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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Aug. 26, 2018
Aug. 27, 2017
Aug. 26, 2018
Aug. 27, 2017
Net sales $ 11,211,000 $ 11,355,000 $ 21,604,000 $ 20,081,000
Cost of sales 8,066,000 8,147,000 15,607,000 14,576,000
Gross profit 3,145,000 3,208,000 5,997,000 5,505,000
Selling, general and administrative expenses 2,116,000 2,240,000 4,217,000 4,680,000
Earnings from continuing operations 1,029,000 968,000 1,780,000 825,000
Interest expense (Note 5) 0 603,000 0 1,113,000
Interest and other income 357,000 751,000 697,000 1,500,000
Earnings from continuing operations before income taxes 1,386,000 1,116,000 2,477,000 1,212,000
Income tax (benefit) provision (Note 9) (438,000) 257,000 (163,000) 281,000
Net earnings from continuing operations 1,824,000 859,000 2,640,000 931,000
Earnings (Loss) from discontinued operations, net of tax (Note 10) 876,000 (339,000) 3,228,000 983,000
Net Earnings $ 2,700,000 $ 520,000 $ 5,868,000 $ 1,914,000
Basic:        
Continuing Operations (in dollars per share) $ 0.09 $ 0.04 $ 0.13 $ 0.04
Discontinued Operations (in dollars per share) 0.04 (0.01) 0.16 0.05
Basic earnings per share (in dollars per share) $ 0.13 $ 0.03 $ 0.29 $ 0.09
Basic weighted average shares (in shares) 20,253 20,236 20,248 20,236
Diluted:        
Continuing Operations (in dollars per share) $ 0.09 $ 0.04 $ 0.13 $ 0.04
Discontinued Operations (in dollars per share) 0.04 (0.01) 0.16 0.05
Diluted earnings per share (in dollars per share) $ 0.13 $ 0.03 $ 0.29 $ 0.09
Diluted weighted average shares (in shares) 20,382 20,250 20,339 20,247
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20