Park Aerospace (PKE) 10-Q10 Jan 242023 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Nov. 26, 2023	Jan. 02, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 26, 2023
Document Transition Report	false
Entity File Number	1-4415
Entity Registrant Name	PARK AEROSPACE CORP.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	11-1734643
Entity Address, Address Line One	1400 Old Country Road
Entity Address, City or Town	Westbury
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11590
City Area Code	631
Local Phone Number	465-3600
Title of 12(b) Security	Common Stock, par value $.10 per share
Trading Symbol	PKE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		20,253,361
Entity Central Index Key	0000076267
Current Fiscal Year End Date	--02-26
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Nov. 26, 2023	Feb. 26, 2023
Current assets
Cash and cash equivalents	$ 4,173	$ 4,237
Marketable securities (Note 3)	69,816	101,203
Accounts receivable, less allowance for doubtful accounts of $132 and $120, respectively	9,897	9,989
Inventories (Note 4)	7,421	6,768
Prepaid expenses and other current assets	2,463	2,844
Total current assets	93,770	125,041
Property, plant and equipment, net	23,747	24,251
Operating right-of-use assets (Note 5)	109	150
Goodwill and other intangible assets	9,783	9,783
Other assets	98	108
Total assets	127,507	159,333
Current liabilities
Accounts payable	1,110	4,545
Operating lease liability (Note 5)	53	53
Accrued liabilities	1,587	1,346
Dividend Payable	0	20,471
Income taxes payable	3,679	2,171
Total current liabilities	6,429	28,586
Long-term operating lease liability (Note 5)	94	129
Non-current income taxes payable (Note 9)	5,259	10,938
Deferred income taxes (Note 9)	1,897	1,995
Other liabilities	1,843	1,751
Total liabilities	15,522	43,399
Commitments and contingencies (Note 11)
Shareholders' equity (Note 8)
Common stock	2,096	2,096
Additional paid-in capital	170,352	169,932
Accumulated deficit	(45,513)	(42,694)
Accumulated other comprehensive loss	(2,928)	(4,244)
Stockholders' Equity, Including Treasury Stock	124,007	125,090
Less treasury stock, at cost	12,022	9,156
Total shareholders' equity	111,985	115,934
Total liabilities and shareholders' equity	$ 127,507	$ 159,333

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Nov. 26, 2023	Feb. 26, 2023
Accounts receivable, allowance for doubtful accounts	$ 132	$ 120

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Net earnings	$ 11,639	$ 13,867	$ 39,671	$ 40,525
Cost of sales	8,470	9,423	27,590	27,903
Gross profit	3,169	4,444	12,081	12,622
Selling, general and administrative expenses	1,804	1,523	6,272	4,888
Earnings from operations	1,365	2,921	5,809	7,734
Interest and other income	261	299	724	653
Earnings from operations before income taxes	1,626	3,220	6,533	8,387
Income tax provision (Note 9)	423	990	1,730	2,362
Less: reclassification adjustment for losses included in net earnings	$ 1,203	$ 2,230	$ 4,803	$ 6,025
Basic:
Basic earnings per share (in dollars per share)	$ 0.06	$ 0.11	$ 0.24	$ 0.29
Basic weighted average shares (in shares)	20,250	20,471	20,323	20,463
Diluted:
Diluted earnings per share (in dollars per share)	$ 0.06	$ 0.11	$ 0.24	$ 0.29
Diluted weighted average shares (in shares)	20,355	20,510	20,406	20,506
Losses on Marketable Securities [Member]
Less: reclassification adjustment for losses included in net earnings	$ 1,203	$ 2,230	$ 4,803	$ 6,025

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Net earnings	$ 1,203	$ 2,230	$ 4,803	$ 6,025
Other comprehensive (loss) earnings, net of tax:
Other comprehensive earnings (loss)	490	(718)	1,315	(2,318)
Total comprehensive earnings	1,693	1,512	6,118	3,707
Gains on Marketable Securities [Member]
Other comprehensive (loss) earnings, net of tax:
Unrealized holding gains arising during the period	484	30	1,186	63
Less: reclassification adjustment for gains included in net earnings	0	0	0	(7)
Losses on Marketable Securities [Member]
Net earnings	1,203	2,230	4,803	6,025
Other comprehensive (loss) earnings, net of tax:
Unrealized holding gains arising during the period	(2)	(773)	(110)	(2,407)
Less: reclassification adjustment for gains included in net earnings	$ 8	$ 25	$ 239	$ 33

