Selected Quarterly Results of Operations (Unaudited)

12 Months Ended

Feb. 28, 2013

Selected Quarterly Results of Operations (Unaudited)

Note 13: Selected Quarterly Results of Operations (Unaudited)

The table presented below is a summary of quarterly data for the years ended February 28, 2013 and February 29, 2012.

(in thousands except per share amounts) 2013	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Fiscal Year
Net Sales	$	34,834	$	29,927	$	30,387	$	25,859	$	121,007
Gross Profit		8,555		6,553		7,238		6,168		28,514
Income From Operations(1)		3,097		4,784		2,289		1,536		11,706
Total Other Income, Net		329		387		107		80		903
Net Income	$	2,218	$	3,253	$	2,171	$	1,352	$	8,994
Basic Net Income Per Share(3)	$	0.21	$	0.31	$	0.21	$	0.13	$	0.87
Diluted Net Income Per Share(3)	$	0.21	$	0.31	$	0.21	$	0.13	$	0.86
2012
Net Sales	$	36,036	$	34,417	$	34,009	$	32,272	$	136,734
Gross Profit		9,522		7,651		9,307		7,188		33,668
Income From Operations(2)		3,972		2,580		3,693		1,723		11,968
Total Other Income, Net		447		436		461		239		1,583
Net Income	$	4,157	$	3,021	$	3,726	$	17,563	$	28,467
Basic Net Income Per Share(3)	$	0.33	$	0.26	$	0.35	$	1.65	$	2.51
Diluted Net Income Per Share(3)	$	0.33	$	0.26	$	0.34	$	1.67	$	2.49

(1) Income from operations in the second quarter of fiscal 2013 included a gain on sale of $3.2 million as discussed in Note 18, “Sale of Elk Grove Village Building.”

(2) Income from operations in the second and fourth quarters of fiscal 2012 included charges of $0.3 million and $0.3 million related to employee termination benefit expenses as discussed in Note 14, “Restructuring.”

(3) The sum of the four quarters is not necessarily the same as the total for the year.