Note 4 - Income Taxes (Tables)

12 Months Ended

Mar. 01, 2020

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Fiscal Year
	2020			2019			2018
Current:
Federal	$	2,556		$	1,776		$	22,968
State and local		40			164			51
Foreign		383			258			481
		2,979			2,198			23,500
Deferred:
Federal		899			(71	)		(41,624	)
State and local		(12	)		(362	)		(21	)
Foreign		-			26			(17	)
		887			(407	)		(41,662	)
	$	3,866		$	1,791		$	(18,162	)

Schedule of Components of Income Tax Expense (Benefit), Discontinued Operation [Table Text Block]

	Fiscal Year
	2020			2019			2018
Current:
Federal	$	(183	)	$	11,198		$	(1,400	)
State and local		(15	)		1,455			168
Foreign		-			1,397			327
		(198	)		14,050			(905	)
Deferred:
Federal		-			686			(430	)
State and local		(38	)		564			(31	)
Foreign		-			(617	)		63
		(38	)		633			(398	)
	$	(236	)	$	14,683		$	(1,303	)

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Fiscal Year
	2020		2019		2018
United States	$	11,676	$	6,661	$	(652	)
Foreign		2,395		1,436		962
Earnings before income taxes	$	14,071	$	8,097	$	310

	Fiscal Year
	2020			2019		2018
United States	$	(887	)	$	7,485	$	(7,512	)
Foreign		-			114,437		8,332
(Loss) earnings before income taxes	$	(887	)	$	121,922	$	820

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal Year
	2020			2019			2018
Statutory U.S. Federal tax rate		21.0	%		21.0	%		32.9	%
State and local taxes, net of		0.1	%		1.6	%		(41.4	%)
Federal benefit
Foreign tax rate differentials		(0.6	%)		(0.8	%)		(117.6	%)
Valuation allowance on deferred tax assets		(0.1	%)		(2.8	%)		-
Adjustment on tax accruals		(17.6	%)		2.9	%		56.8	%
ASC 740-10 change		23.5	%		0.4	%		104.7	%
Foreign tax credits		(2.7	%)		(3.2	%)		(118.0	%)
U.S. Tax Reform		-			-			(5,944.2	%)
Subpart F		4.0	%		4.0	%		281.1	%
Permanent differences and other		(0.1	%)		(1.0	%)		(104.0	%)
		27.5	%		22.1	%		(5,849.7	%)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	March 3,			February 25,
	2020			2019
Deferred tax assets:
Net operating loss carryforwards	$	2,608		$	2,709
Tax credits carryforward		621			135
Stock options		1,120			1,206
Other, net		478			574
		4,827			4,624
Valuation allowance on deferred tax assets		(3,175	)		(2,755	)
Total deferred tax assets, net of valuation allowance		1,652			1,869
Deferred tax liabilities:
Depreciation		(1,743	)		(1,368	)
Undistributed earnings		(2	)		(333	)
Other		(699	)		(154	)
Total deferred tax liabilities		(2,444	)		(1,855	)
Net deferred tax asset (liability)	$	(792	)	$	14

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Unrecognized Tax Benefits
	March 1,			March 3,			February 25,
	2020			2019			2018
Balance, beginning of year	$	937		$	314		$	-
Tax positions - Discontinued Ops in prior period		-			187			-
Gross decreases - tax positions in prior period		(32	)		(256	)		-
Gross increases - current period tax positions		3,259			784			314
Audit settlements		-			(92	)		-
Balance, end of year	$	4,164		$	937		$	314

	Unrecognized Tax Benefits
	March 1,		March 3,			February 25,
	2020		2019			2018
Balance, beginning of year	$	-	$	187		$	1,024
Tax positions - Discontinued Ops in prior period		-		(187	)		-
Gross decreases - tax positions in prior period		-		-			(688	)
Gross increases - current period tax positions		-		-			6
Lapse of statute of limitations		-		-			(155	)
Balance, end of year	$	-	$	-		$	187

Summary of Income Tax Examinations [Table Text Block]

U.S. Federal	2018	-	2020
California	2017	-	2020
New York	2018	-	2020
France	2017	-	2020
Singapore	2016	-	2020