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock, Common [Member]	Total
Balance, August 27, 2023 (in shares)	20,965,144				506,934
Balance, August 27, 2023	$ 2,096	$ 169,665	$ (24,767)	$ (1,965)	$ (9,397)
Balance (in shares) at Feb. 27, 2022	20,965,144				506,934
Balance at Feb. 27, 2022	$ 2,096	169,665	(24,767)	(1,965)	$ (9,397)
Net earnings	0	0	1,910	0	0
Net earnings	0	0	1,910	0	0
Unrealized gain (loss) on marketable securities, net of tax	0	0	0	(933)	0
Stock-based compensation	0	85	0	0	0
Cash dividends	0	0	(2,046)	0	0
Cash dividends ($0.125 per share)	$ 0	0	2,046	0	$ 0
Balance (in shares) at Feb. 27, 2022	20,965,144				506,934
Balance at Feb. 27, 2022	$ 2,096	169,665	(24,767)	(1,965)	$ (9,397)
Net earnings						$ 6,025
Net earnings						6,025
Balance, August 27, 2023 (in shares)	20,965,144				506,934
Balance, August 27, 2023	$ 2,096	169,750	(24,903)	(2,898)	$ (9,397)
Balance (in shares) at May. 29, 2022	20,965,144				506,934
Balance at May. 29, 2022	$ 2,096	169,750	(24,903)	(2,898)	$ (9,397)
Net earnings	0	0	1,885	0	0
Net earnings	0	0	1,885	0	0
Unrealized gain (loss) on marketable securities, net of tax	0	0	0	(667)	0
Stock-based compensation	0	94	0	0	0
Cash dividends	0	0	(2,046)	0	0
Cash dividends ($0.125 per share)	$ 0	0	2,046	0	$ 0
Stock options exercised (in shares)	0				(13,000)
Stock options exercised	$ 0	(102)	0	0	$ 241
Balance, August 27, 2023 (in shares)	20,965,144				493,934
Balance, August 27, 2023	$ 2,096	169,742	(25,064)	(3,565)	$ (9,156)
Balance (in shares) at Aug. 28, 2022	20,965,144				493,934
Balance at Aug. 28, 2022	$ 2,096	169,742	(25,064)	(3,565)	$ (9,156)
Net earnings	0	0	2,230	0	0	2,230
Net earnings	0	0	2,230	0	0	2,230
Unrealized gain (loss) on marketable securities, net of tax	0	0	0	(718)	0
Stock-based compensation	0	95	0	0	0
Cash dividends	0	0	(2,047)	0	0
Cash dividends ($0.125 per share)	$ 0	0	2,047	0	$ 0
Balance, August 27, 2023 (in shares)	20,965,144				493,934
Balance, August 27, 2023	$ 2,096	169,837	(24,881)	(4,283)	$ (9,156)
Balance, August 27, 2023 (in shares)	20,965,144				493,934
Balance, August 27, 2023	$ 2,096	169,932	(42,694)	(4,244)	$ (9,156)	115,934
Balance (in shares) at Feb. 26, 2023	20,965,144				493,934
Balance at Feb. 26, 2023	$ 2,096	169,932	(42,694)	(4,244)	$ (9,156)	115,934
Net earnings	0	0	1,854	0
Net earnings	0	0	1,854	0
Unrealized gain (loss) on marketable securities, net of tax	0	0	0	716	0
Stock-based compensation	$ 0	218	0	0	$ 0
Purchase of treasury stock (in shares)	0				129,654
Purchase of treasury stock	$ 0	0	0	0	$ (1,669)
Cash dividends	0	0	(2,559)	0	0
Repurchase of treasury shares	0	0	0	0	1,669
Cash dividends ($0.125 per share)	$ 0	0	2,559	0	$ 0
Balance (in shares) at Feb. 26, 2023	20,965,144				493,934
Balance at Feb. 26, 2023	$ 2,096	169,932	(42,694)	(4,244)	$ (9,156)	115,934
Net earnings						4,803
Net earnings						$ 4,803
Stock options exercised (in shares)						875
Balance, August 27, 2023 (in shares)	20,965,144				623,588
Balance, August 27, 2023	$ 2,096	170,150	(43,399)	(3,528)	$ (10,825)
Balance (in shares) at May. 28, 2023	20,965,144				623,588
Balance at May. 28, 2023	$ 2,096	170,150	(43,399)	(3,528)	$ (10,825)
Net earnings	0	0	1,746	0	0
Net earnings	0	0	1,746	0	0
Unrealized gain (loss) on marketable securities, net of tax	0	0	0	110	0
Stock-based compensation	0	104	0	0	$ 0
Purchase of treasury stock (in shares)					91,445
Purchase of treasury stock	0	0	0	0	$ (1,211)
Cash dividends	0	0	(2,531)	0	0
Repurchase of treasury shares	0	0	0	0	1,211
Cash dividends ($0.125 per share)	$ 0	0	2,531	0	$ 0
Balance, August 27, 2023 (in shares)	20,965,144				715,033
Balance, August 27, 2023	$ 2,096	170,254	(44,184)	(3,418)	$ (12,036)
Balance (in shares) at Aug. 27, 2023	20,965,144				715,033
Balance at Aug. 27, 2023	$ 2,096	170,254	(44,184)	(3,418)	$ (12,036)
Net earnings	0	0	1,203	0	0	$ 1,203
Net earnings	0	0	1,203	0	0	1,203
Unrealized gain (loss) on marketable securities, net of tax	0	0	0	490	0
Stock-based compensation	0	103	0	0	0
Cash dividends	0	0	(2,532)	0	0
Cash dividends ($0.125 per share)	$ 0	0	2,532	0	$ 0
Stock options exercised (in shares)	0				(875)
Stock options exercised	$ 0	(5)	0	0	$ 14
Balance, August 27, 2023 (in shares)	20,965,144				714,158
Balance, August 27, 2023	$ 2,096	$ 170,352	$ (45,513)	$ (2,928)	$ (12,022)	$ 111,985

