Note 9 - Income Taxes

6 Months Ended

Aug. 26, 2018

Notes to Financial Statements

Income Tax Disclosure [Text Block]

9

.

INCOME TAXES

The Company’s effective tax rates for the

13

weeks and

26

weeks ended

August 26, 2018

were negative

31.6%

and negative

6.6%,

respectively, compared to

23.0%

and

23.2%,

respectively, for the

13

weeks and

26

weeks ended

August 27, 2017.

The negative effective tax rates were due to a tax benefit of

$788

related to clarifying regulations pertaining to the Tax Cuts and Job Act enacted in

December 2017.

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

$6,250,

$135,300

and

$6,800

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

2019,

2018

and

2017

fiscal years, respectively.