Park Aerospace (PKE) 10-Q9 Oct 142015 Q2 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
Document And Entity Information	Aug. 31, 2014	Oct. 06, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'PARK ELECTROCHEMICAL CORP	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--03-01	'
Entity Common Stock, Shares Outstanding	'	20,950,442
Amendment Flag	'false	'
Entity Central Index Key	'0000076267	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Accelerated Filer	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Aug-14	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q2	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Aug. 31, 2014	Mar. 02, 2014
In Thousands, unless otherwise specified	Aug. 31, 2014	Mar. 02, 2014
Current assets:	'	'
Cash and cash equivalents	$114,439	$133,150	[1]
Marketable securities (Note 3)	170,746	137,206	[1]
Accounts receivable, less allowance for doubtful accounts of $409 and $416, respectively	22,869	22,881	[1]
Inventories (Note 4)	15,157	13,871	[1]
Prepaid expenses and other current assets	4,147	4,132	[1]
Total current assets	327,358	311,240	[1]
Property, plant and equipment, net	28,129	29,674	[1]
Goodwill and other intangible assets	9,847	9,847	[1]
Restricted cash (Note 5)	25,000	25,000	[1]
Other assets	1,316	1,332	[1]
Total assets	391,650	377,093	[1]
Current liabilities:	'	'
Current portion of long-term debt (Note 5)	15,000	10,000	[1]
Accounts payable	7,924	6,109	[1]
Accrued liabilities	6,397	5,139	[1]
Income taxes payable	3,360	2,995	[1]
Total current liabilities	32,681	24,243	[1]
Long-term debt (Note 5)	89,000	94,000	[1]
Deferred income taxes	58,124	58,124	[1]
Other liabilities	183	183	[1]
Total liabilities	179,988	176,550	[1]
Commitments and contingencies (Note 11)	'	'	[1]
Shareholders' equity:	'	'
Common stock	2,095	2,088	[1]
Additional paid-in capital	163,856	161,677	[1]
Retained earnings	44,643	35,651	[1]
Accumulated other comprehensive income	1,162	1,221	[1]
	211,756	200,637	[1]
Less treasury stock, at cost	-94	-94	[1]
Total shareholders' equity	211,662	200,543	[1]
Total liabilities and shareholders' equity	$391,650	$377,093	[1]

[1]	The balance sheet at March 2, 2014 has been derived from the audited financial statements at that date.

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Aug. 31, 2014	Mar. 02, 2014
In Thousands, unless otherwise specified
Allowance for doubtful accounts receivable	$409	$416	[1]

[1]	The balance sheet at March 2, 2014 has been derived from the audited financial statements at that date.

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 01, 2013
Net sales	$42,349	$44,497	$91,166	$87,935
Cost of sales	30,178	30,876	62,066	61,323
Gross profit	12,171	13,621	29,100	26,612
Selling, general and administrative expenses	6,252	6,041	12,848	12,597
Restructuring charges (Note 6)	83	119	350	319
Earnings from operations	5,836	7,461	15,902	13,696
Interest expense (Note 5)	360	185	713	356
Interest income	226	77	373	145
Earnings before income taxes	5,702	7,353	15,562	13,485
Income tax provision (benefit) (Note 9)	747	-692	2,391	511
Net earnings	$4,955	$8,045	$13,171	$12,974
Basic earnings per share (in Dollars per share)	$0.24	$0.39	$0.63	$0.62
Basic weighted average shares (in Shares)	20,925	20,836	20,902	20,832
Diluted earnings per share (in Dollars per share)	$0.24	$0.39	$0.63	$0.62
Diluted weighted average shares (in Shares)	21,029	20,852	21,008	20,848
Dividends declared per share (in Dollars per share)	$0.10	$0.10	$0.20	$0.20

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Earnings (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 01, 2013
Net earnings	$4,955	$8,045	$13,171	$12,974
Other comprehensive earnings (loss), net of tax:	'	'	'	'
Foreign currency translation	18	-135	-76	201
Unrealized gains on marketable securities:	'	'	'	'
Other comprehensive earnings (loss)	6	-205	-59	160
Total comprehensive earnings	4,961	7,840	13,112	13,134
Gains On Marketable Securities [Member]	'	'	'	'
Unrealized gains on marketable securities:	'	'	'	'
Unrealized holding gains (losses) arising during the period	'	4	22	6
Losses On Marketable Securities [Member]	'	'	'	'
Unrealized gains on marketable securities:	'	'	'	'
Unrealized holding gains (losses) arising during the period	-12	-75	-5	-91
Less: reclassification adjustment for losses included in net earnings	'	$1	'	$44

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014		Sep. 01, 2013
Cash flows from operating activities:	'		'
Net earnings	$13,171		$12,974
Adjustments to reconcile net earnings to net cash provided by operating activities:	'		'
Depreciation and amortization	1,763		1,963
Stock-based compensation	605		547
Amortization of bond premium	530		680
Changes in operating assets and liabilities	2,081		-3,199
Net cash provided by operating activities	18,150		12,965
Cash flows from investing activities:	'		'
Purchase of property, plant and equipment	-232		-613
Purchases of marketable securities	-75,978		-170,696
Proceeds from sales and maturities of marketable securities	41,936		85,530
Net cash used in investing activities	-34,274		-85,779
Cash flows from financing activities:	'		'
Dividends paid	-4,179		-4,167
Proceeds from exercise of stock options	1,580		297
Net cash used in financing activities	-2,599		-3,870
Change in cash and cash equivalents before effect of exchange rate changes	-18,723		-76,684
Effect of exchange rate changes on cash and cash equivalents	12		502
Change in cash and cash equivalents	-18,711		-76,182
Cash and cash equivalents, beginning of period	133,150	[1]	186,117
Cash and cash equivalents, end of period	114,439		109,935
Supplemental cash flow information:	'		'
Cash paid during the period for income taxes, net of refunds	459		2,265
Cash paid during the period for interest	$692		$364

[1]	The balance sheet at March 2, 2014 has been derived from the audited financial statements at that date.

