Park Aerospace (PKE) 10-K 14 May 21 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Feb. 28, 2021	May 03, 2021	Aug. 28, 2020
Document Information [Line Items]
Entity Registrant Name	PARK Aerospace CORP
Entity Central Index Key	0000076267
Trading Symbol	pke
Current Fiscal Year End Date	--02-28
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		20,382,876
Entity Public Float			$ 346,705,646
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Feb. 28, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(b) Security	Common Stock, par value $.10 per share

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
Current assets:
Cash and cash equivalents	$ 41,595	$ 5,410
Marketable securities (Note 2)	74,947	116,945
Accounts receivable, less allowance for doubtful accounts of $89 and $73, respectively	7,633	10,925
Inventories (Note 3)	4,794	6,379
Prepaid expenses and other current assets	3,372	5,535
Total current assets	132,341	145,194
Property, plant and equipment, net (Note 3)	21,130	16,100
Operating right-of-use assets	103	420
Goodwill and other intangible assets, net (Note 3)	9,797	9,804
Other assets (Note 4)	141	268
Total assets	163,512	171,786
Current liabilities:
Accounts payable	3,300	4,735
Operating lease liabilities	33	152
Accrued liabilities (Note 3)	1,708	1,709
Income taxes payable	2,952	2,111
Total current liabilities	7,993	8,707
Long-term operating lease liabilities (Note 10)	86	268
Non-current income taxes payable (Note 4)	14,303	15,986
Deferred income taxes (Note 4)	778	834
Other liabilities (Note 4)	4,411	4,316
Total liabilities	27,571	30,111
Commitments and contingencies (Notes 10 and 11)
Shareholders' equity (Note 6):
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	170,038	169,862
Accumulated deficit	(25,063)	(21,774)
Accumulated other comprehensive (loss) earnings	(336)	668
Stockholders' Equity, Including Treasury Stock	146,735	150,852
Less treasury stock, at cost, 582,268 and 446,321 shares, respectively	(10,794)	(9,177)
Total shareholders' equity	135,941	141,675
Total liabilities and shareholders' equity	$ 163,512	$ 171,786

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
Accounts receivable, allowance for doubtful accounts	$ 89	$ 73
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
Treasury stock (in shares)	582,268	446,321

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Net sales	$ 46,276	$ 60,014	$ 51,116
Cost of sales	33,085	41,341	34,932
Gross profit	13,191	18,673	16,184
Selling, general and administrative expenses	6,113	7,932	8,968
Restructuring charges (Note 8)	1,570
Earnings from continuing operations	5,508	10,741	7,216
Interest and other income	1,777	3,330	2,379
Loss on sale of marketable securities			(1,498)
Earnings from continuing operations before income taxes	7,285	14,071	8,097
Income tax provision (Note 4)	2,093	3,866	1,791
Net earnings from continuing operations	5,192	10,205	6,306
(Loss) earnings from discontinued operations, net of tax (Note 12)	(328)	(653)	107,239
Net earnings	$ 4,864	$ 9,552	$ 113,545
Basic:
Continuing operations (in dollars per share)	$ 0.25	$ 0.50	$ 0.31
Discontinued operations (in dollars per share)	(0.01)	(0.03)	5.29
Basic earnings per share (in dollars per share)	$ 0.24	$ 0.47	$ 5.60
Basic weighted average shares (in shares)	20,387	20,507	20,288
Diluted:
Continuing operations (in dollars per share)	$ 0.25	$ 0.50	$ 0.31
Discontinued operations (in dollars per share)	(0.01)	(0.03)	5.26
Diluted earnings per share (in dollars per share)	$ 0.24	$ 0.47	$ 5.57
Diluted weighted average shares (in shares)	20,478	20,595	20,385

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Net earnings	$ 4,864	$ 9,552	$ 113,545
Other comprehensive (loss) earnings, net of tax:
Foreign currency translation			(1,310)
Other comprehensive (loss) earnings	(1,004)	690	(153)
Total comprehensive earnings	3,860	10,242	113,392
Gains on Marketable Securities [Member]
Other comprehensive (loss) earnings, net of tax:
Unrealized holding gains (losses) arising during the period	421	990	41
Less: reclassification adjustment for gains (losses) included in net earnings	(272)	(49)
Losses on Marketable Securities [Member]
Other comprehensive (loss) earnings, net of tax:
Unrealized holding gains (losses) arising during the period	(1,176)	(291)	(87)
Less: reclassification adjustment for gains (losses) included in net earnings	$ 23	$ 40	$ 1,203

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 Feb. 25, 2018	20,965,144				723,573
Balance at Feb. 25, 2018	$ 2,096	$ 169,011	$ (21,099)	$ 131	$ (14,878)
Net earnings			113,545			$ 113,545
Foreign currency translation adjustment for sale of business				(1,310)
Unrealized gain (loss) on marketable securities, net of tax				1,157
Stock options exercised		(1,157)
Stock-based compensation		1,541			$ 5,025
Cash dividends			(95,051)
Stock options exercised (in shares)						244,382
Balance (in shares) at Mar. 03, 2019	20,965,144				479,191
Balance at Mar. 03, 2019	$ 2,096	169,395	(2,605)	(22)	$ (9,853)
Net earnings			9,552			$ 9,552
Unrealized gain (loss) on marketable securities, net of tax				690
Stock options exercised		(259)			$ 676
Stock-based compensation		726
Cash dividends			(28,721)
Stock options exercised (in shares)					(32,870)	32,873
Balance (in shares) at Mar. 01, 2020	20,965,144				446,321
Balance at Mar. 01, 2020	$ 2,096	169,862	(21,774)	668	$ (9,177)	$ 141,675
Net earnings			4,864			$ 4,864
Unrealized gain (loss) on marketable securities, net of tax				(1,004)
Stock options exercised		(15)			27
Stock-based compensation		191
Cash dividends			(8,153)
Stock options exercised (in shares)					(1,450)	1,450
Repurchase of treasury shares (in shares)					137,397
Repurchase of treasury shares					$ (1,644)
Balance (in shares) at Feb. 28, 2021	20,965,144				582,268
Balance at Feb. 28, 2021	$ 2,096	$ 170,038	$ (25,063)	$ (336)	$ (10,794)	$ 135,941

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Retained Earnings [Member]
Cash dividends, per share (in dollars per share)	$ 0.40	$ 1.40	$ 4.65

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Cash flows from operating activities:
Net earnings	$ 4,864	$ 9,552	$ 113,545
Loss (earnings) from discontinued operations, net of tax	328	653	(107,239)
Net earnings from continuing operations	5,192	10,205	6,306
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,150	1,544	1,784
Stock-based compensation	191	726	1,249
Allowance for bad debt	16	41
Provision for deferred income taxes	(56)	849	(1,147)
Amortization of bond premium	543	27	(52)
(Gain) loss on sale of marketable securities	(10)	(15)	1,498
Non-cash restructuring	1,318
Accounts receivable	3,276	(1,614)	(2,392)
Inventories	1,585	(1,112)	(1,312)
Prepaid expenses and other current assets	157	490	(452)
Other assets and liabilities	250	3,348	(1,580)
Accounts payable	(1,435)	1,566	1,344
Accrued liabilities	(1)	(1,211)	1,898
Income taxes payable	1,164	(8,973)	916
Net cash provided by operating activities - continuing operations	13,340	5,871	8,060
Net cash used in operating activities - discontinued operations	(328)	(653)	(517)
Net cash provided by operating activities	13,012	5,218	7,543
Cash flows from investing activities:
Purchase of property, plant and equipment	(7,493)	(6,846)	(2,764)
Purchases of marketable securities	(83,941)	(104,600)	(113,860)
Proceeds from sales and maturities of marketable securities	124,392	68,935	125,522
Net cash provided by (used in) investing activities - continuing operations	32,958	(42,511)	8,898
Net cash provided by investing activities - discontinued operations			144,951
Net cash provided by (used in) investing activities	32,958	(42,511)	153,849
Cash flows from financing activities:
Dividends paid	(8,153)	(28,721)	(95,051)
Proceeds from exercise of stock options	12	417	(3,868)
Intercompany capital contributions			(6,600)
Purchase of treasury stock	(1,644)
Net cash used in financing activities - continuing operations	(9,785)	(28,304)	(105,519)
Net cash used in financing activities - discontinued operations
Net cash used in financing activities	(9,785)	(28,304)	(105,519)
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes - continuing operations	36,513	(64,944)	(88,561)
(Decrease) increase in cash and cash equivalents before effect of exchange rate changes - discontinued operations	(328)	(653)	144,434
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	36,185	(65,597)	55,873
Effect of exchange rate changes on cash and cash equivalents - continuing operations			(170)
Effect of exchange rate changes on cash and cash equivalents - discontinued operations			(2,950)
Effect of exchange rate changes on cash and cash equivalents			(3,120)
Increase (decrease) in cash and cash equivalents	36,185	(65,597)	52,753
Cash and cash equivalents, beginning of year	5,410	71,007	18,254
Cash and cash equivalents, end of year	$ 41,595	$ 5,410	$ 71,007

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Park Aerospace Corp. and its subsidiaries (collectively, “Park” or the “Company”), is a global advanced materials company which develops and manufactures advanced composite materials, primary and secondary structures and assemblies and low-volume tooling for the aerospace markets. a. Principles of Consolidation b. Basis of Presentation July 25, 2018, $145,000 December 4, 2018. ( 12 The Company has classified the operating results of its Electronics Business, together with certain costs related to the transaction, as discontinued operations, net of tax, in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows, in accordance with Accounting Standards Codification (“ASC”) 205 20, Discontinued Operations. 12 c. Use of Estimates may d. Accounting Period 52 53 February. 2021, 2020 2019 February 28, 2021, March 1, 2020 March 3, 2019, 2021, 2020 2019 52, 52 53 e. Fair Value Measurements (i.e. Fair value measurements are broken down into three Level 1 Level 2 1 2 e.g. Level 3 not 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. 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 2 2 The Company's non-financial assets measured at fair value on a non-recurring basis, for purposes of calculating impairment, include goodwill and any long-lived assets written down to fair value. To measure fair value of such assets, the Company uses Level 3 no 2021, 2020 2019 f. Cash and Cash Equivalents 90 $29,492 $2,496 February 28, 2021 March 1, 2020, 2 $29,301 $116,542 February 28, 2021 one Supplemental cash flow information: Fiscal Year 2021 2020 2019 Cash paid during the year for: Income taxes, net of refunds $ 782 $ 8,296 $ 14,451 At February 28, 2021 March 1, 2020, $12,446 $21, g. Marketable Securities h . Inventories first first i . Revenue Recognition 1 2 3 4 5 j . Sales Allowances and Product Warranties may no may 1.0% three k. Accounts Receivable not may l . Valuation of Long-Lived Assets may not not $1,318 2021 no 2020 2019 m. Goodwill and Other Intangible Assets not 15 may not first not not one first fourth no 2021 2020 n . Shipping Costs third o . Property, Plant and Equipment 10 25 30 $1,150, $1,544 $1,784 2021, 2020 2019 p . Income Taxes may 4 Tax benefits are recognized for an uncertain tax position when, in the Company's judgment, it is more likely than not not 50% q. Foreign Currency Translation r. Stock-Based Compensation four s. Treasury Stock t. Leases one ten 2068 not

