The Container Store Group, Inc. (TCS) 10-Q 10 Oct 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Aug. 30, 2014	Sep. 26, 2014
Document and Entity Information	'	'
Entity Registrant Name	'Container Store Group, Inc.	'
Entity Central Index Key	'0001411688	'
Document Type	'10-Q	'
Document Period End Date	30-Aug-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--02-28	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	47,979,297
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Consolidated_balance_sheets

Consolidated balance sheets (USD $)	Aug. 30, 2014	Mar. 01, 2014	Aug. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'	'
Cash	$15,298	$18,046	$12,744
Accounts receivable, net	27,732	32,273	25,013
Inventory	95,708	85,595	91,165
Prepaid expenses	9,675	14,121	10,249
Forward contracts	'	'	227
Income taxes receivable	2,257	83	2,317
Deferred tax assets, net	3,967	3,967	855
Other current assets	9,798	10,322	10,583
Total current assets	164,435	164,407	153,153
Noncurrent assets:	'	'	'
Property and equipment, net	170,562	161,431	146,372
Goodwill	202,815	202,815	202,815
Trade names	237,821	242,290	240,434
Deferred financing costs, net	8,721	9,699	10,167
Noncurrent deferred tax assets, net	1,158	1,323	1,667
Other assets	1,064	1,184	855
Total noncurrent assets	622,141	618,742	602,310
Total assets	786,576	783,149	755,463
Current liabilities:	'	'	'
Accounts payable	46,600	49,282	51,465
Accrued liabilities	56,546	60,496	51,892
Revolving lines of credit	16,779	16,033	21,215
Current portion of long-term debt	5,985	7,527	9,869
Forward contracts	486	'	'
Income taxes payable	1,305	3,474	585
Deferred tax liabilities, net	29	29	43
Total current liabilities	127,730	136,841	135,069
Noncurrent liabilities:	'	'	'
Long-term debt	343,264	327,724	361,108
Noncurrent deferred tax liabilities, net	83,555	85,442	88,228
Deferred rent and other long-term liabilities	36,469	35,956	31,492
Total noncurrent liabilities	463,288	449,122	480,828
Total liabilities	591,018	585,963	615,897
Commitments and contingencies (Note 7)	'	'	'
Shareholders' equity:	'	'	'
Common stock, $0.01 par value, 250,000,000 shares authorized, 47,979,297 shares issued and outstanding at August 30, 2014; 250,000,000 shares authorized, 47,941,180 shares issued and outstanding at March 1, 2014; 3,528,280 shares authorized, 2,942,326 shares issued and 2,928,760 shares outstanding at August 31, 2013	480	479	29
Preferred stock, $0.01 par value:	'	'	'
Additional paid-in capital	854,516	853,295	455,460
Accumulated other comprehensive (loss) income	-4,543	1,683	-569
Retained deficit	-654,895	-658,271	-314,518
Treasury stock, no shares at August 30, 2014 and March 1, 2014;14,162 shares at August 31, 2013	'	'	-840
Total shareholders' equity	195,558	197,186	139,566
Total liabilities and shareholders' equity	786,576	783,149	755,463
Senior cumulative preferred stock	'	'	'
Preferred stock, $0.01 par value:	'	'	'
Preferred stock	'	'	2
Junior cumulative preferred stock	'	'	'
Preferred stock, $0.01 par value:	'	'	'
Preferred stock	'	'	$2

Consolidated_balance_sheets_Pa

Consolidated balance sheets (Parenthetical) (USD $)	Aug. 30, 2014	Mar. 01, 2014	Aug. 31, 2013
Common stock, par value (in dollars per share)	$0.01	$0.01	$0.01
Common stock, shares authorized	250,000,000	250,000,000	3,528,280
Common stock, shares issued	47,979,297	47,941,180	2,942,326
Common stock, shares outstanding	47,979,297	47,941,180	2,928,760
Preferred stock, par value (in dollars per share)	$0.01	$0.01	$0.01
Treasury stock, shares	0	0	14,162
Senior cumulative preferred stock	'	'	'
Preferred stock, shares authorized	0	0	250,000
Preferred stock, shares issued	0	0	202,480
Preferred stock, shares outstanding	0	0	202,182
Junior cumulative preferred stock	'	'	'
Preferred stock, shares authorized	0	0	250,000
Preferred stock, shares issued	0	0	202,480
Preferred stock, shares outstanding	0	0	202,182

Consolidated_statements_of_ope

Consolidated statements of operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013	Aug. 30, 2014	Aug. 31, 2013
Consolidated statements of operations	'	'	'	'
Net sales	$193,247	$183,774	$366,685	$343,419
Cost of sales (excluding depreciation and amortization)	79,581	76,377	152,167	142,818
Gross profit	113,666	107,397	214,518	200,601
Selling, general, and administrative expenses (excluding depreciation and amortization)	90,530	85,838	181,719	169,287
Pre-opening costs	2,359	1,972	5,346	3,934
Depreciation and amortization	7,567	7,580	14,823	15,050
Restructuring charges	'	120	'	361
Other expenses	282	407	807	626
Loss on disposal of assets	114	51	214	73
Income from operations	12,814	11,429	11,609	11,270
Interest expense	4,383	5,519	8,685	11,074
Loss on extinguishment of debt	'	'	'	1,101
Income (loss) before taxes	8,431	5,910	2,924	-905
Provision (benefit) for income taxes	1,476	1,803	-452	-217
Net income (loss)	6,955	4,107	3,376	-688
Less: Distributions accumulated to preferred shareholders	'	-21,851	'	-44,150
Net income (loss) available to common shareholders	$6,955	($17,744)	$3,376	($44,838)
Net income (loss) per common share - basic (in dollars per share)	$0.14	($6.06)	$0.07	($15.31)
Net income (loss) per common share - diluted (in dollars per share)	$0.14	($6.06)	$0.07	($15.31)
Weighted-average common shares outstanding - basic (in shares)	47,976,500	2,929,165	47,961,558	2,929,468
Weighted-average common shares outstanding - diluted (in shares)	48,539,762	2,929,165	48,611,985	2,929,468