Note_1_Consolidated_Financial_

Note 1 - Consolidated Financial Statements	6 Months Ended
	Aug. 31, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
		1	CONSOLIDATED FINANCIAL STATEMENTS

	The condensed consolidated balance sheet as of August 31, 2014, the consolidated statements of operations and the consolidated statements of comprehensive earnings for the 13 weeks and 26 weeks ended August 31, 2014 and September 1, 2013, and the condensed consolidated statements of cash flows for the 26 weeks then ended have been prepared by Park Electrochemical Corp. (the “Company”), without audit. In the opinion of management, these unaudited consolidated financial statements contain all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position at August 31, 2014 and the results of operations and cash flows for all periods presented. The consolidated statements of operations are not necessarily indicative of the results to be expected for the full fiscal year or any subsequent interim period.

	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 2, 2014. There have been no significant changes to such accounting policies during the 26 weeks ended August 31, 2014.

Note_2_Fair_Value_Measurements

Note 2 - Fair Value Measurements	6 Months Ended
	Aug. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
		2	FAIR VALUE MEASUREMENTS

	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date.

	Fair value measurements are broken down into three levels based on the reliability of inputs as follows:

	Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

	Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates and yield curves observable at commonly quoted intervals or current market) and contractual prices for the underlying financial instrument, as well as other relevant economic measures.

	Level 3 inputs are unobservable inputs for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.

	The fair value of the Company’s cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their carrying value due to their short-term nature. Due to the variable interest rates periodically adjusting with the current LIBOR, the carrying value of outstanding borrowings under the Company’s long-term debt approximates its fair value. (See Note 5). Certain assets and liabilities of the Company are required to be recorded at fair value on either a recurring or non-recurring basis. On a recurring basis, the Company records its marketable securities at fair value using Level 1 or Level 2 inputs. (See Note 3).

	The Company’s non-financial assets measured at fair value on a non-recurring basis include goodwill and any assets and liabilities acquired in a business combination at acquisition date or any long-lived assets written down to fair value. The Company tests for impairment of such assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. To measure fair value of such assets, the Company uses Level 3 inputs consisting of techniques including an income approach and a market approach. The income approach is based on a discounted cash flow analysis and calculates the fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting the after-tax cash flows to a present value using a risk-adjusted discount rate. Assumptions used in the discounted cash flow analysis require the exercise of significant judgment, including judgment about appropriate discount rates and terminal value, growth rates and the amount and timing of expected future cash flows. With respect to goodwill, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value is less than its carrying value. If, based on that assessment, the Company believes it is more likely than not that the fair value is less than its carrying value, a two-step goodwill impairment test is performed. There have been no changes in events or circumstances which required impairment charges to be recorded during the 26 weeks ended August 31, 2014.

Note_3_Marketable_Securities

Note 3 - Marketable Securities	6 Months Ended
Note 3 - Marketable Securities	Aug. 31, 2014
Investments, Debt and Equity Securities [Abstract]	'
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	'
		3	MARKETABLE SECURITIES

	All marketable securities are classified as available-for-sale and are carried at fair value, with the unrealized gains and losses, net of tax, included in comprehensive earnings. Realized gains and losses, amortization of premiums and discounts, and interest and dividend income are included in interest income in the Consolidated Statements of Operations. The costs of securities sold are based on the specific identification method.

	The following is a summary of available-for-sale securities:

			31-Aug-14
			Total		Level 1		Level 2		Level 3
	U.S. Treasury and other government securities		$	130,608	$	130,608	$	-	$	-
	U.S. corporate debt securities			40,138		13,859		26,279		-
	Total marketable securities		$	170,746	$	144,467	$	26,279	$	-

			2-Mar-14
			Total		Level 1		Level 2		Level 3
	U.S. Treasury and other government securities		$	112,793	$	112,793	$	-	$	-
	U.S. corporate debt securities			24,413		17,329		7,084		-
	Total marketable securities		$	137,206	$	130,122	$	7,084	$	-

	At August 31, 2014 and March 2, 2014, the Company’s level 2 investments consisted of commercial paper which was not traded on a regular basis or in an active market, and the Company was unable to obtain pricing information on an ongoing basis. Therefore, these investments were measured using quoted market prices for similar assets currently trading in an active market or using model-derived valuations in which all significant inputs are observable for substantially the full term of the asset.

	The following tables show the amortized cost basis of, and gross unrealized gains and losses and gross realized gains and losses on, the Company’s available-for-sale securities:

			Amortized		Gross		Gross
			Cost Basis		Unrealized		Unrealized
					Gains		Losses
	August 31, 2014:
	U.S. Treasury and other government securities		$	130,371	$	238	$	1
	U.S. corporate debt securities			40,137		9		8
	Total marketable securities		$	170,508	$	247	$	9

	March 2, 2014:
	U.S. Treasury and other government securities		$	112,593	$	200	$	-
	U.S. corporate debt securities			24,401		13		1
	Total marketable securities		$	136,994	$	213	$	1

			13 Weeks Ended				26 Weeks Ended
			31-Aug-14		1-Sep-13		31-Aug-14		1-Sep-13
	Gross realized gains on sale		$	-	$	7	$	-	$	11

	Gross realized losses on sale		$	-	$	161	$	-	$	161

	The estimated fair values of such securities at August 31, 2014, by contractual maturity, are shown below:

	Due in one year or less		$	87,614
	Due after one year through five years			83,132
			$	170,746

Note_4_Inventories

Note 4 - Inventories	6 Months Ended
Note 4 - Inventories	Aug. 31, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
		4	INVENTORIES