Note 2 - Marketable Securities

Note 2 - Marketable Securities	12 Months Ended
	Feb. 28, 2021
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 28, 2021 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 56,906 $ 56,906 $ - $ - U.S. corporate debt securities 18,041 18,041 - - Total marketable securities $ 74,947 $ 74,947 $ - $ - March 1, 2020 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 101,390 $ 101,390 $ - $ - U.S. corporate debt securities 15,555 15,555 - - Total marketable securities $ 116,945 $ 116,945 $ - $ - 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 28, 2021: U.S. Treasury and other government securities $ 57,400 $ 153 $ 647 U.S. corporate debt securities 18,008 52 19 Total marketable securities $ 75,408 $ 205 $ 666 March 1, 2020: U.S. Treasury and other government securities $ 100,626 $ 764 $ - U.S. corporate debt securities 15,473 82 - Total marketable securities $ 116,099 $ 846 $ - Fiscal Year 2021 2020 2019 Gross realized gains on sale $ 155 $ 90 $ - Gross realized losses on sale $ 145 $ 75 $ 1,498 The estimated fair values of such securities at February 28, 2021, Due in one year or less $ 63,294 Due after one year through five years 11,653 $ 74,947 In the 2019 $1,498 $4.25 February 2019.

Note 3 - Other Consolidated Bal

Note 3 - Other Consolidated Balance Sheet Data	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	3. OTHER CONSOLIDATED BALANCE SHEET DATA Other consolidated balance sheet data consisted of the following: February 28, March 1, 2021 2020 Inventories: Raw materials $ 3,490 $ 5,319 Work-in-process 147 254 Finished goods 1,157 806 $ 4,794 $ 6,379 Property, plant and equipment: Land, buildings and improvements $ 14,236 $ 13,642 Machinery, equipment, furniture and fixtures 37,446 35,182 51,682 48,824 Less: accumulated depreciation and amortization 30,552 32,724 $ 21,130 $ 16,100 Goodwill and other intangible assets: Goodwill $ 9,776 $ 9,776 Other intangibles 21 28 $ 9,797 $ 9,804 Accrued liabilities: Payroll and payroll related $ 596 $ 578 Employee benefits 2 1 Workers' compensation 138 111 Professional fees 451 467 Restructuring (Notes 8 and 12) 260 432 Other 261 120 $ 1,708 $ 1,709

Note 4 - Income Taxes

Note 4 - Income Taxes	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	4. INCOME TAXES The income tax provision (benefit) for continuing operations includes the following: Fiscal Year 2021 2020 2019 Current: Federal $ 1,662 $ 2,556 $ 1,776 State and local 447 40 164 Foreign 10 383 258 2,119 2,979 2,198 Deferred: Federal 132 899 (71 ) State and local 109 (12 ) (362 ) Foreign (267 ) - 26 (26 ) 887 (407 ) $ 2,093 $ 3,866 $ 1,791 The income tax provision (benefit) for discontinued operations includes the following: Fiscal Year 2021 2020 2019 Current: Federal $ (84 ) $ 11,198 $ (1,400 ) State and local (23 ) 1,455 168 Foreign - 1,397 327 (107 ) 14,050 (905 ) Deferred: Federal - 686 (430 ) State and local - 564 (31 ) Foreign - (617 ) 63 - 633 (398 ) $ (107 ) $ 14,683 $ (1,303 ) State income tax benefits from loss carryforwards to future years were recognized as deferred tax assets in the 2021, 2020 2019 Notwithstanding the U.S. taxation of the deemed repatriated foreign earnings as a result of the transition tax, the Company intends to indefinitely invest approximately $25 may $0, $100,216, $113,600 2021, 2020 2019 The Company's pre-tax earnings (loss) from continuing operations in the United States and foreign locations are as follows: Fiscal Year 2021 2020 2019 United States $ 8,732 $ 11,676 $ 6,661 Foreign (1,447 ) 2,395 1,436 Earnings before income taxes $ 7,285 $ 14,071 $ 8,097 The Company's pre-tax earnings (loss) from discontinued operations in the United States and foreign locations are as follows: Fiscal Year 2021 2020 2019 United States $ (435 ) $ (887 ) $ 7,485 Foreign - - 114,437 (Loss) earnings before income taxes $ (435 ) $ (887 ) $ 121,922 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 2021 2020 2019 Statutory U.S. Federal tax rate 21.0 % 21.0 % 21.0 % State and local taxes, net of Federal benefit 5.9 % 0.1 % 1.6 % Foreign tax rate differentials 0.7 % (0.6 %) (0.8 %) Valuation allowance on deferred tax assets 0.0 % (0.1 %) (2.8 %) Adjustment on tax accruals 0.0 % (17.6 %) 2.9 % ASC 740-10 change 0.9 % 23.5 % 0.4 % Foreign tax credits (0.1 %) (2.7 %) (3.2 %) Subpart F 1.1 % 4.0 % 4.0 % Permanent differences and other (0.8 %) (0.1 %) (1.0 %) 28.7 % 27.5 % (22.1 % ) The Company had state net operating loss carryforwards of approximately $2,160 $2,515 2021 2020 $7,798 $7,862 2021 2020 $64 2020 2021 2039. The Company had available Kansas tax credits of $0 $45 2021 2020 $191 2020 $991 $576 2021 2020 no The deferred tax asset valuation allowance of $3,587 February 28, 2021 not 2021 $412, Significant components of the Company's deferred tax assets and liabilities from continuing operations as of February 28, 2021 March 1, 2020 February 28, March 1, 2021 2020 Deferred tax assets: Net operating loss carryforwards $ 2,602 $ 2,608 Tax credits carryforward 991 621 Stock options 1,235 1,120 Other, net 774 478 5,602 4,827 Valuation allowance on deferred tax assets (3,587 ) (3,175 ) Total deferred tax assets, net of valuation allowance 2,015 1,652 Deferred tax liabilities: Depreciation (2,045 ) (1,743 ) Undistributed earnings (4 ) (2 ) Other (702 ) (699 ) Total deferred tax liabilities (2,751 ) (2,444 ) Net deferred tax asset (liability) $ (736 ) $ (792 ) At February 28, 2021 March 1, 2020, $4,452 $4,356, February 28, 2021 A reconciliation of the beginning and ending amounts of unrecognized tax benefits for continuing operations is as follows: Unrecognized Tax Benefits February 28, March 1, March 3, 2021 2020 2019 Balance, beginning of year $ 4,164 $ 937 $ 314 Tax positions - Discontinued Ops in prior period (47 ) - 187 Gross decreases - tax positions in prior period - (32 ) (256 ) Gross increases - current period tax positions - 3,259 784 Audit settlements - - (92 ) Balance, end of year $ 4,117 $ 4,164 $ 937 A reconciliation of the beginning and ending amounts of unrecognized tax benefits for discontinued operations is as follows: Unrecognized Tax Benefits March 1, March 3, February 25, 2020 2019 2018 Balance, beginning of year $ - $ - $ 187 Tax positions - Discontinued Ops in prior period - - (187 ) Gross decreases - tax positions in prior period - - Gross increases - current period tax positions - - Lapse of statute of limitations - - Balance, end of year $ - $ - $ - The amount of unrecognized tax benefits may none 12 A list of open tax years by major jurisdiction follows: U.S. Federal 2019 - 2021 California 2018 - 2021 New York 2018 - 2021 Kansas 2018 - 2021 France 2018 - 2021 Singapore 2017 - 2021 The Company had approximately $335 $193 February 28, 2021 March 1, 2020, The Company has no 2018 2019

Note 5 - Stock-based Compensati

Note 5 - Stock-based Compensation	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	5. STOCK-BASED COMPENSATION As of February 28, 2021, 2018 “2018 no 2018 May 8, 2018 July 24, 2018. 2018 2002 “2002 2018 2002 25% one 25% 10 800,000 2018 February 28, 2021, 566,000 2018 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 28, 2021 $484, 2.60 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 2021, 2020 2019 Fiscal Year 2021 2020 2019 Weighted average fair value per share of option grants $2.12 $3.97 $3.66 Risk-free interest rates 0.23% - 0.42% 2.24% - 2.26% % 2.83% Expected stock price volatility 26.9% - 30.0% 30.4% - 31.5% 24.7% Expected dividend yields 3.18% - 3.49% 2.43% 2.32% Estimated option terms (in years) 4.3 - 7.6 4.3 - 5.8 5.2 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 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 2020 During the 2020 $208 $1.00 February 2020. 2019 $528 $4.25 February 2019. 2020 $726 $1,249 2019 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, February 25, 2018 885,554 $ 17.55 Granted 2,650 13.50 Exercised (244,382 ) 12.18 Terminated or expired (103,113 ) 18.75 Balance, March 3, 2019 540,709 $ 13.49 Granted 114,450 15.44 Exercised (32,873 ) 11.64 Terminated or expired (111,652 ) 15.95 Balance, March 1, 2020 510,634 $ 12.45 $ 735 Granted 132,100 12.55 Exercised (1,450 ) 8.02 Terminated or expired (6,750 ) 13.01 Balance, February 28, 2021 634,534 $ 12.47 5.19 $ 901 Vested and exercisable, February 28, 2021 426,159 $ 11.89 3.45 $ 852 Expected to vest, February 28, 2021 596,462 $ 12.47 5.19 $ 847 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 2021, 2020 2019 $8, $124 $1,157, A summary of the status of the Company's non-vested options at February 28, 2021, Shares Subject to Options Weighted Average Grant Date Fair Value Non-vested, beginning of year 109,976 $ 3.96 Granted 132,100 3.88 Vested (27,313 ) 3.96 Terminated or expired (6,388 ) 2.75 Non-vested, end of year 208,375 $ 2.80