Consolidated_statements_of_com

Consolidated statements of comprehensive income (loss) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013	Aug. 30, 2014	Aug. 31, 2013
Consolidated statements of comprehensive income (loss)	'	'	'	'
Net income (loss)	$6,955	$4,107	$3,376	($688)
Unrealized loss on financial instruments, net of taxes of $238, $59, $223, and $170	-333	-176	-386	-1,121
Pension liability adjustment	59	34	120	34
Foreign currency translation adjustment	-3,158	-269	-5,960	-2,195
Comprehensive income (loss)	$3,523	$3,696	($2,850)	($3,970)

Consolidated_statements_of_com1

Consolidated statements of comprehensive income (loss) (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013	Aug. 30, 2014	Aug. 31, 2013
Consolidated statements of comprehensive income (loss)	'	'	'	'
Unrealized gain (loss) on financial instruments, taxes	$238	$59	$223	$170

Consolidated_statements_of_cas

Consolidated statements of cash flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013
Operating activities	'	'
Net income (loss)	$3,376	($688)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	'	'
Depreciation and amortization	14,823	15,050
Stock-based compensation	546	213
Excess tax benefit from stock-based compensation	-10	'
Loss on disposal of property and equipment	214	73
Deferred tax (benefit) expense	-442	79
Noncash refinancing expense	'	723
Noncash interest	978	901
Changes in operating assets and liabilities:	'	'
Accounts receivable	3,495	67
Inventory	-11,494	-9,708
Prepaid expenses and other assets	4,921	-174
Accounts payable and accrued liabilities	-1,751	5,091
Income taxes payable	-4,316	-3,865
Other noncurrent liabilities	844	1,573
Net cash provided by operating activities	11,184	9,335
Investing activities	'	'
Additions to property and equipment	-30,917	-23,049
Proceeds from sale of property and equipment	6	389
Net cash used in investing activities	-30,911	-22,660
Financing activities	'	'
Borrowings on revolving lines of credit	45,523	31,792
Payments on revolving lines of credit	-43,383	-23,579
Borrowings on long-term debt	25,015	105,500
Payments on long-term debt	-10,533	-19,771
Payment of debt issuance costs	'	-3,046
Proceeds from the exercise of stock options	664	'
Excess tax benefit from stock-based compensation	10	'
Purchase of treasury shares	'	-53
Payment of distributions to preferred shareholders	'	-90,000
Net cash provided by financing activities	17,296	843
Effect of exchange rate changes on cash	-317	-125
Net decrease in cash	-2,748	-12,607
Cash at beginning of period	18,046	25,351
Cash at end of period	$15,298	$12,744

Description_of_business_and_ba

Description of business and basis of presentation	6 Months Ended
	Aug. 30, 2014
Description of business and basis of presentation	'
Description of business and basis of presentation	'
	1.              Description of business and basis of presentation
	These financial statements should be read in conjunction with the financial statement disclosures in our Annual Report on Form 10-K for the fiscal year ended March 1, 2014, filed with the Securities and Exchange Commission on May 28, 2014. We use the same accounting policies in preparing quarterly and annual financial statements. All adjustments necessary for a fair presentation of quarterly operating results are reflected herein and are of a normal, recurring nature and include reclassifications and other adjustments, as discussed below.
	Description of business
	The Container Store, Inc. was founded in 1978 in Dallas, Texas, as a retailer with a mission to provide customers with storage and organization solutions through an assortment of innovative products and unparalleled customer service. As of August 30, 2014, The Container Store, Inc. operates 67 stores with an average size of approximately 19,000 selling square feet in 24 states and the District of Columbia. The Container Store, Inc. also offers all of its products directly to its customers through its website and call center. The Container Store, Inc.’s wholly owned Swedish subsidiary, Elfa International AB (“Elfa”) designs and manufactures component-based shelving and drawer systems and made-to-measure sliding doors. elfa® branded products are sold exclusively in the United States in The Container Store retail stores, website and call center, and Elfa sells to various retailers on a wholesale basis in approximately 30 countries around the world, with a concentration in the Nordic region of Europe. In 2007, The Container Store, Inc. was sold to The Container Store Group, Inc. (the “Company”), a holding company, of which a majority stake was purchased by Leonard Green and Partners, L.P. (“LGP”), with the remainder held by certain employees of The Container Store, Inc. On November 6, 2013, the Company completed its initial public offering (the “IPO”). Following the Company’s IPO, LGP continues to maintain a controlling interest in the ownership of the Company.
	Seasonality
	The Company’s business is moderately seasonal in nature and, therefore, the results of operations for the twenty-six weeks ended August 30, 2014 are not necessarily indicative of the operating results for the full year. Demand is generally highest in the fourth fiscal quarter due to Our Annual elfa® Sale, and lowest in the first fiscal quarter.
	Reclassifications and other adjustments
	Certain prior period amounts have been reclassified in order to provide consistent comparative information. These reclassifications do not materially impact the consolidated financial statements for the prior periods presented.
	During the quarter ended August 30, 2014, the Company determined that it was necessary to file an amended tax return for a prior period, which resulted in a $1.8 million reduction in the provision for income taxes, as well as an increase to income taxes receivable. We evaluated the impact of the adjustment and determined that the amount was immaterial to the consolidated financial statements for the current fiscal year and prior fiscal years. As such, the entire amount was recorded during the quarter ended August 30, 2014.
	Recent accounting pronouncements
	In June 2014, the FASB issued ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force). The ASU clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. Therefore, an entity would not record compensation expense (measured as of the grant date without taking into account the effect of the performance target) related to an award for which transfer to the employee is contingent on the entity’s satisfaction of a performance target until it becomes probable that the performance target will be met. The ASU does not contain any new disclosure requirements. For all entities, the ASU is effective for reporting periods beginning after December 15, 2015. Early adoption is permitted. We currently do not have share-based payment awards with performance targets, however, our 2013 Incentive Award Plan allows for these types of awards. We expect to adopt this standard in fiscal 2016 and do not expect the adoption of this standard to have a material impact on our consolidated financial statements.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, an updated standard on revenue recognition. ASU 2014-09 provides enhancements to the quality and consistency of how revenue is reported while also improving comparability in the financial statements of companies reporting using IFRS and US GAAP. The core principle of the new standard is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration (that is, payment) to which the company expects to be entitled in exchange for those goods or services. The new standard also will result in enhanced disclosures about revenue, provide guidance for transactions that were not previously addressed comprehensively (for example, service revenue and contract modifications) and improve guidance for multiple-element arrangements. ASU 2014-09 will be effective for the Company in the first quarter of fiscal 2017 and may be applied on a full retrospective or modified retrospective approach. The Company is still evaluating the impact of implementation of this standard on its financial statements.

