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Note 1 - Consolidated Financial Statements
6 Months Ended
Aug. 26, 2018
Notes to Financial Statements  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
1.
  CONSOLIDATED FINANCIAL STATEMENTS
 
The Condensed Consolidated Balance Sheet as of
August 26, 2018,
the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Earnings for the
13
weeks and
26
weeks ended
August 26, 2018
and
August 27, 2017
and the Condensed Consolidated Statements of Cash Flows for the
26
weeks then ended have been prepared by Park Electrochemical Corp. (the “Company”), without audit. In the opinion of management, these unaudited consolidated financial statements contain all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position at
August 26, 2018
and the results of operations and cash flows for all periods presented. The Consolidated Statements of Operations are
not
necessarily indicative of the results to be expected for the full fiscal year or any subsequent interim period.
 
Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form
10
-K for the fiscal year ended
February 25, 2018.
There have been
no
significant changes to such accounting policies during the
26
weeks ended
August 26, 2018.
 
On
July 25, 2018,
the Company entered into a definitive agreement to sell its Electronics Business for
$145,000
in cash. The Company expects this transaction to be completed in the
fourth
quarter of the
2019
fiscal year.
 
The Company has classified the operating results of its Electronics Business, together with certain costs related to the transaction, as discontinued operations, net of tax, in the Consolidated Statement of Operations, in accordance with Accounting Standards Codification (“ASC”)
205
-
20
Discontinued Operations.