Note 6 - Shareholders' Equity

Note 6 - Shareholders' Equity	12 Months Ended
	Feb. 28, 2021
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. 2016 599,832 $12,187. 2021, 137,397 $1,644. 1,394,015 6.8% 20,382,876 February 28, 2021. Reserved Common Shares February 28, 2021, 566,000 Accumulated Other Comprehensive Earnings (Loss) February 28, 2021 March 1, 2020 Unrealized (losses) gains on investments, net of taxes of ($1,004) and $690, respectively $ (336 ) $ 668 Accumulated balance $ (336 ) $ 668

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	12 Months Ended
	Feb. 28, 2021
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) 2021 2020 2019 Net earnings - continuing operations $ 5,192 $ 10,205 $ 6,306 Net (loss) earnings - discontinued operations (328 ) (653 ) 107,239 Net earnings $ 4,864 $ 9,552 $ 113,545 Weighted average common shares outstanding for basic EPS 20,387 20,507 20,288 Net effect of dilutive options 91 88 97 Weighted average shares outstanding for diluted EPS 20,478 20,595 20,385 Basic earnings per share - continuing operations $ 0.25 $ 0.50 $ 0.31 Basic (loss) earnings per share - discontinued operations (0.01 ) (0.03 ) 5.29 Basic earnings per share $ 0.24 $ 0.47 $ 5.60 Diluted earnings per share - continuing operations $ 0.25 $ 0.50 $ 0.31 Diluted (loss) earnings per share - discontinued operations (0.01 ) (0.03 ) 5.26 Diluted earnings per share $ 0.24 $ 0.47 $ 5.57 Potentially dilutive stock options, which were not 387,975, 132,000 213,893 2021, 2020 2019

Note 8 - Restructuring Charges

Note 8 - Restructuring Charges	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	8. RESTRUCTURING CHARGES The Company recorded restructuring charges of $1,570, $0 $0 2021, 2020 2019 The following table sets forth the charges and accruals related to the restructuring: Accrual March 1, 2020 Current Period Charges Cash Payments Non-Cash Charges Accrual February 28, 2021 Total Expense Accrued to Date Facility Lease Costs $ - $ 252 $ - $ - $ 252 $ 252 Asset Impairment - 1,318 - (1,318 ) - 1,318 Other - - - - - - Total Restructuring Charges $ - $ 1,570 $ - $ (1,318 ) $ 252 $ 1,570

Note 9 - Employee Benefit Plans

Note 9 - Employee Benefit Plans	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	9. EMPLOYEE BENEFIT PLANS Profit Sharing Plan may no may $168 $160 2020 2019, 2021 not may not Savings Plan 401 no

Note 10 - Leases and Commitment

Note 10 - Leases and Commitments	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	10. LEASES AND COMMITMENTS The Company has operating leases related to land, office space, warehouse space and equipment. All of the Company's leases have been assessed to be operating leases. Renewal options are included in the lease terms to the extent the Company is reasonably certain to exercise the option. The exercise of lease renewal options is at the Company's sole discretion. The amounts disclosed in our consolidated balance sheet as of February 28, 2021, one 10 2068 not Future minimum lease payments under non-cancellable operating leases as of February 28, 2021 Fiscal Year: 2022 $ 33 2023 - 2024 - 2025 - 2026 - Thereafter 162 Total undiscounted operating lease payments 195 Less imputed interest (76 ) Present value of operating lease payments $ 119 The above payment schedule includes renewal options that the Company is reasonably likely to exercise. Leases with an initial term of 12 not not $171 During the 2021 $173. $161, The following table sets forth the right-of-use assets and operating lease liabilities as of February 28, 2021: Operating right-of-use assets $ 103 Operating lease liabilities $ 33 Long-term operating lease liabilities 86 Total operating lease liabilities $ 119 The Company's weighted average remaining lease term for its operating leases is 12.16 These non-cancelable leases have the following payment schedule: Fiscal Year Amount 2022 $ 33 2023 - 2024 - 2025 - 2026 - Thereafter - $ 33 The above payment schedule does not not $161 2024 Rental expenses, inclusive of real estate taxes and other costs, were $328, $368 $346 2021, 2020 2019 In December 2019, No. 2019 12, 740 2019 12 December 15, 2020, December 15, 2021 December 15, 2022. 1 not 2 not 2019 12 not

Note 11 - Contingencies

Note 11 - Contingencies	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Contingencies Disclosure [Text Block]	11. CONTINGENCIES Litigation The Company is subject to a small number of immaterial 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 not 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 three Under the Superfund Act and similar state laws, all parties who may may The insurance carriers which provided general liability insurance coverage to the Company and its subsidiaries for the years dur‐ing which the Company's subsidiaries' waste was disposed at these sites have in the past reimbursed the Company and its subsidiaries for 100% two The Company does not two three 100% two Included in selling, general and administrative expenses are charges for actual expenditures and accruals, based on estimates, for certain environmental mat‐ters described above. The Company accrues estimated costs asso‐ciated 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

Note 12 - Discontinued Operatio

Note 12 - Discontinued Operations	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	12. DISCONTINUED OPERATIONS On July 25, 2018, $145,000 $124,156, $7,657 $13,187. $102,145. 82%, 16%, 2%, December 4, 2018. The Company has classified the operating results of its former Electronics Business, together with certain costs related to the transaction, as discontinued operations, net of tax, in the Consolidated Statements of Operations. The Company has income in the U.S., Singapore and France, the blended tax rates for discontinued operations for the 2021, 2020 2019 24.7%, 26.4% 12.0%, The following table shows the summary operating results of the discontinued operations: Fiscal Year Ended February 28, March 1, March 3, 2021 2020 2019 Net sales $ - $ - $ 57,492 Cost of sales - - 44,361 Gross profit - - 13,131 Selling, general and administrative expenses 8 234 8,826 Restructuring charges 427 941 636 (Loss) earnings from discontinued operations (435 ) (1,175 ) 3,669 Other income - 288 118,253 (Loss) earnings from discontinued operations before income taxes (435 ) (887 ) 121,922 Income tax (benefit) provision (107 ) (234 ) 14,683 Net (loss) earnings from discontinued operations $ (328 ) $ (653 ) $ 107,239 The restructuring expenses for discontinued operations were $0, $108 $262 2021, 2020 2019 The following table sets forth the charges and accruals related to the consolidation: Accrual March 1, 2020 Current Period Charges Cash Payments Non-Cash Charges Accrual February 28, 2021 Total Expense Accrued to Date Total Expected Costs Facility Lease Costs $ 432 $ 151 $ (580 ) $ - $ 3 $ 3,080 $ 3,080 Severance Costs - - - - - 1,081 1,081 Equipment Removal - 229 (224 ) - 5 815 815 Other - 47 (47 ) - - 963 963 Total Restructuring Charges $ 432 $ 427 $ (851 ) $ - $ 8 $ 5,939 $ 5,939 The Company recorded additional restructuring charges for discontinued operations of $427, $833 $374 2021, 2020 2019 2018 $8

Note 13 - Geographic Regions

Note 13 - Geographic Regions	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Geographic Regions [Text Block]	13. GEOGRAPHIC REGIONS The Company's products are sold to customers in North America, Asia and Europe. The Company's manufacturing facilities are located in Kansas. Sales are attributed to geographic regions based upon the region in which the materials were delivered to the customer. Sales between geographic regions were not Financial information regarding the Company's continuing operations by geographic region is as follows: Fiscal Year 2021 2020 2019 Sales: North America $ 43,874 $ 56,264 $ 47,505 Asia 625 1,378 1,070 Europe 1,777 2,372 2,541 Total sales $ 46,276 $ 60,014 $ 51,116 Long-lived assets: North America $ 31,170 $ 24,942 $ 19,372 Asia 1 1,650 1,546 Europe - - - Total long-lived assets $ 31,171 $ 26,592 $ 20,918

Note 14 - Customer and Supplier

Note 14 - Customer and Supplier Concentrations	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	14. CUSTOMER AND SUPPLIER CONCENTRATIONS As a result of the sale of the Electronics Business, the Company now operates in a single segment. As such, segment reporting is no Customers 27.9%, 48.2% 42.8% 2021, 2020 2019 20.7% 2021 While no 10% 2021, 2020 2019 Sources of Supply not not

Note 15 - Accounting Pronouncem

Note 15 - Accounting Pronouncements	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	15. ACCOUNTING PRONOUNCEMENTS Recently Adopted In June 2018, No. 2016 13, 326 December 15, 2019 ( January 1, 2020, not December 15, 2020, first 2021 2016 13 not In August 2018, No. 2018 13, 820 1 2 3 February 28, 2021 first 2021 2018 13 not Recently Issued In December 2019, No. 2019 12, 740 2019 12 December 15, 2020, December 15, 2021 December 15, 2022. 1 not 2 not 2019 12 not