Longterm_debt_and_revolving_li

Long-term debt and revolving lines of credit	6 Months Ended
	Aug. 30, 2014
Long-term debt and revolving lines of credit	'
Long-term debt and revolving lines of credit	'
	2.  Long-term debt and revolving lines of credit
	On April 1, 2014, Elfa entered into a master credit agreement with Nordea Bank AB (“Nordea”), which consists of a SEK 60.0 million (approximately $8.6 million as of August 30, 2014) term loan facility (the “2014 Elfa Term Loan Facility”) and a SEK 140.0 million (approximately $20.1 million as of August 30, 2014) revolving credit facility (the “2014 Elfa Revolving Credit Facility,” and together with the 2014 Elfa Term Loan Facility, the “2014 Elfa Senior Secured Credit Facilities”). The 2014 Elfa Senior Secured Credit Facilities term began on August 29, 2014 and matures on August 29, 2019, or such shorter period as provided by the agreement. Elfa is required to make quarterly principal payments under the 2014 Elfa Term Loan Facility in the amount of SEK 3.0 million (approximately $0.4 million as of August 30, 2014) through maturity. The 2014 Elfa Term Loan Facility bears interest at STIBOR + 1.7% and the 2014 Elfa Revolving Credit Facility bears interest at Nordea’s base rate + 1.4%, and these rates are applicable until August 29, 2017, at which time the interest rates may be renegotiated at the request of either party to the agreement. Should the parties fail to agree on new interest rates, Elfa has the ability to terminate the agreement on August 29, 2017, at which time all borrowings under the agreement shall be paid in full to Nordea.
	On May 13, 2014, Elfa entered into a credit facility with Nordea for SEK 15.0 million (the “Short Term Credit Facility”). The Short Term Credit Facility accrued interest at 2.53% and matured on August 28, 2014, at which time all borrowings under the agreement were paid in full to Nordea (approximately $2.2 million as of August 28, 2014). The total amount of borrowings available under the Short Term Credit Facility was used to pay a mortgage owed on the Poland manufacturing facility in full in the quarter ended May 31, 2014.

Detail_of_certain_balance_shee

Detail of certain balance sheet accounts	6 Months Ended
	Aug. 30, 2014
Detail of certain balance sheet accounts	'
Detail of certain balance sheet accounts	'
	3. Detail of certain balance sheet accounts
		August 30,	March 1,	August 31,
		2014	2014	2013
	Inventory:
	Finished goods	$89,787	$79,235	$83,758
	Raw materials	4,419	4,677	5,064
	Work in progress	1,502	1,683	2,343
		$95,708	$85,595	$91,165
	Accrued liabilities:
	Accrued payroll, benefits, and bonuses	$21,122	$23,679	$18,410
	Accrued transaction and property tax	8,806	7,949	8,515
	Gift cards and store credits outstanding	7,162	6,900	6,323
	Unearned revenue	5,375	11,338	4,486
	Accrued interest	2,530	2,481	3,877
	Other accrued liabilities	11,551	8,149	10,281
		$56,546	$60,496	$51,892

Net_income_loss_per_common_sha

Net income (loss) per common share	6 Months Ended
	Aug. 30, 2014
Net income (loss) per common share	'
Net income (loss) per common share	'
	4.  Net income (loss) per common share
	Basic net income (loss) per common share is computed as net income (loss) available to common shareholders divided by the weighted-average number of common shares outstanding for the period. Net income (loss) available to common shareholders is computed as net income (loss) less accumulated distributions to preferred shareholders for the period. Diluted net income (loss) per share is computed as net income (loss) available to common shareholders divided by the weighted-average number of common shares outstanding for the period plus common stock equivalents consisting of shares subject to stock-based awards with exercise prices less than or equal to the average market price of the Company’s common stock for the period, to the extent their inclusion would be dilutive. Potential dilutive securities are excluded from the computation of diluted net income (loss) per share if their effect is anti-dilutive.
	The following is a reconciliation of net income (loss) available to common shareholders and the number of shares used in the basic and diluted net income (loss) per share calculations:
		Thirteen Weeks Ended		Twenty-Six Weeks Ended
		August 30,	August 31,	August 30,	August 31,
		2014	2013	2014	2013
	Numerator:
	Net income (loss)	$6,955	$4,107	$3,376	($688)
	Less: Distributions accumulated to preferred shareholders	—	-21,851	—	-44,150
	Net income (loss) available to common shareholders	$6,955	($17,744)	$3,376	($44,838)
	Denominator:
	Weighted-average common shares outstanding — basic	47,976,500	2,929,165	47,961,558	2,929,468
	Weighted-average common shares outstanding — diluted	48,539,762	2,929,165	48,611,985	2,929,468
	Net income (loss) per common share - basic	$0.14	($6.06)	$0.07	($15.31)
	Net income (loss) per common share - diluted	$0.14	($6.06)	$0.07	($15.31)
	Antidilutive securities not included:
	Stock options outstanding	795,124	—	—	—

Pension_plans

Pension plans	6 Months Ended
	Aug. 30, 2014
Pension plans	'
Pension plans	'
	5.  Pension plans
	The Company provides pension benefits to the Elfa employees in Sweden under collectively bargained pension plans, which are recorded in other long-term liabilities. The defined benefit plan provides benefits for participating employees based on years of service and final salary levels at retirement. The defined benefit plans are unfunded and approximately 2% of Elfa employees are participants in the defined benefit pension plan. Certain employees also participate in defined contribution plans for which Company contributions are determined as a percentage of participant compensation. The Company recognized total net periodic benefit cost of $388 and $630 for pension plans in the thirteen weeks ended August 30, 2014 and August 31, 2013, respectively. The Company recognized total net periodic benefit cost of $1,314 and $1,460 for pension plans in the twenty-six weeks ended August 30, 2014 and August 31, 2013, respectively.

