Income Taxes (Tables)

12 Months Ended

Feb. 27, 2016

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Earnings before income taxes consisted of the following:

(In thousands)	2016			2015		2014
U.S.	$	100,859		$	59,898	$	36,700
International	(3,535		)	5,101		3,066
Earnings before income taxes	$	97,324		$	64,999	$	39,766

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) for each of the last three fiscal years are as follows:

(In thousands)	2016			2015			2014
Current:
Federal	$	35,888		$	7,328		$	15,711
State and local	2,866			1,198			1,440
International	(636		)	1,790			1,437
Total current	$	38,118		$	10,316		$	18,588
Deferred:
Federal	$	(5,403	)	$	4,738		$	(4,549	)
State and local	(512		)	(363		)	(378		)
International	(224		)	(101		)	(353		)
Total deferred	$	(6,139	)	$	4,274		$	(5,280	)
Total non-current tax benefit	$	3		$	(107	)	$	(1,528	)
Total income tax expense	$	31,982		$	14,483		$	11,780

Schedule of Effective Income Tax Rate Reconciliation

The following table provides a reconciliation of the statutory federal income tax rate to our consolidated effective tax rates:

	2016	2015	2014
Federal income tax expense at statutory rate	35.0%	35.0%	35.0%
Manufacturing deduction	(3.4)	(2.3)	(3.5)
State and local income taxes, net of federal tax benefit	1.6	1.2	0.9
Tax credits - research & development	(0.8)	(1.1)	(1.6)
Tax credits - 48C	—	(9.9)	—
Nondeductible acquisition costs	—	—	0.3
Tax reserve adjustments - statute expirations and benefits recognized	—	(0.2)	(2.2)
Change in valuation allowance	—	0.1	0.4
Other, net	0.5	(0.5)	0.3
Income tax expense	32.9%	22.3%	29.6%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and deferred tax liabilities at February 27, 2016 and February 28, 2015 are as follows:

	2016						2015
(In thousands)	Current			Noncurrent			Current			Noncurrent
Accounts receivable	$	825		$	—		$	1,022		$	—
Other accruals	2,968			1,281			2,872			1,212
Deferred compensation	554			12,594			419			11,250
Goodwill and other intangibles	18			(7,615		)	21			(7,994		)
Depreciation	—			(17,354		)	(853		)	(20,544		)
Liability for unrecognized tax benefits	—			2,797			—			2,784
Net operating losses	—			2,945			—			3,084
Valuation allowance on net operating losses	(2,194		)	(306		)	(2,149		)	(442		)
Other	(351		)	686			27			(2		)
Deferred tax assets (liabilities)	$	1,820		$	(4,972	)	$	1,359		$	(10,652	)

Schedule of Unrecognized Tax Benefits Roll Forward

The following table provides a reconciliation of the total amounts of gross unrecognized tax benefits:

(In thousands)	2016			2015			2014
Gross unrecognized tax benefits at beginning of year	$	4,491		$	4,431		$	5,516
Gross increases in tax positions for prior years	60			261			44
Gross decreases in tax positions for prior years	(158		)	(276		)	(616		)
Gross increases based on tax positions related to the current year	526			508			326
Gross decreases based on tax positions related to the current year	(33		)	(21		)	(40		)
Settlements	—			(93		)	(84		)
Statute of limitations expiration	(374		)	(319		)	(809		)
Unrecognized tax benefits acquired	—			—			94
Gross unrecognized tax benefits at end of year	$	4,512		$	4,491		$	4,431