Composition of Certain Balance Sheet Accounts

6 Months Ended

Aug. 31, 2011

The Consolidated Financial Statements Have Been Prepared by the Company and are Unaudited/Composition of Certain Balance Sheet Accounts [Abstract]

Composition of Certain Balance Sheet Accounts

D. Composition of Certain Balance Sheet Accounts

     The composition of accounts receivable, net of reserves, is as follows:

	August 31,		February 28,
	2011		2011
	(In thousands)
Due from factor	$	3,905	$	3,405
Accounts receivable, other		108		(621	)
	$	4,013	$	2,784

     Substantially all of the credit risk associated with the assigned invoices remained with the Company as of August 31, 2011. Accounts receivable, other includes reserves for subsequent sales return and allowances for bad debt—including reserves associated with certain invoices assigned to the factor.

     Approximately 21% of the Company’s net sales were from two customers during the six months ended August 31, 2011 and approximately 23% of the Company’s net sales were from those customers during the six months ended August 31, 2010. Included in accounts receivable at August 31, 2011 and 2010 were approximately $1.0 million and $2.3 million, respectively, due from these customers.

     The composition of inventories is as follows:

	August 31,		February 28,
	2011		2011
	(In thousands)
Raw materials	$	2,399	$	2,264
Work-in-process		1,607		1,624
Finished goods		3,008		2,150
	$	7,014	$	6,038

     Intangible assets were a result of an acquisition that occurred on December 1, 2004 and included the following assets:

	Amortization		August 31, 2011							February 28, 2011
	Periods		Gross Carrying		Accumulated			Net Book		Gross Carrying		Accumulated			Net Book
	(In Years)		Amount		Amortization			Value		Amount		Amortization			Value
	(In thousands)
Trademarks		7-15	$	424	$	(343	)	$	81	$	424	$	(326	)	$	98
Completed technologies		12		1,620		(911	)		709		1,620		(843	)		777
Total			$	2,044	$	(1,254	)	$	790	$	2,044	$	(1,169	)	$	875

     The changes in the carrying amount of acquisition-related intangible assets for the six months ended August 31, 2011, are as follows:

	Amortizing
	Intangible Assets
	(In thousands)
Balance, net, February 28, 2011	$	875
Amortization		(85	)
Balance, net, August 31, 2011	$	790

     Amortization of acquisition-related intangible assets over the next five fiscal years is estimated as follows:

Fiscal Year	Amounts
	(In thousands)
2012	$	86
2013		171
2014		162
2015		135
2016		135
Thereafter		101
Total	$	790

     The composition of property and equipment is as follows:

	August 31,			February 28,
	2011			2011
	(In thousands)
Molds and dies	$	7,376		$	7,357
Machinery and equipment		4,483			4,482
Furniture and fixtures		251			251
Autos and trucks		199			199
Leasehold improvements		139			139
		12,448			12,428
Less accumulated depreciation and amortization		(12,255	)		(12,171	)
	$	193		$	257

     Since certain of the Company’s machinery and equipment is old and fully depreciated, it is possible that certain of the Company’s machinery and equipment could require replacement in the near future.