Park Aerospace (PKE) 10-K 12 May 17 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Feb. 26, 2017	May 05, 2017	Aug. 26, 2016
Document Information [Line Items]
Entity Registrant Name	PARK ELECTROCHEMICAL CORP
Entity Central Index Key	76,267
Trading Symbol	pke
Current Fiscal Year End Date	--02-26
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		20,234,671
Entity Public Float			$ 326,334,973
Document Type	10-K
Document Period End Date	Feb. 26, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 26, 2017	Feb. 28, 2016
Current assets:
Cash and cash equivalents	$ 102,438	$ 97,757
Marketable securities (Note 2)	136,152	139,668
Accounts receivable, less allowance for doubtful accounts of $294 and $324, respectively	17,238	22,583
Inventories (Note 3)	11,105	10,214
Prepaid expenses and other current assets (Note 4)	2,197	1,963
Total current assets	269,130	272,185
Property, plant and equipment, net	18,638	21,512
Goodwill and other intangible assets (Note 3)	9,825	9,833
Restricted cash	10,000	10,000
Other assets (Note 4)	985	1,247
Total assets	308,578	314,777
Current liabilities:
Less: current portion	3,500	3,000
Accounts payable	4,183	6,155
Accrued liabilities (Note 3)	3,417	4,580
Income taxes payable	3,023	2,943
Total current liabilities	14,123	16,678
	68,500	72,000
Deferred income taxes (Note 4)	42,088	43,937
Other liabilities (Note 4)	1,041	1,295
Total liabilities	125,752	133,910
Commitments and contingencies (Notes 11 and 12)
Preferred stock, $1 par value per shares-authorized, 500,000 shares; issued, none
Common stock, $0.10 par value per shares-authorized, 60,000,000 shares; issued, 20,965,144 shares	2,096	2,096
Additional paid-in capital	167,612	166,398
Retained earnings	27,112	25,922
Accumulated other comprehensive earnings	1,026	1,471
	197,846	195,887
Less treasury stock, at cost, 730,473 shares	(15,020)	(15,020)
Total shareholders' equity	182,826	180,867
Total liabilities and shareholders' equity	$ 308,578	$ 314,777

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Feb. 26, 2017	Feb. 28, 2016
Allowance for doubtful accounts receivable	$ 294	$ 324
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares issued (in shares)	20,965,144	20,965,144

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Net sales	$ 114,609	$ 145,855	$ 162,086
Cost of sales	84,568	103,103	113,133
Gross profit	30,041	42,752	48,953
Selling, general and administrative expenses	19,739	21,211	24,373
Restructuring charges (Note 8)	313	535	1,179
Earnings from operations	9,989	21,006	23,401
Interest expense (Note 10)	1,432	1,657	1,438
Interest and other income	1,704	1,149	827
Earnings before income taxes	10,261	20,498	22,790
Income tax provision (Note 4)	978	2,469	2,747
Net earnings	$ 9,283	$ 18,029	$ 20,043
Earnings per share (Note 7):
Basic earnings per share (in dollars per share)	$ 0.46	$ 0.89	$ 0.96
Weighted average common shares outstanding for basic EPS (in shares)	20,235	20,347	20,912
Diluted earnings per share (in dollars per share)	$ 0.46	$ 0.89	$ 0.96
Diluted weighted average shares (in shares)	20,239	20,352	20,986

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Net earnings	$ 9,283	$ 18,029	$ 20,043
Other comprehensive earnings, net of tax:
Foreign currency translation	30	62	185
Unrealized gains on marketable securities:
Other comprehensive (loss) earnings	(445)	3	247
Total comprehensive earnings	8,838	18,032	20,290
Gains on Marketable Securities [Member]
Unrealized gains on marketable securities:
Unrealized holding gains (losses) arising during the period	76	52	90
Less: reclassification adjustment for gains included in net earnings	(228)	(18)	(21)
Losses on Marketable Securities [Member]
Unrealized gains on marketable securities:
Unrealized holding gains (losses) arising during the period	(411)	(156)	(20)
Less: reclassification adjustment for gains included in net earnings	$ 88	$ 63	$ 13

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Mar. 02, 2014	20,882,844				4,074
Balance at Mar. 02, 2014	$ 2,088	$ 161,677	$ 35,651	$ 1,221	$ (94)
Net earnings			20,043			$ 20,043
Foreign currency translation				185		$ 185
Unrealized holding gains (losses) arising during the period				62
Stock options exercised (in shares)	79,800					79,800
Stock options exercised	$ 8	1,724
Stock-based compensation		1,418
Repurchase of treasury shares (in shares)					126,567
Repurchase of treasury shares					$ (2,738)
Cash dividends			(39,646)
Balance (in shares) at Mar. 01, 2015	20,962,644				130,641
Balance at Mar. 01, 2015	$ 2,096	164,819	16,048	1,468	$ (2,832)
Net earnings			18,029			$ 18,029
Foreign currency translation				62		$ 62
Unrealized holding gains (losses) arising during the period				(59)
Stock options exercised (in shares)	2,500					2,500
Stock options exercised		44
Stock-based compensation		1,535
Repurchase of treasury shares (in shares)					599,832
Repurchase of treasury shares					$ (12,188)
Cash dividends			(8,155)
Balance (in shares) at Feb. 28, 2016	20,965,144				730,473
Balance at Feb. 28, 2016	$ 2,096	166,398	25,922	1,471	$ (15,020)	$ 180,867
Net earnings			9,283			9,283
Foreign currency translation				30		$ 30
Unrealized holding gains (losses) arising during the period				(475)
Stock options exercised (in shares)
Stock-based compensation		1,214
Cash dividends			(8,093)
Balance (in shares) at Feb. 26, 2017	20,965,144				730,473
Balance at Feb. 26, 2017	$ 2,096	$ 167,612	$ 27,112	$ 1,026	$ (15,020)	$ 182,826

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Retained Earnings [Member]
Cash dividends, per share (in dollars per share)	$ 0.40	$ 0.40	$ 1.90

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Cash flows from operating activities:
Net earnings	$ 9,283	$ 18,029	$ 20,043
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation, Depletion and Amortization	3,106	3,369	3,559
Stock-based compensation	1,214	1,535	1,418
Provision for deferred income taxes	(1,533)	(11,412)	(2,815)
Amortization of bond premium	434	886	796
Gain on sale of fixed assets		(31)
Accounts receivable	5,312	(1,152)	1,138
Inventories	(916)	4,225	(664)
Prepaid expenses and other current assets	(422)	(131)	1,713
Other assets and liabilities	(229)	620	1,490
Accounts payable	(1,964)	(727)	322
Accrued liabilities	(1,198)	(65)	866
Income taxes payable	80	(1,198)	1,145
Net cash provided by operating activities	13,167	13,948	29,011
Cash flows from investing activities:
Purchase of property, plant and equipment	(242)	(398)	(430)
Proceeds from sales of property, plant and equipment		2,057
Purchases of marketable securities	(72,827)	(105,998)	(100,074)
Proceeds from sales and maturities of marketable securities	75,547	96,322	105,985
Net cash provided by (used in) investing activities	2,478	(8,017)	5,481
Cash flows from financing activities:
Dividends paid	(8,093)	(8,155)	(39,646)
Decrease (increase) in restricted cash		(10,000)	25,000
Proceeds from exercise of stock options		44	1,732
Proceeds from long-term debt		75,000
Payments of long-term debt	(3,000)	(94,000)	(10,000)
Payments for debt issuance costs		(196)	(296)
Purchase of treasury stock		(12,188)	(2,738)
Net cash used in financing activities	(11,093)	(49,495)	(25,948)
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	4,552	(43,564)	8,544
Effect of exchange rate changes on cash and cash equivalents	129	(217)	(156)
Increase (decrease) in cash and cash equivalents	4,681	(43,781)	8,388
Cash and cash equivalents, beginning of year	97,757	141,538	133,150
Cash and cash equivalents, end of year	$ 102,438	$ 97,757	$ 141,538