Income_taxes

Income taxes	6 Months Ended
	Aug. 30, 2014
Income taxes	'
Income taxes	'
	6.  Income taxes
	The Company’s effective income tax rate for the thirteen weeks ended August 30, 2014 was 17.5% compared to 30.5% for the thirteen weeks ended August 31, 2013. The decrease in the effective tax rate is primarily due to a $1.8 million reduction in tax expense recorded during the quarter ended August 30, 2014 primarily related to an expected refund of tax paid in a prior period, partially offset by a shift in the mix of projected domestic and foreign earnings.
	The Company’s effective income tax rate for the twenty-six weeks ended August 30, 2014 was (15.5%) compared to 24.0% for the twenty-six weeks ended August 31, 2013. The decrease in the effective tax rate is driven by a $1.8 million reduction in tax expense in fiscal 2014 primarily related to an expected refund of tax paid in a prior period, partially offset by the impact of an increase in pre-tax earnings from fiscal 2013 to fiscal 2014 and a change in mix between projected domestic and foreign earnings.

Commitments_and_contingencies

Commitments and contingencies	6 Months Ended
	Aug. 30, 2014
Commitments and contingencies	'
Commitments and contingencies	'
	7.  Commitments and contingencies
	In connection with insurance policies, The Container Store, Inc. has outstanding standby letters of credit totaling $3,136 as of August 30, 2014.
	The Company is subject to ordinary litigation and routine reviews by regulatory bodies that are incidental to its business, none of which is expected to have a material effect on the Company’s consolidated financial statements on an individual basis or in the aggregate.

Accumulated_other_comprehensiv

Accumulated other comprehensive income	6 Months Ended
	Aug. 30, 2014
Accumulated other comprehensive income	'
Accumulated other comprehensive income	'
	8.  Accumulated other comprehensive income
	Accumulated other comprehensive income (“AOCI”) consists of changes in our foreign currency forward contracts, minimum pension liability, and foreign currency translation. The components of AOCI, net of tax, are shown below for the twenty-six weeks ended August 30, 2014:
		Foreign	Minimum	Foreign	Total
		currency	pension	currency
		forward	liability	translation
		contracts
	Balance at March 1, 2014	$53	($1,153)	$2,783	$1,683
	Other comprehensive (loss) income before reclassifications, net of tax	-333	120	-5,960	-6,173
	Amounts reclassified to earnings, net of tax	-53	—	—	-53
	Net current period other comprehensive (loss) income	-386	120	-5,960	-6,226
	Balance at August 30, 2014	($333)	($1,033)	($3,177)	($4,543)
	Amounts reclassified from AOCI to earnings for the foreign currency forward contracts category are generally included in cost of sales in the Company’s consolidated statements of operations. For a description of the Company’s use of foreign currency forward contracts, refer to Note 9.

Foreign_currency_forward_contr

Foreign currency forward contracts	6 Months Ended
	Aug. 30, 2014
Foreign currency forward contracts	'
Foreign currency forward contracts	'
	9.  Foreign currency forward contracts
	The Company’s international operations and purchases of its significant product lines from foreign suppliers are subject to certain opportunities and risks, including foreign currency fluctuations. The Company utilizes foreign currency forward exchange contracts in Swedish krona to stabilize its retail gross margins and to protect its domestic operations from downward currency exposure by hedging purchases of inventory from its wholly owned subsidiary, Elfa. During the twenty-six weeks ended August 30, 2014 and August 31, 2013, the Company used forward contracts for 27.9% and 76.4% of inventory purchases in Swedish krona, respectively. All of the Company’s currency-related hedge instruments have terms from 1 to 12 months and require the Company to exchange currencies at agreed-upon rates at settlement.
	The counterparties to the contracts consist of a limited number of major domestic and international financial institutions. The Company does not hold or enter into financial instruments for trading or speculative purposes. The Company records its financial hedge instruments on a gross basis and generally does not require collateral from these counterparties because it does not expect any losses from credit exposure. The Company did not have any material financial hedge instruments that did not qualify for hedge accounting treatment as of August 30, 2014, March 1, 2014 and August 31, 2013.
	The Company records all foreign currency forward contracts on its consolidated balance sheet at fair value. Forward contracts not designated as hedges are adjusted to fair value through income. The Company accounts for its foreign currency hedge instruments as cash flow hedges, as defined. Changes in the fair value of the foreign currency hedge instruments that are considered to be effective, as defined, are recorded in other comprehensive income (loss) until the hedged item (inventory) is sold to the customer, at which time the deferred gain or loss is recognized through cost of sales. Any portion of a change in the foreign currency hedge instrument’s fair value that is considered to be ineffective, as defined, or that the Company has elected to exclude from its measurement of effectiveness, is immediately recorded in earnings as cost of sales. The Company assessed the effectiveness of the foreign currency forward contracts and determined the foreign currency forward contracts were highly effective during the twenty-six weeks ended August 30, 2014 and August 31, 2013. The Company records the fair value of its unsettled foreign currency forward contracts as cash flow hedges. The Company had $486 as of August 30, 2014 in fair value of its unsettled foreign currency forward contracts recorded as total current liabilities in the accompanying consolidated balance sheets. The Company had $227 as of August 31, 2013 in fair value of its unsettled foreign currency forward contracts recorded as total current assets in the accompanying consolidated balance sheets. As of March 1, 2014, the Company had no unsettled foreign currency forward contracts.
	The Company recorded $333 in accumulated other comprehensive loss at August 30, 2014. Of the $333, $38 represents an unrealized loss that has been recorded for settled forward contracts related to inventory on hand as of August 30, 2014. The Company expects the unrealized loss of $38, net of taxes, to be reclassified into earnings over the next 12 months as the underlying inventory is sold to the end consumer.
	The change in fair value of the Company’s foreign currency forward contracts that qualify as cash flow hedges and are included in accumulated other comprehensive income (loss), net of taxes, are presented in Note 8 of these financial statements.

