Stock-Based Compensation (Tables)

6 Months Ended

Aug. 29, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Restricted Stock Activity

Changes in the Company’s restricted stock for the six months ended August 29, 2020 were as follows:

(Shares in thousands)	Number of Restricted Shares		Weighted Average Grant-Date Fair Value
Unvested restricted stock, beginning of period	2,445		$	35.50
Granted	95		8.09
Vested	(557	)	43.25
Forfeited	(446	)	33.40
Unvested restricted stock, end of period	1,537		$	31.61

Schedule of PSU Valuation Assumptions

The fair value of the PSUs granted in fiscal 2020 for which performance during the three-year period will be based on a relative three-year Total Shareholder Return ("TSR") goal relative to a peer group was estimated on the date of the grant using a Monte Carlo simulation that uses the assumptions noted in the following table.

	Six Months Ended
Monte Carlo Simulation Assumptions	August 29, 2020
Risk Free Interest Rate	0.27	%
Expected Dividend Yield	—	%
Expected Volatility	51.30	%
Expected Term	3 years

Share-based Compensation, Performance Stock Units Activity

Changes in the Company’s PSUs for the six months ended August 29, 2020 were as follows:

(Shares in thousands)	Number of Performance Stock Units		Weighted Average Grant-Date Fair Value
Unvested performance stock units, beginning of period	1,414		$	21.57
Granted	558		9.60
Vested	(343	)	37.50
Forfeited or performance condition adjustments	(249	)	17.96
Unvested performance stock units, end of period	1,380		$	13.40

Schedule of Share-based Compensation, Restricted Stock Units Activity

Changes in the RSUs granted as inducement awards for the six months ended August 29, 2020 were as follows:

(Shares in thousands)	Number of Restricted Stock Units		Weighted Average Grant-Date Fair Value
Unvested restricted stock units, beginning of period	579		$	13.65
Granted	816		6.33
Vested	(274	)	13.65
Forfeited	—		—
Unvested restricted stock units, end of period	1,121		$	8.32