Inventories
 3 Months Ended
May 27, 2016
Inventory Disclosure [Abstract]  
Inventories

Note 9 – Inventories

 

(In thousands)    May 27, 2016      February 29, 2016      May 29, 2015  

Raw materials

    $ 14,742       $ 13,516       $ 18,271   

Work in process

      9,852         8,116         11,310   

Finished products

      282,592         277,480         294,217   
  

 

 

     

 

 

     

 

 

  
     307,186         299,112         323,798   

Less LIFO reserve

      80,752         80,159         81,314   
  

 

 

     

 

 

     

 

 

  
     226,434         218,953         242,484   

Display materials and factory supplies

      8,491         8,503         8,638   
  

 

 

     

 

 

     

 

 

  
   $ 234,925       $ 227,456       $ 251,122   
  

 

 

     

 

 

     

 

 

  

The valuation of inventory under the Last-In, First-Out (“LIFO”) method is made at the end of each fiscal year based on inventory levels and costs at that time. Accordingly, interim LIFO calculations, by necessity, are based on estimates of expected fiscal year-end inventory levels and costs, and are subject to final fiscal year-end LIFO inventory calculations.

Inventory held on location for retailers with scan-based trading arrangements, which is included in finished products, totaled $68.4 million, $63.5 million and $67.9 million as of May 27, 2016, February 29, 2016 and May 29, 2015, respectively.