Fair_value_measurements

Fair value measurements	6 Months Ended
	Aug. 30, 2014
Fair value measurements	'
Fair value measurements	'
	10.  Fair value measurements
	Under generally accepted accounting principles, the Company is required to a) measure certain assets and liabilities at fair value or b) disclose the fair values of certain assets and liabilities recorded at cost. Accounting standards define fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date. Fair value is calculated assuming the transaction occurs in the principal or most advantageous market for the asset or liability and includes consideration of non-performance risk and credit risk of both parties. Accounting standards pertaining to fair value establish a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value. These tiers include:
	·         Level 1—Valuation inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.
	·         Level 2—Valuation inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
	·         Level 3—Valuation inputs are unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques.
	As of August 30, 2014, March 1, 2014 and August 31, 2013, the Company held certain items that are required to be measured at fair value on a recurring basis. These included the nonqualified retirement plan and foreign currency forward contracts. The nonqualified retirement plan consists of investments purchased by employee contributions to retirement savings accounts. Foreign currency forward contracts are related to the Company’s attempts to hedge foreign currency fluctuation on purchases of inventory in Swedish krona. The Company’s foreign currency hedge instruments consist of over-the-counter (OTC) contracts, which are not traded on a public exchange. See Note 9 for further information on the Company’s hedging activities.
	The fair values of the nonqualified retirement plan and foreign currency forward contracts are determined based on the market approach which utilizes inputs that are readily available in public markets or can be derived from information available in publicly quoted markets for comparable assets. Therefore, the Company has categorized these items as Level 2. The Company also considers counterparty credit risk and its own credit risk in its determination of all estimated fair values. The Company has consistently applied these valuation techniques in all periods presented and believes it has obtained the most accurate information available for the types of contracts it holds.
	The following items are measured at fair value on a recurring basis, subject to the disclosure requirements of ASC 820, Fair Value Measurements:
				August 30,	March 1,	August 31,
	Description		Balance Sheet Location	2014	2014	2013
	Assets
	Nonqualified retirement plan	Level 2	Other current assets	$3,772	$3,401	$2,892
	Foreign currency hedge instruments	Level 2	Forward contracts	—	—	277
	Total assets			$3,772	$3,401	$3,169
	Liabilities
	Nonqualified retirement plan	Level 2	Accrued liabilities	3,788	3,417	2,907
	Foreign currency hedge instruments	Level 2	Forward contracts	486	—	—
	Total liabilities			$4,274	$3,417	$2,907
	The fair values of long-term debt were estimated using discounted cash flow analyses, quoted prices, as well as recent transactions for similar types of borrowing arrangements. As of August 30, 2014, March 1, 2014 and August 31, 2013, the carrying values and estimated fair values of the Company’s long-term debt, including current maturities, were:
			August 30, 2014
			Carrying	Fair
			value	value
	Senior secured term loan facility	Level 2	$326,722	$324,271
	2014 Elfa term loan facility	Level 2	8,602	8,602
	Revolving credit facility	Level 3	13,000	13,000
	Other loans	Level 3	925	925
			$349,249	$346,798
			March 1, 2014
			Carrying	Fair
			value	value
	Senior secured term loan facility	Level 2	$328,533	$330,176
	Elfa term loan facility	Level 2	1,950	1,948
	Other loans	Level 3	4,768	4,686
			$335,251	$336,810
			August 31, 2013
			Carrying	Fair
			value	value
	Senior secured term loan facility	Level 2	$361,344	$363,151
	Elfa term loan facility	Level 3	3,769	3,829
	Other loans	Level 3	5,864	5,910
			$370,977	$372,890

Segment_reporting

Segment reporting	6 Months Ended
	Aug. 30, 2014
Segment reporting	'
Segment reporting	'
	11.  Segment reporting
	The Company’s operating segments were determined on the same basis as how it evaluates the performance internally. The Company’s two operating segments consist of TCS and Elfa. The TCS segment includes the Company’s retail stores, website and call center, as well as the installation services business.
	The Elfa segment includes the manufacturing business that produces the elfa® brand products that are sold domestically exclusively through the TCS segment, as well as on a wholesale basis in approximately 30 countries around the world with a concentration in the Nordic region of Europe. The intersegment sales in the Elfa column represent elfa® product sales to the TCS segment. These sales and the related gross margin on merchandise recorded in TCS inventory balances at the end of the period are eliminated for consolidation purposes in the Corporate/Other column. The net sales to third parties in the Elfa column represent sales to customers outside of the United States.
	Amounts in the Corporate/Other column include unallocated corporate expenses and assets, intersegment eliminations and other adjustments to segment results necessary for the presentation of consolidated financial results in accordance with generally accepted accounting principles.
	In general, the Company uses the same measurements to calculate income or loss before income taxes for operating segments as it does for the consolidated company. However, interest expense related to the Senior Secured Term Loan Facility and the Revolving Credit Facility is recorded in the Corporate/Other column.
				Corporate/
	Thirteen Weeks Ended August 30, 2014	TCS	Elfa	Other	Total
	Net sales to third parties	$174,814	$18,433	$—	$193,247
	Intersegment sales	—	12,680	-12,680	—
	Interest expense, net	5	246	4,132	4,383
	Income (loss) before taxes	15,441	-213	-6,797	8,431
	Assets(1)	628,971	130,061	27,544	786,576
				Corporate/
	Thirteen Weeks Ended August 31, 2013	TCS	Elfa	Other	Total
	Net sales to third parties	$165,320	$18,454	$—	$183,774
	Intersegment sales	—	11,651	-11,651	—
	Interest expense, net	15	195	5,309	5,519
	Income (loss) before taxes	14,236	-225	-8,101	5,910
	Assets(1)	593,542	135,554	26,367	755,463
				Corporate/
	Twenty-Six Weeks Ended August 30, 2014	TCS	Elfa	Other	Total
	Net sales to third parties	$324,543	$42,142	$—	$366,685
	Intersegment sales	—	21,148	-21,148	—
	Interest expense, net	12	407	8,266	8,685
	Income (loss) before taxes	15,339	38	-12,453	2,924
	Assets(1)	628,971	130,061	27,544	786,576
				Corporate/
	Twenty-Six Weeks Ended August 31, 2013	TCS	Elfa	Other	Total
	Net sales to third parties	$302,799	$40,620	$—	$343,419
	Intersegment sales	—	19,960	-19,960	—
	Interest expense, net	32	435	10,607	11,074
	Income (loss) before taxes(2)	16,958	-1,375	-16,488	-905
	Assets(1)	593,542	135,554	26,367	755,463
	(1)     Tangible assets in the Elfa column are located outside of the United States. Assets in Corporate/Other include assets located in the corporate headquarters and distribution center. Assets in Corporate/Other also include deferred tax assets and the fair value of forward contracts.
	(2)     The Corporate/Other column includes $1,101 loss on extinguishment of debt during the twenty-six weeks ended August 31, 2013.

