Note 15 - Subsequent Event

12 Months Ended

Feb. 26, 2017

Notes to Financial Statements

Subsequent Events [Text Block]

1 5 . SUBSEQUENT EVENT

On

April

18,

2017,

the Company announced the consolidation of its Nelco Products, Inc. subsidiary located in Fullerton, California and its Neltec, Inc. subsidiary located in Tempe, Arizona. The consolidation is expected to take

four

to

six

months to complete. When complete, all business functions will be performed at Neltec in Tempe, Arizona and certain manufacturing operations will be combined and performed at Neltec.

Park expects to incur a pre-tax charge in connection with the consolidation of approximately

$5,000

to

$5,500.

This charge is expected to be incurred primarily during the

first

nine

months of the fiscal year ending

February

25,

2018.

In addition to this charge, the Company expects to incur duplicative pre-tax costs of

$300

during the same

nine

-month period. When the consolidation is complete, the Company expects an ongoing pre-tax benefit from the consolidation of approximately

$3,000

to

$3,500

per year.