Note 8 - Restructuring Charges

12 Months Ended

Feb. 26, 2017

Restructuring and Related Activities Disclosure [Text Block]

8.	restructuring charges

The Company paid

and

$100

of additional pre-tax restructuring charges during the

2017

and

2016

fiscal years, respectively, related to the closure in the

2013

fiscal year of the Company’s Nelco Technology (Zhuhai FTZ) Ltd. business unit located in Zhuhai, China. The Company sold the Nelco Technology (Zhuhai FTZ) Ltd. building for

$2,026

during the

2016

fiscal year. There was no gain or loss on the sale of the building, since the carrying value of the building was equal to the selling price.

The Company recorded additional restructuring charges of

$313

and

$435

in the

2017

and

2016

fiscal years, respectively, related to the closure in the

2009

fiscal year of the Company’s New England Laminates Co., Inc. business unit located in Newburgh, New York. The New England Laminates Co., Inc. building in Newburgh, New York is held for sale. In the

2004

fiscal year, the Company reduced the book value of the building to

zero,

and the Company intends to sell it during the

2018

fiscal year.

In the

2015

fiscal year, the Company recorded a

$496

charge in connection with cost reduction initiatives in the United States. During the

2016

and

2015

fiscal years, the Company paid

$504

of charges related to such cost reduction initiatives, and there is no remaining liability related to such initiatives.