Subsequent_Event

Subsequent Event	6 Months Ended
	Aug. 30, 2014
Subsequent Event	'
Subsequent Event	'
	12.  Subsequent Event
	On October 3, 2014, the Company completed the sale of a Norwegian subsidiary, whose primary asset was a manufacturing facility that was shut down and consolidated into a like facility in Sweden as part of Elfa’s restructuring efforts in fiscal 2012. The Company received proceeds of approximately $4.2 million and recorded a gain on the sale of this subsidiary of approximately $3.3 million in the third quarter of fiscal 2014.

Detail_of_certain_balance_shee1

Detail of certain balance sheet accounts (Tables)	6 Months Ended
	Aug. 30, 2014
Detail of certain balance sheet accounts	'
Schedule of detail of certain balance sheet accounts	'
		August 30,	March 1,	August 31,
		2014	2014	2013
	Inventory:
	Finished goods	$89,787	$79,235	$83,758
	Raw materials	4,419	4,677	5,064
	Work in progress	1,502	1,683	2,343
		$95,708	$85,595	$91,165
	Accrued liabilities:
	Accrued payroll, benefits, and bonuses	$21,122	$23,679	$18,410
	Accrued transaction and property tax	8,806	7,949	8,515
	Gift cards and store credits outstanding	7,162	6,900	6,323
	Unearned revenue	5,375	11,338	4,486
	Accrued interest	2,530	2,481	3,877
	Other accrued liabilities	11,551	8,149	10,281
		$56,546	$60,496	$51,892

Net_income_loss_per_common_sha1

Net income (loss) per common share (Tables)	6 Months Ended
	Aug. 30, 2014
Net income (loss) per common share	'
Schedule of reconciliation of net income (loss) available to common shareholders and the number of shares used in the basic and diluted net income (loss) per share calculations	'
		Thirteen Weeks Ended		Twenty-Six Weeks Ended
		August 30,	August 31,	August 30,	August 31,
		2014	2013	2014	2013
	Numerator:
	Net income (loss)	$6,955	$4,107	$3,376	($688)
	Less: Distributions accumulated to preferred shareholders	—	-21,851	—	-44,150
	Net income (loss) available to common shareholders	$6,955	($17,744)	$3,376	($44,838)
	Denominator:
	Weighted-average common shares outstanding — basic	47,976,500	2,929,165	47,961,558	2,929,468
	Weighted-average common shares outstanding — diluted	48,539,762	2,929,165	48,611,985	2,929,468
	Net income (loss) per common share - basic	$0.14	($6.06)	$0.07	($15.31)
	Net income (loss) per common share - diluted	$0.14	($6.06)	$0.07	($15.31)
	Antidilutive securities not included:
	Stock options outstanding	795,124	—	—	—

Accumulated_other_comprehensiv1

Accumulated other comprehensive income (Tables)	6 Months Ended
	Aug. 30, 2014
Accumulated other comprehensive income	'
Schedule of components of AOCI, net of tax	'
		Foreign	Minimum	Foreign	Total
		currency	pension	currency
		forward	liability	translation
		contracts
	Balance at March 1, 2014	$53	($1,153)	$2,783	$1,683
	Other comprehensive (loss) income before reclassifications, net of tax	-333	120	-5,960	-6,173
	Amounts reclassified to earnings, net of tax	-53	—	—	-53
	Net current period other comprehensive (loss) income	-386	120	-5,960	-6,226
	Balance at August 30, 2014	($333)	($1,033)	($3,177)	($4,543)

Fair_value_measurements_Tables

Fair value measurements (Tables)	6 Months Ended
	Aug. 30, 2014
Fair value measurements	'
Schedule of items measured at fair value on a recurring basis, subject to the disclosure requirements of ASC 820	'
				August 30,	March 1,	August 31,
	Description		Balance Sheet Location	2014	2014	2013
	Assets
	Nonqualified retirement plan	Level 2	Other current assets	$3,772	$3,401	$2,892
	Foreign currency hedge instruments	Level 2	Forward contracts	—	—	277
	Total assets			$3,772	$3,401	$3,169
	Liabilities
	Nonqualified retirement plan	Level 2	Accrued liabilities	3,788	3,417	2,907
	Foreign currency hedge instruments	Level 2	Forward contracts	486	—	—
	Total liabilities			$4,274	$3,417	$2,907
Schedule of carrying values and estimated fair values of the Company's long-term debt, including current maturities	'
			August 30, 2014
			Carrying	Fair
			value	value
	Senior secured term loan facility	Level 2	$326,722	$324,271
	2014 Elfa term loan facility	Level 2	8,602	8,602
	Revolving credit facility	Level 3	13,000	13,000
	Other loans	Level 3	925	925
			$349,249	$346,798
			March 1, 2014
			Carrying	Fair
			value	value
	Senior secured term loan facility	Level 2	$328,533	$330,176
	Elfa term loan facility	Level 2	1,950	1,948
	Other loans	Level 3	4,768	4,686
			$335,251	$336,810
			August 31, 2013
			Carrying	Fair
			value	value
	Senior secured term loan facility	Level 2	$361,344	$363,151
	Elfa term loan facility	Level 3	3,769	3,829
	Other loans	Level 3	5,864	5,910
			$370,977	$372,890