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Summary of Significant Accounting Policies Park Electrochemical Corp. (“Park”), through its subsidiaries (collectively, the “Company”), is a global advanced materials company which develops and manufactures advanced composite materials, primary and secondary a. Principles of Consolidation b. Use of Estimates may c. A ccounting Period 52 53 February. 2017, 2016 2015 February 26, 2017, February 28, 2016 March 1, 2015, 2017, 2016 2015 52 d. Fair Value Measurements – (i.e. Fair value measurements are broken down into three Level 1 Level 2 1 2 e.g. Level 3 The fair value of the Company’s cash and cash equivalents, accounts receivable, accounts payable and current 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 10). 1 2 2). The Company’s non-financial assets measured at fair value on a non-recurring basis include goodwill and any long-lived assets written down to fair value. To measure fair value of such assets, the Company uses Level 3 2017 2016 e. Cash and Cash Equivalents – 90 $29,942 $39,968 February 26, 2017 February 28, 2016, 2 $237,743 $248,590 February 26, 2017 The Company classifies amounts required by the Credit Agreement described in Note 10 Supplemental cash flow information: Fiscal Year 2017 2016 2015 Cash paid during the year for: Income taxes, net of refunds $ 3,648 $ 14,728 $ 1,707 Interest 1,342 1,119 1,380 At February 26, 2017 February 28, 2016, $22,218 $28,878, f. Marketable Securities g . Inventories (first first h . Revenue Recognition i . Sales Allowances and Product Warranties may may 1.0% three j. Accounts Receivable – may k . Valuation of Long-Lived Assets may 2017, 2016 2015 l. Goodwill and Other Intangible Assets 15 may first two first fourth 2017, 2016 2015 m . Shipping Costs third $2,354, $2,855 $3,398 2017, 2016 2015 n . Property, Plant and Equipment 10 25 30 $3,106, $3,369 $3,559 2017, 2016 2015 o . Income Taxes may Tax benefits are recognized for an uncertain tax position when, in the Company’s judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax position that meets the more-likely-than-not recognition threshold, the tax benefit is measured as the largest amount that is judged to have a greater than 50% p. Foreign Currency Translation q. Stock-Based Compensation four r. Treasury Stock –

Note 2 - Marketable Securities

Note 2 - Marketable Securities	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. MArketable Securities The following is a summary of available-for-sale securities: February 26, 2017 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 111,261 $ 111,261 $ - $ - U.S. corporate debt securities 24,891 24,891 - - Total marketable securities $ 136,152 $ 136,152 $ - $ - February 28, 2016 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 118,194 $ 118,194 $ - $ - U.S. corporate debt securities 21,474 21,474 - - Total marketable securities $ 139,668 $ 139,668 $ - $ - The following tables show the amortized cost basis, gross unrealized gains and losses and gross realized gains and losses on the Company’s available-for-sale securities: Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses February 26, 2017: U.S. Treasury and other government securities $ 111,727 $ 136 $ 602 U.S. corporate debt securities 24,938 1 48 Total marketable securities $ 136,665 $ 137 $ 650 February 28, 2016: U.S. Treasury and other government securities $ 117,897 $ 372 $ 74 U.S. corporate debt securities 21,554 - 81 Total marketable securities $ 139,451 $ 372 $ 155 Fiscal Year 2017 2016 2015 Gross realized gains on sale $ - $ - $ 17 Gross realized losses on sale $ - $ - $ 44 The estimated fair values of such securities at February 26, 2017, Due in one year or less $ 53,250 Due after one year through five years 82,902 $ 136,152

Note 3 - Other Balance Sheet Da

Note 3 - Other Balance Sheet Data	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	3. Other balance sheet data Other balance sheet data consisted of the following: February 26, February 28, 2017 2016 Inventories: Raw materials $ 5,842 $ 5,462 Work-in-process 2,329 2,215 Finished goods 2,585 2,172 Manufacturing supplies 349 365 $ 11,105 $ 10,214 Property, plant and equipment: Land, buildings and improvements $ 39,822 $ 39,915 Machinery, equipment, furniture and fixtures 129,696 130,143 169,518 170,058 Less: accumulated depreciation and amortization 150,880 148,546 $ 18,638 $ 21,512 Goodwill and other intangible assets: Goodwill $ 9,776 $ 9,776 Other intangibles 49 57 $ 9,825 $ 9,833 Accrued liabilities: Payroll and payroll related $ 1,361 $ 2,078 Employee benefits 147 279 Workers' compensation 154 241 Professional fees 578 762 Restructuring (Note 8) 16 64 Other 1,161 1,156 $ 3,417 $ 4,580 Property, Plant and Equipment 2004 zero, 2018 $2,026 2016

Note 4 - Income Taxes

Note 4 - Income Taxes	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	4. Income Taxes The income tax provision includes the following: Fiscal Year 2017 2016 2015 Current: Federal $ (532 ) $ 10,118 $ - State and local (40 ) (120 ) (39 ) Foreign 3,083 3,883 5,601 2,511 13,881 5,562 Deferred: Federal (369 ) (11,273 ) (2,238 ) State and local (590 ) (205 ) (290 ) Foreign (574 ) 66 (287 ) (1,533 ) (11,412 ) (2,815 ) $ 978 $ 2,469 $ 2,747 State income tax benefits from loss carryforwards to future years were recognized as deferred tax assets in the 2017, 2016 2015 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 evaluations, the Company repatriated $6,800, $61,000 $0 2017, 2016 2015 The Company’s pre-tax earnings from the United States and foreign locations are as follows: Fiscal Year 2017 2016 2015 United States $ (4,742 ) $ (3,331 ) $ (6,704 ) Foreign 15,003 23,829 29,494 Earnings before income taxes $ 10,261 $ 20,498 $ 22,790 The Company’s effective income tax rate differs from the statutory U.S. Federal income tax rate as a result of the following: Fiscal Year 2017 2016 2015 Statutory U.S. Federal tax rate 34.0 % 35.0 % 34.0 % State and local taxes, net of 2.4 % 1.2 % (1.1 %) Foreign tax rate differentials (24.4 %) (21.0 %) (22.2 %) Valuation allowance on deferred tax assets (5.3 %) (0.2 %) 0.6 % Adjustment on tax accruals 6.8 % 3.3 % 1.3 % Foreign tax credits (3.3 %) (1.1 %) (0.5 %) Deferred tax liability on undistributed foreign earnings (3.4 %) (4.5 %) - Permanent differences and other 2.7 % (0.7 %) - 9.5 % 12.0 % 12.1 % The Company had federal net operating loss carryforwards of $0 2017 2016 $16,343 $10,083 2017 2016 $30,647 $30,871 2017 2016 2016 2018 2037. The Company had foreign tax credit carryforwards of $258 $524 February 26, 2017 February 28, 2016, 2027. February 26, 2017 February 28, 2016, $47 $0, The Company had New York State investment tax credit carryforwards of $0 $478 2017 2016 2017. $225 2017 2016, $135 2017 2016, The deferred tax asset valuation allowance of $10,571 February 26, 2017 2017 $544 Significant components of the Company's deferred tax assets and liabilities as of February 26, 2017 February 28, 2016 February 26, February 28, 2017 2016 Deferred tax assets: Depreciation and amortization $ 3,740 $ 3,761 Net operating loss carryforwards 11,049 10,800 Tax credits carryforward 677 1,363 Stock options 1,865 1,925 Other, net 282 578 17,613 18,427 Valuation allowance on deferred tax assets (10,571 ) (11,115 ) Total deferred tax assets, net of valuation allowance 7,042 7,312 Deferred tax liabilities: Depreciation (572 ) (526 ) Undistributed earnings (47,509 ) (48,865 ) Other (781 ) (1,281 ) Total deferred tax liabilities (48,862 ) (50,672 ) Net deferred tax liability $ (41,820 ) $ (43,360 ) On the Consolidated Balance Sheets, the deferred tax asset, net of valuation allowance, of $268 February 26, 2017 $584 February 28, 2016 At February 26, 2017 February 28, 2016, $1,041 $1,295, February 26, 2017 As discussed in Note 16, February 28, 2016 2015 17 Income Taxes (Topic 740): A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows: Unrecognized Tax Benefits February 26, February 28, March 1, 2017 2016 2015 Balance, beginning of year $ 1,255 $ 1,135 $ 276 Gross decreases-tax positions in prior period (293 ) - (21 ) Gross increases-current period tax positions 274 271 880 Audit settlements (42 ) (57 ) - Lapse of statute of limitations (170 ) (94 ) - Balance, end of year $ 1,024 $ 1,255 $ 1,135 The amount of unrecognized tax benefits may 2018 A list of open tax years by major jurisdiction follows: California 2014 - 2017 New York 2012 - 2017 France 2014 - 2017 Singapore 2013 - 2017 The Company had approximately $16 $51 February 26, 2017 February 28, 2016, The New York State Department of Taxation is examining the Company’s tax returns for the 2012, 2013, 2014 2015