	Inventories are stated at the lower of cost (first-in, first-out method) or market. Inventories consisted of the following:

			August 31,		March 2,
			2014		2014
	Inventories:

	Raw materials		$	8,011	$	7,253
	Work-in-process			2,955		3,097
	Finished goods			3,916		3,223
	Manufacturing supplies			275		298
			$	15,157	$	13,871

Note_5_LongTerm_Debt

Note 5 - Long-Term Debt	6 Months Ended
	Aug. 31, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
		5	LONG-TERM DEBT

	On January 30, 2013, the Company entered into a five-year revolving credit facility agreement (the “Credit Agreement”) with PNC Bank, National Association (“PNC Bank”). The Credit Agreement provided for loans up to $52,000 (the “Facility”) to the Company and letters of credit up to $2,000 for the account of the Company. The Company borrowed $52,000 to finance a special dividend paid to shareholders of the Company in the 2013 fiscal year fourth quarter.

	On February 12, 2014, the Company entered into a four-year amended and restated revolving credit facility agreement (the “Amended Credit Agreement”) with PNC Bank. The Amended Credit Agreement provides for loans up to $104,000 (the “Amended Facility”) to the Company and letters of credit up to $2,000 for the account of the Company. Through August 31, 2014, the Company has borrowed $52,000 to finance a special dividend paid to shareholders of the Company in the 2014 fiscal year fourth quarter and an additional $52,000 to continue the loan that was provided under the Credit Agreement, and PNC Bank has issued two standby letters of credit for the account of the Company in the total amount of $1,100 to secure the Company’s obligations under its workers’ compensation insurance program. The $104,000 outstanding borrowing under the Amended Credit Agreement is payable as follows: $10,000 due on February 12, 2015 followed by four quarterly installments of $2,500 and then eight quarterly installments of $3,750 with the remaining amount outstanding under the Amended Credit Agreement payable on February 12, 2018.

	Borrowings under the Amended Facility bear interest at a rate equal to, at the Company’s option, either a (a) LIBOR rate option determined by a fluctuating rate per annum equal to the LIBOR Rate plus 1.10% or (b) base rate option determined by a fluctuating rate per annum equal to the highest of (i) the Federal Funds Open Rate (as defined in the Amended Credit Agreement) plus 0.5%, (ii) the Prime Rate (as defined in the Amended Credit Agreement), and (iii) the Daily LIBOR Rate (as defined in the Amended Credit Agreement) plus 1.0%. Under the Amended Credit Agreement, the Company also is obligated to pay a nonrefundable commitment fee, accruing from February 12, 2014 until the earlier of February 12, 2018 and the date on which the Amended Credit Agreement is terminated, equal to 0.20% per annum multiplied by the average daily difference between the amount of (a) the revolving credit commitment and (b) the revolving facility usage, payable quarterly in arrears.

	The Amended Credit Agreement also contains certain customary affirmative and negative covenants and customary financial covenants that require the Company to (a) maintain a minimum fixed charge coverage ratio of 1.10 to 1.00 at the end of each fiscal quarter and (b) not exceed a maximum funded debt ratio, which decreases periodically, of (i) 3.75 to 1.00 through February 28, 2015, (ii) 3.50 to 1.00 for the period March 1, 2015 through February 27, 2016, (iii) 3.00 to 1.00 for the period February 28, 2016 through February 25, 2017, and (iv) 2.25 to 1.00 for all periods thereafter. In addition, the Company must maintain minimum domestic liquid assets of $25,000 in cash and marketable securities and a quick ratio (as defined in the Amended Credit Agreement). On July 10, 2014, the Company and PNC Bank entered into an Amendment to the Amended Credit Agreement that modified the quick ratio, which, as modified, ranges from 8.50 to 1.00 to 8.00 to 1.00 through November 27, 2016 and is 3.25 to 1.00 for all periods thereafter. As of August 31, 2014, the Company was in compliance with these financial covenants. The dividend covenant permits the Company to pay regular quarterly dividends in amounts not exceeding $0.10 per share and an annual special dividend to shareholders in amounts ranging from $1.00 to $2.50 with prior written notification to PNC Bank. The Company’s obligations under the Amended Credit Agreement are guaranteed by its Nelco Products, Inc., Neltec, Inc. and Park Aerospace Technologies Corp. subsidiaries and secured by a pledge of 65% of the capital stock of the Company’s Nelco Products Pte. Ltd. subsidiary in Singapore. The minimum domestic liquid assets of $25,000 are reflected as restricted cash on the Condensed Consolidated Balance Sheets.

	The Amended Facility is available to (a) refinance the Credit Agreement, (b) support working capital and general corporate needs, including the issuance of letters of credit, (c) fund special distributions to the Company’s shareholders permitted under the Amended Facility, and (d) finance ongoing capital expenditures and acquisitions. At August 31, 2014, $104,000 of indebtedness was outstanding under the Amended Credit Agreement with an interest rate of 1.30%. Interest expense recorded under the Facility and Amended Facility was approximately $360 and $713 during the 13 weeks and 26 weeks, respectively, ended August 31, 2014 and approximately $185 and $356 during the 13 weeks and 26 weeks, respectively, ended September 1, 2013, which is included in interest expense on the Consolidated Statements of Operations.