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
Quarterly Financial Information [Text Block]	PARK AEROSPACE CORP. AND SUBSIDIARIES SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Amounts in thousands, except per share amounts) Quarter First Second Third Fourth Fiscal 2021: Net sales $ 12,213 $ 9,250 $ 10,372 $ 14,441 Gross profit 3,674 2,638 2,553 4,326 Net earnings from continuing operations 1,972 1,151 1,037 1,032 Net loss from discontinued operations (15 ) (197 ) (116 ) - Net earnings 1,957 954 921 1,032 Basic earnings (loss) per share: Basic net earnings per share from continuing operations $ 0.10 $ 0.06 $ 0.05 $ 0.05 Basic net loss per share from discontinued operations - (0.01 ) - - Basic earnings per share 0.10 0.05 0.05 0.05 Diluted earnings (loss) per share: Diluted net earnings per share from continuing operations $ 0.10 $ 0.06 $ 0.05 $ 0.05 Diluted net loss per share from discontinued operations - (0.01 ) - - Diluted earnings per share 0.10 0.05 0.05 0.05 Weighted average common shares outstanding: Basic 20,402 20,381 20,381 20,382 Diluted 20,460 20,433 20,434 20,587 Fiscal 2020: Net sales $ 14,950 $ 13,723 $ 15,847 $ 15,494 Gross profit 4,804 3,813 5,022 5,034 Net earnings from continuing operations 2,714 2,052 2,806 2,633 Net (loss) earnings from discontinued operations (127 ) 83 (360 ) (249 ) Net earnings 2,587 2,135 2,446 2,384 Basic earnings (loss) per share: Basic net earnings per share from continuing operations $ 0.13 $ 0.10 $ 0.14 $ 0.13 Basic net (loss) earnings per share from discontinued operations - - (0.02 ) (0.01 ) Basic earnings per share 0.13 0.10 0.12 0.12 Diluted earnings (loss) per share: Diluted net earnings per share from continuing operations $ 0.13 $ 0.10 $ 0.14 $ 0.13 Diluted net (loss) earnings per share from discontinued operations - - (0.02 ) (0.01 ) Diluted earnings per share 0.13 0.10 0.12 0.12 Weighted average common shares outstanding: Basic 20,492 20,499 20,518 20,519 Diluted 20,586 20,601 20,617 20,578 Earnings per share are computed separately for each quarter. There‐fore, the sum of such quarterly per share amounts may

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Feb. 28, 2021
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	PARK AEROSPACE 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 28, 2021 $ 3,175,000 $ 412,000 $ - $ - $ 3,587,000 52 weeks ended March 1, 2020 $ 2,755,000 $ 420,000 $ - $ - $ 3,175,000 53 weeks ended March 3, 2019 $ 2,981,000 $ - $ - $ (226,000 ) $ 2,755,000 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 28, 2021 $ 73,000 $ 16,000 $ - $ - $ 89,000 52 weeks ended March 1, 2020 $ 32,000 $ 41,000 $ - $ - $ 73,000 53 weeks ended March 3, 2019 $ 32,000 $ - $ - $ - $ 32,000 (A)

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Feb. 28, 2021
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	a. Principles of Consolidation
Basis of Accounting, Policy [Policy Text Block]	b. Basis of Presentation July 25, 2018, $145,000 December 4, 2018. ( 12 205 20, Discontinued Operations. 12
Use of Estimates, Policy [Policy Text Block]	c. Use of Estimates may
Fiscal Period, Policy [Policy Text Block]	d. Accounting Period 52 53 February. 2021, 2020 2019 February 28, 2021, March 1, 2020 March 3, 2019, 2021, 2020 2019 52, 52 53
Fair Value Measurement, Policy [Policy Text Block]	e. Fair Value Measurements (i.e. Fair value measurements are broken down into three Level 1 Level 2 1 2 e.g. Level 3 not 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. 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 2 2 The Company's non-financial assets measured at fair value on a non-recurring basis, for purposes of calculating impairment, include goodwill and any long-lived assets written down to fair value. To measure fair value of such assets, the Company uses Level 3 no 2021, 2020 2019
Cash and Cash Equivalents, Policy [Policy Text Block]	f. Cash and Cash Equivalents 90 $29,492 $2,496 February 28, 2021 March 1, 2020, 2 $29,301 $116,542 February 28, 2021 one Supplemental cash flow information: Fiscal Year 2021 2020 2019 Cash paid during the year for: Income taxes, net of refunds $ 782 $ 8,296 $ 14,451 At February 28, 2021 March 1, 2020, $12,446 $21,
Marketable Securities, Policy [Policy Text Block]	g. Marketable Securities
Inventory, Policy [Policy Text Block]	h . Inventories first first
Revenue [Policy Text Block]	i . Revenue Recognition 1 2 3 4 5
Contract with Customer, Sales Allowances and Product Warranties [Policy Text Block]	j . Sales Allowances and Product Warranties may no may 1.0% three
Accounts Receivable [Policy Text Block]	k. Accounts Receivable not may
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	l . Valuation of Long-Lived Assets may not not $1,318 2021 no 2020 2019
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	m. Goodwill and Other Intangible Assets not 15 may not first not not one first fourth no 2021 2020
Contract with Customer, Shipping and Handling Cost, Policy [Policy Text Block]	n . Shipping Costs third
Property, Plant and Equipment, Policy [Policy Text Block]	o . Property, Plant and Equipment 10 25 30 $1,150, $1,544 $1,784 2021, 2020 2019
Income Tax, Policy [Policy Text Block]	p . Income Taxes may 4 Tax benefits are recognized for an uncertain tax position when, in the Company's judgment, it is more likely than not not 50%
Foreign Currency Transactions and Translations Policy [Policy Text Block]	q. Foreign Currency Translation
Share-based Payment Arrangement [Policy Text Block]	r. Stock-Based Compensation four
Treasury Stock Policy [Policy Text Block]	s. Treasury Stock
Lessee, Leases [Policy Text Block]	t. Leases one ten 2068 not

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Fiscal Year 2021 2020 2019 Cash paid during the year for: Income taxes, net of refunds $ 782 $ 8,296 $ 14,451

Note 2 - Marketable Securities

Note 2 - Marketable Securities (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Debt Securities, Available-for-sale [Table Text Block]	February 28, 2021 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 56,906 $ 56,906 $ - $ - U.S. corporate debt securities 18,041 18,041 - - Total marketable securities $ 74,947 $ 74,947 $ - $ - March 1, 2020 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 101,390 $ 101,390 $ - $ - U.S. corporate debt securities 15,555 15,555 - - Total marketable securities $ 116,945 $ 116,945 $ - $ -
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses February 28, 2021: U.S. Treasury and other government securities $ 57,400 $ 153 $ 647 U.S. corporate debt securities 18,008 52 19 Total marketable securities $ 75,408 $ 205 $ 666 March 1, 2020: U.S. Treasury and other government securities $ 100,626 $ 764 $ - U.S. corporate debt securities 15,473 82 - Total marketable securities $ 116,099 $ 846 $ -
Realized Gain (Loss) on Investments [Table Text Block]	Fiscal Year 2021 2020 2019 Gross realized gains on sale $ 155 $ 90 $ - Gross realized losses on sale $ 145 $ 75 $ 1,498
Investments Classified by Contractual Maturity Date [Table Text Block]	Due in one year or less $ 63,294 Due after one year through five years 11,653 $ 74,947

Note 3 - Other Consolidated B_2

Note 3 - Other Consolidated Balance Sheet Data (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Schedule of Other Balance Sheet Data [Table Text Block]	February 28, March 1, 2021 2020 Inventories: Raw materials $ 3,490 $ 5,319 Work-in-process 147 254 Finished goods 1,157 806 $ 4,794 $ 6,379 Property, plant and equipment: Land, buildings and improvements $ 14,236 $ 13,642 Machinery, equipment, furniture and fixtures 37,446 35,182 51,682 48,824 Less: accumulated depreciation and amortization 30,552 32,724 $ 21,130 $ 16,100 Goodwill and other intangible assets: Goodwill $ 9,776 $ 9,776 Other intangibles 21 28 $ 9,797 $ 9,804 Accrued liabilities: Payroll and payroll related $ 596 $ 578 Employee benefits 2 1 Workers' compensation 138 111 Professional fees 451 467 Restructuring (Notes 8 and 12) 260 432 Other 261 120 $ 1,708 $ 1,709

Note 4 - Income Taxes (Tables)

Note 4 - Income Taxes (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Fiscal Year 2021 2020 2019 Current: Federal $ 1,662 $ 2,556 $ 1,776 State and local 447 40 164 Foreign 10 383 258 2,119 2,979 2,198 Deferred: Federal 132 899 (71 ) State and local 109 (12 ) (362 ) Foreign (267 ) - 26 (26 ) 887 (407 ) $ 2,093 $ 3,866 $ 1,791
Schedule of Components of Income Tax Expense (Benefit), Discontinued Operation [Table Text Block]	Fiscal Year 2021 2020 2019 Current: Federal $ (84 ) $ 11,198 $ (1,400 ) State and local (23 ) 1,455 168 Foreign - 1,397 327 (107 ) 14,050 (905 ) Deferred: Federal - 686 (430 ) State and local - 564 (31 ) Foreign - (617 ) 63 - 633 (398 ) $ (107 ) $ 14,683 $ (1,303 )
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Fiscal Year 2021 2020 2019 United States $ 8,732 $ 11,676 $ 6,661 Foreign (1,447 ) 2,395 1,436 Earnings before income taxes $ 7,285 $ 14,071 $ 8,097 Fiscal Year 2021 2020 2019 United States $ (435 ) $ (887 ) $ 7,485 Foreign - - 114,437 (Loss) earnings before income taxes $ (435 ) $ (887 ) $ 121,922
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Fiscal Year 2021 2020 2019 Statutory U.S. Federal tax rate 21.0 % 21.0 % 21.0 % State and local taxes, net of Federal benefit 5.9 % 0.1 % 1.6 % Foreign tax rate differentials 0.7 % (0.6 %) (0.8 %) Valuation allowance on deferred tax assets 0.0 % (0.1 %) (2.8 %) Adjustment on tax accruals 0.0 % (17.6 %) 2.9 % ASC 740-10 change 0.9 % 23.5 % 0.4 % Foreign tax credits (0.1 %) (2.7 %) (3.2 %) Subpart F 1.1 % 4.0 % 4.0 % Permanent differences and other (0.8 %) (0.1 %) (1.0 %) 28.7 % 27.5 % (22.1 % )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	February 28, March 1, 2021 2020 Deferred tax assets: Net operating loss carryforwards $ 2,602 $ 2,608 Tax credits carryforward 991 621 Stock options 1,235 1,120 Other, net 774 478 5,602 4,827 Valuation allowance on deferred tax assets (3,587 ) (3,175 ) Total deferred tax assets, net of valuation allowance 2,015 1,652 Deferred tax liabilities: Depreciation (2,045 ) (1,743 ) Undistributed earnings (4 ) (2 ) Other (702 ) (699 ) Total deferred tax liabilities (2,751 ) (2,444 ) Net deferred tax asset (liability) $ (736 ) $ (792 )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	Unrecognized Tax Benefits February 28, March 1, March 3, 2021 2020 2019 Balance, beginning of year $ 4,164 $ 937 $ 314 Tax positions - Discontinued Ops in prior period (47 ) - 187 Gross decreases - tax positions in prior period - (32 ) (256 ) Gross increases - current period tax positions - 3,259 784 Audit settlements - - (92 ) Balance, end of year $ 4,117 $ 4,164 $ 937 Unrecognized Tax Benefits March 1, March 3, February 25, 2020 2019 2018 Balance, beginning of year $ - $ - $ 187 Tax positions - Discontinued Ops in prior period - - (187 ) Gross decreases - tax positions in prior period - - Gross increases - current period tax positions - - Lapse of statute of limitations - - Balance, end of year $ - $ - $ -
Summary of Income Tax Examinations [Table Text Block]	U.S. Federal 2019 - 2021 California 2018 - 2021 New York 2018 - 2021 Kansas 2018 - 2021 France 2018 - 2021 Singapore 2017 - 2021