Note 5 - Stock-based Compensati

Note 5 - Stock-based Compensation	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	5. STOCK-BASED COMPENSATION As of February 26, 2017, 2002 25% one 25% 10 1,800,000 February 26, 2017, 1,466,030 395,501 The compensation expense for stock options includes an estimate for forfeitures and is recognized on a straight-line basis over the requisite service period. The future compensation expense to be recognized in earnings before income taxes for options outstanding at February 26, 2017 $1,852, 2.02 The Company records its stock-based compensation at fair value. The weighted average fair value for options was estimated at the dates of grants, using the Black-Scholes option pricing model. The following table represents the weighted average fair value and valuation assumptions used for options granted in the 2017 , 2016 and 2015 fiscal years: Fiscal Year 2017 2016 2015 Weighted average fair value per share of option grants $3.15 $5.30 $8.05 Risk-free interest rates 1.77% 1.57 - 1.86% 2.03 - 2.18% Expected stock price volatility 28.9% 27.91 - 31.71% 31.07 - 31.59% Expected dividend yields 2.23% 1.84 - 2.76% 1.34 - 1.77% Estimated option terms (in years) 5.3 5.3 - 7.9 7.8 The risk-free interest rates are based on U.S. Treasury rates at the date of grant with maturity dates approximately equal to the estimated term of the options at the date of the grant. Volatility factors are based on historical volatility of the Company’s common stock. The expected dividend yields are based on the regular quarterly cash dividend per share most recently declared by the Company and on the exercise price of the options granted during the 2017 During the fourth 2015 $1.50 $1.50 February 2015. $47 $131 2017 2016 Information with respect to stock option activity follows: Outstanding Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Balance, March 2, 2014 1,081,117 $ 23.84 Granted 18,000 25.81 Exercised (79,800 ) 21.49 Terminated or expired (52,625 ) 24.21 Granted under option modification 996,892 22.55 Cancelled under option modification (996,892 ) 24.05 Balance, March 1, 2015 966,692 $ 22.55 Granted 379,450 17.82 Exercised (2,500 ) 19.91 Terminated or expired (117,250 ) 21.53 Balance, February 28, 2016 1,226,392 $ 21.19 Granted 1,250 14.07 Exercised - - Terminated or expired (157,113 ) 21.66 Balance, February 26, 2017 1,070,529 $ 21.08 5.52 $ - Vested and exercisable, February 26, 2017 762,217 $ 22.07 4.40 $ - Expected to vest, February 26, 2017 1,009,509 $ 21.08 5.52 $ - The aggregate intrinsic values realized (the market value of the underlying shares on the date of exercise, less the exercise price, times the number of shares acquired) from the exercise of options during the 2017, 2016 2015 $0, $4 $688, A summary of the status of the Company’s non-vested options at February 26, 2017, Shares Subject to Options Weighted Average Grant Date Fair Value Non-vested, beginning of year 504,867 $ 8.27 Granted 1,250 3.15 Vested (136,505 ) 6.44 Terminated or expired (61,300 ) 7.84 Non-vested, end of year 308,312 $ 6.09

Note 6 - Shareholders' Equity

Note 6 - Shareholders' Equity	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	6. SHAREHOLDERS’ EQUITY Treasury Stock January 8, 2015, 1,250,000 6% 20,945,634 January 7, 2015. On March 10, 2016, 1,000,000 January 8, 2015. 1,531,412 7.6% 20,234,671 May 5, 2017. During the 2016 599,832 $12,187, 1,531,412 may January 8, 2015 March 10, 2016 Reserved Common Shares February 26, 2017, 1,466,030 Accumulated Other Comprehensive Earnings February 26, 2017 February 28, 2016 Currency translation adjustment $ 1,360 $ 1,330 Unrealized gains (losses) on investments, (334 ) 141 Accumulated balance $ 1,026 $ 1,471

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
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 potential common stock equivalents outstanding during the period. Stock options are the only common stock equivalents; 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: Fiscal Year (Amounts in thousands, except per share amounts) 2017 2016 2015 Net earnings $ 9,283 $ 18,029 $ 20,043 Weighted average common shares 20,235 20,347 20,912 Net effect of dilutive options 4 5 74 Weighted average shares outstanding for diluted EPS 20,239 20,352 20,986 Basic earnings per share $ 0.46 $ 0.89 $ 0.96 Diluted earnings per share $ 0.46 $ 0.89 $ 0.96 Potentially dilutive stock options, which were not included in the computation of diluted earnings per share because either the effect would have been antidilutive or the options’ exercise prices were greater than the average market price of the common stock, were 884,905, 919,509 192,063 2017, 2016 2015

Note 8 - Restructuring Charges

Note 8 - Restructuring Charges	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	8. restructuring charges The Company paid $0 $100 2017 2016 2013 $2,026 2016 The Company recorded additional restructuring charges of $313 $435 2017 2016 2009 2004 zero, 2018 In the 2015 $496 2016 2015 $504

Note 9 - Employee Benefit Plans

Note 9 - Employee Benefit Plans	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	9. Employee Benefit Plans Profit Sharing Plan may may $212 $100 2016 2015, 2017 may Savings Plan 401(k) $101, $112 $123 2017 , 2016 and 2015 fiscal years, respectively.

Note 10 - Long-term Debt

Note 10 - Long-term Debt	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	10. LONG-TERM DEBT On January 15, 2016, three February 2014. $75,000 $2,000. 2016 $75,000 twelve $750 January 26, 2019. April 21, 2017, first second 2018 $750 $1,000. Borrowings under the Credit Agreement bear interest at a rate equal to, at the Company’s option, either (a) a fluctuating rate per annum (computed on the basis of a year of 365 366 may 360 one, two, three six 1.15%. 0.10% 360 On January 5, 2017, one, two, three, six 1.65% April 5, 2017, 1.90% April 6, 2017 July 5, 2017, 2.15% July 6, 2017 October 5, 2017 2.65% October 5, 2017. The Credit Agreement and the Amended Credit Agreement contain certain customary affirmative and negative covenants, including customary financial covenants. The covenants require the Company to (a) maintain a gross leverage charge ratio not to exceed 4.50 1.00 February 26, 2017 May 28, 2017, 4.25 1.00 August 27, 2017 3.75 1.00 0.30 1.00 February 26, 2017, 0.20 1.00 May 28, 2017, 0.50 1.00 August 27, 2017 1.10 1.00 2.00 1.00 first January 26, 2016 $10,000 At February 26, 2017, $72,000 2.49%. $1,432, $1,365 $1,438 2017, 2016 2015 $292 fourth 2016 At February 26, 2017, Fiscal Year Amount 2018 $ 3,500 2019 68,500 72,000 Less: current portion 3,500 $ 68,500

Note 11 - Commitments

Note 11 - Commitments	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Commitments Disclosure [Text Block]	11. Commitments The Company conducts certain of its operations in leased facilities, which include several manufacturing plants, warehouses and offices. The leases of facilities are for terms of up to 10 2021. one ten 2040. These non-cancelable leases have the following payment schedule: Fiscal Year Amount 2018 $ 1,937 2019 1,709 2020 1,694 2021 1,262 2022 338 Thereafter 2,743 $ 9,683 Rental expenses, inclusive of real estate taxes and other costs, were $2,018, $2,774 $2,881 2017, 2016 2015

Note 12 - Contingencies

Note 12 - Contingencies	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Contingencies Disclosure [Text Block]	12. 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 liquidity, capital resources, business or consolidated results of operations or financial position of the Company. 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 Under the Superfund Act and similar state laws, all parties who may may 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% three 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 expected to be reimbursed by insurance carriers, were approximately $0, $2 $23 2017, 2016 2015 no 2017 2016 Such recorded liabilities do not include 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 three 100% three 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 will not have a material adverse effect on the Company’s results of operations, cash flows or financial position.

Note 13 - Geographic Regions

Note 13 - Geographic Regions	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	13. GEOGRAPHIC REGIONS The Company is a global advanced materials company which develops and manufactures advanced composite materials, primary and secondary 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: Fiscal Year 2017 2016 2015 Sales: North America $ 60,949 $ 75,215 $ 75,395 Asia 44,613 61,264 76,000 Europe 9,047 9,376 10,691 Total sales $ 114,609 $ 145,855 $ 162,086 Long-lived assets: North America $ 20,794 $ 22,846 $ 23,562 Asia 8,440 9,478 12,490 Europe 214 268 325 Total long-lived assets $ 29,448 $ 32,592 $ 36,377

Note 14 - Customer and Supplier

Note 14 - Customer and Supplier Concentrations	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	14. Customer and Supplier Concentrations Customers 16.2% 13.8% 2017 and 201 6 2015 10% While no other customer accounted for 10% 2017 or 2016 Sources of Supply

Note 15 - Subsequent Event

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, four six Park expects to incur a pre-tax charge in connection with the consolidation of approximately $5,000 $5,500. first nine February 25, 2018. $300 nine $3,000 $3,500

Note 16 - Accounting Pronouncem

Note 16 - Accounting Pronouncements	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	1 6 . ACCOUNTING PRONOUNCEMENTS Recently Adopted In November 2015, 2015 17, Income Taxes (Topic 740): December 15, 2016 fourth 2016 Recently Issued In November 2016, 2016 18, Statement of Cash Flows (Topic 230): December 15, 2017 may In August 2016, 2016 15 , Statement of Cash Flows (Topic 230) December 15, 2017 may In March 2016, 2016 09, Compensation – Stock Compensation (Topic 718): nts to Employee Share-Based Payment Accounting December 15, 2016 In February 2016, 2016 02, Leases (Topic 842), December 15, 2018, i.e. January 1, 2019, may In May 2014, 606, Revenue from Contracts with Customers 605, Revenue Recognition December 15, 2016, August 2015, one December 15, 2017,

