Retirement Plans (Tables)

12 Months Ended

Feb. 27, 2016

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
	2016			2015			2014			2016			2015			2014
Service cost	$	1,498		$	2,543		$	3,341		$	—		$	—		$	—
Interest cost		6,398			6,474			6,120			475			542			541
Expected return on plan assets		(6,330	)		(7,339	)		(6,738	)		—			—			—
Amortization of unrecognized prior service cost		67			240			240			—			—			—
Amortization of unrecognized net loss (gain)		3,690			2,392			4,935			(574	)		894			(351	)
Net pension expense	$	5,323		$	4,310		$	7,898		$	(99	)	$	1,436		$	190
Other changes recognized in other comprehensive loss:
Unrecognized net (gain) loss arising during period	$	7,369		$	17,190		$	(18,860	)	$	(574	)	$	894		$	(351	)
Prior service cost arising during period		—			—			—			—			—			—
Amortization of unrecognized prior service costs		(67	)		(240	)		(240	)		—			—			—
Amortization of unrecognized net (loss) gain		(3,690	)		(2,392	)		(4,935	)		574			(894	)		351
Net amount recognized in other comprehensive loss		3,612			14,558			(24,035	)		—			—			—
Net amount recognized in pension expense and other comprehensive loss	$	8,935		$	18,868		$	(16,137	)	$	(99	)	$	1,436		$	190

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
	2016			2015			2016			2015
Change in benefit obligations:
Benefit obligation at end of prior year	$	167,256		$	148,596		$	12,685		$	12,865
Service cost		1,498			2,543			—			—
Interest cost		6,398			6,474			475			542
Distributions		(7,408	)		(12,190	)		(1,540	)		(1,616	)
Change due to change in assumptions		—			—			—			—
Actuarial (gain) loss		(11,270	)		21,833			(574	)		894
Benefit obligation at end of year	$	156,474		$	167,256		$	11,046		$	12,685
Change in plan assets:
Fair value of plan assets at beginning of year	$	129,934		$	128,984		$	—		$	—
Employer contributions		—			1,159			1,540			1,616
Actual return on plan assets		(12,309	)		11,981			—			—
Distributions (including expenses paid by the plan)		(7,408	)		(12,190	)		(1,540	)		(1,616	)
Fair value of plan assets at end of year	$	110,217		$	129,934		$	—		$	—
Funded status	$	(46,257	)	$	(37,322	)	$	(11,046	)	$	(12,685	)
Net amount recognized	$	(46,257	)	$	(37,322	)	$	(11,046	)	$	(12,685	)
Amounts recognized in consolidated balance sheets consisted of:
Prepaid pension cost	$	—		$	—		$	—		$	—
Accrued pension liability		(46,257	)		(37,322	)		(11,046	)		(12,685	)
Net amount recognized	$	(46,257	)	$	(37,322	)	$	(11,046	)	$	(12,685	)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss	$	(53,825	)	$	(50,146	)	$	—		$	—
Prior service cost		—			(67	)		—			—
Amount recognized	$	(53,825	)	$	(50,213	)	$	—		$	—

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

	Defined Benefit Pension Plan									Nonqualified Executive Retirement Plan
	2016			2015			2014			2016			2015			2014
Discount rate		4.25	%		4.00	%		4.50	%		4.25	%		4.00	%		4.50	%
Rate of increase in future compensation levels		N/A			N/A			4.50	%		N/A			N/A			N/A
Expected long-term rate of return on plan assets		6.50	%		6.50	%		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
	2016			2015			2014			2016			2015			2014
Discount rate		4.00	%		4.50	%		4.00	%		4.00	%		4.50	%		4.00	%
Rate of increase in future compensation levels		N/A			N/A			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 pension plan asset allocations by asset category

	February 27, 2016			February 28, 2015
Equity securities		49	%		53	%
Fixed income securities		51	%		47	%
Total		100	%		100	%

Schedule of target allocation of plan assets

Category	Target Allocation
U.S. equities		36	%
International equities		13	%
U.S. fixed income		51	%
Total		100	%

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

	Fair Value Measurements at February 27, 2016
	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	$	—	$	14,414	$	—	$	14,414
Large Cap		—		28,188		—		28,188
Small-Mid Cap		—		11,684		—		11,684
Fixed Income
Long Term Credit Bond Index		—		43,130		—		43,130
20+ Year Treasury STRIPS		—		10,929		—		10,929
Intermediate Fixed Income		—		41		—		41
Other types of investments
Short Term Investments		—		1,831		—		1,831
Total	$	—	$	110,217	$	—	$	110,217

	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

Schedule of future benefit payments expected to be paid

Fiscal Year	Defined Benefit Pension Plan		Nonqualified Executive Retirement Plan
2017	$	7,971	$	1,602
2018		8,153		1,234
2019		8,134		1,209
2020		8,332		1,129
2021		8,495		961
2022 - 2026		44,253		3,818
Total	$	85,338	$	9,953