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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
May 29, 2016
May 31, 2015
Net sales $ 31,490,000 $ 37,829,000
Cost of sales 22,703,000 26,462,000
Gross profit 8,787,000 11,367,000
Selling, general and administrative expenses 5,337,000 5,801,000
Restructuring charges (Note 6) 70,000 124,000
Earnings from operations 3,380,000 5,442,000
Interest expense (Note 5) 333,000 369,000
Interest and other income 378,000 265,000
Earnings before income taxes 3,425,000 5,338,000
Income tax provision (Note 9) 475,000 561,000
Net earnings $ 2,950,000 $ 4,777,000
Earnings per share (Note 7):    
Basic earnings per share (in dollars per share) $ 0.15 $ 0.23
Basic weighted average shares (in shares) 20,235 20,546
Diluted earnings per share (in dollars per share) $ 0.15 $ 0.23
Diluted weighted average shares (in shares) 20,235 20,565
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10