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Nov. 26, 2023	Aug. 27, 2023	May 28, 2023	Nov. 27, 2022	Aug. 28, 2022	May 29, 2022
Retained Earnings [Member]
Cash dividends, per share (in dollars per share)	$ 0.125	$ 0.125	$ 0.125	$ 0.1	$ 0.1	$ 0.1

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Nov. 26, 2023	Nov. 27, 2022
Cash flows from operating activities:
Net earnings	$ 4,803	$ 6,025
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization	984	826
Stock-based compensation	425	274
(Recovery of) provision for doubtful accounts	12	0
Deferred income taxes	(97)	265
Amortization of bond premium	255	125
Loss (gain) on sale of marketable securities	184	0
Changes in operating assets and liabilities	(7,452)	(5,381)
Net cash used in operating activities	(886)	2,134
Cash flows from investing activities:
Purchases of property, plant and equipment	(481)	(749)
Purchases of marketable securities	(6,702)	(39,785)
Proceeds from sales and maturities of marketable securities	38,966	36,199
Net cash (used in) provided by investing activities	31,783	(4,335)
Cash flows from financing activities:
Dividends paid	(28,093)	(6,139)
Proceeds from exercise of stock options	12	139
Purchase of treasury stock	(2,880)	0
Net cash used in financing activities	(30,961)	(6,000)
Increase (decrease) in cash and cash equivalents:	(64)	(8,201)
Cash and cash equivalents, beginning of period	4,237	12,811
Cash and cash equivalents, end of period	4,173	4,610
Supplemental cash flow information:
Cash paid during the period for income taxes, net of refunds	$ 5,898	$ 3,178

Note 1 - Condensed Consolidated

Note 1 - Condensed Consolidated Financial Statements	9 Months Ended
Note 1 - Condensed Consolidated Financial Statements	Nov. 26, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The Condensed Consolidated Balance Sheet and the Consolidated Statements of Shareholders’ Equity as of November 26, 2023, the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Earnings for the 13 weeks and 39 weeks ended November 26, 2023 and November 27, 2022, and the Condensed Consolidated Statements of Cash Flows for the 39 weeks then ended have been prepared by Park Aerospace Corp. (the “Company”), without audit. In the opinion of management, these unaudited condensed consolidated financial statements contain all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position at November 26, 2023 and the results of operations and cash flows for all periods presented. The Consolidated Statements of Operations are not necessarily indicative of the results to be expected for the full fiscal year or any subsequent interim period. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 26, 2023. There have been no significant changes to such accounting policies during the 39 weeks ended November 26, 2023.

Note 2 - Fair Value Measurement

Note 2 - Fair Value Measurements	9 Months Ended
Note 2 - Fair Value Measurements	Nov. 26, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	2. FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability ( i.e Fair value measurements are broken down into three levels based on the reliability of inputs as follows: Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices that are observable for the asset or liability ( e.g. Level 3 inputs are unobservable inputs for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The fair value of the Company’s cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their carrying value due to their short-term nature. Certain assets and liabilities of the Company are required to be recorded at fair value on either a recurring or non-recurring basis. On a recurring basis, the Company records its marketable securities at fair value using Level 1 or Level 2 inputs (see Note 3). The Company’s non-financial assets measured at fair value on a non-recurring basis include goodwill and any long-lived assets written down to fair value. To measure fair value of such assets, the Company uses Level 3 inputs consisting of techniques including an income approach and a market approach. The income approach is based on a discounted cash flow analysis and calculates the fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting the after-tax cash flows to a present value using a risk-adjusted discount rate. Assumptions used in the discounted cash flow analysis require the exercise of significant judgment, including judgment about appropriate discount rates, terminal values, growth rates and the amount and timing of expected future cash flows. With respect to goodwill, the Company first assesses qualitative factors to determine whether it is more likely than not that fair value is less than carrying value. If, based on that assessment, the Company believes it is more likely than not that fair value is less than carrying value, a goodwill impairment test is performed. There have been no changes in events or circumstances which required impairment charges to be recorded during the 13 weeks and 39 weeks ended November 26, 2023.

Note 3 - Marketable Securities

Note 3 - Marketable Securities	9 Months Ended
Note 3 - Marketable Securities	Nov. 26, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	3. MARKETABLE SECURITIES All marketable securities are classified as available-for-sale and are carried at fair value, with the unrealized gains and losses, net of tax, included in comprehensive earnings. Realized gains and losses, amortization of premiums and discounts, and interest and dividend income are included in interest and other income in the Condensed Consolidated Statements of Operations. The costs of securities sold are based on the specific identification method. The following is a summary of available-for-sale securities: November 26, 2023 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 66,434 $ 66,434 $ - $ - U.S. corporate debt securities 3,382 3,382 - - Total marketable securities $ 69,816 $ 69,816 $ - $ - February 26, 2023 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 83,859 $ 83,859 $ - $ - U.S. corporate debt securities 17,344 17,344 - - Total marketable securities $ 101,203 $ 101,203 $ - $ - The following table shows the amortized cost basis of, and gross unrealized gains and losses on, the Company’s available-for-sale securities: Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses November 26, 2023: U.S. Treasury and other government securities $ 70,442 $ - $ 4,008 U.S. corporate debt securities 3,385 - 3 Total marketable securities $ 73,827 $ - $ 4,011 February 26, 2023: U.S. Treasury and other government securities $ 89,603 $ - $ 5,744 U.S. corporate debt securities 17,414 - 70 Total marketable securities $ 107,017 $ - $ 5,814 The estimated fair values of such securities at November 26, 2023 by contractual maturity are shown below: Due in one year or less $ 18,105 Due after one year through five years 51,711 $ 69,816

