Income Taxes (Tables)

12 Months Ended

Feb. 29, 2020

Income Tax Disclosure [Abstract]

Schedule Of Income Tax Provision

Income Tax Provision

	Years Ended February 29 or 28
(In thousands)	2020			2019			2018
Current:
Federal	$	225,858		$	218,497		$	276,597
State	47,797			49,596			41,892
Total	273,655			268,093			318,489
Deferred:
Federal	146			3,601			81,486
State	(1,248		)	(1,301		)	(479		)
Total	(1,102		)	2,300			81,007
Income tax provision	$	272,553		$	270,393		$	399,496

Schedule Of Effective Income Tax Rate Reconciliation

Effective Income Tax Rate Reconciliation

	Years Ended February 29 or 28
	2020		2019		2018
Federal statutory income tax rate	21.0	%	21.0	%	32.7	%
State and local income taxes, net of federal benefit	3.4		3.4		3.1
2017 Tax Act	—		(0.1	)	3.1
Share-based compensation	(1.1	)	(0.3	)	(1.3	)
Nondeductible and other items	0.7		0.7		0.2
Credits	(0.5	)	(0.4	)	(0.2	)
Effective income tax rate	23.5	%	24.3	%	37.6	%

Schedule Of Temporary Differences Resulting In Deferred Tax Assets And Liabilities

Temporary Differences Resulting in Deferred Tax Assets and Liabilities

	As of February 29 or 28
(In thousands)	2020			2019
Deferred tax assets:
Accrued expenses and other	$	39,576		$	42,331
Partnership basis	89,359			71,455
Operating lease liabilities	119,558			—
Share-based compensation	51,039			48,818
Derivatives	10,346			—
Capital loss carry forward	917			677
Total deferred tax assets	310,795			163,281
Less:  valuation allowance	(917		)	(677		)
Total deferred tax assets after valuation allowance	309,878			162,604
Deferred tax liabilities:
Prepaid expenses	19,742			16,960
Property and equipment	67,589			59,537
Operating lease assets	114,212			—
Inventory	18,493			17,279
Profit-sharing revenues	—			6,599
Derivatives	—			883
Total deferred tax liabilities	220,036			101,258
Net deferred tax asset	$	89,842		$	61,346

Schedule Of Reconciliation Of Unrecognized Tax Benefits

Reconciliation of Unrecognized Tax Benefits

	Years Ended February 29 or 28
(In thousands)	2020			2019			2018
Balance at beginning of year	$	30,270		$	28,685		$	29,955
Increases for tax positions of prior years	3,493			2,035			—
Decreases for tax positions of prior years	(2,913		)	(266		)	(607		)
Increases based on tax positions related to the current year	4,170			2,498			3,342
Settlements	(326		)	(44		)	(304		)
Lapse of statute	(3,829		)	(2,638		)	(3,701		)
Balance at end of year	$	30,865		$	30,270		$	28,685