Segment_reporting_Tables

Segment reporting (Tables)	6 Months Ended
	Aug. 30, 2014
Segment reporting	'
Schedule of segment reporting	'
				Corporate/
	Thirteen Weeks Ended August 30, 2014	TCS	Elfa	Other	Total
	Net sales to third parties	$174,814	$18,433	$—	$193,247
	Intersegment sales	—	12,680	-12,680	—
	Interest expense, net	5	246	4,132	4,383
	Income (loss) before taxes	15,441	-213	-6,797	8,431
	Assets(1)	628,971	130,061	27,544	786,576
				Corporate/
	Thirteen Weeks Ended August 31, 2013	TCS	Elfa	Other	Total
	Net sales to third parties	$165,320	$18,454	$—	$183,774
	Intersegment sales	—	11,651	-11,651	—
	Interest expense, net	15	195	5,309	5,519
	Income (loss) before taxes	14,236	-225	-8,101	5,910
	Assets(1)	593,542	135,554	26,367	755,463
				Corporate/
	Twenty-Six Weeks Ended August 30, 2014	TCS	Elfa	Other	Total
	Net sales to third parties	$324,543	$42,142	$—	$366,685
	Intersegment sales	—	21,148	-21,148	—
	Interest expense, net	12	407	8,266	8,685
	Income (loss) before taxes	15,339	38	-12,453	2,924
	Assets(1)	628,971	130,061	27,544	786,576
				Corporate/
	Twenty-Six Weeks Ended August 31, 2013	TCS	Elfa	Other	Total
	Net sales to third parties	$302,799	$40,620	$—	$343,419
	Intersegment sales	—	19,960	-19,960	—
	Interest expense, net	32	435	10,607	11,074
	Income (loss) before taxes(2)	16,958	-1,375	-16,488	-905
	Assets(1)	593,542	135,554	26,367	755,463
	(1)     Tangible assets in the Elfa column are located outside of the United States. Assets in Corporate/Other include assets located in the corporate headquarters and distribution center. Assets in Corporate/Other also include deferred tax assets and the fair value of forward contracts.
	(2)     The Corporate/Other column includes $1,101 loss on extinguishment of debt during the twenty-six weeks ended August 31, 2013.

Description_of_business_and_ba1

Description of business and basis of presentation (Details) (USD $)	3 Months Ended	6 Months Ended
In Millions, unless otherwise specified	Aug. 30, 2014	Aug. 30, 2014
	item	item
	sqft	sqft
Description of business and basis of presentation	'	'
Number of stores	67	67
Average selling square feet in stores (in square feet)	19,000	19,000
Number of states	24	24
Reclassifications and other adjustments	'	'
Reduction in provision for income taxes and increase to income taxes receivable resulting from an amended tax return for a prior period	$1.80	$1.80
Elfa | Elfa	'	'
Description of business	'	'
Number of countries in which products are sold on wholesale basis	'	30

Longterm_debt_and_revolving_li1

Long-term debt and revolving lines of credit (Details)	6 Months Ended		0 Months Ended	6 Months Ended				0 Months Ended		6 Months Ended	0 Months Ended
	Aug. 30, 2014	Aug. 31, 2013	Aug. 28, 2014	Aug. 30, 2014	13-May-14	Aug. 30, 2014	Apr. 01, 2014	Apr. 01, 2014	Apr. 01, 2014	Aug. 30, 2014	Apr. 01, 2014
	USD ($)	USD ($)	Short Term Credit Facility	Short Term Credit Facility	Short Term Credit Facility	2014 Elfa Revolving Credit Facility	2014 Elfa Revolving Credit Facility	2014 Elfa Revolving Credit Facility	2014 Elfa Term Loan Facility	2014 Elfa Term Loan Facility	2014 Elfa Term Loan Facility
			Elfa	Elfa	Elfa	Elfa	Elfa	Elfa	Elfa	Elfa	Elfa
			USD ($)		SEK	USD ($)	SEK	Nordea's base rate	SEK	USD ($)	STIBOR
Long-term debt and revolving lines of credit	'	'	'	'	'	'	'	'	'	'	'
Face amount	'	'	'	'	'	'	'	'	60,000,000	$8,600,000	'
Quarterly principal payments	'	'	'	'	'	'	'	'	3,000,000	400,000	'
Maximum borrowing capacity	'	'	'	'	15,000,000	20,100,000	140,000,000	'	'	'	'
Reference rate	'	'	'	'	'	'	'	'Nordea's base rate	'	'	'STIBOR
Interest rate margin (as a percent)	'	'	'	'	'	'	'	1.40%	'	'	1.70%
Interest rate (as a percent)	'	'	'	2.53%	'	'	'	'	'	'	'
Payments of borrowings under the agreement	$43,383,000	$23,579,000	$2,200,000	'	'	'	'	'	'	'	'

Detail_of_certain_balance_shee2

Detail of certain balance sheet accounts (Details) (USD $)	Aug. 30, 2014	Mar. 01, 2014	Aug. 31, 2013
In Thousands, unless otherwise specified
Inventory:	'	'	'
Finished goods	$89,787	$79,235	$83,758
Raw materials	4,419	4,677	5,064
Work in progress	1,502	1,683	2,343
Inventory	95,708	85,595	91,165
Accrued Liabilities:	'	'	'
Accrued payroll, benefits and bonuses	21,122	23,679	18,410
Accrued transaction and property tax	8,806	7,949	8,515
Gift cards and store credits outstanding	7,162	6,900	6,323
Unearned revenue	5,375	11,338	4,486
Accrued interest	2,530	2,481	3,877
Other accrued liabilities	11,551	8,149	10,281
Accrued Liabilities	$56,546	$60,496	$51,892

Net_income_loss_per_common_sha2

Net income (loss) per common share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013	Aug. 30, 2014	Aug. 31, 2013
Numerator:	'	'	'	'
Net income (loss)	$6,955	$4,107	$3,376	($688)
Less: Distributions accumulated to preferred shareholders	'	-21,851	'	-44,150
Net income (loss) available to common shareholders	$6,955	($17,744)	$3,376	($44,838)
Denominator:	'	'	'	'
Weighted-average common shares outstanding - basic	47,976,500	2,929,165	47,961,558	2,929,468
Weighted-average common shares outstanding - diluted	48,539,762	2,929,165	48,611,985	2,929,468
Net income (loss) per common share - basic (in dollars per share)	$0.14	($6.06)	$0.07	($15.31)
Net income (loss) per common share - diluted (in dollars per share)	$0.14	($6.06)	$0.07	($15.31)
Antidilutive securities not included:	'	'	'	'
Stock options outstanding	795,124	'	'	'

Pension_plans_Details

Pension plans (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013	Aug. 30, 2014	Aug. 31, 2013
Employee benefit plans	'	'	'	'
Total net periodic benefit cost	$388	$630	$1,314	$1,460
Elfa	'	'	'	'
Employee benefit plans	'	'	'	'
Percentage of employees who are plan participants	'	'	2.00%	'

Income_taxes_Details

Income taxes (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013	Aug. 30, 2014	Aug. 31, 2013
Income taxes	'	'	'	'
Effective income tax rate (as a percent)	17.50%	30.50%	-15.50%	24.00%
Reduction in tax expense recorded	$1.80	'	$1.80	'