Note 4 - Inventories

Note 4 - Inventories	9 Months Ended
Note 4 - Inventories	Nov. 26, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	4. INVENTORIES Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value. The Company writes down its inventory for estimated obsolescence or unmarketability based upon the age of the inventory and assumptions about future demand for the Company’s products and market conditions. Work-in-process and finished goods inventories cost valuations include direct material costs as well as a portion of the Company’s overhead expenses. The Company’s overhead expenses that are applied to its finished goods inventories are based on actual expenses related to the procurement, storage, shipment and production of the finished goods. Inventories consisted of the following: November 26, February 26, 2023 2023 Inventories: Raw materials $ 5,574 $ 5,376 Work-in-process 410 536 Finished goods 1,437 856 $ 7,421 $ 6,768

Note 5 - Leases

Note 5 - Leases	9 Months Ended
Note 5 - Leases	Nov. 26, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	5. LEASES 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 term 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 incremental borrowing rate represents the Company’s ability to borrow on a collateralized basis over a term similar to the lease term. The leases typically contain renewal options for periods ranging from one ten Future minimum lease payments under non-cancellable operating leases as of November 26, 2023 are as follows: Fiscal Year: 2024 $ 13 2025 36 2026 - 2027 - 2028 - Thereafter 162 Total undiscounted operating lease payments 211 Less imputed interest (64 ) Present value of operating lease payments $ 147 The above payment schedule includes renewal options that the Company is reasonably likely to exercise. Leases with an initial term of 12 months or less are not recorded on the Company’s condensed consolidated balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the terms of the leases. For the 13 weeks and 39 weeks ended November 26, 2023, the Company’s operating lease expenses were $15 and $46, respectively. For the 13 weeks and 39 weeks ended November 27, 2022, the Company’s operating lease expenses were $15 and $46, respectively. Cash payments of $40, pertaining to operating leases, are reflected in the cash flow statement under cash flows from operating activities. The following table sets forth the right-of-use assets and operating lease liabilities as of November 26, 2023: Operating right-of-use assets $ 109 Operating lease liabilities $ 53 Long-term operating lease liabilities 94 Total operating lease liabilities $ 147 The Company’s weighted average remaining lease term for its operating leases is 8.7 years. In December 2018, the Company entered into a Development Agreement with the City of Newton (“City”), Kansas and the Board of County Commissioners of Harvey County (“County”), Kansas. Pursuant to this agreement, the Company agreed to construct and operate a redundant manufacturing facility of approximately 90,000 square feet for the design, development and manufacture of advanced composite materials and parts, structures and assemblies for aerospace. The Company further agreed to equip the facility through the purchase of machinery, equipment and furnishings and to create additional new full-time employment of specified levels during a five-year period. In exchange for these agreements, the City and the County agreed to lease to the Company three eight

Note 6 - Stock-based Compensati

Note 6 - Stock-based Compensation	9 Months Ended
Note 6 - Stock-based Compensation	Nov. 26, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	6. STOCK-BASED COMPENSATION As of November 26, 2023, the Company had a 2018 Stock Option Plan (the “2018 Plan”) and no other stock-based compensation plan. The 2018 Plan was adopted by the Board of Directors of the Company on May 8, 2018 and approved by the shareholders of the Company at the Annual Meeting of Shareholders of the Company on July 24, 2018 and provides for the grant of options to purchase up to 800,000 shares of common stock of the Company. Prior to the 2018 Plan, the Company had the 2002 Stock Option Plan (the “2002 Plan”) which had been approved by the Company’s shareholders and provided for the grant of stock options to directors and key employees of the Company. All options granted under the 2018 Plan and 2002 Plan have exercise prices equal to the fair market value of the underlying common stock of the Company at the time of grant which, pursuant to the terms of such Plans, is the reported closing price of the common stock on the New York Stock Exchange on the date preceding the date the option is granted. Options granted under the Plans become exercisable 25% one During the 39 weeks ended November 26, 2023, the Company granted options under the 2018 Plan to purchase a total of 133,300 shares of common stock to its directors and certain of its employees. The future compensation expense to be recognized in earnings before income taxes is $387 and will be recorded on a straight-line basis over the requisite service period. The weighted average fair value of the granted options was $3.01 per share using the Black-Scholes option pricing model with the following assumptions: risk-free interest rate of 3.61%-3.85%; expected volatility factor of 28.5%-29.6%; expected dividend yield of 3.82%; and estimated option term of 4.9-8.3 years. The risk-free interest rates were based on U.S. Treasury rates at the date of grant with maturity dates approximately equal to the estimated terms of the options at the date of the grant. Volatility factors were based on historical volatility of the Company’s common stock. The expected dividend yields were 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 13 weeks and 39 weeks ended November 26, 2023. The estimated term of the options was based on evaluations of the historical and expected future employee exercise behavior. During the 2024 fiscal year, the Company recorded non-cash charges of $109 related to the modification of previously granted employee stock options resulting from the $1.00 per share special cash dividend paid by the Company in April 2023. The following is a summary of option activity for the 39 weeks ended November 26, 2023: Outstanding Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Balance, February 26, 2023 670,425 $ 11.80 $ 2,219 Granted 133,300 13.08 Exercised (875 ) 11.77 Terminated or expired (4,750 ) 12.11 Balance, November 26, 2023 798,100 $ 12.01 5.77 $ 2,474 Vested and exercisable, November 26, 2023 480,306 $ 11.81 3.98 $ 1,585

