Financial Instruments (Tables)

6 Months Ended

Aug. 27, 2022

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 27, 2022	$	11,344	$	3	$	565	$	10,782
February 26, 2022	11,862		45		123		11,784

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 27, 2022, 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	$	1,430	$	1,419
Due after one year through five years	9,578		9,069
Due after five years through 10 years	336		294
Total	$	11,344	$	10,782

Fair value measurements

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
August 27, 2022
Assets:
Money market funds	$	15,034	$	—	$	15,034
Municipal and corporate bonds	—		10,782		10,782
Cash surrender value of life insurance	—		16,625		16,625
Interest rate swap contract	—		1,584		1,584
Liabilities:
Deferred compensation	—		10,299		10,299
Foreign currency forward/option contract	—		82		82
Aluminum hedging contract	—		3,515		3,515
February 26, 2022
Assets:
Money market funds	$	19,288	$	—	$	19,288
Municipal and corporate bonds	—		11,784		11,784
Cash surrender value of life insurance	—		17,831		17,831
Aluminum hedging contract	—		2,133		2,133
Interest rate swap contract	—		718		718
Liabilities:
Deferred compensation	—		12,491		12,491
Foreign currency forward/option contract	—		161		161