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Recent Accounting Pronouncements (Tables)
 6 Months Ended
Sep. 01, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The below tables set forth the adjustments to the Company’s consolidated statement of earnings and consolidated balance sheet as a result of the newly adopted revenue recognition standard.

Three months ended September 1, 2018
(In thousands)
As Reported

Balances Without Adoption of ASU 2014-09

Impact of Adoption Increase/(Decrease)






Net sales
$
2,935,018


$
2,938,169


$
(3,151
)
Cost of sales
1,946,457


1,955,773


(9,316
)
    Gross profit
988,561


982,396


6,165

Selling, general and administrative expenses
909,703


905,194


4,509

    Operating profit
78,858


77,202


1,656

Interest expense, net
14,611


14,611


—

    Earnings before provision for income taxes
64,247


62,591


1,656

Provision for income taxes
15,608


15,190


418

    Net earnings
$
48,639


$
47,401


$
1,238

Net earnings per share - Diluted
$
0.36


$
0.35


$
0.01


Six months ended September 1, 2018
(In thousands)
As Reported
 
Balances Without Adoption of ASU 2014-09

Impact of Adoption Increase/(Decrease)


 



Net sales
$
5,688,685

 
$
5,693,481


$
(4,796
)
Cost of sales
3,735,276

 
3,750,937


(15,661
)
    Gross profit
1,953,409

 
1,942,544


10,865

Selling, general and administrative expenses
1,793,322

 
1,793,348


(26
)
    Operating profit
160,087

 
149,196


10,891

Interest expense, net
31,343

 
31,343


—

    Earnings before provision for income taxes
128,744

 
117,853


10,891

Provision for income taxes
36,529

 
33,780


2,749

    Net earnings
$
92,215

 
$
84,073


$
8,142

Net earnings per share - Diluted
$
0.68

 
$
0.62


$
0.06

 
September 1, 2018
(In thousands)
As Reported
 
Balances Without Adoption of ASU 2014-09
 
Impact of Adoption Increase/(Decrease)
 
 
 
 
 
 
Assets
 
 
 
 
 
Merchandise inventories
$
2,813,588

 
$
2,815,569

 
$
(1,981
)
Prepaid expenses and other current assets
387,343

 
285,663

 
101,680

 
 
 
 
 
 
Liabilities and Shareholders' Equity
 
 
 
 
 
Accrued expenses and other current liabilities
$
748,629

 
$
642,195

 
$
106,434

Merchandise credit and gift card liabilities
329,227

 
339,883

 
(10,656
)
Retained earnings
11,386,561

 
11,382,640

 
3,921