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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
May 28, 2017
May 29, 2016
Net sales $ 27,417,000 $ 31,490,000
Cost of sales 21,095,000 22,703,000
Gross profit 6,322,000 8,787,000
Selling, general and administrative expenses 4,727,000 5,337,000
Restructuring charges (Note 6) 1,361,000 70,000
Earnings from operations 234,000 3,380,000
Interest expense (Note 5) 510,000 333,000
Interest and other income 749,000 378,000
Earnings before income taxes 473,000 3,425,000
Income tax (benefit)/provision (Note 9) (921,000) 475,000
Net earnings $ 1,394,000 $ 2,950,000
Earnings per share (Note 7):    
Basic earnings per share (in dollars per share) $ 0.07 $ 0.15
Basic weighted average shares (in shares) 20,235 20,235
Diluted earnings per share (in dollars per share) $ 0.07 $ 0.15
Diluted weighted average shares (in shares) 20,244 20,235
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10