Note 5 - Stock-based Compensa_2

Note 5 - Stock-based Compensation (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Fiscal Year 2021 2020 2019 Weighted average fair value per share of option grants $2.12 $3.97 $3.66 Risk-free interest rates 0.23% - 0.42% 2.24% - 2.26% % 2.83% Expected stock price volatility 26.9% - 30.0% 30.4% - 31.5% 24.7% Expected dividend yields 3.18% - 3.49% 2.43% 2.32% Estimated option terms (in years) 4.3 - 7.6 4.3 - 5.8 5.2
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Outstanding Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Balance, February 25, 2018 885,554 $ 17.55 Granted 2,650 13.50 Exercised (244,382 ) 12.18 Terminated or expired (103,113 ) 18.75 Balance, March 3, 2019 540,709 $ 13.49 Granted 114,450 15.44 Exercised (32,873 ) 11.64 Terminated or expired (111,652 ) 15.95 Balance, March 1, 2020 510,634 $ 12.45 $ 735 Granted 132,100 12.55 Exercised (1,450 ) 8.02 Terminated or expired (6,750 ) 13.01 Balance, February 28, 2021 634,534 $ 12.47 5.19 $ 901 Vested and exercisable, February 28, 2021 426,159 $ 11.89 3.45 $ 852 Expected to vest, February 28, 2021 596,462 $ 12.47 5.19 $ 847
Schedule of Nonvested Share Activity [Table Text Block]	Shares Subject to Options Weighted Average Grant Date Fair Value Non-vested, beginning of year 109,976 $ 3.96 Granted 132,100 3.88 Vested (27,313 ) 3.96 Terminated or expired (6,388 ) 2.75 Non-vested, end of year 208,375 $ 2.80

Note 6 - Shareholders' Equity (

Note 6 - Shareholders' Equity (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	February 28, 2021 March 1, 2020 Unrealized (losses) gains on investments, net of taxes of ($1,004) and $690, respectively $ (336 ) $ 668 Accumulated balance $ (336 ) $ 668

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Fiscal Year (Amounts in thousands, except per share amounts) 2021 2020 2019 Net earnings - continuing operations $ 5,192 $ 10,205 $ 6,306 Net (loss) earnings - discontinued operations (328 ) (653 ) 107,239 Net earnings $ 4,864 $ 9,552 $ 113,545 Weighted average common shares outstanding for basic EPS 20,387 20,507 20,288 Net effect of dilutive options 91 88 97 Weighted average shares outstanding for diluted EPS 20,478 20,595 20,385 Basic earnings per share - continuing operations $ 0.25 $ 0.50 $ 0.31 Basic (loss) earnings per share - discontinued operations (0.01 ) (0.03 ) 5.29 Basic earnings per share $ 0.24 $ 0.47 $ 5.60 Diluted earnings per share - continuing operations $ 0.25 $ 0.50 $ 0.31 Diluted (loss) earnings per share - discontinued operations (0.01 ) (0.03 ) 5.26 Diluted earnings per share $ 0.24 $ 0.47 $ 5.57

Note 8 - Restructuring Charges

Note 8 - Restructuring Charges (Tables)	12 Months Ended
	Feb. 28, 2021
Closure of Park Aerospace Technologies Asia PTE, LTD facility located in Singapore [Member]
Notes Tables
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	Accrual March 1, 2020 Current Period Charges Cash Payments Non-Cash Charges Accrual February 28, 2021 Total Expense Accrued to Date Facility Lease Costs $ - $ 252 $ - $ - $ 252 $ 252 Asset Impairment - 1,318 - (1,318 ) - 1,318 Other - - - - - - Total Restructuring Charges $ - $ 1,570 $ - $ (1,318 ) $ 252 $ 1,570

Note 10 - Leases and Commitme_2

Note 10 - Leases and Commitments (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Fiscal Year: 2022 $ 33 2023 - 2024 - 2025 - 2026 - Thereafter 162 Total undiscounted operating lease payments 195 Less imputed interest (76 ) Present value of operating lease payments $ 119 Fiscal Year Amount 2022 $ 33 2023 - 2024 - 2025 - 2026 - Thereafter - $ 33
Schedule of Right-of-use Assets and Operating Lease Liabilities [Table Text Block]	Operating right-of-use assets $ 103 Operating lease liabilities $ 33 Long-term operating lease liabilities 86 Total operating lease liabilities $ 119

Note 12 - Discontinued Operat_2

Note 12 - Discontinued Operations (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Fiscal Year Ended February 28, March 1, March 3, 2021 2020 2019 Net sales $ - $ - $ 57,492 Cost of sales - - 44,361 Gross profit - - 13,131 Selling, general and administrative expenses 8 234 8,826 Restructuring charges 427 941 636 (Loss) earnings from discontinued operations (435 ) (1,175 ) 3,669 Other income - 288 118,253 (Loss) earnings from discontinued operations before income taxes (435 ) (887 ) 121,922 Income tax (benefit) provision (107 ) (234 ) 14,683 Net (loss) earnings from discontinued operations $ (328 ) $ (653 ) $ 107,239
Restructuring and Related Costs [Table Text Block]	Accrual March 1, 2020 Current Period Charges Cash Payments Non-Cash Charges Accrual February 28, 2021 Total Expense Accrued to Date Total Expected Costs Facility Lease Costs $ 432 $ 151 $ (580 ) $ - $ 3 $ 3,080 $ 3,080 Severance Costs - - - - - 1,081 1,081 Equipment Removal - 229 (224 ) - 5 815 815 Other - 47 (47 ) - - 963 963 Total Restructuring Charges $ 432 $ 427 $ (851 ) $ - $ 8 $ 5,939 $ 5,939

Note 13 - Geographic Regions (T

Note 13 - Geographic Regions (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Fiscal Year 2021 2020 2019 Sales: North America $ 43,874 $ 56,264 $ 47,505 Asia 625 1,378 1,070 Europe 1,777 2,372 2,541 Total sales $ 46,276 $ 60,014 $ 51,116 Long-lived assets: North America $ 31,170 $ 24,942 $ 19,372 Asia 1 1,650 1,546 Europe - - - Total long-lived assets $ 31,171 $ 26,592 $ 20,918

Selected Quarterly Financial _2

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Feb. 28, 2021
Notes Tables
Quarterly Financial Information [Table Text Block]	Quarter First Second Third Fourth Fiscal 2021: Net sales $ 12,213 $ 9,250 $ 10,372 $ 14,441 Gross profit 3,674 2,638 2,553 4,326 Net earnings from continuing operations 1,972 1,151 1,037 1,032 Net loss from discontinued operations (15 ) (197 ) (116 ) - Net earnings 1,957 954 921 1,032 Basic earnings (loss) per share: Basic net earnings per share from continuing operations $ 0.10 $ 0.06 $ 0.05 $ 0.05 Basic net loss per share from discontinued operations - (0.01 ) - - Basic earnings per share 0.10 0.05 0.05 0.05 Diluted earnings (loss) per share: Diluted net earnings per share from continuing operations $ 0.10 $ 0.06 $ 0.05 $ 0.05 Diluted net loss per share from discontinued operations - (0.01 ) - - Diluted earnings per share 0.10 0.05 0.05 0.05 Weighted average common shares outstanding: Basic 20,402 20,381 20,381 20,382 Diluted 20,460 20,433 20,434 20,587 Fiscal 2020: Net sales $ 14,950 $ 13,723 $ 15,847 $ 15,494 Gross profit 4,804 3,813 5,022 5,034 Net earnings from continuing operations 2,714 2,052 2,806 2,633 Net (loss) earnings from discontinued operations (127 ) 83 (360 ) (249 ) Net earnings 2,587 2,135 2,446 2,384 Basic earnings (loss) per share: Basic net earnings per share from continuing operations $ 0.13 $ 0.10 $ 0.14 $ 0.13 Basic net (loss) earnings per share from discontinued operations - - (0.02 ) (0.01 ) Basic earnings per share 0.13 0.10 0.12 0.12 Diluted earnings (loss) per share: Diluted net earnings per share from continuing operations $ 0.13 $ 0.10 $ 0.14 $ 0.13 Diluted net (loss) earnings per share from discontinued operations - - (0.02 ) (0.01 ) Diluted earnings per share 0.13 0.10 0.12 0.12 Weighted average common shares outstanding: Basic 20,492 20,499 20,518 20,519 Diluted 20,586 20,601 20,617 20,578

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Feb. 28, 2021
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 28, 2021 $ 3,175,000 $ 412,000 $ - $ - $ 3,587,000 52 weeks ended March 1, 2020 $ 2,755,000 $ 420,000 $ - $ - $ 3,175,000 53 weeks ended March 3, 2019 $ 2,981,000 $ - $ - $ (226,000 ) $ 2,755,000 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 28, 2021 $ 73,000 $ 16,000 $ - $ - $ 89,000 52 weeks ended March 1, 2020 $ 32,000 $ 41,000 $ - $ - $ 73,000 53 weeks ended March 3, 2019 $ 32,000 $ - $ - $ - $ 32,000

