Note 15 - Accounting Pronouncements

12 Months Ended

Feb. 26, 2023

Notes to Financial Statements

Accounting Standards Update and Change in Accounting Principle [Text Block]

15.         ACCOUNTING PRONOUNCEMENTS

Recently Issued

In March 2023, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) No. 2023-01, Leases (Topic 842): Common Control Arrangements.  The changes requires all entities to amortize leasehold improvements associated with common control leases over the useful life to the common control group. The amendments in ASU 2023-01 are effective for public business entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted for: (1) public business entities for periods for which financial statements have not yet been issued, and (2) all other entities for periods for which financial statements have not yet been made available for issuance. The adoption of ASU 2023-101 will not have a material impact on the Company’s consolidated financial statements and disclosures.