Income Taxes (Tables)

12 Months Ended

Feb. 29, 2020

Income Taxes

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

	Year Ended
	February 29,		March 2,		March 3,
	2020		2019		2018
	(52 Weeks)		(52 Weeks)		(52 Weeks)
Current tax:
Federal	$	(6,758)	$	(22,187)	$	(210)
State		13,725		9,866		51,279
		6,967		(12,321)		51,069
Deferred tax and other:
Federal		345,469		50,151		316,451
State		35,171		39,647		(61,533)
		380,640		89,798		254,918
Total income tax expense	$	387,607	$	77,477	$	305,987

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

	Year Ended
	February 29,		March 2,		March 3,
	2020		2019		2018
	(52 Weeks)		(52 Weeks)		(52 Weeks)
Federal statutory rate*	$	(17,093)	$	(123,790)	$	(14,202)
Federal tax rate change		—		—		324,765
Nondeductible expenses		1,025		2,890		1,213
State income taxes, net		46,620		(12,605)		(22,836)
Increase (decrease) of previously recorded liabilities		(4,477)		(3,105)		27,295
Nondeductible compensation		2,623		1,798		654
Officer life insurance		5,555		—		—
Qualified fringe disallowance		974		—		—
Acquisition costs		—		—		696
Stock based compensation		4,999		3,478		8,363
Valuation allowance		347,599		212,252		(8,853)
Other		(218)		(3,441)		(11,108)
Total income tax expense	$	387,607	$	77,477	$	305,987

*     Federal statutory rate included in the above table is 21.0%, 21.0% and 32.6%, respectively, for the fiscal years ended February 29, 2020, March 2, 2019 and March 3, 2018.

Schedule of significant components of deferred tax assets and liabilities

	2020		2019
Deferred tax assets:
Accounts receivable	$	29,734	$	36,607
Accrued expenses		99,637		107,356
Liability for lease exit costs		772		37,333
Pension, retirement and other benefits		98,408		87,397
Long-lived assets		303,630		320,561
Operating lease liabilities		903,020		—
Credits		35,197		48,884
Net operating losses		1,284,831		1,084,139
Other		654		—
Total gross deferred tax assets		2,755,883		1,722,277
Valuation allowance		(1,673,119)		(1,091,416)
Total deferred tax assets		1,082,764		630,861
Deferred tax liabilities:
Outside basis difference		5,616		5,392
Inventory		242,238		215,588
Operating lease right-of-use assets		818,230		—
Other		—		797
Total gross deferred tax liabilities		1,066,084		221,777
Net deferred tax assets	$	16,680	$	409,084

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

	2020		2019		2018
Unrecognized tax benefits	$	219,839	$	230,210	$	8,939
Increases to prior year tax positions		440		155		—
Decreases to tax positions in prior periods		(6,448)		(111)		(1,015)
Increases to current year tax positions		—		—		224,408
Settlements		—		—		—
Divestitures		—		(543)		(1,607)
Lapse of statute of limitations		(15,506)		(9,872)		(515)
Unrecognized tax benefits balance	$	198,325	$	219,839	$	230,210