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Company Owned Life Insurance (Tables)
9 Months Ended
Nov. 22, 2013
Company-Owned Life Insurance [Abstract]  
Company-owned life insurance investments
The balances of our COLI investments as of November 22, 2013 and February 22, 2013 were as follows: 
Type
Ability to Choose
Investments
Net Return
Target Asset Allocation as of November 22, 2013
Net Cash Surrender Value
November 22,
2013
February 22,
2013
Whole life COLI policies
No ability
A rate of return set periodically by the
insurance companies
Not applicable
$
112.7

 
$
109.6

 
Variable life COLI policies
Can allocate across a set of choices provided by the insurance companies
Fluctuates depending on performance of underlying investments
50% fixed income; 50% equity
39.4

 
116.2

 
 
 
 
 
$
152.1

 
$
225.8

 
Company-owned life insurance investment income (loss)
Following is a summary of the allocation of COLI income for the nine months ended November 22, 2013 and November 23, 2012:
COLI Income
Whole Life
Policies
Variable Life
Policies
Total
Nine months ended November 22, 2013
 
 
 
 
 
 
Cost of sales
$
0.6

 
$

 
$
0.6

 
Operating expenses
2.5

 

 
2.5

 
Operating income
3.1

 

 
3.1

 
Investment income (loss)

 
(1.8
)
 
(1.8
)
 
Income before income tax expense
$
3.1

 
$
(1.8
)
 
$
1.3

 
Nine months ended November 23, 2012
 
 
 
 
 
 
Cost of sales
$
0.8

 
$

 
$
0.8

 
Operating expenses
3.2

 

 
3.2

 
Operating income
4.0

 

 
4.0

 
Investment income

 
3.0

 
3.0

 
Income before income tax expense
$
4.0

 
$
3.0

 
$
7.0