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Quarterly Financial Information [Text Block]	PARK ELECTROCHEMICAL CORP. AND SUBSIDIARIES Selected Quarterly Financial Data (Unaudited) (Amounts in thousands, except per share amounts) Quarter First Second Third Fourth Fiscal 2017: Net sales $ 31,490 $ 29,058 $ 26,462 $ 27,599 Gross profit 8,787 7,234 6,634 7,386 Net earnings 2,950 1,981 1,875 2,477 Basic net earnings per share $ 0.15 $ 0.10 $ 0.09 $ 0.12 Diluted net earnings per share $ 0.15 $ 0.10 $ 0.09 $ 0.12 Weighted average common shares outstanding: Basic 20,235 20,235 20,235 20,235 Diluted 20,235 20,235 20,235 20,253 Fiscal 2016: Net sales $ 37,829 $ 37,947 $ 34,323 $ 35,756 Gross profit 11,367 10,361 10,297 10,727 Net earnings 4,777 4,569 4,109 4,574 Basic net earnings per share $ 0.23 $ 0.23 $ 0.20 $ 0.23 Diluted net earnings per share $ 0.23 $ 0.23 $ 0.20 $ 0.23 Weighted average common shares outstanding: Basic 20,546 20,337 20,253 20,251 Diluted 20,565 20,340 20,253 20,251 Earnings per share are computed separately for each quarter. Therefore, the sum of such quarterly per share amounts may

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Feb. 26, 2017
Notes to Financial Statements
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	PARK ELECTROCHEMICAL CORP. AND SUBSIDIARIES SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS Column C Column A Column B Additions Column D Column E Description Balance at Beginning of Period Costs and Expenses Other Reductions Balance at End of Period DEFERRED INCOME TAX ASSET VALUATION ALLOWANCE: 52 weeks ended February 26, 2017 $ 11,115,000 $ - $ - $ (544,000 ) $ 10,571,000 52 weeks ended February 28, 2016 $ 11,887,000 $ 29,100 $ - $ (801,100 ) $ 11,115,000 52 weeks ended March 1, 2015 $ 11,941,000 $ 123,000 $ - $ (177,000 ) $ 11,887,000 Column D Column A Column B Column C Other Column E Description Balance at Beginning of Period Charged to Cost and Expenses Accounts Written Off (A) Translation Adjustment Balance at End of Period ALLOWANCE FOR DOUBTFUL ACCOUNTS: 52 weeks ended February 26, 2017 $ 324,000 $ (27,000 ) $ (3,000 ) $ - $ 294,000 52 weeks ended February 28, 2016 $ 396,000 $ (2,000 ) $ (70,000 ) $ - $ 324,000 52 weeks ended March 1, 2015 $ 416,000 $ (5,000 ) $ (15,000 ) $ - $ 396,000 (A)

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Feb. 26, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	a. Principles of Consolidation
Use of Estimates, Policy [Policy Text Block]	b. Use of Estimates may
Fiscal Period, Policy [Policy Text Block]	c. A ccounting Period 52 53 February. 2017, 2016 2015 February 26, 2017, February 28, 2016 March 1, 2015, 2017, 2016 2015 52
Fair Value Measurement, Policy [Policy Text Block]	d. Fair Value Measurements – (i.e. Fair value measurements are broken down into three Level 1 Level 2 1 2 e.g. Level 3 The fair value of the Company’s cash and cash equivalents, accounts receivable, accounts payable and current 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 10). 1 2 2). The Company’s non-financial assets measured at fair value on a non-recurring basis include goodwill and any long-lived assets written down to fair value. To measure fair value of such assets, the Company uses Level 3 2017 2016
Cash and Cash Equivalents, Policy [Policy Text Block]	e. Cash and Cash Equivalents – 90 $29,942 $39,968 February 26, 2017 February 28, 2016, 2 $237,743 $248,590 February 26, 2017 The Company classifies amounts required by the Credit Agreement described in Note 10 Supplemental cash flow information: Fiscal Year 2017 2016 2015 Cash paid during the year for: Income taxes, net of refunds $ 3,648 $ 14,728 $ 1,707 Interest 1,342 1,119 1,380 At February 26, 2017 February 28, 2016, $22,218 $28,878,
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block]	f. Marketable Securities
Inventory, Policy [Policy Text Block]	g . Inventories (first first
Revenue Recognition, Policy [Policy Text Block]	h . Revenue Recognition
Revenue Recognition, Sales Returns [Policy Text Block]	i . Sales Allowances and Product Warranties may may 1.0% three
Trade and Other Accounts Receivable, Policy [Policy Text Block]	j. Accounts Receivable – may
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	k . Valuation of Long-Lived Assets may 2017, 2016 2015
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	l. Goodwill and Other Intangible Assets 15 may first two first fourth 2017, 2016 2015
Shipping and Handling Cost, Policy [Policy Text Block]	m . Shipping Costs third $2,354, $2,855 $3,398 2017, 2016 2015
Property, Plant and Equipment, Policy [Policy Text Block]	n . Property, Plant and Equipment 10 25 30 $3,106, $3,369 $3,559 2017, 2016 2015
Income Tax, Policy [Policy Text Block]	o . Income Taxes may Tax benefits are recognized for an uncertain tax position when, in the Company’s judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax position that meets the more-likely-than-not recognition threshold, the tax benefit is measured as the largest amount that is judged to have a greater than 50%
Foreign Currency Transactions and Translations Policy [Policy Text Block]	p. Foreign Currency Translation
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	q. Stock-Based Compensation four
Treasury Stock Policy [Policy Text Block]	r. Treasury Stock –

Note 1 - Summary of Significa28

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Fiscal Year 2017 2016 2015 Cash paid during the year for: Income taxes, net of refunds $ 3,648 $ 14,728 $ 1,707 Interest 1,342 1,119 1,380

Note 2 - Marketable Securities

Note 2 - Marketable Securities (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Table Text Block]	February 26, 2017 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 111,261 $ 111,261 $ - $ - U.S. corporate debt securities 24,891 24,891 - - Total marketable securities $ 136,152 $ 136,152 $ - $ - February 28, 2016 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 118,194 $ 118,194 $ - $ - U.S. corporate debt securities 21,474 21,474 - - Total marketable securities $ 139,668 $ 139,668 $ - $ -
Schedule of Unrealized Loss on Investments [Table Text Block]	Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses February 26, 2017: U.S. Treasury and other government securities $ 111,727 $ 136 $ 602 U.S. corporate debt securities 24,938 1 48 Total marketable securities $ 136,665 $ 137 $ 650 February 28, 2016: U.S. Treasury and other government securities $ 117,897 $ 372 $ 74 U.S. corporate debt securities 21,554 - 81 Total marketable securities $ 139,451 $ 372 $ 155
Realized Gain (Loss) on Investments [Table Text Block]	Fiscal Year 2017 2016 2015 Gross realized gains on sale $ - $ - $ 17 Gross realized losses on sale $ - $ - $ 44
Investments Classified by Contractual Maturity Date [Table Text Block]	Due in one year or less $ 53,250 Due after one year through five years 82,902 $ 136,152

Note 3 - Other Balance Sheet 30

Note 3 - Other Balance Sheet Data (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Other Balance Sheet Data [Table Text Block]	February 26, February 28, 2017 2016 Inventories: Raw materials $ 5,842 $ 5,462 Work-in-process 2,329 2,215 Finished goods 2,585 2,172 Manufacturing supplies 349 365 $ 11,105 $ 10,214 Property, plant and equipment: Land, buildings and improvements $ 39,822 $ 39,915 Machinery, equipment, furniture and fixtures 129,696 130,143 169,518 170,058 Less: accumulated depreciation and amortization 150,880 148,546 $ 18,638 $ 21,512 Goodwill and other intangible assets: Goodwill $ 9,776 $ 9,776 Other intangibles 49 57 $ 9,825 $ 9,833 Accrued liabilities: Payroll and payroll related $ 1,361 $ 2,078 Employee benefits 147 279 Workers' compensation 154 241 Professional fees 578 762 Restructuring (Note 8) 16 64 Other 1,161 1,156 $ 3,417 $ 4,580

Note 4 - Income Taxes (Tables)