Note_6_Restructuring_Charges

Note 6 - Restructuring Charges	6 Months Ended
	Aug. 31, 2014
Restructuring and Related Activities [Abstract]	'
Restructuring and Related Activities Disclosure [Text Block]	'
		6	RESTRUCTURING CHARGES

	During the 2013 fiscal year, the Company recorded restructuring charges of $2,730 related to the closure of the Company’s Nelco Technology (Zhuhai FTZ) Ltd. business unit located in Zhuhai, China. The charges included a non-cash asset impairment charge of $3,620 related to property, plant and equipment and were net of the recapture of a non-cash cumulative currency translation adjustment of $1,465. The reclassification of the non-cash cumulative currency translation adjustment was included in foreign currency translation changes in the Consolidated Statements of Comprehensive Earnings. The Company has a building with a carrying value of $2,029 as of August 31, 2014, which is held for sale at its Nelco Technology (Zhuhai FTZ) Ltd. business unit. The Company ceased depreciating this building during the 2013 fiscal year second quarter and expects to sell the building in the 2015 fiscal year. During the 13 weeks and 26 weeks ended August 31, 2014, the Company recorded $25 and $131, respectively, of additional pre-tax charges related to such closure and expects to record no significant additional charges in connection with such closure.

	The Company recorded additional restructuring charges of $59 and $220, respectively, during the 13 weeks and 26 weeks ended August 31, 2014 related to the closure 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 2015 or 2016 fiscal year.

Note_7_Earnings_Per_Share

Note 7 - Earnings Per Share	6 Months Ended
Note 7 - Earnings Per Share	Aug. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
		7	EARNINGS PER SHARE

	Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the potentially dilutive securities outstanding during the period. Stock options are the only potentially dilutive securities; and the number of dilutive options is computed using the treasury stock method.

	The following table sets forth the calculation of basic and diluted earnings per share:

			13 Weeks Ended				26 Weeks Ended
			August 31,		September 1,		August 31,		September 1,
			2014		2013		2014		2013

	Net earnings		$	4,955	$	8,045	$	13,171	$	12,974

	Weighted average common shares outstanding for basic EPS			20,925		20,836		20,902		20,832
	Net effect of dilutive options			104		16		106		16
	Weighted average shares outstanding for diluted EPS			21,029		20,852		21,008		20,848

	Basic earnings per share		$	0.24	$	0.39	$	0.63	$	0.62
	Diluted earnings per share		$	0.24	$	0.39	$	0.63	$	0.62

	Potentially dilutive securities, which were not included in the computation of diluted earnings per share because either the effect would have been anti-dilutive or the options’ exercise prices were greater than the average market price of the common stock, were approximately 28 and 267 for the 13 weeks ended August 31, 2014 and September 1, 2013, respectively, and 26 and 493 for the 26 weeks ended August 31, 2014 and September 1, 2013, respectively.

Note_8_Shareholders_Equity

Note 8 - Shareholders' Equity	6 Months Ended
	Aug. 31, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
		8	SHAREHOLDERS’ EQUITY

	During the 26 weeks ended August 31, 2014, the Company issued 72 shares pursuant to the exercises of stock options and received proceeds from such exercises, recognized stock-based compensation expense and recognized tax benefits from stock-based compensation of $1,535, $605 and $38, respectively. These transactions resulted in a $2,179 increase in additional paid-in capital during the period.

Note_9_Income_Taxes

Note 9 - Income Taxes	6 Months Ended
	Aug. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
		9	INCOME TAXES

	The Company’s effective tax rates for the 13 weeks and 26 weeks ended August 31, 2014 were 13.1% and 15.4%, respectively, compared to (9.4%) and 3.8%, respectively, for the 13 weeks and 26 weeks ended September 1, 2013. The effective rates varied from the U.S. Federal statutory rate primarily due to foreign income taxed at lower rates and a tax refund described below.

	During the 2011 and 2012 fiscal years, the Company filed amended tax returns for the 2004, 2005, 2006 and 2007 fiscal years with the Internal Revenue Service (“IRS”) to claim a refund of taxes paid. The Company evaluated the tax position related to the claim for refund at June 2, 2013 and concluded that the tax position did not meet the more-likely-than-not recognition threshold. During the 13 weeks ended September 1, 2013, the IRS notified the Company that it had completed its examination and approved a portion of the Company’s refund claim in the amount of $1,949 plus interest. As a result, the Company reduced its total amount of unrecognized tax benefits reported at March 3, 2013 by $2,715. The Company recognized a tax benefit of $1,949 while no tax benefit was recognized for the remaining reduction in unrecognized tax benefits. The Company recorded a receivable for the net refund of $2,181, which was received subsequent to the period ended September 1, 2013. The unrecognized tax benefits recognized and interest received affected the effective tax rate and was recorded as a discrete tax benefit during the 13 weeks ended September 1, 2013.

	The Company continuously evaluates the liquidity and capital requirements of its operations in the United States and of its foreign subsidiaries. As a result of such evaluation, the Company recorded a non-cash charge for the accrual of U.S. deferred income taxes in the amount of $63,958 on undistributed earnings of the Company’s subsidiary in Singapore during the fourth quarter of the 2014 fiscal year.

Note_10_Geographic_Regions

Note 10 - Geographic Regions	6 Months Ended
Note 10 - Geographic Regions	Aug. 31, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
		10	GEOGRAPHIC REGIONS

	The Company is a global advanced materials company which develops, manufactures, markets and sells high technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies for the aerospace markets. The Company’s products are sold to customers in North America, Asia and Europe. The Company’s manufacturing facilities are located in Singapore, France, Kansas, Arizona and California. The Company operates as a single operating segment, which is advanced materials for the electronics and aerospace markets, with common management and identical or very similar economic characteristics, products, raw materials, manufacturing processes and equipment, customers and markets, marketing, sales and distribution methods and regulatory environments. The chief operating decision maker reviews financial information on a consolidated basis.

	Sales are attributed to geographic region based upon the region in which the materials were delivered to the customer. Sales between geographic regions were not significant.

