Retirement Plans (Tables)

12 Months Ended

Feb. 28, 2015

Retirement Plans

Schedule of net periodic pension expense and other changes recognized in other comprehensive income for the defined benefit pension plans and the nonqualified executive retirement plan

	Defined Benefit Pension Plan									Nonqualified Executive Retirement Plan
	2015			2014			2013			2015			2014			2013
Service cost	$	2,543		$	3,341		$	2,908		$	—		$	—		$	—
Interest cost		6,474			6,120			6,128			542			541			616
Expected return on plan assets		(7,339	)		(6,738	)		(6,719	)		—			—			—
Amortization of unrecognized prior service cost		240			240			240			—			—			—
Amortization of unrecognized net loss (gain)		2,392			4,935			3,926			894			(351	)		866
Net pension expense	$	4,310		$	7,898		$	6,483		$	1,436		$	190		$	1,482
Other changes recognized in other comprehensive loss:
Unrecognized net (gain) loss arising during period	$	17,190		$	(18,860	)	$	12,901		$	894		$	(351	)	$	866
Prior service cost arising during period		—			—			—			—			—			—
Amortization of unrecognized prior service costs		(240	)		(240	)		(240	)		—			—			—
Amortization of unrecognized net (loss) gain		(2,392	)		(4,935	)		(3,926	)		(894	)		351			(866	)
Net amount recognized in other comprehensive loss		14,558			(24,035	)		8,735			—			—			—
Net amount recognized in pension expense and other comprehensive loss	$	18,868		$	(16,137	)	$	15,218		$	1,436		$	190		$	1,482

Schedule of reconciliation for both benefit obligation and plan assets of defined benefit plans, as well as funded status and amounts recognized in balance sheet

	Defined Benefit Pension Plan						Nonqualified Executive Retirement Plan
	2015			2014			2015			2014
Change in benefit obligations:
Benefit obligation at end of prior year	$	148,596		$	158,522		$	12,865		$	14,332
Service cost		2,543			3,341			—			—
Interest cost		6,474			6,120			542			541
Distributions		(12,190	)		(7,677	)		(1,616	)		(1,657	)
Change due to change in assumptions		—			—			—			—
Actuarial (gain) loss		21,833			(11,710	)		894			(351	)
Benefit obligation at end of year	$	167,256		$	148,596		$	12,685		$	12,865
Change in plan assets:
Fair value of plan assets at beginning of year	$	128,984		$	114,773		$	—		$	—
Employer contributions		1,159			8,000			1,616			1,655
Actual return on plan assets		11,981			13,888			—			—
Distributions (including expenses paid by the plan)		(12,190	)		(7,677	)		(1,616	)		(1,655	)
Fair value of plan assets at end of year	$	129,934		$	128,984		$	—		$	—
Funded status	$	(37,322	)	$	(19,612	)	$	(12,685	)	$	(12,865	)
Net amount recognized	$	(37,322	)	$	(19,612	)	$	(12,685	)	$	(12,865	)
Amounts recognized in consolidated balance sheets consisted of:
Prepaid pension cost	$	—		$	—		$	—		$	—
Accrued pension liability		(37,322	)		(19,612	)		(12,685	)		(12,865	)
Net amount recognized	$	(37,322	)	$	(19,612	)	$	(12,685	)	$	(12,865	)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss	$	(50,146	)	$	(35,348	)	$	—		$	—
Prior service cost		(67	)		(307	)		—			—
Amount recognized	$	(50,213	)	$	(35,655	)	$	—		$	—

Schedule of significant actuarial assumptions used for all defined benefit plans to determine benefit obligation

	Defined Benefit Pension Plan									Nonqualified Executive Retirement Plan
	2015			2014			2013			2015			2014			2013
Discount rate		4.00	%		4.50	%		4.00	%		4.00	%		4.50	%		4.00	%
Rate of increase in future compensation levels		N/A			4.50	%		4.50	%		N/A			N/A			N/A
Expected long-term rate of return on plan assets		6.50	%		7.75	%		7.75	%		N/A			N/A			N/A

Schedule of weighted average assumptions used to determine net benefit cost

	Defined Benefit Pension Plan									Nonqualified Executive Retirement Plan
	2015			2014			2013			2015			2014			2013
Discount rate		4.50	%		4.00	%		4.50	%		4.50	%		4.00	%		4.50	%
Rate of increase in future compensation levels		N/A			4.50	%		5.00	%		N/A			N/A			N/A
Expected long-term rate of return on plan assets		7.75	%		7.75	%		7.75	%		N/A			N/A			N/A

Schedule of pension plan asset allocations by asset category

	February 28, 2015			March 1, 2014
Equity securities		53	%		62	%
Fixed income securities		47	%		38	%
Total		100	%		100	%

Schedule of target allocation of plan assets

Category	Target Allocation
U.S. equities		39	%
International equities		13	%
U.S. fixed income		48	%
Total		100	%

Summary of the plan's investments measured at fair value on a recurring basis

	Fair Value Measurements at February 28, 2015
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Equity Securities
International equity	$	—	$	17,071	$	—	$	17,071
Large Cap		—		35,524		—		35,524
Small-Mid Cap		—		15,977		—		15,977
Fixed Income
Long Term Credit Bond Index		—		47,249		—		47,249
Intermediate Fixed Income		—		13,612		—		13,612
Other types of investments
Short Term Investments		—		501		—		501
Total	$	—	$	129,934	$	—	$	129,934

	Fair Value Measurements at March 1, 2014
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Equity Securities
International equity	$	—	$	20,401	$	—	$	20,401
Large Cap		—		40,913		—		40,913
Small-Mid Cap		—		18,071		—		18,071
Fixed Income
Long Term Credit Bond Index		—		47,360		—		47,360
Other types of investments
Short Term Investments		—		2,239		—		2,239
Total	$	—	$	128,984	$	—	$	128,984

Schedule of future benefit payments expected to be paid

Fiscal Year	Defined Benefit Pension Plan		Nonqualified Executive Retirement Plan
2016	$	7,857	$	1,644
2017		7,974		1,619
2018		8,076		1,249
2019		8,155		1,225
2020		8,409		1,142
2021 - 2025		44,902		4,153
Total	$	85,373	$	11,032