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Employee Benefit Plans (Tables)
 12 Months Ended
Mar. 03, 2018
Compensation and Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The following tables present reconciliations of the benefit obligation of the defined-benefit pension plans and the funded status of the defined-benefit pension plans. The Tubelite plan uses a measurement date as of the calendar month-end closest to our fiscal year-end, while the SERP uses a measurement date aligned with our fiscal year-end.
(In thousands)
2018
 
2017
Change in projected benefit obligation
 
 
 
Benefit obligation beginning of period
$
14,492

 
$
14,900

Interest cost
531

 
555

Actuarial (gain) loss
(175
)
 
54

Benefits paid
(1,014
)
 
(1,017
)
Benefit obligation at measurement date
13,834

 
14,492

Change in plan assets
 
 
 
Fair value of plan assets beginning of period
$
4,185

 
$
4,261

Actual return on plan assets
10

 
73

Company contributions
988

 
868

Benefits paid
(1,014
)
 
(1,017
)
Fair value of plan assets at measurement date
4,169

 
4,185

Underfunded status
$
(9,665
)
 
$
(10,307
)
Schedule of Amounts Recognized in Balance Sheet
The underfunded status of our plans was recognized in the consolidated balance sheets:
(In thousands)
2018
 
2017
Current liabilities
$
(668
)
 
$
(672
)
Other non-current liabilities
(8,997
)
 
(9,635
)
Total
$
(9,665
)
 
$
(10,307
)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized as Components of Net Periodic Benefit Cost
The following was included in accumulated other comprehensive loss and has not yet been recognized as a component of net periodic benefit cost:
(In thousands)
2018
 
2017
Net actuarial loss
$
5,325

 
$
5,696
Schedule of Amounts Recognized in Comprehensive Earnings
The amount recognized in comprehensive earnings, net of tax expense, was:
(In thousands)
2018
 
2017
Net actuarial gain
$
284

 
$
130
Schedule of Net Benefit Costs
Components of the defined-benefit pension plans' net periodic benefit cost:
(In thousands)
 
2018
 
2017
 
2016
Interest cost
 
$
531

 
$
555

 
$
566

Expected return on assets
 
(41
)
 
(41
)
 
(137
)
Amortization of unrecognized net loss
 
228

 
225

 
249

Net periodic benefit cost
 
$
718

 
$
739

 
$
678
Schedule of Assumptions Used
Benefit Obligation Weighted-Average Assumptions
2018
 
2017
 
2016
Discount rate
3.80
%
 
3.80
%
 
3.85
%
Net Periodic Benefit Expense Weighted-Average Assumptions
2018
 
2017
 
2016
Discount rate
3.80
%
 
3.85
%
 
3.60
%
Expected long-term rate of return on assets
2.00
%
 
2.00
%
 
2.00
%
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, are expected to be paid by the plans:
(In thousands)
2019
 
2020
 
2021
 
2022
 
2023
 
2024-2028
Estimated future benefit payments
$
1,048

 
$
1,021

 
$
1,004

 
$
975

 
$
945

 
$
4,387