Discontinued Operations and Subsequent Event (Tables)

3 Months Ended

May 27, 2017

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents key financial results of the Company included in “Net loss from discontinued operations, net of tax” for the thirteen weeks endedMay 28, 2016 (in thousands):

Net sales	$	23,471
Cost of sales (including occupancy costs)	16,837
Gross profit	6,634
Selling, general, and administrative expenses	7,350
Impairment charges and store closing costs	35
Loss from discontinued operations before income tax benefit	(751		)
Income tax benefit	289
Net loss from discontinued operations, net of tax	$	(462	)

The following table presents the major classes of assets and liabilities presented as held for sale as of May 28, 2016 related to JackRabbit (in thousands):

ASSETS
Current assets:
Accounts receivable, net	$	943
Merchandise inventories, net	27,582
Other	208
Total current assets	28,733
Property and equipment, net	4,129
Goodwill	44,029
Other assets, net	908
Total assets	$	77,799

LIABILITIES
Current liabilities:
Accounts payable	$	8,309
Employee compensation	874
Accrued property and sales tax	601
Other liabilities and accrued expenses	2,838
Total current liabilities	12,622
Deferred credits from landlords	1,902
Other long-term liabilities	56
Total liabilities	$	14,580