Income Taxes (Tables)

12 Months Ended

Mar. 02, 2019

Income Taxes

Schedule of provision for income tax expense (benefit) from continuing operations

	Year Ended
	March 2,		March 3,		March 4,
	2019		2018		2017
	(52 Weeks)		(52 Weeks)		(53 Weeks)
Current tax:
Federal	$	(22,187)	$	(210)	$	—
State		9,866		51,279		14,600
		(12,321)		51,069		14,600
Deferred tax and other:
Federal		50,151		316,451		10,355
State		39,647		(61,533)		19,483
		89,798		254,918		29,838
Total income tax expense	$	77,477	$	305,987	$	44,438

Schedule of reconciliation of the expected statutory federal tax and the total income tax expense (benefit) from continuing operations

	Year Ended
	March 2,		March 3,		March 4,
	2019		2018		2017
	(52 Weeks)		(52 Weeks)		(53 Weeks)
Federal statutory rate*	$	(123,790)	$	(14,202)	$	16,982
Federal tax rate change		—		324,765		—
Nondeductible expenses		2,890		1,213		2,479
State income taxes, net		(12,605)		(22,836)		8,225
Increase (decrease) of previously recorded liabilities		(3,105)		27,295		(955)
Nondeductible compensation		1,798		654		1,157
Acquisition costs		—		696		4,023
Stock based compensation		3,478		8,363		—
Valuation allowance		212,252		(8,853)		14,718
Other		(3,441)		(11,108)		(2,191)
Total income tax expense	$	77,477	$	305,987	$	44,438

*     Federal statutory rate included in the above table is 21.0%,  32.6% and 35.0%, respectively, for the fiscal years ended March 2, 2019, March 3, 2018 and March 4, 2017.

Schedule of significant components of deferred tax assets and liabilities

	2019		2018
Deferred tax assets:
Accounts receivable	$	36,607	$	39,182
Accrued expenses		107,356		113,493
Liability for lease exit costs		37,333		40,662
Pension, retirement and other benefits		87,397		104,494
Long-lived assets		320,561		246,793
Credits		48,884		85,555
Net operating losses		1,084,139		1,089,084
Total gross deferred tax assets		1,722,277		1,719,263
Valuation allowance		(1,091,416)		(896,800)
Total deferred tax assets		630,861		822,463
Deferred tax liabilities:
Outside basis difference		5,392		5,420
Inventory		215,588		223,024
Other		797		0
Total gross deferred tax liabilities		221,777		228,444
Net deferred tax assets	$	409,084	$	594,019

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits from continuing operations

	2019		2018		2017
Unrecognized tax benefits	$	230,210	$	8,939	$	10,676
Increases to prior year tax positions		155		—		16
Decreases to tax positions in prior periods		(111)		(1,015)		(626)
Increases to current year tax positions		—		224,408		26
Settlements		—		—		—
Divestitures		(543)		(1,607)		—
Lapse of statute of limitations		(9,872)		(515)		(1,153)
Unrecognized tax benefits balance	$	219,839	$	230,210	$	8,939