Financial Instruments (Tables)

3 Months Ended

Jun. 01, 2024

Schedule of Available-for-Sale Marketable Securities

Through our wholly-owned insurance subsidiary, Prism Assurance, Ltd. (Prism), we hold the following available-for-sale marketable securities, made up of fixed-maturity investments:


(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
June 1, 2024	$	11,455	$	19	$	448	$	11,026
March 2, 2024	11,327		15		437		10,905

Schedule of Amortized Cost and Estimated Fair Values of Investments by Contractual Maturity

The amortized cost and estimated fair values of these investments at June 1, 2024, 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	$	3,625	$	3,608
Due after one year through five years	7,830		7,418



Total	$	11,455	$	11,026

Schedule of Fair Value Measurements


(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
June 1, 2024
Assets:
Money market funds	$	23,874	$	—	$	23,874

Municipal and corporate bonds	—		11,026		11,026


Interest rate swap contract	—		1,336		1,336
Aluminum hedging contract	—		386		386





March 2, 2024
Assets:
Money market funds	$	26,529	$	—	$	26,529

Municipal and corporate bonds	—		10,905		10,905
Foreign currency forward/option contract	—		3		3
Interest rate swap contract	—		1,292		1,292

Liabilities:

Aluminum hedging contract	—		529		529