Financial Instruments (Tables)

6 Months Ended

Aug. 29, 2020

Marketable Securities [Abstract]

Amortized cost, gross unrealized gains and losses, and estimated fair values of investments available for sale

e hold the following available-for-sale marketable securities, made up of municipal and corporate bonds: 

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
August 29, 2020	$	12,497	$	462	$	1	$	12,958
February 29, 2020	11,692		275		—		11,967

Schedule of amortized cost and estimated fair values of investments by contractual maturity

The amortized cost and estimated fair values of these bonds at August 29, 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without penalty.

(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	1,122	$	1,132
Due after one year through five years	7,221		7,497
Due after five years through 10 years	3,354		3,509
Due beyond 15 years	800		820
Total	$	12,497	$	12,958

Fair value measurements

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
August 29, 2020
Assets:
Money market funds	$	2,178	$	—	$	2,178
Commercial paper	—		1,000		1,000
Municipal and corporate bonds	—		12,958		12,958
Cash surrender value of life insurance	—		17,125		17,125
Foreign currency forward/option contract	—		920		920
Liabilities:
Deferred compensation	—		15,155		15,155
Interest rate swap contract	—		883		883
February 29, 2020
Assets:
Money market funds	$	2,689	$	—	$	2,689
Commercial paper	—		1,500		1,500
Municipal and corporate bonds	—		11,967		11,967
Cash surrender value of life insurance	—		16,560		16,560
Liabilities:
Deferred compensation	—		14,042		14,042
Foreign currency forward/option contract	—		340		340
Interest rate swap contract	—		561		561