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Note 12 - Information on Business Segments
 3 Months Ended
May 27, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
1
2.
INFORMATION ON BUSINESS SEGMENTS
 
The Company operates in
two
business segments: Aerospace and Electronics. As reviewed by the Company’s chief operating decision maker, the Company evaluates the performance of each segment based on operating income. Operating income for each business segment includes corporate expenses that are directly allocable to such segment, and the Company allocates depreciation and amortization directly to each segment. Accounts receivable, inventory, property and equipment, goodwill and intangible assets are the primary assets identified by segment. The accounting policies for segment reporting are the same for the Company as a whole and transactions between the
two
operating segments are
not
material.
 
Aerospace -
designs, develops and manufactures advanced composite materials, primary and secondary structures and assemblies and low-volume tooling for the aerospace markets.
 
Electronics -
designs, develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure, enterprise and military/aerospace markets.
 
Selected Financial Data by Business Segment:
 
   
13 Weeks Ended
  
   
May 27,
    
May 28,
  
   
2018
    
2017
  
                 
Net Sales:
  
 
 
 
  
 
 
 
Electronics
   $
20,709
     $
18,691
  
Aerospace
    
10,393
      
8,726
  
Total Sales
  
$
31,102
   
$
27,417
 
                 
Segment Operating Income:
  
 
 
 
  
 
 
 
Electronics
   $
3,579
     $
2,399
  
Aerospace
    
2,489
      
2,079
  
Total Segment Operating Income
  
 
6,068
   
 
4,478
 
                 
Corporate and Other Expenses
    
(1,555
 )    
(1,768
 )
Depreciation - Electronics
    
(271
 )    
(286
 )
Depreciation - Aerospace
    
(426
 )    
(439
 )
Depreciation - Other
    
(7
 )    
(15
 )
Non-recurring Costs - Electronics
    
(172
 )    
(1,250
 )
Non-recurring Costs - Other
    
(131
 )    
(486
 )
Net Interest Income
    
340
      
239
  
   
 
(2,222
)
  
 
(4,005
)
                 
Income Before Income Taxes
  
$
3,846
   
$
473
 
 
 
   
May 27, 2018
    
February 25, 2018
  
                 
Total Assets:
  
 
 
 
  
 
 
 
Electronics
   $
29,868
     $
28,062
  
Aerospace
    
30,793
      
29,828
  
Corporate
    
108,795
      
111,133
  
Total Assets
  
$
169,456
   
$
169,023