Note 4 - Income Taxes (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Fiscal Year 2017 2016 2015 Current: Federal $ (532 ) $ 10,118 $ - State and local (40 ) (120 ) (39 ) Foreign 3,083 3,883 5,601 2,511 13,881 5,562 Deferred: Federal (369 ) (11,273 ) (2,238 ) State and local (590 ) (205 ) (290 ) Foreign (574 ) 66 (287 ) (1,533 ) (11,412 ) (2,815 ) $ 978 $ 2,469 $ 2,747
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Fiscal Year 2017 2016 2015 United States $ (4,742 ) $ (3,331 ) $ (6,704 ) Foreign 15,003 23,829 29,494 Earnings before income taxes $ 10,261 $ 20,498 $ 22,790
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Fiscal Year 2017 2016 2015 Statutory U.S. Federal tax rate 34.0 % 35.0 % 34.0 % State and local taxes, net of 2.4 % 1.2 % (1.1 %) Foreign tax rate differentials (24.4 %) (21.0 %) (22.2 %) Valuation allowance on deferred tax assets (5.3 %) (0.2 %) 0.6 % Adjustment on tax accruals 6.8 % 3.3 % 1.3 % Foreign tax credits (3.3 %) (1.1 %) (0.5 %) Deferred tax liability on undistributed foreign earnings (3.4 %) (4.5 %) - Permanent differences and other 2.7 % (0.7 %) - 9.5 % 12.0 % 12.1 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	February 26, February 28, 2017 2016 Deferred tax assets: Depreciation and amortization $ 3,740 $ 3,761 Net operating loss carryforwards 11,049 10,800 Tax credits carryforward 677 1,363 Stock options 1,865 1,925 Other, net 282 578 17,613 18,427 Valuation allowance on deferred tax assets (10,571 ) (11,115 ) Total deferred tax assets, net of valuation allowance 7,042 7,312 Deferred tax liabilities: Depreciation (572 ) (526 ) Undistributed earnings (47,509 ) (48,865 ) Other (781 ) (1,281 ) Total deferred tax liabilities (48,862 ) (50,672 ) Net deferred tax liability $ (41,820 ) $ (43,360 )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	Unrecognized Tax Benefits February 26, February 28, March 1, 2017 2016 2015 Balance, beginning of year $ 1,255 $ 1,135 $ 276 Gross decreases-tax positions in prior period (293 ) - (21 ) Gross increases-current period tax positions 274 271 880 Audit settlements (42 ) (57 ) - Lapse of statute of limitations (170 ) (94 ) - Balance, end of year $ 1,024 $ 1,255 $ 1,135
Summary of Income Tax Examinations [Table Text Block]	California 2014 - 2017 New York 2012 - 2017 France 2014 - 2017 Singapore 2013 - 2017

Note 5 - Stock-based Compensa32

Note 5 - Stock-based Compensation (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Fiscal Year 2017 2016 2015 Weighted average fair value per share of option grants $3.15 $5.30 $8.05 Risk-free interest rates 1.77% 1.57 - 1.86% 2.03 - 2.18% Expected stock price volatility 28.9% 27.91 - 31.71% 31.07 - 31.59% Expected dividend yields 2.23% 1.84 - 2.76% 1.34 - 1.77% Estimated option terms (in years) 5.3 5.3 - 7.9 7.8
Share-based Compensation, Stock Options, Activity [Table Text Block]	Outstanding Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Balance, March 2, 2014 1,081,117 $ 23.84 Granted 18,000 25.81 Exercised (79,800 ) 21.49 Terminated or expired (52,625 ) 24.21 Granted under option modification 996,892 22.55 Cancelled under option modification (996,892 ) 24.05 Balance, March 1, 2015 966,692 $ 22.55 Granted 379,450 17.82 Exercised (2,500 ) 19.91 Terminated or expired (117,250 ) 21.53 Balance, February 28, 2016 1,226,392 $ 21.19 Granted 1,250 14.07 Exercised - - Terminated or expired (157,113 ) 21.66 Balance, February 26, 2017 1,070,529 $ 21.08 5.52 $ - Vested and exercisable, February 26, 2017 762,217 $ 22.07 4.40 $ - Expected to vest, February 26, 2017 1,009,509 $ 21.08 5.52 $ -
Schedule of Nonvested Share Activity [Table Text Block]	Shares Subject to Options Weighted Average Grant Date Fair Value Non-vested, beginning of year 504,867 $ 8.27 Granted 1,250 3.15 Vested (136,505 ) 6.44 Terminated or expired (61,300 ) 7.84 Non-vested, end of year 308,312 $ 6.09

Note 6 - Shareholders' Equity (

Note 6 - Shareholders' Equity (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	February 26, 2017 February 28, 2016 Currency translation adjustment $ 1,360 $ 1,330 Unrealized gains (losses) on investments, (334 ) 141 Accumulated balance $ 1,026 $ 1,471

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Fiscal Year (Amounts in thousands, except per share amounts) 2017 2016 2015 Net earnings $ 9,283 $ 18,029 $ 20,043 Weighted average common shares 20,235 20,347 20,912 Net effect of dilutive options 4 5 74 Weighted average shares outstanding for diluted EPS 20,239 20,352 20,986 Basic earnings per share $ 0.46 $ 0.89 $ 0.96 Diluted earnings per share $ 0.46 $ 0.89 $ 0.96

Note 10 - Long-term Debt (Table

Note 10 - Long-term Debt (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Maturities of Long-term Debt [Table Text Block]	Fiscal Year Amount 2018 $ 3,500 2019 68,500 72,000 Less: current portion 3,500 $ 68,500

Note 11 - Commitments (Tables)

Note 11 - Commitments (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Fiscal Year Amount 2018 $ 1,937 2019 1,709 2020 1,694 2021 1,262 2022 338 Thereafter 2,743 $ 9,683

Note 13 - Geographic Regions (T

Note 13 - Geographic Regions (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	Fiscal Year 2017 2016 2015 Sales: North America $ 60,949 $ 75,215 $ 75,395 Asia 44,613 61,264 76,000 Europe 9,047 9,376 10,691 Total sales $ 114,609 $ 145,855 $ 162,086 Long-lived assets: North America $ 20,794 $ 22,846 $ 23,562 Asia 8,440 9,478 12,490 Europe 214 268 325 Total long-lived assets $ 29,448 $ 32,592 $ 36,377

Selected Quarterly Financial 38

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Quarterly Financial Information [Table Text Block]	Quarter First Second Third Fourth Fiscal 2017: Net sales $ 31,490 $ 29,058 $ 26,462 $ 27,599 Gross profit 8,787 7,234 6,634 7,386 Net earnings 2,950 1,981 1,875 2,477 Basic net earnings per share $ 0.15 $ 0.10 $ 0.09 $ 0.12 Diluted net earnings per share $ 0.15 $ 0.10 $ 0.09 $ 0.12 Weighted average common shares outstanding: Basic 20,235 20,235 20,235 20,235 Diluted 20,235 20,235 20,235 20,253 Fiscal 2016: Net sales $ 37,829 $ 37,947 $ 34,323 $ 35,756 Gross profit 11,367 10,361 10,297 10,727 Net earnings 4,777 4,569 4,109 4,574 Basic net earnings per share $ 0.23 $ 0.23 $ 0.20 $ 0.23 Diluted net earnings per share $ 0.23 $ 0.23 $ 0.20 $ 0.23 Weighted average common shares outstanding: Basic 20,546 20,337 20,253 20,251 Diluted 20,565 20,340 20,253 20,251

Schedule II - Valuation and Q39

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Feb. 26, 2017
Notes Tables
Valuation Allowances and Reserves [Table Text Block]	Column C Column A Column B Additions Column D Column E Description Balance at Beginning of Period Costs and Expenses Other Reductions Balance at End of Period DEFERRED INCOME TAX ASSET VALUATION ALLOWANCE: 52 weeks ended February 26, 2017 $ 11,115,000 $ - $ - $ (544,000 ) $ 10,571,000 52 weeks ended February 28, 2016 $ 11,887,000 $ 29,100 $ - $ (801,100 ) $ 11,115,000 52 weeks ended March 1, 2015 $ 11,941,000 $ 123,000 $ - $ (177,000 ) $ 11,887,000 Column D Column A Column B Column C Other Column E Description Balance at Beginning of Period Charged to Cost and Expenses Accounts Written Off (A) Translation Adjustment Balance at End of Period ALLOWANCE FOR DOUBTFUL ACCOUNTS: 52 weeks ended February 26, 2017 $ 324,000 $ (27,000 ) $ (3,000 ) $ - $ 294,000 52 weeks ended February 28, 2016 $ 396,000 $ (2,000 ) $ (70,000 ) $ - $ 324,000 52 weeks ended March 1, 2015 $ 416,000 $ (5,000 ) $ (15,000 ) $ - $ 396,000

