875,000 2,208,000 15,578,000 18,110,000
Interest expense (Note 5) 355,000 361,000 1,080,000 1,074,000
Interest and other income 227,000 222,000 809,000 595,000
Earnings before income taxes 4,747,000 2,069,000 15,307,000 17,631,000
Income tax provision (Note 10) 638,000 38,000 1,852,000 2,429,000
Net earnings $ 4,109,000 $ 2,031,000 $ 13,455,000 $ 15,202,000
Earnings per share (Note 8):        
Basic earnings per share (in dollars per share) $ 0.20 $ 0.10 $ 0.66 $ 0.73
Weighted average common shares outstanding for basic EPS (in shares) 20,253 20,947 20,379 20,917
Diluted earnings per share (in dollars per share) $ 0.20 $ 0.10 $ 0.66 $ 0.72
Diluted weighted average shares (in shares) 20,253 20,989 20,386 21,002
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30