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	9 Months Ended
Note 7 - Earnings Per Share	Nov. 26, 2023
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 potentially dilutive securities outstanding during the period. Stock options are the only potentially dilutive securities; and the number of dilutive options is computed using the treasury stock method. The following table sets forth the calculation of basic and diluted earnings per share: 13 Weeks Ended 39 Weeks Ended November 26, November 27, 2022 November 26, November 27, 2022 Net earnings $ 1,203 $ 2,230 $ 4,803 $ 6,025 Weighted average common shares outstanding for basic EPS 20,250 20,471 20,323 20,463 Net effect of dilutive options 105 39 83 43 Weighted average shares outstanding for diluted EPS 20,355 20,510 20,406 20,506 Basic earnings per share $ 0.06 $ 0.11 $ 0.24 $ 0.29 Diluted earnings per share $ 0.06 $ 0.11 $ 0.24 $ 0.29 Potentially dilutive securities, which were not included in the computation of diluted earnings per share, because either the effect would have been anti-dilutive or the options’ exercise prices were greater than the average market price of the common stock, were 72,000 and 595,000 for the 13 weeks ended November 26, 2023 and November 27, 2022, respectively, and 126,000 and 498,000 for the 39 weeks ended November 26, 2023 and November 27, 2022, respectively.

Note 8 - Shareholders' Equity

Note 8 - Shareholders' Equity	9 Months Ended
Note 8 - Shareholders' Equity	Nov. 26, 2023
Notes to Financial Statements
Equity [Text Block]	8. SHAREHOLDERS EQUITY On May 23, 2022, the Company announced that its Board of Directors authorized the Company’s purchase, on the open market and in privately negotiated transactions, of up to 1,500,000 additional shares of its common stock. This authorization supersedes any unused prior Board of Directors’ authorizations to purchase shares of the Company’s common stock. The Company purchased 221,099 and 0 shares of its common stock during the 39 weeks ended November 26, 2023 and November 27, 2022, respectively. As a result, the Company is authorized to purchase up to a total of 1,278,901 shares of its common stock, representing approximately 6.3% of the Company’s 20,253,361 total outstanding shares as of the close of business on January 2, 2024. There is no assurance the Company will purchase any shares pursuant to this Board of Directors’ authorization. Shares purchased by the Company, if any, will be retained as treasury stock and will be available for use under the Company’s stock option plan and for other corporate purposes.

Note 9 - Income Taxes

Note 9 - Income Taxes	9 Months Ended
Note 9 - Income Taxes	Nov. 26, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	9. INCOME TAXES For the 13 weeks and 39 weeks ended November 26, 2023, the Company recorded income tax provisions from operations of $423 and $1,730, respectively, which included discrete income tax provisions of $25 and $78, respectively. For the 13 weeks and 39 weeks ended November 27, 2022, the Company recorded income tax provisions from operations of $990 and $2,362, respectively, which included discrete income tax provisions of $58 and $133, respectively. The Company’s effective tax rates for the 13 weeks and 39 weeks ended November 26, 2023 were income tax provisions of 26.0% and 26.5%, respectively, compared to income tax provisions of 30.7% and 28.2% in the comparable prior periods. The effective tax rates for the 13 weeks and 39 weeks ended November 26, 2023 were higher than the U.S. statutory rate of 21% primarily due to state and local taxes and a discrete income tax provision for the accrual of interest related to unrecognized tax benefits. The effective rates for the 13 weeks and 39 weeks ended November 27, 2022 were higher than the U.S. statutory rate of 21% primarily due to state and local taxes and discrete income tax provisions for the accrual of interest related to unrecognized tax benefits. Notwithstanding the U.S. taxation of the deemed repatriated earnings as a result of the mandatory one-time transition tax on the accumulated untaxed earnings of foreign subsidiaries of U.S. shareholders included in the 2017 Tax Cuts and Jobs Act, the Company intends to indefinitely invest approximately $25 million of undistributed earnings outside of the U.S. If these future earnings are repatriated to the U.S., or if the Company determines such earnings will be remitted in the foreseeable future, the Company may be required to accrue U.S. deferred taxes on such earnings.

