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Share-Based Compensation (Tables)
12 Months Ended
Mar. 02, 2024
Share-Based Payment Arrangement [Abstract]  
Share-based compensation expense
We recorded share-based compensation expense, in which we account for any forfeitures as they occur, as follows:
(In thousands)202420232022
Restricted stock awards and restricted stock unit awards$6,753 $5,607 $5,345 
Performance stock unit awards2,714 2,389 501 
Stock options254 660 447 
Share-based compensation expense
9,721 8,656 6,293 
Award transactions on stock options
Stock option and SAR activity for the current fiscal year is summarized below:
 Number of
Shares
Weighted
Average
Exercise  Price
Weighted Average Remaining Contractual LifeAggregate
Intrinsic Value at Year-End
Outstanding at February 25, 2023158,000 $23.04 
Awards exercised(86,458)23.04 
Awards canceled(71,542)23.04 
Outstanding at March 2, 2024
— $— 0.0 years$— 
Nonvested share award transactions The following table summarizes nonvested restricted stock awards and restricted stock units activity for fiscal 2024: 
 Number of Shares and UnitsWeighted Average Grant Date Fair Value
February 25, 2023375,080 $35.89 
Granted
199,138 43.38 
Vested(166,957)32.54 
Canceled
(22,800)42.82 
March 2, 2024384,461 $40.28 
Performance shares activity
The following table summarizes nonvested performance share units granted and outstanding for which all plans are at maximum achievement of 200% of target:
Number of Shares and UnitsWeighted Average Grant Date Fair Value
February 25, 202379,699 $40.83 
Granted
48,483 43.61 
Canceled
(13,078)41.80 
March 2, 2024115,104 $41.89