Note 1 - Summary of Significa40

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015	Mar. 01, 2014	Mar. 02, 2014
Cash and Cash Equivalents, at Carrying Value	$ 102,438	$ 97,757	$ 141,538		$ 133,150
Cash and Marketable Securities	$ 248,590
Sales Returns and Allowance as Percentage of Sales	1.00%	1.00%	1.00%
Finite-Lived Intangible Asset, Useful Life	15 years
Shipping, Handling and Transportation Costs	$ 2,354	$ 2,855	$ 3,398
Depreciation, Depletion and Amortization	3,106	3,369	3,559	$ 2,017
Impairment of Long-Lived Assets Held-for-use	0	0	0
Goodwill, Impairment Loss	$ 0	0	$ 0
Machinery, Equipment, Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life	10 years
Land, Buildings and Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	25 years
Land, Buildings and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	30 years
Cash and Cash Equivalents, Foreign Financial Institutions [Member]
Cash and Cash Equivalents, at Carrying Value	$ 22,218	28,878
Company’s Wholly Owned Foreign Subsidiaries [Member]
Cash and Marketable Securities	237,743
Debt Securities [Member]
Cash and Cash Equivalents, at Carrying Value	$ 29,942	$ 39,968

Note 1 - Summary of Significa41

Note 1 - Summary of Significant Accounting Policies - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Income taxes, net of refunds	$ 3,648	$ 14,728	$ 1,707
Interest	$ 1,342	$ 1,119	$ 1,380

Note 2 - Marketable Securitie42

Note 2 - Marketable Securities - Summary of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Feb. 26, 2017	Feb. 28, 2016
Marketable securities	$ 136,152	$ 139,668
Fair Value, Inputs, Level 1 [Member]
Marketable securities	136,152	139,668
Fair Value, Inputs, Level 2 [Member]
Marketable securities
Fair Value, Inputs, Level 3 [Member]
Marketable securities
US Treasury and Government [Member]
Marketable securities	111,261	118,194
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member]
Marketable securities	111,261	118,194
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member]
Marketable securities
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member]
Marketable securities
Domestic Corporate Debt Securities [Member]
Marketable securities	24,891	21,474
Domestic Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Marketable securities	24,891	21,474
Domestic Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Marketable securities
Domestic Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Marketable securities

Note 2 - Marketable Securitie43

Note 2 - Marketable Securities - Summary of Unrealized Gains/Losses on Available-for-sale Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016
Amortized Cost Basis	$ 136,665	$ 139,451
Gross Unrealized Gains	137	372
Gross Unrealized Losses	650	155
US Treasury and Government [Member]
Amortized Cost Basis	111,727	117,897
Gross Unrealized Gains	136	372
Gross Unrealized Losses	602	74
Domestic Corporate Debt Securities [Member]
Amortized Cost Basis	24,938	21,554
Gross Unrealized Gains	1
Gross Unrealized Losses	$ 48	$ 81

Note 2 - Marketable Securitie44

Note 2 - Marketable Securities - Summary of Realized Gains/Losses on Available-for-Sale Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Gross realized gains on sale			$ 17
Gross realized losses on sale			$ 44

Note 2 - Marketable Securitie45

Note 2 - Marketable Securities - Estimated Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Feb. 26, 2017	Feb. 28, 2016
Due in one year or less	$ 53,250
Due after one year through five years	82,902
	$ 136,152	$ 139,668

Note 3 - Other Balance Sheet 46

Note 3 - Other Balance Sheet Data (Details Textual) - USD ($) $ in Thousands	Feb. 26, 2017	Feb. 28, 2016
New England Laminates Co Inc [Member]
Real Estate Held-for-sale	$ 0
Nelco Technology Zhuhai FTZ Ltd [Member]
Real Estate Held-for-sale		$ 2,026

Note 3 - Other Balance Sheet 47

Note 3 - Other Balance Sheet Data - Other Balance Sheet Data (Details) - USD ($) $ in Thousands	Feb. 26, 2017	Feb. 28, 2016
Inventories:
Raw materials	$ 5,842	$ 5,462
Work-in-process	2,329	2,215
Finished goods	2,585	2,172
Manufacturing supplies	349	365
	11,105	10,214
Property, plant and equipment:
Land, buildings and improvements	169,518	170,058
Less: accumulated depreciation and amortization	150,880	148,546
	18,638	21,512
Goodwill and other intangible assets:
Goodwill	9,776	9,776
Other intangibles	49	57
	9,825	9,833
Accrued liabilities:
Payroll and payroll related	1,361	2,078
Employee benefits	147	279
Workers' compensation	154	241
Professional fees	578	762
Restructuring (Note 8)	16	64
Other	1,161	1,156
	3,417	4,580
Land, Buildings and Improvements [Member]
Property, plant and equipment:
Land, buildings and improvements	39,822	39,915
Machinery, Equipment, Furniture and Fixtures [Member]
Property, plant and equipment:
Land, buildings and improvements	$ 129,696	$ 130,143

Note 4 - Income Taxes (Details

Note 4 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015	Mar. 02, 2014
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$ 0
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	16,343,000	$ 10,083,000
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	30,647,000	30,871,000
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	258,000	524,000
Deferred Tax Assets, Tax Credit Carryforwards, Research	47,000	0
Deferred Tax Assets, Valuation Allowance	10,571,000	11,115,000
Unrecognized Tax Benefits	1,024,000	1,255,000	$ 1,135,000	$ 276,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	16,000	51,000
Prepaid Expenses and Other Current Assets [Member]
Deferred Tax Assets, Net of Valuation Allowance, Current	268,000	584,000
Current Liabilities [Member]
Unrecognized Tax Benefits	$ 1,041,000	1,295,000
State and Local Jurisdiction [Member] | Minimum [Member]
Operating Loss Carryforwards Expiration Year	2,018
State and Local Jurisdiction [Member] | Maximum [Member]
Operating Loss Carryforwards Expiration Year	2,037
Foreign Tax Authority [Member]
Operating Loss Carryforwards Expiration Year	2,027
New York [Member]
Tax Credit Carryforward, Amount	$ 0	478,000
New York [Member] | Tax Year 2012 [Member]
Income Tax Examination, Year under Examination	2,012
New York [Member] | Tax Year 2013 [Member]
Income Tax Examination, Year under Examination	2,013
New York [Member] | Tax Year 2014 [Member]
Income Tax Examination, Year under Examination	2,014
New York [Member] | Tax Year 2015 [Member]
Income Tax Examination, Year under Examination	2,015
New York [Member] | Minimum [Member]
Operating Loss Carryforwards Expiration Year	2,017
Kansas [Member]
Tax Credit Carryforward, Amount	$ 225,000	225,000
Arizona [Member]
Tax Credit Carryforward, Amount	135,000	135,000
Nelco Products Pte Ltd [Member]
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount	$ 6,800,000	61,000,000	$ 0
Nelco Technology Zhuhai FTZ Ltd [Member] | New York [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 544,000

Note 4 - Income Taxes - Provisi

Note 4 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Current:
Federal	$ (532)	$ 10,118
State and local	(40)	(120)	(39)
Foreign	3,083	3,883	5,601
	2,511	13,881	5,562
Deferred:
Federal	(369)	(11,273)	(2,238)
State and local	(590)	(205)	(290)
Foreign	(574)	66	(287)
	(1,533)	(11,412)	(2,815)
	$ 978	$ 2,469	$ 2,747

Note 4 - Income Taxes - Compone

Note 4 - Income Taxes - Components of Earnings Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
United States	$ (4,742)	$ (3,331)	$ (6,704)
Foreign	15,003	23,829	29,494
Earnings before income taxes	$ 10,261	$ 20,498	$ 22,790

Note 4 - Income Taxes - Effecti

Note 4 - Income Taxes - Effective Income Tax Reconciliation (Details)	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Statutory U.S. Federal tax rate	34.00%	35.00%	34.00%
State and local taxes, net of Federal benefit	2.40%	1.20%	(1.10%)
Foreign tax rate differentials	(24.40%)	(21.00%)	(22.20%)
Valuation allowance on deferred tax assets	(5.30%)	(0.20%)	0.60%
Adjustment on tax accruals	6.80%	3.30%	1.30%
Foreign tax credits	(3.30%)	(1.10%)	(0.50%)
Deferred tax liability on undistributed foreign earnings	(3.40%)	(4.50%)
Permanent differences and other	2.70%	(0.70%)
	9.50%	12.00%	12.10%

Note 4 - Income Taxes - Compo52

Note 4 - Income Taxes - Components of Deferred Tax Liabilities and Assets (Details) - USD ($)	Feb. 26, 2017	Feb. 28, 2016
Deferred tax assets:
Depreciation and amortization	$ 3,740,000	$ 3,761,000
Net operating loss carryforwards	11,049,000	10,800,000
Tax credits carryforward	677,000	1,363,000
Stock options	1,865,000	1,925,000
Other, net	282,000	578,000
	17,613,000	18,427,000
Valuation allowance on deferred tax assets	(10,571,000)	(11,115,000)
Total deferred tax assets, net of valuation allowance	7,042,000	7,312,000
Deferred tax liabilities:
Depreciation	(572,000)	(526,000)
Undistributed earnings	(47,509,000)	(48,865,000)
Other	(781,000)	(1,281,000)
Total deferred tax liabilities	(48,862,000)	(50,672,000)
Net deferred tax liability	$ (41,820,000)	$ (43,360,000)

