Income Taxes (Tables)

12 Months Ended

Mar. 01, 2025

Income Tax Disclosure [Abstract]

Schedule of Earnings Before Income Taxes

Earnings before income taxes consisted of the following:

(In thousands)	2025		2024		2023
United States	$	111,029	$	133,185	$	126,859
International	1,545		(3,932)		(10,238)
Earnings before income taxes	$	112,574	$	129,253	$	116,621

Schedule of Components of Income Tax Expense

The components of income tax (benefit) expense for each of the last three fiscal years are as follows:

(In thousands)	2025		2024		2023
Current
Federal	$	19,979	$	32,900	$	9,621
State and local	3,546		6,172		7,670
International	(586)		286		231
Total current	22,939		39,358		17,522
Deferred
Federal	3,190		(8,361)		(5,120)
State and local	691		(1,387)		(2,487)
International	(45)		—		422
Total deferred	3,836		(9,748)		(7,185)
Total non-current tax expense	747		30		2,177
Total income tax expense	$	27,522	$	29,640	$	12,514

Schedule of Effective Income Tax Rate Reconciliation

The following table provides a reconciliation of the statutory federal income tax rate to our consolidated effective tax rates:

	2025		2024		2023
Statutory federal income tax rate	21.0	%	21.0	%	21.0	%
State and local income taxes, net of federal tax benefit	2.9		2.4		3.5
Foreign tax rate differential	(0.8)		(0.2)		(0.2)
Valuation allowance	(0.3)		1.0		(4.7)
Nontaxable (loss) gain on life insurance policies	(0.2)		—		0.2
Deduction for foreign derived intangible income	(0.4)		(0.3)		(0.2)
Research & development tax credit	(1.5)		(1.3)		(1.5)
§162(m) Executive Compensation Limitation	3.4		0.8		0.8
Tax benefit of share based awards	(1.0)		(0.6)		(0.8)
Worthless stock deduction	—		—		(6.0)
Other, net	1.3		0.1		(1.4)
Consolidated effective income tax rate	24.4	%	22.9	%	10.7	%

Schedule of Deferred Tax Assets And Deferred Tax Liabilities

Deferred tax assets and deferred tax liabilities at March 1, 2025 and March 2, 2024 were:

(In thousands)	2025		2024
Deferred tax assets
Accrued expenses	$	3,743	$	4,565
Deferred compensation	9,794		11,138
Section 174 capitalized costs	15,675		12,450
Goodwill and other intangibles	3,127		2,342
Liability for unrecognized tax benefits	2,651		2,122
Unearned income	—		7,467
Operating lease liabilities	14,898		13,064
Net operating losses and tax credits	11,679		12,332
Other	4,665		4,773
Total deferred tax assets	66,232		70,253
Less: valuation allowance	(9,582)		(10,803)
Deferred tax assets, net of valuation allowance	56,650		59,450
Deferred tax liabilities
Depreciation	22,401		20,510
Operating lease, right-of-use assets	13,605		11,955
Bad debt	7,785		8,291
Prepaid expenses	1,697		2,131
Other	3,923		2,520
Total deferred tax liabilities	49,411		45,407
Net deferred tax assets (liabilities)	$	7,239	$	14,043

Schedule of Unrecognized Tax Benefits

The following table provides a reconciliation of the total amounts of gross unrecognized tax benefits:

(In thousands)	2025		2024		2023
Gross unrecognized tax benefits at beginning of year	$	5,053	$	5,312	$	3,321
Gross increases in tax positions for prior years	347		91		2,298
Gross decreases in tax positions for prior years	(11)		(65)		(255)
Gross increases based on tax positions related to the current year	886		579		291
Gross decreases based on tax positions related to the current year	—		—		(27)
Settlements	—		(354)		—
Statute of limitations expiration	(308)		(510)		(316)
Gross unrecognized tax benefits at end of year	$	5,967	$	5,053	$	5,312