Financial Instruments (Tables)

12 Months Ended

Feb. 25, 2023

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


(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
February 25, 2023	$	10,647	$	—	$	702	$	9,945




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 our municipal and corporate bonds at February 25, 2023, 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. Gross realized gains and losses were insignificant for all periods presented.


(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	2,205	$	2,173
Due after one year through five years	8,442		7,772



Total	$	10,647	$	9,945

Schedule of financial assets and liabilities measured at fair value on a recurring basis

Financial assets and liabilities measured at fair value on a recurring basis were:


(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
February 25, 2023
Assets:
Money market funds	$	8,062	$	—	$	8,062

Municipal and corporate bonds	—		9,945		9,945
Cash surrender value of life insurance	—		8,282		8,282


Interest rate swap contract	—		1,817		1,817
Liabilities:
Deferred compensation	—		9,515		9,515
Foreign currency forward/option contract	—		206		206
Aluminum hedging contract	—		1,075		1,075

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