Retirement Plans (Tables)

12 Months Ended

Mar. 04, 2017

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
	2017			2016			2015			2017			2016			2015
Service cost	$	1,291		$	1,498		$	2,543		$	—		$	—		$	—
Interest cost		6,634			6,398			6,474			436			475			542
Expected return on plan assets		(4,512	)		(6,330	)		(7,339	)		—			—			—
Amortization of unrecognized prior service cost		—			67			240			—			—			—
Amortization of unrecognized net loss (gain)		5,085			3,690			2,392			70			(574	)		894
Net pension expense	$	8,498		$	5,323		$	4,310		$	506		$	(99	)	$	1,436
Other changes recognized in other comprehensive loss:
Unrecognized net (gain) loss arising during period	$	(3,979	)	$	7,369		$	17,190		$	70		$	(574	)	$	894
Prior service cost arising during period		—			—			—			—			—			—
Amortization of unrecognized prior service costs		—			(67	)		(240	)		—			—			—
Amortization of unrecognized net (loss)  gain		(5,085	)		(3,690	)		(2,392	)		(70	)		574			(894	)
Net amount recognized in other comprehensive loss		(9,064	)		3,612			14,558			—			—			—
Net amount recognized in pension expense and other comprehensive loss	$	(566	)	$	8,935		$	18,868		$	506		$	(99	)	$	1,436

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
	2017			2016			2017			2016
Change in benefit obligations:
Benefit obligation at end of prior year	$	156,474		$	167,256		$	11,046		$	12,685
Service cost		1,291			1,498			—			—
Interest cost		6,634			6,398			436			475
Distributions		(7,449	)		(7,408	)		(1,504	)		(1,540	)
Change due to change in assumptions		—			—			—			—
Actuarial loss (gain)		7,399			(11,270	)		70			(574	)
Benefit obligation at end of year	$	164,349		$	156,474		$	10,048		$	11,046
Change in plan assets:
Fair value of plan assets at beginning of year	$	110,217		$	129,934		$	—		$	—
Employer contributions		—			—			1,504			1,540
Actual return on plan assets		15,890			(12,309	)		—			—
Distributions (including expenses paid by the plan)		(7,449	)		(7,408	)		(1,504	)		(1,540	)
Fair value of plan assets at end of year	$	118,658		$	110,217		$	—		$	—
Funded status	$	(45,691	)	$	(46,257	)	$	(10,048	)	$	(11,046	)
Net amount recognized	$	(45,691	)	$	(46,257	)	$	(10,048	)	$	(11,046	)
Amounts recognized in consolidated balance sheets consisted of:
Prepaid pension cost	$	—		$	—		$	—		$	—
Accrued pension liability		(45,691	)		(46,257	)		(10,048	)		(11,046	)
Net amount recognized	$	(45,691	)	$	(46,257	)	$	(10,048	)	$	(11,046	)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss	$	(44,761	)	$	(53,825	)	$	—		$	—
Prior service cost		—			—			—			—
Amount recognized	$	(44,761	)	$	(53,825	)	$	—		$	—

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

	Defined Benefit Pension Plan									Nonqualified Executive Retirement Plan
	2017			2016			2015			2017			2016			2015
Discount rate		4.00	%		4.25	%		4.00	%		4.00	%		4.25	%		4.00	%
Rate of increase in future compensation levels		N/A			N/A			N/A			N/A			N/A			N/A
Expected long-term rate of return on plan assets		6.50	%		6.50	%		6.50	%		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
	2017			2016			2015			2017			2016			2015
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			N/A			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 pension plan asset allocations by asset category

	March 4, 2017			February 27, 2016
Equity securities		52	%		49	%
Fixed income securities		48	%		51	%
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 March 4, 2017
	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	$	—	$	—	$	—	$	15,348
Large Cap		—		—		—		32,413
Small-Mid Cap		—		—		—		14,083
Fixed Income
Long Term Credit Bond Index		—		—		—		47,694
20+ Year Treasury STRIPS		—		—		—		7,563
Intermediate Fixed Income		—		—		—		639
Other types of investments
Short Term Investments		—		—		—		918
Total	$	—	$	—	$	—	$	118,658

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

Schedule of future benefit payments expected to be paid

Fiscal Year	Defined Benefit Pension Plan		Nonqualified Executive Retirement Plan
2018	$	8,091	$	1,241
2019		8,190		1,217
2020		8,408		1,137
2021		8,587		969
2022		8,785		874
2023 - 2027		45,960		3,550
Total	$	88,021	$	8,988