Share-Based Compensation

6 Months Ended

Aug. 29, 2020

Share-based Payment Arrangement [Abstract]

Total share-based compensation expense included in the results of operations was $3.7 million for the six-month period ended August 29, 2020 and $3.2 million for the six-month period ended August 31, 2019.

Stock options and SARs

Stock option and SAR activity for the current six-month period is summarized as follows:


Stock options and SARs	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding at February 29, 2020	100,341	$	8.34
Awards granted	660,600	23.04


Outstanding at August 29, 2020	760,941	$	21.10	8.7 years	$	1,339,552
Vested or expected to vest at August 29, 2020	760,941	$	21.10	8.7 years	$	1,339,552
Exercisable at August 29, 2020	100,341	$	8.34	1.0 year	$	1,339,552

No awards were issued or exercised during the six-months ended August 29, 2020 and August 31, 2019, respectively.

Nonvested shares and share units

Nonvested share activity for the current six-month period is summarized as follows:


Nonvested shares and units	Number of Shares and Units	Weighted Average Grant Date Fair Value
Nonvested at February 29, 2020	309,259	$	40.58
Granted	330,196	20.47
Vested	(125,370)	41.45
Canceled	(1,559)	33.67
Nonvested at August 29, 2020	512,526	$	27.43

At August 29, 2020, there was $5.2 million of total unrecognized compensation cost related to nonvested share and nonvested share unit awards, which is expected to be recognized over a weighted average period of approximately 27 months. The total fair value of shares vested during the six months ended August 29, 2020 was $2.8 million.