Note 6 - Shareholders' Equity

12 Months Ended

Feb. 26, 2023

Notes to Financial Statements

Equity [Text Block]

6. SHAREHOLDERS’ EQUITY

Treasury Stock – On May 18, 2022, the Company’s Board of Directors authorized the Company’s purchase, on the open market and in privately negotiated transactions, of up to 1,500,000 shares of its Common Stock. This represents approximately 7% of the Company’s 20,458,210 total outstanding shares as of the close of business on May 18, 2022. This authorization supersedes any unused prior Board of Directors’ authorizations to purchase shares of the Company’s Common Stock.  As of February 26, 2023, the Company had not purchased any shares of the Company’s Common stock pursuant to the above authorization.

Reserved Common Shares – At February 26, 2023, 1,036,025 shares of common stock were reserved for issuance upon exercise of stock options.

Accumulated Other Comprehensive Earnings (Loss) – Accumulated balances related to each component of other comprehensive earnings were as follows:

	February 26, 2023			February 27, 2022
Unrealized losses on investments, net of taxes of $2,279 and $1,629, respectively	$	(4,244	)	$	(1,965	)
Accumulated balance	$	(4,244	)	$	(1,965	)