Note 15 - Customer and Supplier Concentrations

12 Months Ended

Mar. 01, 2020

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

1 5 . Customer and Supplier Concentrations

As a result of the sale of the Electronics Business, the Company now operates in a single segment. As such, segment reporting is

no

longer provided.

Customers

– Net sales to affiliate and non-affiliate subtier suppliers of General Electric Company were

48.2%,

42.8%

and

30.5%

of the Company’s total worldwide sales in the

2020,

2019

and

2018

fiscal years, respectively.  Net sales to AAE Aerospace were

10.6%

of the Company’s total worldwide sales in the

2018

fiscal year.

While

no

other customer accounted for

10%

or more of the Company's total worldwide net sales in the

2020,

2019

or

2018

fiscal years, the loss of a major customer or of a group of customers could have a material adverse effect on the Company's business or consolidated results of operations or financial position.

Sources of Supply

– The principal materials used in the manufacture of the Company's advanced composite materials, aerospace grade reinforcements, thermoset resins and base chemicals. Although there is a limited number of qualified suppliers of these materials, the Company has nevertheless identified alternate sources of supply for many of such materials. While the Company has

not

experienced significant problems in the delivery of these materials and considers its relationships with its suppliers to be strong, a disruption of the supply of material from a principal supplier could adversely affect the Company's business. Furthermore, substitutes for these materials are

not

readily available, and an inability to obtain essential materials, if prolonged, could materially adversely affect the Company’s business.