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019	Jul. 25, 2018
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 41,595	$ 5,410
Cash and Marketable Securities	$ 116,542
Sales Returns and Allowance as Percentage of Sales	1.00%	1.00%	1.00%
Impairment of Long-Lived Assets Held-for-use	$ 1,318	$ 0	$ 0
Finite-Lived Intangible Asset, Useful Life (Year)	15 years
Goodwill, Impairment Loss	$ 0	0
Depreciation, Depletion and Amortization, Total	$ 1,150	1,544	$ 1,784
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	4 years
Minimum [Member]
Lessee, Operating Lease, Renewal Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Renewal Term (Year)	10 years
Machinery, Equipment, Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Land, Buildings and Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	25 years
Land, Buildings and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	30 years
Cash and Cash Equivalents, Foreign Financial Institutions [Member]
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 12,446	21
Company’s Wholly Owned Foreign Subsidiaries [Member]
Cash and Marketable Securities	29,301
Debt Securities [Member]
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 29,492	$ 2,496
Electronics Business [Member] | Electronics Business [Member]
Disposal Group, Including Discontinued Operation, Consideration				$ 145,000

Note 1 - Summary of Significa_4

Note 1 - Summary of Significant Accounting Policies - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Income taxes, net of refunds	$ 782	$ 8,296	$ 14,451

Note 2 - Marketable Securitie_2

Note 2 - Marketable Securities (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 01, 2020	Mar. 03, 2019
Loss on Sale of Investments		$ 1,498
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 1	$ 4.25

Note 2 - Marketable Securitie_3

Note 2 - Marketable Securities - Summary of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
Available-for-sale securities	$ 74,947	$ 116,945
Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities	74,947	116,945
Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities
Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
US Treasury and Government [Member]
Available-for-sale securities	56,906	101,390
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities	56,906	101,390
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Debt Security, Corporate, US [Member]
Available-for-sale securities	18,041	15,555
Debt Security, Corporate, US [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities	18,041	15,555
Debt Security, Corporate, US [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities
Debt Security, Corporate, US [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities

Note 2 - Marketable Securitie_4

Note 2 - Marketable Securities - Summary of Unrealized Gains and Losses on Available-for-sale Securities (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
Amortized cost basis	$ 75,408	$ 116,099
Gross unrealized gains	205	846
Gross unrealized losses	666
US Treasury and Government [Member]
Amortized cost basis	57,400	100,626
Gross unrealized gains	153	764
Gross unrealized losses	647
Debt Security, Corporate, US [Member]
Amortized cost basis	18,008	15,473
Gross unrealized gains	52	82
Gross unrealized losses	$ 19

Note 2 - Marketable Securitie_5

Note 2 - Marketable Securities - Summary of Realized Gains/Losses on Available-for-Sale Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Gross realized gains on sale	$ 155	$ 90
Gross realized losses on sale	$ 145	$ 75	$ 1,498

Note 2 - Marketable Securitie_6

Note 2 - Marketable Securities - Estimated Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
Due in one year or less	$ 63,294
Due after one year through five years	11,653
Debt Securities, Available-for-sale, Total	$ 74,947	$ 116,945

Note 3 - Other Consolidated B_3

Note 3 - Other Consolidated Balance Sheet Data - Other Consolidated Balance Sheet Data (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
Raw materials	$ 3,490	$ 5,319
Work-in-process	147	254
Finished goods	1,157	806
Inventory, Net, Total	4,794	6,379
Land, buildings and improvements	51,682	48,824
Less: accumulated depreciation and amortization	30,552	32,724
Property, Plant and Equipment, Net, Ending Balance	21,130	16,100
Goodwill	9,776	9,776
Other intangibles	21	28
Intangible Assets, Net (Including Goodwill), Total	9,797	9,804
Payroll and payroll related	596	578
Employee benefits	2	1
Workers' compensation	138	111
Professional fees	451	467
Restructuring (Notes 8 and 12)	260	432
Other	261	120
Accrued Liabilities, Current, Total	1,708	1,709
Land, Buildings and Improvements [Member]
Land, buildings and improvements	14,236	13,642
Machinery, Equipment, Furniture and Fixtures [Member]
Land, buildings and improvements	$ 37,446	$ 35,182

Note 4 - Income Taxes (Details

Note 4 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019	Feb. 25, 2018
Undistributed Earnings, Basic, Total	$ 25,000
Foreign Earnings Repatriated	0	$ 100,216	$ 113,600
Effective Income Tax Rate Reconciliation, Operating Loss Carryforwards, Amount		64
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount		191
Deferred Tax Assets, Valuation Allowance, Total	3,587	3,175
Unrecognized Tax Benefits, Ending Balance	4,117	4,164	$ 937	$ 314
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	335	193
Other Noncurrent Liabilities [Member]
Unrecognized Tax Benefits, Ending Balance	4,452	4,356
Research Tax Credit Carryforward [Member]
Tax Credit Carryforward, Amount	0	45
State and Local Jurisdiction [Member]
Operating Loss Carryforwards, Total	2,160	2,515
State and Local Jurisdiction [Member] | Arizona Department of Revenue [Member]
Tax Credit Carryforward, Amount	991	576
State and Local Jurisdiction [Member] | New York State Division of Taxation and Finance [Member] | Nelco Technology Zhuhai FTZ Ltd [Member]
Deferred Tax Assets, Valuation Allowance, Total	3,587
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 412
State and Local Jurisdiction [Member] | Minimum [Member]
Operating Loss Carryforwards Expiration Year	2021
State and Local Jurisdiction [Member] | Maximum [Member]
Operating Loss Carryforwards Expiration Year	2039
Foreign Tax Authority [Member]
Operating Loss Carryforwards, Total	$ 7,798	$ 7,862

Note 4 - Income Taxes - Provisi

Note 4 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Federal	$ 1,662	$ 2,556	$ 1,776
State and local	447	40	164
Foreign	10	383	258
Current Income Tax Expense (Benefit), Total	2,119	2,979	2,198
Federal	132	899	(71)
State and local	109	(12)	(362)
Foreign	(267)		26
Deferred Income Tax Expense (Benefit), Total	(26)	887	(407)
Income Tax Expense (Benefit), Total	$ 2,093	$ 3,866	$ 1,791

Note 4 - Income Taxes - Income

Note 4 - Income Taxes - Income Tax (Benefit) Provision for Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Federal	$ (84)	$ 11,198	$ (1,400)
State and local	(23)	1,455	168
Foreign		1,397	327
Discontinued Operation, Current Income Tax Expense (Benefit)	(107)	14,050	(905)
Federal		686	(430)
State and local		564	(31)
Foreign		(617)	63
Discontinued Operation, Deferred Income Tax Expense (Benefit)		633	(398)
Discontinued Operation, Tax Effect of Discontinued Operation, Total	$ (107)	$ 14,683	$ (1,303)

Note 4 - Income Taxes - Compone

Note 4 - Income Taxes - Components of Earnings Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
United States	$ 8,732	$ 11,676	$ 6,661
Foreign	(1,447)	2,395	1,436
Earnings before income taxes	7,285	14,071	8,097
Discontinued operations, United States	(435)	(887)	7,485
Discontinued operations, foreign			114,437
(Loss) earnings before income taxes	$ (435)	$ (887)	$ 121,922

Note 4 - Income Taxes - Effecti

Note 4 - Income Taxes - Effective Income Tax Reconciliation (Details)	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Statutory U.S. Federal tax rate	21.00%	21.00%	21.00%
State and local taxes, net of Federal benefit	5.90%	0.10%	1.60%
Foreign tax rate differentials	0.70%	(0.60%)	(0.80%)
Valuation allowance on deferred tax assets	0.00%	(0.10%)	(2.80%)
Adjustment on tax accruals	0.00%	(17.60%)	2.90%
ASC 740-10 change	0.90%	23.50%	0.40%
Foreign tax credits	(0.10%)	(2.70%)	(3.20%)
Subpart F	1.10%	4.00%	4.00%
Permanent differences and other	(0.80%)	(0.10%)	(1.00%)
Effective Income Tax Rate Reconciliation, Percent, Total	28.70%	27.50%	(22.10%)

Note 4 - Income Taxes - Compo_2

Note 4 - Income Taxes - Components of Deferred Tax Liabilities and Assets (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
Deferred tax assets:
Net operating loss carryforwards	$ 2,602	$ 2,608
Tax credits carryforward	991	621
Stock options	1,235	1,120
Other, net	774	478
Deferred Tax Assets, Gross, Total	5,602	4,827
Valuation allowance on deferred tax assets	(3,587)	(3,175)
Total deferred tax assets, net of valuation allowance	2,015	1,652
Deferred tax liabilities:
Depreciation	(2,045)	(1,743)
Undistributed earnings	(4)	(2)
Other	(702)	(699)
Total deferred tax liabilities	(2,751)	(2,444)
Net deferred tax liability	$ (736)	$ (792)

Note 4 - Income Taxes - Unrecog

Note 4 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019	Feb. 25, 2018
Balance, beginning of year	$ 4,164	$ 937	$ 314
Tax positions - Discontinued Ops in prior period	(47)	(32)	(256)
Tax positions - Discontinued Ops in prior period			187
Gross increases - current period tax positions		3,259	784
Audit settlements			(92)
Balance, end of year	4,117	4,164	937	$ 314
Electronics Business [Member]
Balance, beginning of year				187
Tax positions - Discontinued Ops in prior period
Gross increases - current period tax positions
Tax positions - Discontinued Ops in prior period				(187)
Lapse of statute of limitations
Balance, end of year

