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Retirement Plans (Tables)
12 Months Ended
Feb. 29, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Summary of net periodic pension expense for the defined benefit plans

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Defined Benefit Pension Plan

​

    

2020

    

2019

    

2018

Service cost

​

$

462

​

$

597

    

$

1,212

Interest cost

​

 

6,186

​

 

6,159

​

 

6,340

Expected return on plan assets

​

 

(4,793)

​

 

(5,673)

​

 

(4,525)

Amortization of unrecognized net loss

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1,695

​

 

1,769

​

 

3,393

Net periodic pension expense

​

$

3,550

​

$

2,852

​

$

6,420

Other changes recognized in other comprehensive loss:

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​

​

​

​

​

​

​

​

Unrecognized net (gain) loss arising during period

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$

19,046

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$

(3,486)

​

$

(8,704)

Amortization of unrecognized net (loss) gain

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(1,695)

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(1,769)

​

 

(3,393)

Net amount recognized in other comprehensive loss

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17,351

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(5,255)

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(12,097)

Net amount recognized in pension expense and other comprehensive loss

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$

20,901

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$

(2,403)

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$

(5,677)

Schedule of reconciliation for both benefit obligation and plan assets of defined benefit plans, as well as funded status and amounts recognized in balance sheet

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Defined Benefit

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Pension Plan

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2020

    

2019

Change in benefit obligations:

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Benefit obligation at end of prior year

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$

150,705

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$

161,851

Service cost

​

 

462

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597

Interest cost

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6,186

​

 

6,159

Distributions

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(7,525)

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(8,816)

Actuarial loss (gain)

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29,076

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(9,086)

Benefit obligation at end of year

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$

178,904

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$

150,705

Change in plan assets:

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​

Fair value of plan assets at beginning of year

​

$

124,832

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$

130,860

Employer contributions

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—

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2,715

Actual return on plan assets

​

 

14,823

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72

Distributions (including expenses paid by the plan)

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(7,525)

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(8,815)

Fair value of plan assets at end of year

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$

132,130

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$

124,832

Funded status

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$

(46,774)

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$

(25,873)

Net amount recognized

​

$

(46,774)

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$

(25,873)

Amounts recognized in consolidated balance sheets consisted of:

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Accrued pension liability

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(46,774)

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(25,873)

Net amount recognized

​

$

(46,774)

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$

(25,873)

Amounts recognized in accumulated other comprehensive loss consist of:

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​

​

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Net actuarial loss

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$

(44,760)

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$

(27,409)

Amount recognized

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$

(44,760)

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$

(27,409)

Schedules of assumptions used for benefit obligation and cost

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Defined Benefit

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Pension Plan

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2020

    

2019

    

2018

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Discount rate

    

2.75

%  

4.25

%  

4.00

%

Rate of increase in future compensation levels

 

N/A

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N/A

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N/A

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Expected long-term rate of return on plan assets

 

6.00

%  

6.25

%  

6.25

%

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Defined Benefit

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Pension Plan

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2020

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2019

​

2018

​

Discount rate

​

4.25

%   

4.00

%   

4.00

%

Rate of increase in future compensation levels

 

N/A

​

N/A

​

N/A

​

Expected long-term rate of return on plan assets

 

6.25

%  

6.25

%  

6.50

%

Schedule of pension plan asset allocation percentages

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February 29,

    

March 2,

 

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2020

​

2019

 

Equity securities

 

47

%  

52

%

Fixed income securities

 

53

%  

48

%

Total

 

100

%  

100

%

Schedule of target allocation of plan assets

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Target

 

Category

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Allocation

    

Equity securities

 

52

%

Fixed income securities

 

48

%

Total

 

100

%

Summary of the plan's investments measured at fair value on a recurring basis

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Fair Value Measurements at February 29, 2020

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Quoted Prices in

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Active Markets

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Significant

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Significant

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for Identical

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Observable

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Unobservable

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Assets (Level 1)

    

Inputs (Level 2)

    

Inputs (Level 3)

    

Total

Equity Securities

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International equity

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$

—

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$

—

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$

—

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$

15,251

Large Cap

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—

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—

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—

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33,174

Small-Mid Cap

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—

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—

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—

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14,223

Fixed Income

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​

​

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Long Term Credit Bond Index

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—

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—

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—

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25,129

Long Term US Government Bonds

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—

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—

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—

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18,897

20+ Year Treasury STRIPS

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—

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—

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—

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1,447

Intermediate Fixed Income

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—

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—

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—

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14,606

AGT High Yield Bond

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—

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—

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—

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7,673

Other types of investments

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Short Term Investments

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—

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1,729

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—

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1,729

Total

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$

—

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$

1,729

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$

—

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$

132,129

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Fair Value Measurements at March 2, 2019

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Quoted Prices in

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Active Markets

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Significant

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Significant

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for Identical

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Observable

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Unobservable

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Assets (Level 1)

    

Inputs (Level 2)

    

Inputs (Level 3)

    

Total

Equity Securities

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International equity

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$

—

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$

—

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$

—

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$

15,396

Large Cap

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—

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—

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—

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34,058

Small-Mid Cap

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—

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—

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—

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14,534

Fixed Income

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Long Term Credit Bond Index

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—

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—

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—

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44,103

Long Term US Government Bonds

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—

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—

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—

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​

8,383

20+ Year Treasury STRIPS

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—

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​

—

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​

—

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​

847

Intermediate Fixed Income

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—

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—

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—

​

​

5,920

Other types of investments

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Short Term Investments

​

 

—

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—

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—

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1,591

Total

​

$

—

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$

—

​

$

—

​

$

124,832

Schedule of future benefit payments expected to be paid

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Defined Benefit

Fiscal Year

    

Pension Plan

2021

​

$

8,992

2022

​

 

9,025

2023

​

 

8,963

2024

​

 

9,212

2025

​

 

9,157

2026 - 2030

​

 

45,471

Total

​

$

90,820