Note 4 - Income Taxes - Unrecog

Note 4 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Balance, beginning of year	$ 1,255	$ 1,135	$ 276
Gross decreases-tax positions in prior period	(293)		(21)
Gross increases-current period tax positions	274	271	880
Audit settlements	(42)	(57)
Lapse of statute of limitations	(170)	(94)
Balance, end of year	$ 1,024	$ 1,255	$ 1,135

Note 4 - Income Taxes - Open Ta

Note 4 - Income Taxes - Open Tax Years by Major Jurisdiction (Details)	12 Months Ended
	Feb. 26, 2017
CALIFORNIA [Member] | Earliest Tax Year [Member]
Open tax year	2,014
CALIFORNIA [Member] | Latest Tax Year [Member]
Open tax year	2,017
New York [Member] | Earliest Tax Year [Member]
Open tax year	2,012
New York [Member] | Latest Tax Year [Member]
Open tax year	2,017
France [Member] | Earliest Tax Year [Member]
Open tax year	2,014
France [Member] | Latest Tax Year [Member]
Open tax year	2,017
Singapore [Member] | Earliest Tax Year [Member]
Open tax year	2,013
Singapore [Member] | Latest Tax Year [Member]
Open tax year	2,017

Note 5 - Stock-based Compensa55

Note 5 - Stock-based Compensation (Details Textual) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Feb. 28, 2015	Mar. 01, 2015	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Percentage of Stock Options, Exercisable One Year From Date of Grant			25.00%
Percentage of Stock Options Exercisable On Each Succeeding Year from Date of Grant			25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			1,800,000
Common Stock, Capital Shares Reserved for Future Issuance			1,466,030
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			395,501
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 1,852,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 7 days
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Price Reduction		$ 1.50
Common Stock, Dividends, Per Share, Cash Paid	$ 1.50
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			$ 0	$ 4,000	$ 688,000
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Incremental Compensation Cost			$ 47,000	$ 131,000

Note 5 - Stock-based Compensa56

Note 5 - Stock-based Compensation - Fair Value Assumptions (Details) - $ / shares	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Weighted average fair value per share of option grants (in dollars per share)	$ 3.15	$ 5.30	$ 8.05
Risk-free interest rates	1.77%
Expected stock price volatility	28.90%
Expected dividend yields	2.23%
Estimated option terms (in years) (Year)	5 years 109 days		7 years 292 days
Minimum [Member]
Risk-free interest rates		1.57%	2.03%
Expected stock price volatility		27.91%	31.07%
Expected dividend yields		1.84%	1.34%
Estimated option terms (in years) (Year)		5 years 109 days
Maximum [Member]
Risk-free interest rates		1.86%	2.18%
Expected stock price volatility		31.71%	31.59%
Expected dividend yields		2.76%	1.77%
Estimated option terms (in years) (Year)		7 years 328 days

Note 5 - Stock-based Compensa57

Note 5 - Stock-based Compensation - Option Activity (Details) - $ / shares	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Outstanding options (in shares)	1,226,392	966,692	1,081,117
Balance, weighted average exercise price (in dollars per share)	$ 21.19	$ 22.55	$ 23.84
Outstanding options, granted (in shares)	1,250	379,450	18,000
Granted, weighted average exercise price (in dollars per share)	$ 14.07	$ 17.82	$ 25.81
Outstanding options, exercised (in shares)		(2,500)	(79,800)
Exercised, weighted average exercise price (in dollars per share)		$ 19.91	$ 21.49
Outstanding options, terminated or expired (in shares)	(157,113)	(117,250)	(52,625)
Terminated or expired, weighted average exercise price (in dollars per share)	$ 21.66	$ 21.53	$ 24.21
Outstanding options (in shares)	1,070,529	1,226,392	966,692
Balance, weighted average exercise price (in dollars per share)	$ 21.08	$ 21.19	$ 22.55
Balance, weighted average remaining contractual term (Year)	5 years 189 days
Outstanding options, vested and exercisable (in shares)	762,217
Vested and exercisable, weighted average exercise price (in dollars per share)	$ 22.07
Vested and exercisable, weighted average remaining contractual term (Year)	4 years 146 days
Outstanding options, expected to vest (in shares)	1,009,509
Expected to vest, weighted average exercise price (in dollars per share)	$ 21.08
Expected to vest, weighted average remaining contractual term (Year)	5 years 189 days
Option Exchange Program [Member]
Outstanding options, granted (in shares)			996,892
Granted, weighted average exercise price (in dollars per share)			$ 22.55
Outstanding options, terminated or expired (in shares)			(996,892)
Terminated or expired, weighted average exercise price (in dollars per share)			$ 24.05

Note 5 - Stock-based Compensa58

Note 5 - Stock-based Compensation - Non-vested Options (Details) - $ / shares	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Non-vested, beginning of year (in shares)	504,867
Non-vested, beginning of year (in dollars per share)	$ 8.27
Granted (in shares)	1,250	379,450	18,000
Granted (in dollars per share)	$ 3.15	$ 5.30	$ 8.05
Vested (in shares)	(136,505)
Vested (in dollars per share)	$ 6.44
Terminated or expired (in shares)	(61,300)
Terminated or expired (in dollars per share)	$ 7.84
Non-vested, end of year (in shares)	308,312	504,867
Non-vested, end of year (in dollars per share)	$ 6.09	$ 8.27

Note 6 - Shareholders' Equity59

Note 6 - Shareholders' Equity (Details Textual) - USD ($) $ in Thousands	Mar. 10, 2016	Feb. 28, 2016	May 05, 2017	Feb. 26, 2017	Jan. 08, 2015	Jan. 07, 2015
Stock Repurchase Program, Number of Shares Authorized to be Repurchased					1,250,000
Stock Repurchase Program, Percentage of Outstanding Shares Authorized to be Repurchased						6.00%
Common Stock, Shares, Outstanding						20,945,634
Stock Repurchase Program, Number of Additional Shares Authorized to be Repurchased	1,000,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased		1,531,412		1,531,412
Stock Repurchased During Period, Shares		599,832
Stock Repurchased and Retired During Period, Value		$ 12,187
Common Stock, Capital Shares Reserved for Future Issuance				1,466,030
Subsequent Event [Member]
Stock Repurchase Program, Percentage of Outstanding Shares Authorized to be Repurchased			7.60%
Common Stock, Shares, Outstanding			20,234,671

Note 6 - Shareholders' Equity -

Note 6 - Shareholders' Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Feb. 26, 2017	Feb. 28, 2016
Currency translation adjustment	$ 1,360	$ 1,330
Unrealized gains (losses) on investments, net of taxes of $(180) and $76, respectively	(334)	141
Accumulated other comprehensive earnings	$ 1,026	$ 1,471

Note 7 - Earnings Per Share (De

Note 7 - Earnings Per Share (Details Textual) - shares	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	884,905	919,509	192,063

Note 7 - Earnings Per Share - B

Note 7 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 26, 2017	Nov. 27, 2016	Aug. 28, 2016	May 29, 2016	Feb. 28, 2016	Nov. 29, 2015	Aug. 30, 2015	May 31, 2015	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Net earnings	$ 2,477	$ 1,875	$ 1,981	$ 2,950	$ 4,574	$ 4,109	$ 4,569	$ 4,777	$ 9,283	$ 18,029	$ 20,043
Weighted average common shares outstanding for basic EPS (in shares)	20,235	20,235	20,235	20,235	20,251	20,253	20,337	20,546	20,235	20,347	20,912
Net effect of dilutive options (in shares)									4	5	74
Weighted average shares outstanding for diluted EPS (in shares)	20,253	20,235	20,235	20,235	20,251	20,253	20,340	20,565	20,239	20,352	20,986
Basic earnings per share (in dollars per share)	$ 0.12	$ 0.09	$ 0.10	$ 0.15	$ 0.23	$ 0.20	$ 0.23	$ 0.23	$ 0.46	$ 0.89	$ 0.96
Diluted earnings per share (in dollars per share)	$ 0.12	$ 0.09	$ 0.10	$ 0.15	$ 0.23	$ 0.20	$ 0.23	$ 0.23	$ 0.46	$ 0.89	$ 0.96

Note 8 - Restructuring Charges

Note 8 - Restructuring Charges (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	May 31, 2015	Nov. 30, 2014	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015	Feb. 29, 2004
Proceeds from Sale of Property, Plant, and Equipment				$ 2,057,000
Restructuring Charges			313,000	535,000	1,179,000
UNITED STATES
Restructuring Charges		$ 496,000
Payments for Restructuring				504,000	$ 504,000
Nelco Technology Zhuhai FTZ Ltd [Member]
Business Exit Costs			0	100,000
Proceeds from Sale of Property, Plant, and Equipment	$ 2,026,000
Gain (Loss) on Disposition of Property Plant Equipment			0
New England Laminates Co Inc [Member]
Business Exit Costs			$ 313,000	$ 435,000
Real Estate Held-for-sale						$ 0

