STOCK-BASED AWARDS (Tables)

12 Months Ended

Feb. 23, 2013

The Company used the Black Scholes option pricing model to estimate the fair value of the options at grant date based upon the following assumptions:


		2013
Dividend yield		1.0 – 2.1 %
Volatility rate		42.3 – 61.2 %
Risk-free interest rate		0.4 – 0.6%
Expected option life		4.5 – 6.0 years

Stock Options Granted, Exercised and Outstanding

Stock options granted, exercised and outstanding consisted of the following:


	Shares Under Option (In thousands)			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding, February 25, 2012		18,413		$	28.90
Granted		9,370			2.54
Exercised		(9	)		2.28
Canceled and forfeited		(5,528	)		23.32

Outstanding, February 23, 2013		22,246		$	19.20		4.63	$	10,402

Vested and expected to vest in the future as of February 23, 2013		21,001		$	20.15		4.34	$	9,117
Exercisable as of February 23, 2013		13,242		$	29.73		1.69	$	113

Restricted Stock Awards Activities

Restricted stock award activity consisted of the following:


	Restricted Stock (In thousands)			Weighted Average Grant-Date Fair Value
Outstanding, February 25, 2012		444		$	17.96
Granted		1,482			6.05
Lapsed		(220	)		10.03
Canceled and forfeited		(263	)		10.19

Outstanding, February 23, 2013		1,443		$	7.83

Components of Pre-Tax Stock-Based Compensation Expense and Related Tax Benefits

The components of pre-tax stock-based compensation expense (included primarily in Selling and administrative expenses in the Consolidated Statements of Operations) and related tax benefits were as follows:


	2013			2012			2011
Stock-based compensation	$	13		$	13		$	14
Income tax benefits		(5	)		(5	)		(5	)

Stock-based compensation (net of tax)	$	8		$	8		$	9

2013 LTIP [Member]

The assumptions related to the valuation of the Company’s 2013 LTIP consisted of the following:


		2013
Dividend yield		4.1%
Volatility rate		45.8%
Risk-free interest rate		0.4%
Expected life		3.0 years

2012 LTIP [Member]

The significant assumptions relating to the valuation of the Company’s LTIP performance awards consisted of the following:


		2012
Dividend yield		0.0 – 4.6%
Volatility rate		47.0 – 51.6%
Risk-free interest rate		0.2 – 1.2%
Expected life		1.2 – 3.1 years