Note 10 - Geographic Regions

Note 10 - Geographic Regions	9 Months Ended
Note 10 - Geographic Regions	Nov. 26, 2023
Notes to Financial Statements
Geographic Regions [Text Block]	10. GEOGRAPHIC REGIONS The Company’s products are sold to customers in North America, Asia and Europe. The Company’s manufacturing facility is located in Kansas. Sales are attributed to geographic regions based upon the region in which the materials were delivered to the customer. All of the Company’s long-lived assets are located in North America. Financial information regarding the Company’s continuing operations by geographic region is as follows: 13 Weeks Ended 39 Weeks Ended November 26, November 27, 2022 November 26, November 27, 2022 Sales: North America $ 10,255 $ 12,072 $ 35,212 $ 36,960 Asia 567 363 1,109 640 Europe 817 1,432 3,350 2,925 Total sales $ 11,639 $ 13,867 $ 39,671 $ 40,525

Note 11 - Contingencies

Note 11 - Contingencies	9 Months Ended
Note 11 - Contingencies	Nov. 26, 2023
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 change in the future due to new developments in each matter or changes in approach, such as a change in settlement strategy in dealing with these matters. The Company believes that the ultimate disposition of such proceedings, lawsuits and claims will not have a material adverse effect on the liquidity, capital resources, business, consolidated results of operations or financial position of the Company. Environmental Contingencies The Company and certain of its subsidiaries have been named by the Environmental Protection Agency (the “EPA”) or a comparable state agency under the Comprehensive Environmental Response, Compensation and Liability Act (the “Superfund Act”) or similar state law as potentially responsible parties in connection with alleged releases of hazardous substances at three sites. Under the Superfund Act and similar state laws, all parties who may have contributed any waste to a hazardous waste disposal site or contaminated area identified by the EPA or comparable state agency may be jointly and severally liable for the cost of cleanup. Generally, these sites are locations at which numerous persons disposed of hazardous waste. In the case of the Company’s subsidiaries, generally the waste was removed from their manufacturing facilities and disposed at waste sites by various companies which contracted with the subsidiaries to provide waste disposal services. Neither the Company nor any of its subsidiaries have been accused of or charged with any wrongdoing or illegal acts in connection with any such sites. The Company believes it maintains an effective and comprehensive environmental compliance program. The insurance carriers which provided general liability insurance coverage to the Company and its subsidiaries for the years during which the Company’s subsidiaries’ waste was disposed at these three sites have in the past reimbursed the Company and its subsidiaries for 100% of their legal defense and remediation costs associated with two The Company does not two three Included in selling, general and administrative expenses are charges for actual expenditures and accruals, based on estimates, for certain environmental matters described above. The Company accrues estimated costs associated with known environmental matters when such costs can be reasonably estimated and when the outcome appears probable. The Company believes that the ultimate disposition of known environmental matters will not have a material adverse effect on the Company’s results of operations, cash flows or financial position.

Note 3 - Marketable Securities

Note 3 - Marketable Securities (Tables)	9 Months Ended
Note 3 - Marketable Securities (Tables)	Nov. 26, 2023
Notes Tables
Debt Securities, Available-for-Sale [Table Text Block]	November 26, 2023 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 66,434 $ 66,434 $ - $ - U.S. corporate debt securities 3,382 3,382 - - Total marketable securities $ 69,816 $ 69,816 $ - $ - February 26, 2023 Total Level 1 Level 2 Level 3 U.S. Treasury and other government securities $ 83,859 $ 83,859 $ - $ - U.S. corporate debt securities 17,344 17,344 - - Total marketable securities $ 101,203 $ 101,203 $ - $ -
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]	Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses November 26, 2023: U.S. Treasury and other government securities $ 70,442 $ - $ 4,008 U.S. corporate debt securities 3,385 - 3 Total marketable securities $ 73,827 $ - $ 4,011 February 26, 2023: U.S. Treasury and other government securities $ 89,603 $ - $ 5,744 U.S. corporate debt securities 17,414 - 70 Total marketable securities $ 107,017 $ - $ 5,814
Investments Classified by Contractual Maturity Date [Table Text Block]	Due in one year or less $ 18,105 Due after one year through five years 51,711 $ 69,816

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	9 Months Ended
Note 4 - Inventories (Tables)	Nov. 26, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	November 26, February 26, 2023 2023 Inventories: Raw materials $ 5,574 $ 5,376 Work-in-process 410 536 Finished goods 1,437 856 $ 7,421 $ 6,768

Note 5 - Leases (Tables)

Note 5 - Leases (Tables)	9 Months Ended
Note 5 - Leases (Tables)	Nov. 26, 2023
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Fiscal Year: 2024 $ 13 2025 36 2026 - 2027 - 2028 - Thereafter 162 Total undiscounted operating lease payments 211 Less imputed interest (64 ) Present value of operating lease payments $ 147
Schedule of Right-of-use Assets and Operating Lease Liabilities [Table Text Block]	Operating right-of-use assets $ 109 Operating lease liabilities $ 53 Long-term operating lease liabilities 94 Total operating lease liabilities $ 147

Note 6 - Stock-based Compensa_2

Note 6 - Stock-based Compensation (Tables)	9 Months Ended
Note 6 - Stock-based Compensation (Tables)	Nov. 26, 2023
Notes Tables
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 26, 2023 670,425 $ 11.80 $ 2,219 Granted 133,300 13.08 Exercised (875 ) 11.77 Terminated or expired (4,750 ) 12.11 Balance, November 26, 2023 798,100 $ 12.01 5.77 $ 2,474 Vested and exercisable, November 26, 2023 480,306 $ 11.81 3.98 $ 1,585