	Financial information regarding the Company’s operations by geographic region is as follows:

			13 Weeks Ended				26 Weeks Ended
			August 31,		September 1,		August 31,		September 1,
			2014		2013		2014		2013
	Sales:

	North America		$	19,289	$	22,885	$	40,584	$	43,618
	Asia			20,402		18,993		44,899		37,674
	Europe			2,658		2,619		5,683		6,643
	Total sales		$	42,349	$	44,497	$	91,166	$	87,935

			31-Aug-14		2-Mar-14
	Long-lived assets:

	North America			25,858		26,899
	Asia			13,055		13,557
	Europe			379		397
	Total long-lived assets		$	39,292	$	40,853

Note_11_Contingencies

Note 11 - Contingencies	6 Months Ended
	Aug. 31, 2014
Loss Contingency [Abstract]	'
Contingencies Disclosure [Text Block]	'
		11	CONTINGENCIES

	Litigation

	The Company is subject to a number of proceedings, lawsuits and other claims related to environmental, employment, product and other matters. The Company is required to assess the likelihood of any adverse judgments or outcomes in these matters as well as potential ranges of probable losses. A determination of the amount of reserves required, if any, for these contingencies is made after careful analysis of each individual issue. The required reserves may change in the future due to new developments in each matter or changes in approach, such as a change in settlement strategy in dealing with these matters. The Company believes that the ultimate disposition of such proceedings, lawsuits and claims will not have a material adverse effect on the Company’s liquidity, capital resources or business or its consolidated results of operations, cash flows or financial position.

	Environmental Contingencies

	The Company and certain of its subsidiaries have been named by the Environmental Protection Agency (the "EPA") or a comparable state agency under the Comprehensive Environmental Response, Compensation and Liability Act (the "Superfund Act") or similar state law as potentially responsible parties in connection with alleged releases of hazardous substances at four sites. In addition, a subsidiary of the Company has received a cost recovery claim under a state law similar to the Superfund Act from another private party involving one other site.

	Under the Superfund Act and similar state laws, all parties who may have contributed any waste to a hazardous waste disposal site or contaminated area identified by the EPA or comparable state agency may be jointly and severally liable for the cost of cleanup. Generally, these sites are locations at which numerous persons disposed of hazardous waste. In the case of the Company's subsidiaries, generally the waste was removed from their manufacturing facilities and disposed at waste sites by various companies which contracted with the subsidiaries to provide waste disposal services. Neither the Company nor any of its subsidiaries have been accused of or charged with any wrongdoing or illegal acts in connection with any such sites. The Company believes it maintains an effective and comprehensive environmental compliance program.

	The insurance carriers who provided general liability insurance coverage to the Company and its subsidiaries for the years during which the Company's subsidiaries' waste was disposed at these sites have in the past reimbursed the Company and its subsidiaries for 100% of their legal defense and remediation costs associated with three of these sites.

	The total costs incurred by the Company and its subsidiaries in connection with these sites, including legal fees incurred by the Company and its subsidiaries and their assessed share of remediation costs and excluding amounts paid or reimbursed by insurance carriers, were approximately $17 and $24 in the 13 weeks and 26 weeks, respectively, ended August 31, 2014 and were nil and approximately $19 in the 13 weeks and 26 weeks, respectively, ended September 1, 2013. The Company had no recorded liabilities for environmental matters at August 31, 2014 or March 2, 2014.

	The Company does not record environmental liabilities and related legal expenses for which the Company believes that it and its subsidiaries have general liability insurance coverage for the years during which the Company's subsidiaries' waste was disposed at three sites for which certain subsidiaries of the Company have been named as potentially responsible parties. Pursuant to such general liability insurance coverage, two insurance carriers have been paying 100% of the legal defense and remediation costs associated with such three sites since 1985. In the 2012 fiscal year fourth quarter, one of such insurance carriers, which had been paying 45% of such legal defense and remediation costs, indicated that it no longer agreed to such percentage. As a result, the Company commenced litigation against such insurance carriers and a third insurance carrier. The three insurance carriers have filed answers to the lawsuit, and one has asserted counterclaims against the Company. The insurance carriers and the Company are engaged in discussions to settle this matter. The Company does not expect any such settlement to have a material adverse effect on the Company’s liquidity, capital resources or business or its consolidated results of operations, cash flows or financial position.

	Included in selling, general and administrative expenses are charges for actual expenditures and accruals, based on estimates, for certain environmental matters described above. The Company accrues estimated costs associated with known environmental matters, when such costs can be reasonably estimated and when the outcome appears probable. The Company believes that the ultimate disposition of known environmental matters, including the litigation described above, will not have a material adverse effect on the Company’s liquidity, capital resources or business or its consolidated results of operations, cash flows or financial position.

Note_12_Accounting_Pronounceme

Note 12 - Accounting Pronouncements	6 Months Ended
	Aug. 31, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
		12	ACCOUNTING PRONOUNCEMENTS

	Recently Adopted

	In March 2013, the FASB issued authoritative guidance which states that when a parent sells an investment in a foreign entity and ceases to have a controlling interest in that foreign entity, or when a foreign subsidiary disposes of substantially all of its assets, or when a parent acquires control of a foreign entity in which the parent held an equity interest before the acquisition date, the cumulative translation adjustment should be released into net earnings. The Company adopted this guidance effective March 3, 2014, the first day of the Company’s 2015 fiscal year, and the adoption of this guidance did not impact the Company’s consolidated results of operations, cash flows or financial position.

	Recently Issued

	In May 2014, the FASB issued authoritative guidance on the recognition of revenue from customers. Under this guidance, an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. This guidance also requires more detailed disclosures to enable users of the financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. This guidance is effective for fiscal years (and interim reporting periods within fiscal years) beginning after December 15, 2016. The Company is currently evaluating the impact this guidance will have on its consolidated results of operations, cash flows, financial position and disclosures and is currently unable to estimate the impact of this guidance.

