Fair Value Measurements (Tables)

6 Months Ended

Aug. 27, 2016

Financial assets and liabilities measured at fair value



(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
August 27, 2016
Cash equivalents
Money market funds	$	8,655	$	—	$	8,655
Commercial paper	—		20,098		20,098
Total cash equivalents	8,655		20,098		28,753
Short-term securities
Mutual funds	30,235		—		30,235
Municipal bonds	—		430		430
Total short-term securities	30,235		430		30,665
Long-term securities
Municipal bonds	—		12,679		12,679
Total assets at fair value	$	38,890	$	33,207	$	72,097
February 27, 2016
Cash equivalents
Money market funds	$	23,199	$	—	$	23,199
Commercial paper	—		29,774		29,774
Total cash equivalents	23,199		29,774		52,973
Short-term securities
Mutual funds	30,123		—		30,123
Municipal bonds	—		50		50
Total short-term securities	30,123		50		30,173
Long-term securities
Municipal bonds	—		12,519		12,519
Total assets at fair value	$	53,322	$	42,343	$	95,665

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details