Financial Instruments (Tables)

9 Months Ended

Nov. 26, 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
November 26, 2022	$	10,835	$	—	$	675	$	10,160
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 November 26, 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	$	1,739	$	1,720
Due after one year through five years	9,096		8,440
Total	$	10,835	$	10,160

Fair value measurements

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
November 26, 2022
Assets:
Money market funds	$	6,629	$	—	$	6,629
Municipal and corporate bonds	—		10,160		10,160
Cash surrender value of life insurance	—		16,247		16,247
Interest rate swap contract	—		1,917		1,917
Liabilities:
Deferred compensation	—		9,277		9,277
Foreign currency forward/option contract	—		192		192
Aluminum hedging contract	—		2,382		2,382
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