STOCK-BASED AWARDS (Tables)

12 Months Ended

Feb. 22, 2014

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 23, 2013		22,246		$	19.20
Granted		10,083			6.58
Exercised		(3,121	)		2.29
Canceled and forfeited		(5,873	)		23.70

Outstanding, February 22, 2014		23,335		$	14.87		5.41	$	15,982

Vested and expected to vest in the future as of February 22, 2014		21,646		$	15.56		5.12	$	15,101
Exercisable as of February 22, 2014		12,050		$	23.38		2.05	$	7,340

Restricted Stock Awards Activities

Restricted stock award activity consisted of the following:


	Restricted Stock (In thousands)			Weighted Average Grant-Date Fair Value
Outstanding, February 23, 2013		1,443		$	7.83
Granted		491			6.98
Lapsed		(967	)		6.23
Canceled and forfeited		(30	)		6.08

Outstanding, February 22, 2014		937		$	9.09

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

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


	2014			2013			2012
Stock-based compensation	$	22		$	13		$	13
Income tax benefits		(8	)		(5	)		(5	)

Stock-based compensation (net of tax)	$	14		$	8		$	8

2014 LTIP [Member]

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:


	2014			2013
Dividend yield		—	%		1.0 – 2.1	%
Volatility rate		49.3 – 51.3	%		42.3 – 61.2	%
Risk-free interest rate		0.6 – 1.0	%		0.4 – 0.6	%
Expected option life		4.0 – 6.0 years			4.5 – 6.0 years

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