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Employee Benefit Plans (Tables)
 12 Months Ended
Feb. 28, 2026
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 2026 and 2025 relates to the plan years ending December 31, 2025 and December 31, 2024, respectively.
Our participation in these plans is outlined in the following table.
Pension Protection Act Zone Status
Contributions
(In thousands)
Pension FundEIN/Pension Plan Number20262025202620252024
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$1,034 $722 $1,015 NoNoNo5/31/2029
International Painters and Allied Trades Industry Pension Fund526073909RedRed— 730 971 ImplementedNoNoVarious
Ironworkers Local 580 Pension Fund136178514GreenGreen1,099 2,121 883 ImplementedNoYes6/30/2023
Western Glaziers Retirement Plan (Washington)916123685GreenGreen304 365 423 NoNoNo6/30/2022
Iron Workers Mid-America Pension Fund366488227GreenGreen96 320 237 NoNoNo5/31/2027
Other funds1,220 814 1,077 
Total contributions$3,753 $5,072 $4,606 
(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' Form 5500s 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 Fund2026, 2025 and 2024
Western Glaziers Retirement Fund (Oregon and Southwest Washington)2026 and 2025
Ironworkers Local 580 Pension Fund2026
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)February 28, 2026March 1, 2025
Change in projected benefit obligation
Benefit obligation beginning of period$8,592 $8,897 
Interest cost417 437 
Actuarial loss (gain)
108 39 
Benefits paid(769)(781)
Benefit obligation at measurement date8,348 8,592 
Change in plan assets
Fair value of plan assets beginning of period$3,582 $3,793 
Actual return on plan assets122 124 
Company contributions516 446 
Benefits paid(769)(781)
Fair value of plan assets at measurement date3,451 3,582 
Underfunded status$(4,897)$(5,010)
Schedule of Amounts Recognized in Balance Sheet
The funded status was recognized on the Consolidated Balance Sheets as follows:
(In thousands)February 28, 2026March 1, 2025
Other non-current assets$73 $76 
Current liabilities(446)(446)
Other non-current liabilities(4,524)(4,640)
Total$(4,897)$(5,010)
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)20262025
Net actuarial loss$2,700 $2,748 
Schedule of Net Benefit Costs
Components of the defined-benefit pension plans' net periodic benefit cost:
(In thousands)202620252024
Interest cost$417 $437 $497 
Expected return on assets(94)(115)(120)
Amortization of unrecognized net loss62 66 62 
Net periodic benefit cost$385 $388 $439 
Schedule of Assumptions Used
Benefit Obligation Weighted-Average Assumptions202620252024
Discount rate5.00 %5.10 %5.15 %
Net Periodic Benefit Expense Weighted-Average Assumptions202620252024
Discount rate5.10 %5.15 %5.10 %
Expected long-term rate of return on assets4.60 %4.60 %4.50 %
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, are expected to be paid by the plans:
(In thousands)202720282029203020312032-2036
Estimated future benefit payments$826 $774 $762 $748 $724 $3,309