XML 29 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Share-Based Compensation (Tables)
 3 Months Ended
May 26, 2017
Performance Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Valuation Assumptions for Performance Unit Awards
The weighted average grant date fair values were determined using the following assumptions:
 
2018 Awards
2017 Awards
2016 Awards
Three-year risk-free interest rate (1)
1.4
%
0.9
%
0.8
%
Expected term
3 years

3 years

3 years

Estimated volatility (2)
31.8
%
31.2
%
29.4
%
_______________________________________
(1)
Based on the U.S. government bond benchmark on the grant date.
(2)
Represents the historical price volatility of the Company’s common stock for the three-year period preceding the grant date.
Schedule of Compensation Costs by Plan for Share-based Payment Arrangements
The total PSU expense and associated tax benefit for all outstanding awards for the three months ended May 26, 2017 and May 27, 2016 are as follows:
 
Three Months Ended
Performance Units
May 26,
2017
May 27,
2016
Expense
$
1.6

 
$
2.2

 
Tax benefit
0.6

 
0.8

 
Schedule of Performance Unit Awards Activity
The PSU activity for the three months ended May 26, 2017 is as follows:
Maximum Number of Shares That May Be Issued Under Nonvested Units
Total
Weighted-Average
Grant Date
Fair Value per Unit
Nonvested as of February 24, 2017
916,420

$
19.31

Granted
306,400

21.76

Nonvested as of May 26, 2017
1,222,820

$
19.93
Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Compensation Costs by Plan for Share-based Payment Arrangements
The RSU expense and associated tax benefit for all outstanding awards for the three months ended May 26, 2017 and May 27, 2016 are as follows:
 
Three Months Ended
Restricted Stock Units
May 26,
2017
May 27,
2016
Expense
$
6.5

 
$
6.7

 
Tax benefit
2.4

 
2.4

 
Schedule of Restricted Stock Unit Awards Activity
The RSU activity for the three months ended May 26, 2017 is as follows:
Nonvested Units
Total
Weighted-Average
Grant Date
Fair Value
per Unit
Nonvested as of February 24, 2017
1,731,507

$
16.38

Granted
647,148

16.74

Vested
(12,638
)
16.33

Forfeited
(6,673
)
16.65

Nonvested as of May 26, 2017
2,359,344

$
16.48