XML 30 R20.htm IDEA: XBRL DOCUMENT

Note 12 - Discontinued Operations

9 Months Ended

Nov. 28, 2021

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

12. DISCONTINUED OPERATIONS

On July 25, 2018, the Company entered into a definitive agreement to sell its Electronics Business for $145,000 in cash. The Company completed this transaction on December 4, 2018.

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.

The following table shows the summary operating results of the discontinued operations:

		13 Weeks Ended (Unaudited)								39 Weeks Ended (Unaudited)

		*November 28,*				*November 29,*				*November 28,*				*November 29,*
		*2021*				*2020*				*2021*				*2020*

Net sales		$	-			$	-			$	-			$	-
Cost of sales			-				-				-				-
Gross profit			-				-				-				-
Selling, general and administrative expenses			-				8				-				8
Restructuring charges			-				143				-				427
Loss from discontinued operations			-				(151	)			-				(435	)
Other income			-				-				-				-
Loss from discontinued operations before income taxes			-				(151	)			-				(435	)
Income tax benefit			-				(35	)			-				(107	)
Net loss from discontinued operations		$	-			$	(116	)		$	-			$	(328	)