Income Taxes	9 Months Ended
Nov. 30, 2019
Income Taxes
Income Taxes	7. Income Taxes The Company recorded an income tax expense from continuing operations of $876 and an income tax benefit from continuing operations of $1,471 for the thirteen week periods ended November 30, 2019 and December 1, 2018 respectively, and an income tax expense from continuing operations of $35,878 and an income tax benefit from continuing operations of $117,527 for the thirty-nine week periods ended November 30, 2019 and December 1, 2018, respectively. The effective tax rate for the thirteen week periods ended November 30, 2019 and December 1, 2018 was 1.6% and 7.9%, respectively. The effective tax rate for the thirty-nine week periods ended November 30, 2019 and December 1, 2018 was (39.9)% and 22.2%, respectively. The effective tax rate for the thirteen and thirty-nine week periods ended November 30, 2019 was net of an adjustment of (31.8)% and (61.0)%, respectively, to adjust the valuation allowance against deferred tax assets created this year as well as for certain existing state deferred taxes whose realization is now uncertain due to a restructuring of our legal entities. The effective tax rate for the thirteen and thirty-nine week periods ended December 1, 2018 included an adjustment of (9.5)% and (4.1)% to increase the valuation allowance related to certain state deferred taxes. The Company recognizes tax liabilities in accordance with the guidance for uncertain tax positions and management adjusts these liabilities with changes in judgment as a result of the evaluation of new information not previously available. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate of the tax liabilities. The Company believes that it is reasonably possible that a decrease of up to $7,448 in unrecognized tax benefits related to state exposures may be necessary in the next twelve months however management does not expect the change to have a significant impact on the results of operations or the financial position of the Company. The Company regularly evaluates valuation allowances established for deferred tax assets for which future realization is uncertain. Management will continue to monitor all available evidence related to the net deferred tax assets that may change the most recent assessment, including events that have occurred or are anticipated to occur. The Company continues to maintain a valuation allowance against net deferred tax assets of $1,071,001 and $1,091,416, which relates to federal and state deferred tax assets that may not be realized based on the Company's future projections of taxable income at November 30, 2019 and March 2, 2019, respectively.

Income Taxes

9 Months Ended

Nov. 30, 2019

7. Income Taxes

The Company recorded an income tax expense from continuing operations of $876 and an income tax benefit from continuing operations of $1,471 for the thirteen week periods ended November 30, 2019 and December 1, 2018 respectively, and an income tax expense from continuing operations of $35,878 and an income tax benefit from continuing operations of $117,527 for the thirty-nine week periods ended November 30, 2019 and December 1, 2018, respectively. The effective tax rate for the thirteen week periods ended November 30, 2019 and December 1, 2018 was 1.6% and 7.9%, respectively. The effective tax rate for the thirty-nine week periods ended November 30, 2019 and December 1, 2018 was (39.9)% and 22.2%, respectively. The effective tax rate for the thirteen and thirty-nine week periods ended November 30, 2019 was net of an adjustment of (31.8)% and (61.0)%, respectively, to adjust the valuation allowance against deferred tax assets created this year as well as for certain existing state deferred taxes whose realization is now uncertain due to a restructuring of our legal entities. The effective tax rate for the thirteen and thirty-nine week periods ended December 1, 2018 included an adjustment of (9.5)% and (4.1)% to increase the valuation allowance related to certain state deferred taxes.

The Company recognizes tax liabilities in accordance with the guidance for uncertain tax positions and management adjusts these liabilities with changes in judgment as a result of the evaluation of new information not previously available. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate of the tax liabilities.

The Company believes that it is reasonably possible that a decrease of up to $7,448 in unrecognized tax benefits related to state exposures may be necessary in the next twelve months however management does not expect the change to have a significant impact on the results of operations or the financial position of the Company.

The Company regularly evaluates valuation allowances established for deferred tax assets for which future realization is uncertain. Management will continue to monitor all available evidence related to the net deferred tax assets that may change the most recent assessment, including events that have occurred or are anticipated to occur. The Company continues to maintain a valuation allowance against net deferred tax assets of $1,071,001 and $1,091,416, which relates to federal and state deferred tax assets that may not be realized based on the Company's future projections of taxable income at November 30, 2019 and March 2, 2019, respectively.