Note_3_Marketable_Securities_T

Note 3 - Marketable Securities (Tables)	6 Months Ended
Note 3 - Marketable Securities (Tables)	Aug. 31, 2014
Investments, Debt and Equity Securities [Abstract]	'
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Table Text Block]	'
		31-Aug-14
		Total		Level 1		Level 2		Level 3
	U.S. Treasury and other government securities	$	130,608	$	130,608	$	-	$	-
	U.S. corporate debt securities		40,138		13,859		26,279		-
	Total marketable securities	$	170,746	$	144,467	$	26,279	$	-
		2-Mar-14
		Total		Level 1		Level 2		Level 3
	U.S. Treasury and other government securities	$	112,793	$	112,793	$	-	$	-
	U.S. corporate debt securities		24,413		17,329		7,084		-
	Total marketable securities	$	137,206	$	130,122	$	7,084	$	-
Schedule of Unrealized Loss on Investments [Table Text Block]	'
		Amortized		Gross		Gross
		Cost Basis		Unrealized		Unrealized
				Gains		Losses
	August 31, 2014:
	U.S. Treasury and other government securities	$	130,371	$	238	$	1
	U.S. corporate debt securities		40,137		9		8
	Total marketable securities	$	170,508	$	247	$	9

	March 2, 2014:
	U.S. Treasury and other government securities	$	112,593	$	200	$	-
	U.S. corporate debt securities		24,401		13		1
	Total marketable securities	$	136,994	$	213	$	1
Realized Gain (Loss) on Investments [Table Text Block]	'
		13 Weeks Ended				26 Weeks Ended
		31-Aug-14		1-Sep-13		31-Aug-14		1-Sep-13
	Gross realized gains on sale	$	-	$	7	$	-	$	11

	Gross realized losses on sale	$	-	$	161	$	-	$	161
Investments Classified by Contractual Maturity Date [Table Text Block]	'
	Due in one year or less	$	87,614
	Due after one year through five years		83,132
		$	170,746

Note_4_Inventories_Tables

Note 4 - Inventories (Tables)	6 Months Ended
Note 4 - Inventories (Tables)	Aug. 31, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
		August 31,		March 2,
		2014		2014
	Inventories:

	Raw materials	$	8,011	$	7,253
	Work-in-process		2,955		3,097
	Finished goods		3,916		3,223
	Manufacturing supplies		275		298
		$	15,157	$	13,871

Note_7_Earnings_Per_Share_Tabl

Note 7 - Earnings Per Share (Tables)	6 Months Ended
Note 7 - Earnings Per Share (Tables)	Aug. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		13 Weeks Ended				26 Weeks Ended
		August 31,		September 1,		August 31,		September 1,
		2014		2013		2014		2013

	Net earnings	$	4,955	$	8,045	$	13,171	$	12,974

	Weighted average common shares outstanding for basic EPS		20,925		20,836		20,902		20,832
	Net effect of dilutive options		104		16		106		16
	Weighted average shares outstanding for diluted EPS		21,029		20,852		21,008		20,848

	Basic earnings per share	$	0.24	$	0.39	$	0.63	$	0.62
	Diluted earnings per share	$	0.24	$	0.39	$	0.63	$	0.62

Note_10_Geographic_Regions_Tab

Note 10 - Geographic Regions (Tables)	6 Months Ended
Note 10 - Geographic Regions (Tables)	Aug. 31, 2014
Segment Reporting [Abstract]	'
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	'
		13 Weeks Ended				26 Weeks Ended
		August 31,		September 1,		August 31,		September 1,
		2014		2013		2014		2013
	Sales:

	North America	$	19,289	$	22,885	$	40,584	$	43,618
	Asia		20,402		18,993		44,899		37,674
	Europe		2,658		2,619		5,683		6,643
	Total sales	$	42,349	$	44,497	$	91,166	$	87,935
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	'
		31-Aug-14		2-Mar-14
	Long-lived assets:

	North America		25,858		26,899
	Asia		13,055		13,557
	Europe		379		397
	Total long-lived assets	$	39,292	$	40,853

Note_3_Marketable_Securities_D

Note 3 - Marketable Securities (Details) - Summary of Available-for-Sale Securities (USD $)	Aug. 31, 2014	Mar. 02, 2014
In Thousands, unless otherwise specified	Aug. 31, 2014	Mar. 02, 2014
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]	'	'
Marketable securities	$170,746	$137,206	[1]
US Treasury and Government [Member] \| Fair Value, Inputs, Level 1 [Member]	'	'
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]	'	'
Marketable securities	130,608	112,793
US Treasury and Government [Member]	'	'
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]	'	'
Marketable securities	130,608	112,793
Domestic Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member]	'	'
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]	'	'
Marketable securities	13,859	17,329
Domestic Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member]	'	'
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]	'	'
Marketable securities	26,279	7,084
Domestic Corporate Debt Securities [Member]	'	'
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]	'	'
Marketable securities	40,138	24,413
Fair Value, Inputs, Level 1 [Member]	'	'
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]	'	'
Marketable securities	144,467	130,122
Fair Value, Inputs, Level 2 [Member]	'	'
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]	'	'
Marketable securities	$26,279	$7,084

[1]	The balance sheet at March 2, 2014 has been derived from the audited financial statements at that date.

