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Note 2 - Restatement of Previously Reported Consolidated Financial Statements | 3 Months Ended
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Aug. 26, 2012
Accounting Changes and Error Corrections [Text Block] | 2. Restatement of Previously Reported Consolidated Financial Statements The Company is restating its previously reported financial statements for the quarter ended August 26, 2012 to correct the previously reported balance of its investment in Windsest and related other income to properly reflect the fair value of the investment under the guidance of ASC 820, Fair Value Measurement. As reported in our critical accounting policies in our Annual Report on Form 10-K,we have elected to report our investment in Windset at fair value under ASC 820. The fair value of the Company’s investment in Windset is determined utilizing a discounted cash flow model based on projections developed by Windset, and considers the related put and call feature. This feature impacts the duration of the cash flows utilized to derive the estimated fair value of the investment. Assumptions included in the discounted cash flow model are evaluated quarterly based on Windset’s actual and projected operating results to determine the change in fair value. While updating the valuation of the Windset investment for the second quarter ended November 25, 2012, the Company became aware of an error in the net present value calculation for determining the fair value of its Windset investment in the first quarter ended August 26, 2012. This error resulted in an understatement of the recorded value of the Windset investment and related investment income by $2.9 million, and, after the related income tax effect, an understatement of net income by $1.8 million for the quarter ended August 26, 2012. The following table details the impact of the restatement on the Company’s Consolidated Statements of Income and Consolidated Balance Sheets for and as of the quarter ended August 26, 2012 (in thousands).
Consolidated Statements of Income |  | As Reported |  |  | Adjustment |  |  | As Restated |
Operating income |  | $ | 3,003 |  |  | $ | — |  |  | $ | 3,003 |
Dividend income |  |  | 281 |  |  |  | — |  |  |  | 281 |
Interest income |  |  | 26 |  |  |  | — |  |  |  | 26 |
Interest expense |  |  | (541 | ) |  |  | — |  |  |  | (541 | )
Other income |  |  | 1,359 |  |  |  | 2,900 |  |  |  | 4,259 |
Net income before taxes |  |  | 4,128 |  |  |  | 2,900 |  |  |  | 7,028 |
Income tax expense |  |  | (1,492 | ) |  |  | (1,073 | ) |  |  | (2,565 | )
Consolidated net income |  |  | 2,636 |  |  |  | 1,827 |  |  |  | 4,463 |
Non controlling interest |  |  | (97 | ) |  |  | — |  |  |  | (97 | )
Net income applicable to Common Stockholders |  | $ | 2,539 |  |  | $ | 1,827 |  |  | $ | 4,366 |
Basic net income per share |  | $ | 0.10 |  |  | $ | 0.07 |  |  | $ | 0.17 |
Diluted net income per share |  | $ | 0.10 |  |  | $ | 0.07 |  |  | $ | 0.17 |
Consolidated Balance Sheets |  | As Reported |  |  | Adjustment |  |  | As Restated |
Investment in non-public company, fair value |  | $ | 22,896 |  |  | $ | 2,900 |  |  | $ | 25,796 |
Total Assets |  | $ | 267,960 |  |  | $ | 2,900 |  |  | $ | 270,860 |
Deferred taxes – noncurrent |  | $ | 18,906 |  |  | $ | 1,073 |  |  | $ | 19,979 |
Retained earnings |  | $ | 32,361 |  |  | $ | 1,827 |  |  | $ | 34,188 |
Total Stockholders’ Equity |  | $ | 153,287 |  |  | $ | 1,827 |  |  | $ | 155,114 |
Total Equity |  | $ | 155,200 |  |  | $ | 1,827 |  |  | $ | 157,027 |
Total Liabilities and Stockholders’ Equity |  | $ | 267,960 |  |  | $ | 2,900 |  |  | $ | 270,860 |
There was no impact to cash flow from investing or financing activities. For the cash flow from operating activities, net income increased $1.8 million, deferred taxes increased $1.1 million and the change in the line item “investment in non-public company, fair value” decreased $2.9 million, resulting in no net change to cash flow from operations.

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- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 1.N.Q3) -URI http://asc.fasb.org/extlink&oid=6369664&loc=d3e30840-122693 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22644-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 1 -Section N Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 45 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=6368906&loc=d3e21914-107793 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22595-107794 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 154 -Paragraph 17, 22, 25, 26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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