Note 4 - Income Taxes - Open Ta

Note 4 - Income Taxes - Open Tax Years by Major Jurisdiction (Details)	12 Months Ended
	Feb. 28, 2021
Earliest Tax Year [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Open tax year	2019
Earliest Tax Year [Member] | State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Open tax year	2018
Earliest Tax Year [Member] | State and Local Jurisdiction [Member] | New York State Division of Taxation and Finance [Member]
Open tax year	2018
Earliest Tax Year [Member] | State and Local Jurisdiction [Member] | Kansas Department of Revenue [Member]
Open tax year	2018
Earliest Tax Year [Member] | Foreign Tax Authority [Member] | Ministry of the Economy, Finance and Industry, France [Member]
Open tax year	2018
Earliest Tax Year [Member] | Foreign Tax Authority [Member] | Inland Revenue, Singapore (IRAS) [Member]
Open tax year	2017
Latest Tax Year [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Open tax year	2021
Latest Tax Year [Member] | State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Open tax year	2021
Latest Tax Year [Member] | State and Local Jurisdiction [Member] | New York State Division of Taxation and Finance [Member]
Open tax year	2021
Latest Tax Year [Member] | State and Local Jurisdiction [Member] | Kansas Department of Revenue [Member]
Open tax year	2021
Latest Tax Year [Member] | Foreign Tax Authority [Member] | Ministry of the Economy, Finance and Industry, France [Member]
Open tax year	2021
Latest Tax Year [Member] | Foreign Tax Authority [Member] | Inland Revenue, Singapore (IRAS) [Member]
Open tax year	2021

Note 5 - Stock-based Compensa_3

Note 5 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jul. 24, 2018	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Common Stock, Capital Shares Reserved for Future Issuance (in shares)		566,000
Share-based Payment Arrangement, Plan Modification, Incremental Cost			$ 208	$ 528
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)			$ 1	$ 4.25
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value		$ 8	$ 124	$ 1,157
Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expense			$ 726	$ 1,249
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		4 years
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total		$ 484
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)		2 years 219 days
The 2018 Stock Option Plan [Member]
Percentage of Stock Options, Exercisable One Year From Date of Grant	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	1 year
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 (Year)	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	800,000
Common Stock, Capital Shares Reserved for Future Issuance (in shares)		566,000

Note 5 - Stock-based Compensa_4

Note 5 - Stock-based Compensation - Fair Value Assumptions (Details) - $ / shares	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Weighted average fair value per share of option grants (in dollars per share)	$ 2.12	$ 3.97	$ 3.66
Risk-free interest rates			2.83%
Expected stock price volatility			24.70%
Expected dividend yields		2.43%	2.32%
Estimated option terms (in years) (Year)			5 years 73 days
Minimum [Member]
Risk-free interest rates	0.23%	2.24%
Expected stock price volatility	26.90%	30.40%
Expected dividend yields	3.18%
Estimated option terms (in years) (Year)	4 years 109 days	4 years 109 days
Maximum [Member]
Risk-free interest rates	0.42%	2.26%
Expected stock price volatility	30.00%	31.50%
Expected dividend yields	3.49%
Estimated option terms (in years) (Year)	7 years 219 days	5 years 292 days

Note 5 - Stock-based Compensa_5

Note 5 - Stock-based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Outstanding options (in shares)	510,634	540,709	885,554
Balance, weighted average exercise price (in dollars per share)	$ 12.45	$ 13.49	$ 17.55
Outstanding options, granted (in shares)	132,100	114,450	2,650
Granted, weighted average exercise price (in dollars per share)	$ 12.55	$ 15.44	$ 13.50
Outstanding options, exercised (in shares)	(1,450)	(32,873)	(244,382)
Exercised, weighted average exercise price (in dollars per share)	$ 8.02	$ 11.64	$ 12.18
Outstanding options, terminated or expired (in shares)	(6,750)	(111,652)	(103,113)
Terminated or expired, weighted average exercise price (in dollars per share)	$ 13.01	$ 15.95	$ 18.75
Outstanding aggregate intrinsic value	$ 901	$ 735
Outstanding options (in shares)	634,534	510,634	540,709
Balance, weighted average exercise price (in dollars per share)	$ 12.47	$ 12.45	$ 13.49
Balance, weighted average remaining contractual term (Year)	5 years 69 days
Vested and exercisable (in shares)	426,159
Vested and exercisable, weighted average exercise price (in dollars per share)	$ 11.89
Vested and exercisable, weighted average remaining contractual term (Year)	3 years 164 days
Vested and exercisable, aggregate intrinsic value	$ 852
Expected to vest (in shares)	596,462
Expected to vest, weighted average exercise price (in dollars per share)	$ 12.47
Expected to vest, weighted average remaining contractual term (Year)	5 years 69 days
Expected to vest, aggregate intrinsic value	$ 847

Note 5 - Stock-based Compensa_6

Note 5 - Stock-based Compensation - Non-vested Options (Details) - $ / shares	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Non-vested, beginning of year (in shares)	109,976
Non-vested, beginning of year (in dollars per share)	$ 3.96
Granted (in shares)	132,100	114,450	2,650
Granted (in dollars per share)	$ 3.88
Vested (in shares)	(27,313)
Vested (in dollars per share)	$ 3.96
Terminated or expired (in shares)	(6,388)
Terminated or expired (in dollars per share)	$ 2.75
Non-vested, end of year (in shares)	208,375	109,976
Non-vested, end of year (in dollars per share)	$ 2.80	$ 3.96

Note 6 - Shareholders' Equity_2

Note 6 - Shareholders' Equity (Details Textual) - USD ($) $ in Thousands	Mar. 10, 2016	Feb. 28, 2021	Feb. 28, 2016	Jan. 08, 2015	Jan. 07, 2015
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)				1,250,000
Stock Repurchase Program, Percentage of Outstanding Shares Authorized to be Repurchased		6.80%			6.00%
Common Stock, Shares, Outstanding, Ending Balance (in shares)		20,382,876			20,945,634
Stock Repurchase Program, Number of Additional Shares Authorized to be Repurchased (in shares)	1,000,000
Stock Repurchased During Period, Shares (in shares)		137,397	599,832
Stock Repurchased and Retired During Period, Value		$ 1,644	$ 12,187
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)		1,394,015
Common Stock, Capital Shares Reserved for Future Issuance (in shares)		566,000

Note 6 - Shareholders' Equity -

Note 6 - Shareholders' Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
Unrealized (losses) gains on investments, net of taxes of ($1,004) and $690, respectively	$ (336)	$ 668
Accumulated balance	$ (336)	$ 668

Note 7 - Earnings Per Share (De

Note 7 - Earnings Per Share (Details Textual) - shares	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	387,975	132,000	213,893

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. 28, 2021	Nov. 29, 2020	Aug. 30, 2020	May 31, 2020	Mar. 01, 2020	Dec. 01, 2019	Sep. 01, 2019	Jun. 02, 2019	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Net earnings - continuing operations	$ 1,032	$ 1,037	$ 1,151	$ 1,972	$ 2,633	$ 2,806	$ 2,052	$ 2,714	$ 5,192	$ 10,205	$ 6,306
Net (loss) earnings - discontinued operations		(116)	(197)	(15)	(249)	(360)	83	(127)	(328)	(653)	107,239
Net earnings	$ 1,032	$ 921	$ 954	$ 1,957	$ 2,384	$ 2,446	$ 2,135	$ 2,587	$ 4,864	$ 9,552	$ 113,545
Weighted average common shares outstanding for basic EPS (in shares)	20,382	20,381	20,381	20,402	20,519	20,518	20,499	20,492	20,387	20,507	20,288
Net effect of dilutive options (in shares)									91	88	97
Weighted average shares outstanding for diluted EPS (in shares)	20,587	20,434	20,433	20,460	20,578	20,617	20,601	20,586	20,478	20,595	20,385
Basic earnings per share - continuing operations (in dollars per share)	$ 0.05	$ 0.05	$ 0.06	$ 0.10	$ 0.13	$ 0.14	$ 0.10	$ 0.13	$ 0.25	$ 0.50	$ 0.31
Basic (loss) earnings per share - discontinued operations (in dollars per share)			(0.01)		(0.01)	(0.02)			(0.01)	(0.03)	5.29
Basic earnings per share (in dollars per share)	0.05	0.05	0.05	0.10	0.12	0.12	0.10	0.13	0.24	0.47	5.60
Diluted earnings per share - continuing operations (in dollars per share)	0.05	0.05	0.06	0.10	0.13	0.14	0.10	0.13	0.25	0.50	0.31
Diluted (loss) earnings per share - discontinued operations (in dollars per share)			(0.01)		(0.01)	(0.02)			(0.01)	(0.03)	5.26
Diluted earnings per share (in dollars per share)	$ 0.05	$ 0.05	$ 0.05	$ 0.10	$ 0.12	$ 0.12	$ 0.10	$ 0.13	$ 0.24	$ 0.47	$ 5.57

Note 8 - Restructuring Charge_2

Note 8 - Restructuring Charges (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Restructuring Charges, Total	$ 1,570
Facility Closing [Member]
Restructuring Charges, Total	$ 1,570	$ 0	$ 0

Note 8 - Restructuring Charge_3

Note 8 - Restructuring Charges - Restructuring Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Current Period Charges	$ 1,570
Closure of Park Advanced Composite Materials, Inc. Business Unit [Member]
Accrued, Beginning Balance
Current Period Charges	1,570
Cash Payments
Non-Cash Charges	(1,318)
Accrued, Ending Balance	252
Total Costs Accrued to Date	1,570
Facility Lease Costs [Member] | Closure of Park Advanced Composite Materials, Inc. Business Unit [Member]
Accrued, Beginning Balance
Current Period Charges	252
Cash Payments
Non-Cash Charges
Accrued, Ending Balance	252
Total Costs Accrued to Date	252
Asset Impairment [Member] | Closure of Park Advanced Composite Materials, Inc. Business Unit [Member]
Accrued, Beginning Balance
Current Period Charges	1,318
Cash Payments
Non-Cash Charges	(1,318)
Accrued, Ending Balance
Total Costs Accrued to Date	1,318
Other Restructuring [Member] | Closure of Park Advanced Composite Materials, Inc. Business Unit [Member]
Accrued, Beginning Balance
Current Period Charges
Cash Payments
Non-Cash Charges
Accrued, Ending Balance
Total Costs Accrued to Date

Note 9 - Employee Benefit Pla_2

Note 9 - Employee Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Mar. 01, 2020	Mar. 03, 2019
Deferred Profit Sharing [Member]
Deferred Compensation Arrangement with Individual, Contributions by Employer	$ 168	$ 160