Note_3_Marketable_Securities_D1

Note 3 - Marketable Securities (Details) - Summary of Unrealized Gains/Losses on Available-for-Sale Securities (USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Mar. 02, 2014
Note 3 - Marketable Securities (Details) - Summary of Unrealized Gains/Losses on Available-for-Sale Securities [Line Items]	'	'
Unamortized cost basis	$170,508	$136,994
Gross unrealized gains	247	213
Gross unrealized losses	9	1
US Treasury and Government [Member]	'	'
Note 3 - Marketable Securities (Details) - Summary of Unrealized Gains/Losses on Available-for-Sale Securities [Line Items]	'	'
Unamortized cost basis	130,371	112,593
Gross unrealized gains	238	200
Gross unrealized losses	1	'
Domestic Corporate Debt Securities [Member]	'	'
Note 3 - Marketable Securities (Details) - Summary of Unrealized Gains/Losses on Available-for-Sale Securities [Line Items]	'	'
Unamortized cost basis	40,137	24,401
Gross unrealized gains	9	13
Gross unrealized losses	$8	$1

Note_3_Marketable_Securities_D2

Note 3 - Marketable Securities (Details) - Summary of Realized Gains/Losses on Available-for-Sale Securities (USD $)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Sep. 01, 2013	Sep. 01, 2013
Summary of Realized Gains/Losses on Available-for-Sale Securities [Abstract]	'	'
Gross realized gains on sale	$7	$11
Gross realized losses on sale	$161	$161

Note_3_Marketable_Securities_D3

Note 3 - Marketable Securities (Details) - Estimated Fair Value of Securities by Contractual Maturity (USD $)	Aug. 31, 2014	Mar. 02, 2014
In Thousands, unless otherwise specified	Aug. 31, 2014	Mar. 02, 2014
Estimated Fair Value of Securities by Contractual Maturity [Abstract]	'	'
Due in one year or less	$87,614	'
Due after one year through five years	83,132	'
	$170,746	$137,206	[1]

[1]	The balance sheet at March 2, 2014 has been derived from the audited financial statements at that date.

Note_4_Inventories_Details_Inv

Note 4 - Inventories (Details) - Inventories (USD $)	Aug. 31, 2014	Mar. 02, 2014
In Thousands, unless otherwise specified	Aug. 31, 2014	Mar. 02, 2014
Inventories:	'	'
Raw materials	$8,011	$7,253
Work-in-process	2,955	3,097
Finished goods	3,916	3,223
Manufacturing supplies	275	298
	$15,157	$13,871	[1]

[1]	The balance sheet at March 2, 2014 has been derived from the audited financial statements at that date.

Note_5_LongTerm_Debt_Details

Note 5 - Long-Term Debt (Details) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

1 Months Ended

6 Months Ended

In Thousands, except Per Share data, unless otherwise specified

Aug. 31, 2014

Sep. 01, 2013

Aug. 31, 2014

Sep. 01, 2013

Mar. 02, 2014

Aug. 31, 2014

Feb. 12, 2014

Jan. 30, 2013

Aug. 31, 2014

Feb. 12, 2014

Jan. 30, 2013

Mar. 03, 2013

Aug. 31, 2014

Feb. 12, 2014

Jan. 30, 2013

Letter of Credit [Member]

Through February 28, 2015 [Member]

March 1, 2015 Through February 27, 2016 [Member]

February 28, 2016 Through February 25, 2017 [Member]

All Periods Thereafter [Member]

Through November 27, 2016 [Member]

Special Dividend [Member]

Installment 1 [Member]

Installment 2 [Member]

London Interbank Offered Rate (LIBOR) [Member]

Federal Funds Rate [Member]

Daily LIBOR Plus [Member]

Minimum [Member]

Maximum [Member]

Nelco Products Pte. Ltd. [Member]

PNC Bank, National Association [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

PNC Bank, National Association [Member]

Note 5 - Long-Term Debt (Details) [Line Items]

Line of Credit Facility, Expiration Period

'4 years

'5 years

Line of Credit Facility, Maximum Borrowing Capacity

$2,000

$104,000

$52,000

Proceeds from Lines of Credit

52,000

Long-term Line of Credit

104,000

1,100

52,000

Number Of Stand by Letter Of Credit Issued

Long-term Debt

104,000

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

10,000

Number of Quarterly Installments

Debt Instrument, Periodic Payment, Principal

2,500

3,750

Debt Instrument, Basis Spread on Variable Rate

1.10%

0.50%

1.00%

Line of Credit Facility, Unused Capacity, Commitment Fee Percentage

0.20%

Minimum Interest Coverage Ratio

1.1

Maximum Funded Debt Ratio

3.75

3.5

2.25

Restricted Cash and Cash Equivalents, Noncurrent

25,000

[1]

25,000

Quick Ratio

3.25

8.5

Dividend Covenant Maximum Quarterly Dividend (in Dollars per share)

$2.50

$0.10

Pledge Of Stock Percentage As Guarantee For Credit Agreement

65.00%

Line of Credit Facility, Interest Rate at Period End

1.30%

Interest Expense

$360

$185

$713

$356

[1]

The balance sheet at March 2, 2014 has been derived from the audited financial statements at that date.

Note_6_Restructuring_Charges_D

Note 6 - Restructuring Charges (Details) (USD $)	3 Months Ended		6 Months Ended		3 Months Ended	6 Months Ended	12 Months Ended	3 Months Ended	6 Months Ended
	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Aug. 31, 2014	Mar. 03, 2013	Aug. 31, 2014	Aug. 31, 2014
	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 01, 2013	Nelco Technology (Zhuhai FTZ) Ltd [Member]	Nelco Technology (Zhuhai FTZ) Ltd [Member]	Nelco Technology (Zhuhai FTZ) Ltd [Member]	New England Laminates Co., Inc. [Member]	New England Laminates Co., Inc. [Member]
Note 6 - Restructuring Charges (Details) [Line Items]	'	'	'	'	'	'	'	'	'
Business Exit Costs	'	'	'	'	'	'	$2,730,000	'	'
Other Asset Impairment Charges	'	'	'	'	'	'	3,620,000	'	'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	'	'	'	'	'	'	1,465,000	'	'
Real Estate Held-for-sale	'	'	'	'	2,029,000	2,029,000	'	0	0
Restructuring and Related Cost, Expected Cost	0	'	0	'	'	'	'	'	'
Restructuring Charges	$83,000	$119,000	$350,000	$319,000	$25,000	$131,000	'	$59,000	$220,000

