Discontinued Operations (Tables)

6 Months Ended

Aug. 26, 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” (in thousands):

	Thirteen Weeks Ended   August 27, 2016			Twenty-Six Weeks Ended   August 27, 2016
Net sales	$	24,247		$	47,718
Cost of sales (including occupancy costs)	18,482			35,319
Gross profit	5,765			12,399
Selling, general, and administrative expenses	7,713			15,063
Impairment charges and store closing costs	154			189
Loss from discontinued operations before income tax benefit	(2,102		)	(2,853		)
Income tax benefit	820			1,109
Net loss from discontinued operations, net of tax	$	(1,282	)	$	(1,744	)

The following table presents the major classes of assets and liabilities presented as held for sale as of August 27, 2016, related to JackRabbit (in thousands):

ASSETS
Current assets:
Accounts receivable, net	$	1,062
Merchandise inventories, net	25,878
Other	220
Total current assets	27,160
Property and equipment, net	3,992
Goodwill	44,029
Other assets, net	908
Total assets	$	76,089

LIABILITIES
Current liabilities:
Accounts payable	$	10,224
Employee compensation	945
Accrued property and sales tax	625
Other liabilities and accrued expenses	2,397
Total current liabilities	14,191
Deferred credits from landlords	1,980
Other long-term liabilities	39
Total liabilities	$	16,210