Stock Options and Stock Awards (Tables)

12 Months Ended

Feb. 29, 2020

Stock Option and Stock Award Plans

Schedule of weighted average assumptions used for options granted

	2020		2019	2018
Expected stock price volatility(1)	56	%	N/A	58	%
Expected dividend yield(2)	0.0	%	N/A	0.0	%
Risk-free interest rate(3)	1.5	%	N/A	1.9	%
Expected option life(4)	5.5 years		N/A	5.5 years

(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 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
Granted	612		7.21
Exercised	—		N/A
Cancelled	(353)		48.56
Outstanding at February 29, 2020	1,295	$	30.29	5.61	$	3,920
Vested or expected to vest at February 29, 2020	1,295	$	30.29	5.61	$	3,920
Exercisable at February 29, 2020	683	$	50.97	2.14	$	0

Schedule of restricted stock transactions

		Weighted
		Average
		Grant Date
	Shares	Fair Value
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
Granted	1,402		8.40
Vested	(695)		28.59
Cancelled	(462)		16.76
Balance at February 29, 2020	1,253	$	10.32