XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Nov. 25, 2018
Nov. 26, 2017
Nov. 25, 2018
Nov. 26, 2017
Net sales $ 12,853,000 $ 10,229,000 $ 34,457,000 $ 30,310,000
Cost of sales 8,569,000 7,264,000 24,176,000 21,840,000
Gross profit 4,284,000 2,965,000 10,281,000 8,470,000
Selling, general and administrative expenses 1,983,000 2,509,000 6,200,000 7,189,000
Earnings from continuing operations 2,301,000 456,000 4,081,000 1,281,000
Interest expense (Note 5) 0 689,000 0 1,802,000
Interest and other income 393,000 734,000 1,090,000 2,234,000
Earnings from continuing operations before income taxes 2,694,000 501,000 5,171,000 1,713,000
Income tax provision (Note 9) 616,000 157,000 453,000 438,000
Net earnings from continuing operations 2,078,000 344,000 4,718,000 1,275,000
Earnings from discontinued operations, net of tax (Note 10) 1,613,000 372,000 4,841,000 1,355,000
Net Earnings $ 3,691,000 $ 716,000 $ 9,559,000 $ 2,630,000
Basic:        
Continuing Operations (in dollars per share) $ 0.10 $ 0.02 $ 0.23 $ 0.06
Discontinued Operations (in dollars per share) 0.08 0.02 0.24 0.07
Basic earnings per share (in dollars per share) $ 0.18 $ 0.04 $ 0.47 $ 0.13
Basic weighted average shares (in shares) 20,278 20,237 20,258 20,236
Diluted:        
Continuing Operations (in dollars per share) $ 0.10 $ 0.02 $ 0.23 $ 0.06
Discontinued Operations (in dollars per share) 0.08 0.02 0.24 0.07
Diluted earnings per share (in dollars per share) $ 0.18 $ 0.04 $ 0.47 $ 0.13
Diluted weighted average shares (in shares) 20,352 20,261 20,343 20,252
Common Stock, Dividends, Per Share, Declared $ 0.10 $ 0.10 $ 0.30 $ 0.30