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Employee Benefit Plans (Tables)
 12 Months Ended
Mar. 01, 2025
Retirement Benefits [Abstract]  
Schedule of Multiemployer Plan . Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are between 65% and 80% funded, and plans in the green zone are at least 80% funded. The most recent Pension Protection Act zone status available for fiscals 2025 and 2024 relates to the plan years ending December 31, 2024 and December 31, 2023, respectively.
Our participation in these plans is outlined in the following table.
Pension Protection Act Zone Status
Contributions
(In thousands)
Pension FundEIN/Pension Plan Number20252024202520242023
FIP/RP Status Pending/Implemented(2)
Minimum Contribution Surcharge Imposed
Expiration Date of Collective Bargaining Agreement(1)
Iron Workers Local Union No. 5 and Iron Workers Employers Association Employees Pension Trust Fund521075473GreenGreen$722 $1,015 $1,359 NoNoNo5/31/2017
International Painters and Allied Trades Industry Pension Fund526073909RedRed730 971 869 ImplementedNoNo11/30/2017
Ironworkers Local 580 Pension Fund136178514GreenGreen2,121 883 596 ImplementedNoYes6/30/2023
Western Glaziers Retirement Plan (Washington)916123685GreenGreen365 423 815 NoNoNo6/30/2017
Iron Workers Mid-America Pension Fund366488227GreenGreen320 237 429 NoNoNo5/31/2017
Western Glaziers Retirement Fund (Oregon and Southwest Washington)936074376GreenGreen— 22 441 NoNoNo11/30/2017
Glazier's Union Local 27 Pension and Retirement Plan366034076GreenGreen80 145 174 NoNoNo5/31/2017
Atlanta Ironworkers Local Union 387 Pension Plan586051152GreenGreen131 109 125 NoNoNo1/31/2017
Other funds603 801 493 
Total contributions$5,072 $4,606 $5,301 
(1) Plans include contributions required by collective bargaining agreements which have expired, but contain provisions automatically renewing their terms in the absence of a subsequent negotiated agreement.
(2) FIP is defined as Funding Improvement Plan; RP is defined as Rehabilitation Plan

The Company was listed in the plans' Forms 5500 as providing more than 5% of the total contributions for the following plans and plan years:
Pension FundYear contributions to Plan Exceeded More Than 5 Percent of Total Contributions
Iron Workers Local Union No. 5 and Iron Workers Employers Association Employees Pension Trust Fund2025, 2024 and 2023
Western Glaziers Retirement Fund (Oregon and Southwest Washington)2025
Iron Workers Mid-America Pension Fund2023
Atlanta Ironworkers Local Union 387 Pension Plan2023
Schedule of Defined Benefit Plans Disclosures
The following tables present reconciliations of the benefit obligation and the funded status of these plans. The Tubelite plan uses a measurement date as of the calendar month-end closest to our fiscal year-end, while the SERP uses a measurement date aligned with our fiscal year-end.
(In thousands)March 1, 2025March 2, 2024
Change in projected benefit obligation
Benefit obligation beginning of period$8,897 $10,260 
Interest cost437 497 
Actuarial loss (gain)
39 (973)
Benefits paid(781)(887)
Benefit obligation at measurement date8,592 8,897 
Change in plan assets
Fair value of plan assets beginning of period$3,793 $3,992 
Actual return on plan assets124 53 
Company contributions446 635 
Benefits paid(781)(887)
Fair value of plan assets at measurement date3,582 3,793 
Underfunded status$(5,010)$(5,104)
Schedule of Amounts Recognized in Balance Sheet
The funded status was recognized in the consolidated balance sheets as follows:
(In thousands)March 1, 2025March 2, 2024
Other non-current assets$76 $111 
Current liabilities(446)(446)
Other non-current liabilities(4,640)(4,769)
Total$(5,010)$(5,104)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized as Components of Net Periodic Benefit Cost
The following was included in accumulated other comprehensive loss and has not yet been recognized as a component of net periodic benefit cost:
(In thousands)20252024
Net actuarial loss$2,748 $2,851 
Schedule of Net Benefit Costs
Components of the defined-benefit pension plans' net periodic benefit cost:
(In thousands)202520242023
Interest cost$437 $497 $380 
Expected return on assets(115)(120)(84)
Amortization of unrecognized net loss66 62 254 
Net periodic benefit cost$388 $439 $550 
Schedule of Assumptions Used
Benefit Obligation Weighted-Average Assumptions202520242023
Discount rate5.10 %5.15 %5.10 %
Net Periodic Benefit Expense Weighted-Average Assumptions202520242023
Discount rate5.15 %5.10 %3.20 %
Expected long-term rate of return on assets4.60 %4.50 %2.75 %
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, are expected to be paid by the plans:
(In thousands)202620272028202920302031-2035
Estimated future benefit payments$816 $784 $782 $770 $746 $3,416