XML 365 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Loss On Restaurant Assets
12 Months Ended
Feb. 26, 2012
Other Assets Disclosure [Text Block]
NOTE 2.  LOSS ON RESTAURANT ASSETS

The Company had a loss on restaurant assets of $766,000 in fiscal 2012 compared to a loss of $841,000 in fiscal 2011.  The fiscal 2012 loss consisted of $93,000 related to the permanent closure of 15 restaurant locations, $229,000 change in reserve for the disposal of four permanently closed leased restaurant locations, $187,000 of closed unit expenses, $255,000 reduction of assets held for sale values of four locations, $66,000 of goodwill write offs related to the sale of one restaurant location, $25,000 reductions in the value of assets related to the restaurant closed April 2012 (see Subsequent Events for further discussion), slightly offset by a gain of $111,000 for the sale of one restaurant location.  The fiscal 2011 loss consisted of $406,000 of tangible asset impairment consisting primarily of reductions in the value of assets related to the restaurants closed April of 2011, a $125,000 reduction in the value of assets held for sale, $152,000 of loss related to the permanent closing of three restaurants and $89,000 of goodwill write offs related to the sale of three restaurant locations.