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	9 Months Ended
Note 7 - Earnings Per Share (Tables)	Nov. 26, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	13 Weeks Ended 39 Weeks Ended November 26, November 27, 2022 November 26, November 27, 2022 Net earnings $ 1,203 $ 2,230 $ 4,803 $ 6,025 Weighted average common shares outstanding for basic EPS 20,250 20,471 20,323 20,463 Net effect of dilutive options 105 39 83 43 Weighted average shares outstanding for diluted EPS 20,355 20,510 20,406 20,506 Basic earnings per share $ 0.06 $ 0.11 $ 0.24 $ 0.29 Diluted earnings per share $ 0.06 $ 0.11 $ 0.24 $ 0.29

Note 10 - Geographic Regions (T

Note 10 - Geographic Regions (Tables)	9 Months Ended
Note 10 - Geographic Regions (Tables)	Nov. 26, 2023
Notes Tables
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	13 Weeks Ended 39 Weeks Ended November 26, November 27, 2022 November 26, November 27, 2022 Sales: North America $ 10,255 $ 12,072 $ 35,212 $ 36,960 Asia 567 363 1,109 640 Europe 817 1,432 3,350 2,925 Total sales $ 11,639 $ 13,867 $ 39,671 $ 40,525

Note 3 - Marketable Securitie_2

Note 3 - Marketable Securities - Summary of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Nov. 26, 2023	Feb. 26, 2023
Available-for-sale securities	$ 69,816	$ 101,203
Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities	69,816	101,203
Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	0	0
Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities	0	0
US Treasury and Government [Member]
Available-for-sale securities	66,434	83,859
US Treasury and Government [Member] \| Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities	66,434	83,859
US Treasury and Government [Member] \| Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	0	0
US Treasury and Government [Member] \| Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities	0	0
Debt Security, Corporate, US [Member]
Available-for-sale securities	3,382	17,344
Debt Security, Corporate, US [Member] \| Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities	3,382	17,344
Debt Security, Corporate, US [Member] \| Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	0	0
Debt Security, Corporate, US [Member] \| Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities	$ 0	$ 0

Note 3 - Marketable Securitie_3

Note 3 - Marketable Securities - Summary of Unrealized Gains and Losses on Available-for-sale Securities (Details) - USD ($) $ in Thousands	Nov. 26, 2023	Feb. 26, 2023
Amortized cost basis	$ 73,827	$ 107,017
Gross unrealized gains	0	0
Gross unrealized losses	4,011	5,814
US Treasury and Government [Member]
Amortized cost basis	70,442	89,603
Gross unrealized gains	0	0
Gross unrealized losses	4,008	5,744
Debt Security, Corporate, US [Member]
Amortized cost basis	3,385	17,414
Gross unrealized gains	0	0
Gross unrealized losses	$ 3	$ 70

Note 3 - Marketable Securitie_4

Note 3 - Marketable Securities - Estimated Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Nov. 26, 2023	Feb. 26, 2023
Due in one year or less	$ 18,105
Due after one year through five years	51,711
Debt Securities, Available-for-Sale	$ 69,816	$ 101,203

Note 4 - Inventories - Summary

Note 4 - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Nov. 26, 2023	Feb. 26, 2023
Raw materials	$ 5,574	$ 5,376
Work-in-process	410	536
Finished goods	1,437	856
Inventory, Net	$ 7,421	$ 6,768

Note 5 - Leases (Details Textua

Note 5 - Leases (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
Note 5 - Leases (Details Textual) $ in Thousands	Dec. 31, 2018 USD ($) a ft²	Nov. 26, 2023 USD ($)	Nov. 27, 2022 USD ($)	Nov. 26, 2023 USD ($)	Nov. 27, 2022 USD ($)	May 28, 2023
Operating Lease, Expense		$ 15	$ 15	$ 46	$ 46
Operating Lease, Payments				$ 40
Operating Lease, Weighted Average Remaining Lease Term (Year)		8 years 8 months 12 days		8 years 8 months 12 days
Additional Lease Agreement with City and County for Land at Newton, Kansas Airport [Member]
Area of Land \| a	3
Lease Agreement with City and County for Land at Newton, Kansas Airport [Member]
Area of Land \| a	8
Additional Manufacturing Facility [Member]
Area of Land \| ft²	90,000
Construction in Progress Estimated Cost	$ 19,800
Purchase Obligation		$ 26		$ 26
Minimum [Member]
Lessee, Operating Lease, Renewal Term (Year)						1 year
Maximum [Member]
Lessee, Operating Lease, Renewal Term (Year)						10 years

Note 5 - Leases - Future Minimu

Note 5 - Leases - Future Minimum Lease Payments (Details) $ in Thousands	Nov. 26, 2023 USD ($)
Present value of operating lease payments	$ 147
Leases with Renewal Options [Member]
2024	13
2025	36
2026	0
2027	0
2028	0
Thereafter	162
Total undiscounted operating lease payments	211
Less imputed interest	(64)
Present value of operating lease payments	$ 147

Note 5 - Leases - Schedule of R

Note 5 - Leases - Schedule of Right-of-use Assets and Operating Lease Liabilties (Details) - USD ($) $ in Thousands	Nov. 26, 2023	Feb. 26, 2023
Operating right-of-use assets	$ 109	$ 150
Operating lease liabilities	53	53
Long-term operating lease liabilities	94	$ 129
Total operating lease liabilities	$ 147

