Note 5 - Long-term Debt

9 Months Ended

Nov. 25, 2018

Notes to Financial Statements

Debt Disclosure [Text Block]

5

.

LONG-TERM DEBT

On

January 15, 2016,

the Company entered into a

three

-year revolving credit facility agreement (the “Credit Agreement”) with HSBC Bank USA, National Association (“HSBC Bank”). The Credit Agreement provided for loans up to

$75,000

and letters of credit up to

$2,000.

On

January 3, 2018,

in connection with the Company’s voluntary prepayment of the entire loan balance, the Company terminated the Credit Agreement. The prepayment was made with the Company’s cash and cash equivalents, marketable securities and restricted cash.

Interest expense recorded under the Credit Agreement was

$0

during the

13

-week and

39

-week periods ended

November 25, 2018

and

$689

and

$1,802

during the

13

-week and

39

-week periods ended

November 26, 2017,

respectively.