Note 9 - Employee Benefit Pla64

Note 9 - Employee Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Savings Plan [Member]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 101	$ 112	$ 123
Deferred Profit Sharing [Member]
Deferred Compensation Arrangement with Individual, Contributions by Employer		$ 212	$ 100

Note 10 - Long-term Debt (Detai

Note 10 - Long-term Debt (Details Textual) $ in Thousands	Apr. 21, 2017USD ($)	Oct. 05, 2017	Jul. 05, 2017	Apr. 05, 2017	Feb. 28, 2016USD ($)	Feb. 25, 2018	Feb. 26, 2017USD ($)	Feb. 28, 2016USD ($)	Mar. 01, 2015USD ($)	Aug. 27, 2017	May 28, 2017	Jan. 15, 2016USD ($)
Interest Expense							$ 1,432	$ 1,657	$ 1,438
HSBC Bank USA [Member]
Line of Credit Facility, Maximum Borrowing Capacity												$ 75,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage							0.10%
Gross Leverage Charge Ratio Requirement							4.5
Minimum Domestic Liquid Assets Ratio							2
Debt Agreement, Minimum Domestic Liquid Assets Required							$ 10,000
Long-term Line of Credit							$ 72,000
Line of Credit Facility, Interest Rate at Period End							2.49%
Repayments of Long-term Lines of Credit								0
HSBC Bank USA [Member] | Scenario, Forecast [Member]
Gross Leverage Charge Ratio Requirement						3.75				4.25	4.5
Minimum Interest Coverage Ratio						1.1	0.3			0.5	0.2
HSBC Bank USA [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate							1.15%
HSBC Bank USA [Member] | London Interbank Offered Rate (LIBOR) [Member] | Scenario, Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate		2.15%	1.90%	1.65%		2.65%
HSBC Bank USA [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Periodic Payment							$ 750
Number of Quarterly Installments							12
HSBC Bank USA [Member] | First and Second Installments Due in the 2018 Fiscal Year [Member] | Subsequent Event [Member]
Debt Instrument, Periodic Payment	$ 1,000
HSBC Bank USA [Member] | Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity												$ 2,000
PNC Bank National Association and HSBC Bank USA [Member]
Interest Expense							$ 1,432	$ 1,365	$ 1,438
PNC Bank National Association [Member] | Accelerated Deferred Financing Costs [Member]
Interest Expense					$ 292

Note 10 - Long-term Debt - Long

Note 10 - Long-term Debt - Long-term Debt Maturities (Details) - USD ($) $ in Thousands	Feb. 26, 2017	Feb. 28, 2016
2,018	$ 3,500
2,019	68,500
	72,000
Less: current portion	3,500	$ 3,000
	$ 68,500	$ 72,000

Note 11 - Commitments (Details

Note 11 - Commitments (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Lessee, Operating Lease, Term of Contract	10 years
Operating Leases, Rent Expense	$ 2,018	$ 2,774	$ 2,881
Minimum [Member]
Lessee, Operating Lease, Renewal Term	1 year
Maximum [Member]
Lessee, Operating Lease, Renewal Term	10 years

Note 11 - Commitments - Non-can

Note 11 - Commitments - Non-cancelable Lease Schedule (Details) $ in Thousands	Feb. 26, 2017USD ($)
2,018	$ 1,937
2,019	1,709
2,020	1,694
2,021	1,262
2,022	338
Thereafter	2,743
	$ 9,683

Note 12 - Contingencies (Detail

Note 12 - Contingencies (Details Textual)	12 Months Ended
	Feb. 26, 2017USD ($)	Feb. 28, 2016USD ($)	Mar. 01, 2015USD ($)
Number of Sites of Company or Subsidiaries That Have Been Named for Potential Environmental Remediation Liability	4
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	$ 0	$ 2,000	$ 23,000
Number of Insurance Carriers	3
Accrual for Environmental Loss Contingencies	$ 0	$ 0

Note 13 - Geographic Regions -

Note 13 - Geographic Regions - Financial Information by Geographic Region, Sale (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 26, 2017	Nov. 27, 2016	Aug. 28, 2016	May 29, 2016	Feb. 28, 2016	Nov. 29, 2015	Aug. 30, 2015	May 31, 2015	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Sales	$ 27,599	$ 26,462	$ 29,058	$ 31,490	$ 35,756	$ 34,323	$ 37,947	$ 37,829	$ 114,609	$ 145,855	$ 162,086
Long-lived assets	29,448				32,592				29,448	32,592	36,377
North America [Member]
Sales									60,949	75,215	75,395
Long-lived assets	20,794				22,846				20,794	22,846	23,562
Asia [Member]
Sales									44,613	61,264	76,000
Long-lived assets	8,440				9,478				8,440	9,478	12,490
Europe [Member]
Sales									9,047	9,376	10,691
Long-lived assets	$ 214				$ 268				$ 214	$ 268	$ 325

Note 14 - Customer and Suppli71

Note 14 - Customer and Supplier Concentrations (Details Textual)	12 Months Ended
	Feb. 26, 2017	Feb. 28, 2016
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | TTM Technologies Inc. [Member]
Concentration Risk, Percentage	16.20%	13.80%

Note 15 - Subsequent Event (Det

Note 15 - Subsequent Event (Details Textual) - USD ($)	Apr. 17, 2017	Nov. 26, 2017	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Restructuring Charges			$ 313,000	$ 535,000	$ 1,179,000
Consolidation of Nelco Products Inc and Neltec Inc [Member] | Scenario, Forecast [Member]
Restructuring Charges, Duplicative Costs		$ 300,000
Consolidation of Nelco Products Inc and Neltec Inc [Member] | Minimum [Member] | Scenario, Forecast [Member]
Restructuring Charges		5,000
Consolidation of Nelco Products Inc and Neltec Inc [Member] | Maximum [Member] | Scenario, Forecast [Member]
Restructuring Charges		$ 5,500,000
Subsequent Event [Member] | Consolidation of Nelco Products Inc and Neltec Inc [Member] | Minimum [Member]
Restructuring and Related Costs, Expected Completion Period	120 days
Restructuring and Related Cost, Expected Pre-tax Benefit Per Year	$ 3,000,000
Subsequent Event [Member] | Consolidation of Nelco Products Inc and Neltec Inc [Member] | Maximum [Member]
Restructuring and Related Costs, Expected Completion Period	180 days
Restructuring and Related Cost, Expected Pre-tax Benefit Per Year	$ 3,500,000

Selected Quarterly Financial 73

Selected Quarterly Financial Data (Unaudited) - Quarterly Data (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 26, 2017	Nov. 27, 2016	Aug. 28, 2016	May 29, 2016	Feb. 28, 2016	Nov. 29, 2015	Aug. 30, 2015	May 31, 2015	Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Sales	$ 27,599	$ 26,462	$ 29,058	$ 31,490	$ 35,756	$ 34,323	$ 37,947	$ 37,829	$ 114,609	$ 145,855	$ 162,086
Gross profit	7,386	6,634	7,234	8,787	10,727	10,297	10,361	11,367	30,041	42,752	48,953
Net earnings	$ 2,477	$ 1,875	$ 1,981	$ 2,950	$ 4,574	$ 4,109	$ 4,569	$ 4,777	$ 9,283	$ 18,029	$ 20,043
Basic net earnings per share (in dollars per share)	$ 0.12	$ 0.09	$ 0.10	$ 0.15	$ 0.23	$ 0.20	$ 0.23	$ 0.23	$ 0.46	$ 0.89	$ 0.96
Diluted net earnings per share (in dollars per share)	$ 0.12	$ 0.09	$ 0.10	$ 0.15	$ 0.23	$ 0.20	$ 0.23	$ 0.23	$ 0.46	$ 0.89	$ 0.96
Basic (in shares)	20,235	20,235	20,235	20,235	20,251	20,253	20,337	20,546	20,235	20,347	20,912
Diluted (in shares)	20,253	20,235	20,235	20,235	20,251	20,253	20,340	20,565	20,239	20,352	20,986

Schedule II - Valuation and Q74

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($)		12 Months Ended
		Feb. 26, 2017	Feb. 28, 2016	Mar. 01, 2015
Valuation Allowance of Deferred Tax Assets [Member]
Balance of beginning of period		$ 11,115,000	$ 11,887,000	$ 11,941,000
Costs and expenses			29,100	123,000
Reductions		(544,000)	(801,100)	(177,000)
Balance at end of period		10,571,000	11,115,000	11,887,000
Allowance for Doubtful Accounts [Member]
Balance of beginning of period		324,000	396,000	416,000
Costs and expenses		(27,000)	(2,000)	(5,000)
Balance at end of period		294,000	324,000	396,000
Accounts written off	[1]	$ (3,000)	$ (70,000)	$ (15,000)
[1]	Uncollectible amounts, net of recoveries