Stock Option and Stock Award Plans (Tables)

12 Months Ended

Mar. 02, 2019

Schedule of weighted average assumptions used for options granted


	2019	2018		2017
Expected stock price volatility(1)	N/A	58	%	N/A
Expected dividend yield(2)	N/A	0.0	%	N/A
Risk-free interest rate(3)	N/A	1.9	%	N/A
Expected option life(4)	N/A	5.5 years		N/A

(1)

The expected volatility is based on the historical volatility of the stock price over the most recent period equal to expected life of the option.

(2)

The dividend rate that will be paid out on the underlying shares during the expected term of the options. The Company does not currently pay dividends on its common stock, as such, the dividend rate is assumed to be 0%.

(3)

The risk free interest rate is equal to the rate available on United States Treasury zero‑coupon issues as of the grant date of the option with a remaining term equal to the expected term.

(4)

The period of time for which the option is expected to be outstanding. The Company analyzed historical exercise behavior to estimate the life.

Schedule of stock option transactions


		Weighted		Weighted
		Average		Average
		Exercise		Remaining	Aggregate
		Price		Contractual	Intrinsic
	Shares	Per Share		Term	Value
Outstanding at February 27, 2016	1,906	$	54.53
Granted	—		N/A
Exercised	(178)		39.07
Cancelled	(34)		111.99
Outstanding at March 4, 2017	1,694	$	54.93
Granted	50		41.00
Exercised	(241)		24.05
Cancelled	(160)		126.61
Outstanding at March 3, 2018	1,343	$	51.42
Granted	—		N/A
Exercised	(99)		23.07
Cancelled	(208)		71.07
Outstanding at March 2, 2019	1,036	$	50.15	3.12	$	0
Vested or expected to vest at March 2, 2019	1,025	$	49.07	3.10	$	0
Exercisable at March 2, 2019	978	$	47.87	2.85	$	0

Schedule of restricted stock transactions


		Weighted
		Average
		Grant Date
	Shares	Fair Value
Balance at February 27, 2016	243	$	144.61
Granted	180		154.60
Vested	(111)		125.55
Cancelled	(21)		156.85
Balance at March 4, 2017	291	$	157.35
Granted	693		56.44
Vested	(194)		160.61
Cancelled	(179)		73.95
Balance at March 3, 2018	611	$	66.34
Granted	700		16.05
Vested	(215)		76.99
Cancelled	(88)		72.87
Balance at March 2, 2019	1,008	$	28.60