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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
May 28, 2023
Feb. 26, 2023
[1]
Current assets:    
Cash and cash equivalents $ 5,836 $ 4,237
Marketable securities (Note 3) 75,269 101,203
Accounts receivable, less allowance for doubtful accounts of $124 and $120, respectively 11,600 9,989
Inventories (Note 4) 7,911 6,768
Prepaid expenses and other current assets 2,691 2,844
Total current assets 103,307 125,041
Property, plant and equipment, net 24,112 24,251
Operating right-of-use assets (Note 5) 136 150
Goodwill and other intangible assets 9,783 9,783
Other assets 105 108
Total assets 137,443 159,333
Current liabilities:    
Accounts payable 3,859 4,545
Operating lease liability (Note 5) 53 53
Accrued liabilities 1,984 1,346
Dividend Payable 0 20,471
Income taxes payable 3,902 2,171
Total current liabilities 9,798 28,586
Long-term operating lease liability (Note 5) 118 129
Non-current income taxes payable (Note 9) 9,255 10,938
Deferred income taxes (Note 9) 1,996 1,995
Other liabilities 1,782 1,751
Total liabilities 22,949 43,399
Shareholders' equity (Note 8)    
Common stock 2,096 2,096
Additional paid-in capital 170,150 169,932
Accumulated deficit (43,399) (42,694)
Accumulated other comprehensive loss (3,528) (4,244)
Stockholders' Equity, Including Treasury Stock 125,319 125,090
Less treasury stock, at cost 10,825 9,156
Total shareholders' equity 114,494 115,934
Total liabilities and shareholders' equity $ 137,443 $ 159,333
[1] The balance sheet at February 26, 2023 has been derived from the audited consolidated financial statements at that date.