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Share-Based Compensation (Tables)
3 Months Ended
May 27, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Share Based Payment Award Performance Units Valuation Assumptions The Monte Carlo simulation was computed using the following assumptions:
FY23 AwardFY22 AwardFY21 Award
Tranche 1Tranche 2Tranche 1Tranche 3Tranche 2Tranche 1
Risk-free interest rate (1)2.6 %2.3 %0.3 %1.6 %0.2 %0.2 %
Expected term3 years2 years3 years1 year2 years2 years
Estimated volatility (2)52.2 %43.8 %53.5 %28.7 %61.3 %58.1 %
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(1)Based on the U.S. Government bond benchmark on the grant date.
(2)Represents the historical price volatility of our Class A 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 recorded during the three months ended May 27, 2022 and May 28, 2021 are as follows:
 Three Months Ended
Performance UnitsMay 27,
2022
May 28,
2021
Expense $4.1 $5.2 
Tax benefit 1.0 1.3 
The total RSU expense and associated tax benefit for the three months ended May 27, 2022 and May 28, 2021 are as follows:
 Three Months Ended
Restricted Stock UnitsMay 27,
2022
May 28,
2021
Expense$7.9 $7.7 
Tax benefit2.0 1.9 
Share-based Payment Arrangement, Performance Shares, Activity
The PSU activity for the three months ended May 27, 2022 is as follows:
Maximum Number of Shares of Nonvested UnitsTotalWeighted-Average
Grant Date
Fair Value
per Unit
Nonvested as of February 25, 20221,205,833 $14.21 
Granted1,125,192 11.13 
Nonvested as of May 27, 20222,331,025 $12.72 
As of May 27, 2022, there was $1.5 of remaining unrecognized compensation cost related to nonvested PSUs, which is expected to be recognized over a remaining weighted-average period of 2.2 years.
Schedule of Restricted Stock Unit Awards Activity
The RSU activity for the three months ended May 27, 2022 is as follows:
Nonvested UnitsTotalWeighted-Average
Grant Date
Fair Value
per Unit
Nonvested as of February 25, 20223,445,438 $11.86 
Granted1,008,424 11.21 
Vested(10,500)14.27 
Forfeited(10,200)14.37 
Nonvested as of May 27, 20224,433,162 $11.70