XML 100 R86.htm IDEA: XBRL DOCUMENT v3.4.0.3
Retirement Plans (Details) - USD ($)
$ in Thousands
12 Months Ended
Feb. 27, 2016
Feb. 28, 2015
Mar. 01, 2014
Defined Contribution Plans      
Employer match of employee contributions up to 3% of pretax annual compensation to 401 (k) defined contribution plan (as a percent) 100.00%    
Percentage of participant's pretax annual compensation matched 100% by employer 3.00%    
Employer match of employee contributions of additional 2% of pretax annual compensation to 401 (k) defined contribution plan (as a percent) 50.00%    
Percentage of participant's pretax annual compensation matched 50% by employer 2.00%    
Total expense recognized for 401(k) defined contribution plans $ 65,118 $ 60,552 $ 57,857
Vesting period 5 years    
Expense recognized for supplemental retirement defined contribution plan $ 1,377 $ 8,748 11,531
Estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic pension expense      
Net actuarial loss 4,529    
Prior service cost $ 0    
Asset allocations      
Total (as a percent) 100.00% 100.00%  
Target allocation of plan assets      
Total (as a percent) 100.00%    
Equity Securities      
Asset allocations      
Total (as a percent) 49.00% 53.00%  
U.S. equities      
Target allocation of plan assets      
Total (as a percent) 36.00%    
International equity      
Target allocation of plan assets      
Total (as a percent) 13.00%    
Fixed Income      
Asset allocations      
Total (as a percent) 51.00% 47.00%  
Target allocation of plan assets      
Total (as a percent) 51.00%    
Defined Benefit Pension Plan      
Net periodic pension expense      
Service cost $ 1,498 $ 2,543 3,341
Interest cost 6,398 6,474 6,120
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
Net pension expense 5,323 4,310 7,898
Other changes recognized in other comprehensive loss:      
Unrecognized net (gain) loss arising during period 7,369 17,190 (18,860)
Amortization of unrecognized prior service cost (67) (240) (240)
Amortization of unrecognized net (loss) gain (3,690) (2,392) (4,935)
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)
Change in benefit obligations:      
Benefit obligation at end of prior year 167,256 148,596  
Service cost 1,498 2,543 3,341
Interest cost 6,398 6,474 6,120
Distributions (7,408) (12,190)  
Actuarial (gain) loss (11,270) 21,833  
Benefit obligation at end of year 156,474 167,256 148,596
Change in plan assets:      
Fair value of plan assets at beginning of year 129,934 128,984  
Employer contributions 0 1,159 8,000
Actual return on plan assets (12,309) 11,981  
Distributions (including expenses paid by the plan) (7,408) (12,190)  
Fair value of plan assets at end of year 110,217 129,934 $ 128,984
Funded status (46,257) (37,322)  
Amounts recognized in consolidated balance sheets consisted of:      
Accrued pension liability (46,257) (37,322)  
Net amount recognized (46,257) (37,322)  
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)  
Estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic pension expense      
Accumulated benefit obligation $ 156,474 $ 167,256  
Significant actuarial assumptions used for all defined benefit plans to determine the benefit obligation      
Discount rate (as a percent) 4.25% 4.00% 4.50%
Rate of increase in future compensation levels (as a percent)     4.50%
Expected long term rate of return on plan assets 6.50% 6.50% 7.75%
Weighted average assumptions used to determine net cost      
Discount rate (as a percent) 4.00% 4.50% 4.00%
Rate of increase in future compensation levels (as a percent)     4.50%
Expected long-term rate of return on plan assets (as a percent) 6.50% 7.75% 7.75%
Defined benefit plans estimated future employer contributions      
Expected employer contribution during next fiscal year $ 0    
Nonqualified Executive Retirement Plan      
Defined Benefit Plans      
Defined benefit plans, annual benefit payment period 15 years    
Net periodic pension expense      
Interest cost $ 475 $ 542 $ 541
Amortization of unrecognized net loss (gain) (574) 894 (351)
Net pension expense (99) 1,436 190
Other changes recognized in other comprehensive loss:      
Unrecognized net (gain) loss arising during period (574) 894 (351)
Amortization of unrecognized net (loss) gain 574 (894) 351
Net amount recognized in pension expense and other comprehensive loss (99) 1,436 190
Change in benefit obligations:      
Benefit obligation at end of prior year 12,685 12,865  
Interest cost 475 542 541
Distributions (1,540) (1,616)  
Actuarial (gain) loss (574) 894  
Benefit obligation at end of year 11,046 12,685 $ 12,865
Change in plan assets:      
Employer contributions 1,540 1,616  
Distributions (including expenses paid by the plan) (1,540) (1,616)  
Funded status (11,046) (12,685)  
Amounts recognized in consolidated balance sheets consisted of:      
Accrued pension liability (11,046) (12,685)  
Net amount recognized (11,046) (12,685)  
Estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic pension expense      
Accumulated benefit obligation $ 11,046 $ 12,685  
Significant actuarial assumptions used for all defined benefit plans to determine the benefit obligation      
Discount rate (as a percent) 4.25% 4.00% 4.50%
Weighted average assumptions used to determine net cost      
Discount rate (as a percent) 4.00% 4.50% 4.00%
Defined benefit plans estimated future employer contributions      
Expected employer contribution during next fiscal year $ 1,602