Note 10 - Leases and Commitme_3

Note 10 - Leases and Commitments (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Operating Lease, Expense	$ 173
Operating Lease, Payments	$ 161
Operating Lease, Weighted Average Remaining Lease Term (Year)	12 years 58 days
Lessee, Operating Lease, Liability, to be Paid, after Year Five	$ 161
Operating Lease, Expense, Including Real Estate Taxes and Other Costs	328	$ 368	$ 346
Accrued Liabilities, Current [Member]
Lessee, Operating Lease, Liability, to be Paid, Year One	$ 171
Minimum [Member]
Lessee, Operating Lease, Renewal Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Renewal Term (Year)	10 years

Note 10 - Leases and Commitme_4

Note 10 - Leases and Commitments - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
2026
Thereafter	161
Present value of operating lease payments	119
2026
Lessee, Operating Lease, Liability, to be Paid, after Year Five	161
Leases with Renewal Options [Member]
2022	33
2023
2024
2025
Thereafter	162
Total undiscounted operating lease payments	195
Less imputed interest	(76)
Present value of operating lease payments	119
Lessee, Operating Lease, Liability, to be Paid, Year One	33
2023
2024
2025
Lessee, Operating Lease, Liability, to be Paid, after Year Five	$ 162
Leases without Renewal Options [Member]
2022		33
2023
2024
2025
Thereafter
Lessee, Operating Lease, Liability, to be Paid, Year One		33
2023
2024
2025
Lessee, Operating Lease, Liability, to be Paid, after Year Five
Operating Leases, Future Minimum Payments Due, Total		$ 33

Note 10 - Leases and Commitme_5

Note 10 - Leases and Commitments - Schedule of Right-of-use Assets and Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Mar. 01, 2020
Operating right-of-use assets	$ 103	$ 420
Operating lease liabilities	33	152
Long-term operating lease liabilities	86	$ 268
Total operating lease liabilities	$ 119

Note 11 - Contingencies (Detail

Note 11 - Contingencies (Details Textual) $ in Thousands	12 Months Ended
	Feb. 28, 2021USD ($)
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	2
Accrual for Environmental Loss Contingencies, Ending Balance	$ 0
Number of Insurance Carriers	3

Note 12 - Discontinued Operat_3

Note 12 - Discontinued Operations (Details Textual) - USD ($) $ in Thousands	Dec. 04, 2018	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Restructuring Charges, Total		$ 1,570
Facility Closing [Member]
Restructuring Charges, Total		1,570	0	0
Consolidation of Nelco Products, Inc. and Neltec, Inc. [Member]
Restructuring Charges, Total		427
Restructuring Reserve, Ending Balance		8	432
Consolidation of Nelco Products, Inc. and Neltec, Inc. [Member] | Facility Closing [Member]
Restructuring Charges, Total		427	833	374
Discontinued Operations [Member] | Consolidation of Nelco Products, Inc. and Neltec, Inc. [Member]
Restructuring Charges, Total		$ 0	$ 108	$ 262
Electronics Business [Member] | Discontinued Operations, Disposed of by Sale [Member]
Disposal Group, Including Discontinued Operation, Consideration	$ 145,000
Proceeds from Divestiture of Businesses	124,156
Disposal Group, Including Discontinued Operation, Transaction Costs and Taxes	7,657
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation	13,187
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax, Total	$ 102,145
Disposal Group, Including Discontinued Operation, Consideration Allocation, Percent	2.00%
Disposal Group, Including Discontinued Operation, Blended Tax Rate, Percent		24.70%	(26.40%)	12.00%
Electronics Business [Member] | Discontinued Operations, Disposed of by Sale [Member] | SINGAPORE
Disposal Group, Including Discontinued Operation, Consideration Allocation, Percent	82.00%
Electronics Business [Member] | Discontinued Operations, Disposed of by Sale [Member] | FRANCE
Disposal Group, Including Discontinued Operation, Consideration Allocation, Percent	16.00%

Note 12 - Discontinued Operat_4

Note 12 - Discontinued Operations - Summary of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 28, 2021	Nov. 29, 2020	Aug. 30, 2020	May 31, 2020	Mar. 01, 2020	Dec. 01, 2019	Sep. 01, 2019	Jun. 02, 2019	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Net sales											$ 57,492
Cost of sales											44,361
Gross profit											13,131
Selling, general and administrative expenses									8	234	8,826
Restructuring charges									427	941	636
(Loss) earnings from discontinued operations									(435)	(1,175)	3,669
Other income										288	118,253
(Loss) earnings before income taxes									(435)	(887)	121,922
Income tax (benefit) provision									(107)	14,683	(1,303)
Net (loss) earnings from discontinued operations		$ (116)	$ (197)	$ (15)	$ (249)	$ (360)	$ 83	$ (127)	$ (328)	$ (653)	$ 107,239

Note 12 - Discontinued Operat_5

Note 12 - Discontinued Operations - Restructuring Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Current Period Charges	$ 1,570
Consolidation of Nelco Products, Inc. and Neltec, Inc. [Member]
Accrued, Beginning Balance	432
Current Period Charges	427
Cash Payments	(851)
Non-Cash Charges
Accrued, Ending Balance	8	432
Total Costs Accrued to Date	5,939
Total Expected Costs	5,939
Consolidation of Nelco Products, Inc. and Neltec, Inc. [Member] | Facility Lease Costs [Member]
Accrued, Beginning Balance	432
Current Period Charges	151
Cash Payments	(580)
Non-Cash Charges
Accrued, Ending Balance	3	432
Total Costs Accrued to Date	3,080
Total Expected Costs	3,080
Consolidation of Nelco Products, Inc. and Neltec, Inc. [Member] | Employee Severance [Member]
Accrued, Beginning Balance
Current Period Charges
Cash Payments
Non-Cash Charges
Accrued, Ending Balance
Total Costs Accrued to Date	1,081
Total Expected Costs	1,081
Consolidation of Nelco Products, Inc. and Neltec, Inc. [Member] | Equipment Removal [Member]
Accrued, Beginning Balance
Current Period Charges	229
Cash Payments	(224)
Non-Cash Charges
Accrued, Ending Balance	5
Total Costs Accrued to Date	815
Total Expected Costs	815
Consolidation of Nelco Products, Inc. and Neltec, Inc. [Member] | Other Restructuring [Member]
Accrued, Beginning Balance
Current Period Charges	47
Cash Payments	(47)
Non-Cash Charges
Accrued, Ending Balance
Total Costs Accrued to Date	963
Total Expected Costs	$ 963

Note 13 - Geographic Regions -

Note 13 - Geographic Regions - Financial Information by Geographic Region (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Net sales	$ 46,276	$ 60,014	$ 51,116
Long-lived assets	31,171	26,592	20,918
North America [Member]
Net sales	43,874	56,264	47,505
Long-lived assets	31,170	24,942	19,372
Asia [Member]
Net sales	625	1,378	1,070
Long-lived assets	1	1,650	1,546
Europe [Member]
Net sales	1,777	2,372	2,541
Long-lived assets

Note 14 - Customer and Suppli_2

Note 14 - Customer and Supplier Concentrations (Details Textual) - Customer Concentration Risk [Member] - Revenue Benchmark [Member]	12 Months Ended
	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
General Electric [Member]
Concentration Risk, Percentage	27.90%	48.20%	42.80%
Aerospace [Member]
Concentration Risk, Percentage	20.70%

Selected Quarterly Financial _3

Selected Quarterly Financial Data (Unaudited) - Quarterly Data (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 28, 2021	Nov. 29, 2020	Aug. 30, 2020	May 31, 2020	Mar. 01, 2020	Dec. 01, 2019	Sep. 01, 2019	Jun. 02, 2019	Feb. 28, 2021	Mar. 01, 2020	Mar. 03, 2019
Net sales	$ 14,441	$ 10,372	$ 9,250	$ 12,213	$ 15,494	$ 15,847	$ 13,723	$ 14,950
Gross profit	4,326	2,553	2,638	3,674	5,034	5,022	3,813	4,804	$ 13,191	$ 18,673	$ 16,184
Net earnings from continuing operations	1,032	1,037	1,151	1,972	2,633	2,806	2,052	2,714	5,192	10,205	6,306
Net (loss) earnings - discontinued operations		(116)	(197)	(15)	(249)	(360)	83	(127)	(328)	(653)	107,239
Net earnings	$ 1,032	$ 921	$ 954	$ 1,957	$ 2,384	$ 2,446	$ 2,135	$ 2,587	$ 4,864	$ 9,552	$ 113,545
Continuing operations (in dollars per share)	$ 0.05	$ 0.05	$ 0.06	$ 0.10	$ 0.13	$ 0.14	$ 0.10	$ 0.13	$ 0.25	$ 0.50	$ 0.31
Discontinued operations (in dollars per share)			(0.01)		(0.01)	(0.02)			(0.01)	(0.03)	5.29
Basic earnings per share (in dollars per share)	0.05	0.05	0.05	0.10	0.12	0.12	0.10	0.13	0.24	0.47	5.60
Continuing operations (in dollars per share)	0.05	0.05	0.06	0.10	0.13	0.14	0.10	0.13	0.25	0.50	0.31
Discontinued operations (in dollars per share)			(0.01)		(0.01)	(0.02)			(0.01)	(0.03)	5.26
Diluted earnings per share (in dollars per share)	$ 0.05	$ 0.05	$ 0.05	$ 0.10	$ 0.12	$ 0.12	$ 0.10	$ 0.13	$ 0.24	$ 0.47	$ 5.57
Basic (in shares)	20,382	20,381	20,381	20,402	20,519	20,518	20,499	20,492	20,387	20,507	20,288
Diluted weighted average shares (in shares)	20,587	20,434	20,433	20,460	20,578	20,617	20,601	20,586	20,478	20,595	20,385

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($)	12 Months Ended
	Feb. 28, 2021		Mar. 01, 2020		Mar. 03, 2019
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance	$ 3,175,000		$ 2,755,000		$ 2,981,000
Costs and expenses	412,000		420,000
Other
Reductions					(226,000)
Balance	3,587,000		3,175,000		2,755,000
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance	73,000		32,000		32,000
Costs and expenses	16,000		41,000
Balance	89,000		73,000		32,000
Accounts written off		[1]		[1]
Translation adjustment
[1]	Uncollectible amounts, net of recoveries