Financial Instruments (Tables)

3 Months Ended

May 27, 2023

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
May 27, 2023	$	10,225	$	—	$	550	$	9,675
February 25, 2023	10,647		—		702		9,945

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

The amortized cost and estimated fair values of these bonds at May 27, 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.

(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	2,906	$	2,850
Due after one year through five years	7,319		6,825
Total	$	10,225	$	9,675

Fair value measurements

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
May 27, 2023
Assets:
Money market funds	$	11,901	$	—	$	11,901
Municipal and corporate bonds	—		9,675		9,675
Cash surrender value of life insurance	—		8,188		8,188
Interest rate swap contract	—		1,522		1,522
Liabilities:
Deferred compensation	—		10,204		10,204
Foreign currency forward/option contract	—		147		147
Aluminum hedging contract	—		881		881
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