Pension Plan and Other Employee Benefits (Tables)

12 Months Ended

Feb. 28, 2018

Compensation And Retirement Disclosure [Abstract]

Company's Pension Plan Asset Allocation, by Asset Category

The Company’s pension plan asset allocation, by asset category, is as follows for the fiscal years ended:

	2018			2017
Equity securities		57	%		56	%
Debt securities		42	%		38	%
Cash and cash equivalents		1	%		6	%
Total		100	%		100	%

Company's Target Asset Allocation Percentage, by Asset Class

The Company’s target asset allocation percentage, by asset class, for the year ended February 28, 2018 is as follows:

Asset Class	Target Allocation Percentage
Cash	1 - 5%
Fixed Income	35 - 55%
Equity	45 - 60%

Plan's Fair Value Hierarchy for Assets Measured at Fair Value

The following tables present the Plan’s fair value hierarchy for those assets measured at fair value as of February 28, 2018 and February 28, 2017 (in thousands):

	Assets
	Measured at
	Fair Value		Fair Value Measurements
Description	at 2/28/18		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	893	$	893	$	—	$	—
Government bonds		14,005		—		14,005		—
Corporate bonds		9,609		—		9,609		—
Domestic equities		25,558		25,558		—		—
Foreign equities		6,819		6,819		—		—
	$	56,884	$	33,270	$	23,614	$	—

	Assets
	Measured at
	Fair Value		Fair Value Measurements
Description	at 2/28/17		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	3,105	$	3,105	$	—	$	—
Government bonds		11,861		—		11,861		—
Corporate bonds		8,037		—		8,037		—
Domestic equities		24,777		24,777		—		—
Foreign equities		5,032		5,032		—		—
	$	52,812	$	32,914	$	19,898	$	—

Summary of Pension Expense Composed of Components Included in Cost of Goods Sold and Selling, General and Administrative Expenses

Pension expense is composed of the following components included in cost of goods sold and selling, general and administrative expenses in the Company’s consolidated statements of operations for fiscal years ended (in thousands):

	2018			2017			2016
Components of net periodic benefit cost
Service cost	$	1,083		$	1,166		$	1,301
Interest cost		2,270			2,372			2,369
Expected return on plan assets		(3,794	)		(3,665	)		(3,928	)
Amortization of:
Prior service cost		—			—			(86	)
Unrecognized net loss		2,041			2,683			2,551
Net periodic benefit cost		1,600			2,556			2,207
Other changes in Plan Assets and Projected    Benefit Obligation
Recognized in Other comprehensive Income
Net actuarial loss (gain)		(669	)		(723	)		2,102
Amortization of net actuarial loss		(2,041	)		(2,683	)		(2,551	)
Amortization of prior service credit		—			—			86
		(2,710	)		(3,406	)		(363	)
Total recognized in net periodic pension cost and    other comprehensive income	$	(1,110	)	$	(850	)	$	1,844

Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Pension Cost

The following table represents the assumptions used to determine benefit obligations and net periodic pension cost for fiscal years ended:

	2018			2017			2016
Weighted average discount rate (net periodic    pension cost)		4.10	%		4.30	%		4.00	%
Earnings progression (net periodic pension cost)		3.00	%		3.00	%		3.00	%
Expected long-term rate of return on plan assets    (net periodic pension cost)		7.50	%		7.50	%		8.00	%
Weighted average discount rate (benefit    obligations)		4.05	%		4.10	%		4.30	%
Earnings progression (benefit obligations)		3.00	%		3.00	%		3.00	%

Schedule of Accumulated Benefit Obligation, Change in Projected Benefit Obligation, Change in Plan Assets, Funded Status, and Reconciliation to Amounts Recognized in Consolidated Balance Sheets

The accumulated benefit obligation (“ABO”), change in projected benefit obligation (“PBO”), change in plan assets, funded status, and reconciliation to amounts recognized in the consolidated balance sheets are as follows (in thousands):

	2018			2017
Change in benefit obligation
Projected benefit obligation at beginning of year	$	57,658		$	56,243
Service cost		1,083			1,166
Interest cost		2,270			2,372
Actuarial loss		978			2,479
Other assumption change		(423	)		(730	)
Benefits paid		(3,947	)		(3,872	)
Projected benefit obligation at end of year	$	57,619		$	57,658
Change in plan assets:
Fair value of plan assets at beginning of year	$	52,812		$	47,547
Company contributions		3,000			3,000
Gain on plan assets		5,019			6,137
Benefits paid		(3,947	)		(3,872	)
Fair value of plan assets at end of year	$	56,884		$	52,812
Unfunded status	$	(735	)	$	(4,846	)
Accumulated benefit obligation at end of year	$	53,244		$	53,590

Schedule of Estimated Future Benefit Payments which Reflect Expected Future Service

Estimated future benefit payments which reflect expected future service, as appropriate, are expected to be paid in the fiscal years ended (in thousands):

Year	Projected Payments
2019	$	4,200
2020		4,200
2021		4,300
2022		4,200
2023		4,100
2024 - 2028		19,000