Note_7_Earnings_Per_Share_Deta

Note 7 - Earnings Per Share (Details)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 01, 2013
Earnings Per Share [Abstract]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	28	267	26	493

Note_7_Earnings_Per_Share_Deta1

Note 7 - Earnings Per Share (Details) - Basic and Diluted Earnings Per Share (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 01, 2013
Basic and Diluted Earnings Per Share [Abstract]	'	'	'	'
Net earnings (in Dollars)	$4,955	$8,045	$13,171	$12,974
Weighted average common shares outstanding for basic EPS	20,925	20,836	20,902	20,832
Net effect of dilutive options	104	16	106	16
Weighted average shares outstanding for diluted EPS	21,029	20,852	21,008	20,848
Basic earnings per share (in Dollars per share)	$0.24	$0.39	$0.63	$0.62
Diluted earnings per share (in Dollars per share)	$0.24	$0.39	$0.63	$0.62

Note_8_Shareholders_Equity_Det

Note 8 - Shareholders' Equity (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Sep. 01, 2013
Stockholders' Equity Note [Abstract]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares)	72	'
Proceeds from Stock Options Exercised	$1,535	'
Share-based Compensation	605	547
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	38	'
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	$2,179	'

Note_9_Income_Taxes_Details

Note 9 - Income Taxes (Details) (USD $)	0 Months Ended	3 Months Ended		6 Months Ended		0 Months Ended
	Mar. 03, 2013	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 01, 2013	Mar. 03, 2013	Mar. 03, 2013	Mar. 02, 2014
	Mar. 03, 2013	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 01, 2013	Portion of refund claim [Member]	Remaining Reduction [Member]	SINGAPORE
Note 9 - Income Taxes (Details) [Line Items]	'	'	'	'	'	'	'	'
Effective Income Tax Rate Reconciliation, Percent	'	13.10%	-9.40%	15.40%	3.80%	'	'	'
Tax Adjustments, Settlements, and Unusual Provisions	'	'	$1,949,000	'	'	'	'	'
Unrecognized Tax Benefits, Decrease Resulting from Current Period Tax Positions	2,715,000	'	'	'	'	'	'	'
Income Tax Expense (Benefit)	'	747,000	-692,000	2,391,000	511,000	-1,949,000	0	'
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority	'	'	2,181,000	'	2,181,000	'	'	'
Deferred Tax Liabilities, Undistributed Foreign Earnings	'	'	'	'	'	'	'	$63,958,000

Note_10_Geographic_Regions_Det

Note 10 - Geographic Regions (Details) - Financial Information by Geographic Region, Sales (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 01, 2013
Sales:	'	'	'	'
Sales	$42,349	$44,497	$91,166	$87,935
North America [Member]	'	'	'	'
Sales:	'	'	'	'
Sales	19,289	22,885	40,584	43,618
Asia [Member]	'	'	'	'
Sales:	'	'	'	'
Sales	20,402	18,993	44,899	37,674
Europe [Member]	'	'	'	'
Sales:	'	'	'	'
Sales	$2,658	$2,619	$5,683	$6,643

Note_10_Geographic_Regions_Det1

Note 10 - Geographic Regions (Details) - Financial Information by Geographic Region, Assets (USD $)	Aug. 31, 2014	Mar. 02, 2014
In Thousands, unless otherwise specified	Aug. 31, 2014	Mar. 02, 2014
Long-lived assets:	'	'
Long-lived assets	$39,292	$40,853
North America [Member]	'	'
Long-lived assets:	'	'
Long-lived assets	25,858	26,899
Asia [Member]	'	'
Long-lived assets:	'	'
Long-lived assets	13,055	13,557
Europe [Member]	'	'
Long-lived assets:	'	'
Long-lived assets	$379	$397

Note_11_Contingencies_Details

Note 11 - Contingencies (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Feb. 26, 2012	Aug. 31, 2014	Sep. 01, 2013	Mar. 02, 2014
Note 11 - Contingencies (Details) [Line Items]	'	'	'	'	'
Number Of Sites Of Company Or Subsidiaries That Have Been Named For Potential Environmental Remediation Liability	'	'	4	'	'
Number Of Insurance Carriers That Have Asserted Counter Claims To Lawsuit	'	1	'	'	'
Percentage Of Legal Defense And Remediation Costs Associated With Sites Reimbursed By Insurance Carriers	'	'	100.00%	'	'
Number Of Units Covered Under General Liability Insurance Coverage	'	'	3	'	'
Litigation Settlement, Expense (in Dollars)	$17	'	$24	$19	'
Liability for Asbestos and Environmental Claims, Net (in Dollars)	$0	'	$0	'	$0
Number Of Insurance Carriers	'	'	2	'	'
Number Of Insurance Carriers That Have Filed Answers To Lawsuit	'	3	'	'	'
Two Insurance Carriers [Member]	'	'	'	'	'
Note 11 - Contingencies (Details) [Line Items]	'	'	'	'	'
Percentage Of Legal Defense And Remediation Costs Associated With Sites Reimbursed By Insurance Carriers	'	'	100.00%	'	'
Insurance Carrier One [Member]	'	'	'	'	'
Note 11 - Contingencies (Details) [Line Items]	'	'	'	'	'
Percentage Of Legal Defense And Remediation Costs Associated With Sites Reimbursed By Insurance Carriers	'	45.00%	'	'	'
Subsidiaries [Member]	'	'	'	'	'
Note 11 - Contingencies (Details) [Line Items]	'	'	'	'	'
Number Of Insurance Carriers That Have Asserted Counter Claims To Lawsuit	'	'	1	'	'