Note 6 - Stock-based Compensa_3

Note 6 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 24, 2018	Apr. 30, 2023	May 28, 2023	Nov. 26, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross				133,300
Share-Based Payment Arrangement, Plan Modification, Incremental Cost			$ 109
Special Dividend [Member]
Common Stock, Dividends, Per Share, Cash Paid		$ 1
The 2018 Stock Option Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized	800,000
Percentage of Stock Options, Exercisable One Year From Date of Grant	25%
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%
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
The 2018 Stock Option Plan [Member] \| Directors and Certain of Employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross				133,300
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount				$ 387
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 3.01
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate				3.82%
The 2018 Stock Option Plan [Member] \| Directors and Certain of Employees [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate				3.61%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate				28.50%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term				4 years 10 months 24 days
The 2018 Stock Option Plan [Member] \| Directors and Certain of Employees [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate				3.85%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate				29.60%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term				8 years 3 months 18 days

Note 6 - Stock-based Compensa_4

Note 6 - Stock-based Compensation - Option Activity (Details) $ / shares in Units, $ in Millions	9 Months Ended
	Nov. 26, 2023 USD ($) $ / shares shares	Feb. 26, 2023 USD ($)
Outstanding options (in shares) \| shares	670,425
Balance, weighted average exercise price (in dollars per share) \| $ / shares	$ 11.8
Outstanding aggregate intrinsic value \| $	$ 2,474	$ 2,219
Outstanding options, granted (in shares) \| shares	133,300
Granted, weighted average exercise price (in dollars per share) \| $ / shares	$ 13.08
Outstanding options, exercised (in shares) \| shares	(875)
Exercised, weighted average exercise price (in dollars per share) \| $ / shares	$ 11.77
Outstanding options, terminated or expired (in shares) \| shares	(4,750)
Terminated or expired, weighted average exercise price (in dollars per share) \| $ / shares	$ 12.11
Outstanding options (in shares) \| shares	798,100
Balance, weighted average exercise price (in dollars per share) \| $ / shares	$ 12.01
Balance, weighted average remaining contractual term (Year)	5 years 9 months 7 days
Outstanding aggregate intrinsic value \| $	$ 2,474
Vested and exercisable (in shares) \| shares	480,306
Vested and exercisable, weighted average exercise price (in dollars per share) \| $ / shares	$ 11.81
Vested and exercisable, weighted average remaining contractual term (Year)	3 years 11 months 23 days
Vested and exercisable, aggregate intrinsic value \| $	$ 1,585

Note 7 - Earnings Per Share (De

Note 7 - Earnings Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
Note 7 - Earnings Per Share (Details Textual) - shares	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	72,000	595,000	126,000	498,000

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		9 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Net earnings	$ 1,203	$ 2,230	$ 4,803	$ 6,025
Weighted average common shares outstanding for basic EPS (in shares)	20,250	20,471	20,323	20,463
Net effect of dilutive options (in shares)	105	39	83	43
Weighted average shares outstanding for diluted EPS (in shares)	20,355	20,510	20,406	20,506
Basic earnings per share (in dollars per share)	$ 0.06	$ 0.11	$ 0.24	$ 0.29
Diluted earnings per share (in dollars per share)	$ 0.06	$ 0.11	$ 0.24	$ 0.29

Note 8 - Shareholders' Equity (

Note 8 - Shareholders' Equity (Details Textual) - shares	9 Months Ended
Note 8 - Shareholders' Equity (Details Textual) - shares	Nov. 26, 2023	Nov. 27, 2022	Feb. 22, 2024	Feb. 02, 2024	May 23, 2022
Stock Repurchase Program, Number of Shares Authorized to be Repurchased					1,500,000
Stock Repurchased During Period, Shares	221,099	0
Subsequent Event [Member]
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased				1,278,901
Stock Repurchase Program, Percentage of Outstanding Shares Authorized to be Repurchased			6.30%
Common Stock, Shares, Outstanding				20,253,361

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Income Tax Expense (Benefit)	$ 423	$ 990	$ 1,730	$ 2,362
Income Tax Expense (Benefit), Discrete Amount	$ 25	$ 58	$ 78	$ 133
Effective Income Tax Rate Reconciliation, Percent	26%	30.70%	26.50%	28.20%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%
Undistributed Earnings, Basic, Total			$ 25,000

Note 10 - Geographic Regions -

Note 10 - Geographic Regions - Financial Information by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Sales	$ 11,639	$ 13,867	$ 39,671	$ 40,525
North America [Member]
Sales	10,255	12,072	35,212	36,960
Asia [Member]
Sales	567	363	1,109	640
Europe [Member]
Sales	$ 817	$ 1,432	$ 3,350	$ 2,925

Note 11 - Contingencies (Detail

Note 11 - Contingencies (Details Textual) $ in Thousands	9 Months Ended
Note 11 - Contingencies (Details Textual) $ in Thousands	Nov. 26, 2023 USD ($)
Percentage of Legal Defense and Remediation Costs Associated with Sites Reimbursed by Insurance Carriers	100%
Number of Units Covered Under General Liability Insurance Coverage	2
Accrual for Environmental Loss Contingencies	$ 0
Number of Insurance Carriers	3