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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 01, 2024
Mar. 03, 2024
[1]
Current assets    
Cash and cash equivalents $ 8,153 $ 6,567
Marketable securities (Note 3) 63,831 70,644
Accounts receivable, less allowance for credit losses of $136 and $128, respectively 10,914 12,381
Inventories (Note 4) 7,630 6,404
Prepaid expenses and other current assets 2,499 2,849
Total current assets 93,027 98,845
Property, plant and equipment, net 21,891 23,499
Operating right-of-use assets (Note 5) 334 95
Goodwill and other intangible assets 9,776 9,776
Other assets 87 94
Total assets 125,115 132,309
Current liabilities    
Accounts payable 3,700 3,514
Operating lease liability (Note 5) 40 53
Accrued liabilities 1,348 1,986
Income taxes payable 5,121 4,105
Total current liabilities 10,209 9,658
Long-term operating lease liability (Note 5) 339 82
Non-current income taxes payable (Note 9) 0 5,259
Deferred income taxes (Note 9) 3,087 3,222
Other liabilities 1,222 1,174
Total liabilities 14,857 19,395
Commitments and Contingencies  
Shareholders' equity (Note 8)    
Common stock 2,096 2,096
Additional paid-in capital 170,626 170,445
Accumulated deficit (47,379) (45,374)
Accumulated other comprehensive loss (1,250) (2,271)
Stockholders' Equity, Including Treasury Stock 124,093 124,896
Less treasury stock, at cost 13,835 11,982
Total shareholders' equity 110,258 112,914
Total liabilities and shareholders' equity $ 125,115 $ 132,309
[1] The balance sheet at March 3, 2024 has been derived from the audited consolidated financial statements at that date.