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Note 15 - Information of Business Segments
 12 Months Ended
Feb. 25, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
1
5
.
INFORMATION ON BUSINESS SEGMENTS
 
The Company operates in
two
business segments: Aerospace and Electronics. As reviewed by the Company’s chief operating decision maker, the Company evaluates the performance of each segment based on operating income.  Operating income for each business segment includes corporate expenses that are directly allocable to such segment and the Company allocates depreciation and amortization directly to each segment.  Accounts receivable, inventory, property and equipment, goodwill and intangible assets are the primary assets identified by segment. The accounting policies for segment reporting are the same for the Company as a whole and transactions between the
two
operating segments are
not
material.
 
Aerospace -
Aerospace designs, develops and manufactures advanced composite materials, primary and secondary structures and assemblies and low-volume tooling for the aerospace markets.
 
Electronic
s -
designs, develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure, enterprise and military/aerospace markets.
 
Selected Financial Data by Business Segment:
 
   
Fiscal Year Ended
  
   
February 25,
    
February 26,
    
February 28,
  
   
2018
    
2017
    
2016
  
Net Sales:
  
 
 
 
  
 
 
 
  
 
 
 
Electronics
   $
70,966
     $
82,517
     $
107,009
  
Aerospace
    
40,230
      
32,092
      
38,846
  
Total Sales
  
 
111,196
   
 
114,609
   
 
145,855
 
                         
Segment Operating Income:
  
 
 
 
  
 
 
 
  
 
 
 
Electronics
   $
8,171
     $
14,020
     $
25,573
  
Aerospace
    
10,229
      
6,893
      
7,358
  
Total Segment Operating Income
  
 
18,400
   
 
20,913
   
 
32,931
 
                         
Corporate and Other Expenses
    
(7,113
 )    
(7,301
 )    
(7,832
 )
Depreciation - Electronics
    
(1,091
 )    
(1,413
 )    
(1,635
 )
Depreciation - Aerospace
    
(1,764
 )    
(1,751
 )    
(1,745
 )
Depreciation - Other
    
(104
 )    
(146
 )    
(178
 )
Non-recurring Costs - Electronics
    
(4,781
 )    
-
      
-
  
Non-recurring Costs - Other
    
(2,967
 )    
(313
 )    
(827
 )
Net Interest Income (Expense)
    
550
      
272
      
(216
 )
   
 
(17,270
)
  
 
(10,652
)
  
 
(12,433
)
                         
Income Before Income Taxes
  
$
1,130
   
$
10,261
   
$
20,498
 
 
 
 
(Amounts in thousands)  
Fiscal Year Ended
  
   
February 25, 2018
    
February 26, 2017
  
                 
Total Assets
  
 
 
 
  
 
 
 
Electronics
   $
28,062
     $
29,561
  
Aerospace
    
29,828
      
27,988
  
Corporate
    
111,133
      
251,029
  
Total Assets
  
$
169,023
   
$
308,578