Note 9 - Shareholders' Equity

9 Months Ended

Nov. 27, 2016

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

9. SHAREHOLDERS’ EQUITY

On

January

8,

2015,

the Company announced that its Board of Directors authorized the Company’s purchase, on the open market and in privately negotiated transactions, of up to

1,250,000

shares of its common stock, representing

6%

of the Company’s

20,945,634

total outstanding shares as of the close of business on

January

7,

2015.

This authorization supersedes all prior Board of Directors’ authorizations to purchase shares of the Company’s common stock.

On

March

10,

2016,

the Company announced that its Board of Directors authorized the Company’s purchase, on the open market and in privately negotiated transactions, of up to

1,000,000

additional shares of its common stock, in addition to the unused prior authorization to purchase shares of the Company’s common stock announced on

January

8,

2015.

As a result, the Company is authorized to purchase up to a total of

1,531,412

shares of its common stock, representing approximately

7.6%

of the Company’s

20,234,671

total outstanding shares as of the close of business on

October

3,

2016.

The Company did

not

purchase any shares of its common stock during the

39

weeks ended

November

27,

2016

and purchased

444,834

shares during the

39

weeks ended

November

29,

2015.