Income Taxes (Tables)

12 Months Ended

Feb. 28, 2013

Income (Loss) from Continuing Operations Before Income Taxes

Income (loss) from continuing operations before income taxes was as follows:

(in thousands)	Fiscal 2013		Fiscal 2012			Fiscal 2011
United States	$	12,282	$	13,778		$	12,900
Foreign		327		(227	)		(532	)
	$	12,609	$	13,551		$	12,368

Components of Provision (Benefit) for Income Taxes

The components of the provision (benefit) for income taxes and reconciliation between the statutory rate for federal income taxes and the effective tax rate are summarized and presented below.

(in thousands)	Fiscal 2013			Fiscal 2012			Fiscal 2011
Tax Provision (Benefit)
Current:
Federal	$	(85	)	$	(817	)	$	(32	)
State		(126	)		853			341
Foreign		64			(128	)		15
		(147	)		(92	)		324
Deferred:
Federal		4,091			(9,530	)		—
State		(317	)		(1,565	)		—
Foreign		(12	)		(3,729	)		—
		3,762			(14,824	)		—
Tax Provision (Benefit)	$	3,615		$	(14,916	)	$	324

Tax Rate Reconciliation

(in thousands)	Fiscal 2013			Fiscal 2012			Fiscal 2011
Tax Rate Reconciliation
Tax Provision (Benefit) at Federal Statutory Rate	$	4,413		$	4,743		$	4,329
State and Local Taxes, Net of Federal Tax Benefit		172			525			521
Effect of Changes in Tax Rates		(41	)		(76	)		(88	)
Change in Unrecognized Tax Benefits		(562	)		(1,029	)		(96	)
Valuation Allowance		—			(18,807	)		(4,398	)
Research and Development Credit		(106	)		(22	)		(79	)
Manufacturing Deduction		(80	)		(440	)		—
Other, Net		(181	)		190			135
Tax Provision (Benefit) at Effective Income Tax Rate	$	3,615		$	(14,916	)	$	324

Temporary Differences That Give Rises to Deferred Tax Assets and Liabilities

Temporary differences that give rise to deferred tax assets and (liabilities) were as follows:

(in thousands)	Fiscal 2013			Fiscal 2012
Reserves Not Deductible Until Paid	$	1,145		$	1,270
Employee Benefit Liabilities		5,859			6,257
Net Operating Loss and Tax Credit Carryforwards		5,011			4,855
Property and Equipment		1,539			5,088
Other		351			434
Total Gross Deferred Tax Asset	$	13,905		$	17,904
Valuation Allowance		(567	)		(567	)
Total Net Deferred Tax Assets	$	13,338		$	17,337

Reconciliation of Beginning and Ending Balances of Total Amounts of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in millions):

	Fiscal 2013			Fiscal 2012			Fiscal 2011
Gross unrecognized tax benefits at beginning of year	$	1.1		$	2.2		$	2.5
Decreases in tax positions for prior years		(0.2	)		(0.1	)		(0.2	)
Lapse in statute of limitations		(0.4	)		(1.0	)		(0.1	)
Gross unrecognized tax benefits at end of year	$	0.5		$	1.1		$	2.2