Note 10 - Income Taxes

3 Months Ended

May 27, 2018

Notes to Financial Statements

Income Tax Disclosure [Text Block]

10

.

INCOME TAXES

The Company’s effective tax rate for the

13

weeks ended

May 27, 2018

was

17.6%

compared to negative

194.3%

for the

13

weeks ended

May 28, 2017.

The effective tax rates for the

13

weeks ended

May 27, 2018

and

May 28, 2017

were lower than the United States Federal income tax rate primarily due to portions of taxable income in jurisdictions with lower effective income tax rates, larger foreign tax incentives and a reversal of a tax reserve of

$688

in the

13

weeks ended

May 28, 2017

related to certain foreign tax credit positions taken in prior years.

The Company continuously evaluates the liquidity and capital requirements of its operations in the United States and of its foreign operations. As a result of such evaluations, the Company repatriated

$5,750,

$135,300

and

$6,800

in cash from the Company’s subsidiary in Singapore in the

2019

fiscal year

first

quarter and in the

2018

and

2017

fiscal years, respectively.