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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 27, 2016
Nov. 29, 2015
Nov. 27, 2016
Nov. 29, 2015
Net sales $ 26,462 $ 34,323 $ 87,010 $ 110,099
Cost of sales 19,828 24,026 64,355 78,074
Gross profit 6,634 10,297 22,655 32,025
Selling, general and administrative expenses 4,604 5,264 15,051 16,074
Restructuring charges (Note 7) 113 158 206 373
Earnings from operations 1,917 4,875 7,398 15,578
Interest expense (Note 5) 343 355 1,010 1,080
Interest and other income 430 227 1,177 809
Earnings before income taxes 2,004 4,747 7,565 15,307
Income tax provision (Note 10) 129 638 759 1,852
Net earnings $ 1,875 $ 4,109 $ 6,806 $ 13,455
Earnings per share (Note 8):        
Basic earnings per share (in dollars per share) $ 0.09 $ 0.20 $ 0.34 $ 0.66
Weighted average common shares outstanding for basic EPS (in shares) 20,235 20,253 20,235 20,379
Diluted earnings per share (in dollars per share) $ 0.09 $ 0.20 $ 0.34 $ 0.66
Diluted weighted average shares (in shares) 20,235 20,253 20,235 20,386
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30