Commitments_and_contingencies_

Commitments and contingencies (Details) (Standby letters of credit, USD $)	Aug. 30, 2014
In Thousands, unless otherwise specified
Standby letters of credit	'
Commitments and contingencies	'
Amount outstanding	$3,136

Accumulated_other_comprehensiv2

Accumulated other comprehensive income (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013
Rollforward of the amounts included in AOCI, net of taxes	'	'
Balance at the beginning of the period	$1,683	($569)
Other comprehensive (loss) income before reclassifications, net of tax	-6,173	'
Amounts reclassified to earnings, net of tax	-53	'
Net current period other comprehensive (loss) income	-6,226	'
Balance at the end of the period	-4,543	-569
Minimum pension liability	'	'
Rollforward of the amounts included in AOCI, net of taxes	'	'
Balance at the beginning of the period	-1,153	'
Other comprehensive (loss) income before reclassifications, net of tax	120	'
Net current period other comprehensive (loss) income	120	'
Balance at the end of the period	-1,033	'
Foreign currency translation	'	'
Rollforward of the amounts included in AOCI, net of taxes	'	'
Balance at the beginning of the period	2,783	'
Other comprehensive (loss) income before reclassifications, net of tax	-5,960	'
Net current period other comprehensive (loss) income	-5,960	'
Balance at the end of the period	-3,177	'
Foreign currency forward contracts	'	'
Rollforward of the amounts included in AOCI, net of taxes	'	'
Balance at the beginning of the period	53	'
Other comprehensive (loss) income before reclassifications, net of tax	-333	'
Amounts reclassified to earnings, net of tax	-53	'
Net current period other comprehensive (loss) income	-386	'
Balance at the end of the period	($333)	'

Foreign_currency_forward_contr1

Foreign currency forward contracts (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013	Mar. 01, 2014
			item
Foreign currency forward contracts	'	'	'
Purchase of inventory from use of forward contracts in Swedish krona (as a percent)	27.90%	76.40%	'
Minimum term period of currency-related hedge instruments	'1 month	'	'
Maximum term period of currency-related hedge instruments	'12 months	'	'
Fair value of unsettled foreign currency forward contracts recorded as cash flow hedges	$486	'	'
Total current assets, as a result of recording fair value of unsettled foreign currency forward contracts as cash flow hedges	'	227	'
Number of unsettled foreign currency forward contracts	'	'	0
Accumulated other comprehensive loss	333	'	'
Unrealized loss that have been recorded for settled forward contracts related to inventory on hand	38	'	'
Unrealized loss to be reclassified into earnings over the next 12 months	$38	'	'

Fair_value_measurements_Detail

Fair value measurements (Details) (Recurring, USD $)	Aug. 30, 2014	Mar. 01, 2014	Aug. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'	'
Total assets	$3,772	$3,401	$3,169
Liabilities	'	'	'
Total liabilities	4,274	3,417	2,907
Level 2 | Other current assets	'	'	'
Assets	'	'	'
Nonqualified retirement plan	3,772	3,401	2,892
Level 2 | Forward contracts	'	'	'
Assets	'	'	'
Foreign currency hedge instruments	'	'	277
Liabilities	'	'	'
Foreign currency hedge instruments	486	'	'
Level 2 | Accrued liabilities	'	'	'
Liabilities	'	'	'
Nonqualified retirement plan	$3,788	$3,417	$2,907

Fair_value_measurements_Detail1

Fair value measurements (Details 2) (USD $)	Aug. 30, 2014	Mar. 01, 2014	Aug. 31, 2013
In Thousands, unless otherwise specified
Carrying value	'	'	'
Fair value measurements	'	'	'
Fair value	$349,249	$335,251	$370,977
Fair value	'	'	'
Fair value measurements	'	'	'
Fair value	346,798	336,810	372,890
Level 2 | Carrying value | Elfa | Elfa term loan facility	'	'	'
Fair value measurements	'	'	'
Fair value	'	1,950	'
Level 2 | Carrying value | Elfa | 2014 Elfa term loan facility	'	'	'
Fair value measurements	'	'	'
Fair value	8,602	'	'
Level 2 | Carrying value | Senior secured term loan facility	'	'	'
Fair value measurements	'	'	'
Fair value	326,722	328,533	361,344
Level 2 | Fair value | Elfa | Elfa term loan facility	'	'	'
Fair value measurements	'	'	'
Fair value	'	1,948	'
Level 2 | Fair value | Elfa | 2014 Elfa term loan facility	'	'	'
Fair value measurements	'	'	'
Fair value	8,602	'	'
Level 2 | Fair value | Senior secured term loan facility	'	'	'
Fair value measurements	'	'	'
Fair value	324,271	330,176	363,151
Level 3 | Carrying value | Revolving Credit Facility	'	'	'
Fair value measurements	'	'	'
Fair value	13,000	'	'
Level 3 | Carrying value | Elfa | Elfa term loan facility	'	'	'
Fair value measurements	'	'	'
Fair value	'	'	3,769
Level 3 | Carrying value | Other loans	'	'	'
Fair value measurements	'	'	'
Fair value	925	4,768	5,864
Level 3 | Fair value | Revolving Credit Facility	'	'	'
Fair value measurements	'	'	'
Fair value	13,000	'	'
Level 3 | Fair value | Elfa | Elfa term loan facility	'	'	'
Fair value measurements	'	'	'
Fair value	'	'	3,829
Level 3 | Fair value | Other loans	'	'	'
Fair value measurements	'	'	'
Fair value	$925	$4,686	$5,910

Segment_reporting_Details

Segment reporting (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 30, 2014	Aug. 31, 2013	Aug. 30, 2014	Aug. 31, 2013	Mar. 01, 2014
			segment
Segment reporting	'	'	'	'	'
Number of reportable segments	'	'	2	'	'
Segment reporting	'	'	'	'	'
Sales	$193,247	$183,774	$366,685	$343,419	'
Interest expense, net	4,383	5,519	8,685	11,074	'
Income (loss) before taxes	8,431	5,910	2,924	-905	'
Assets(1)	786,576	755,463	786,576	755,463	783,149
Loss on extinguishment of debt	'	'	'	1,101	'
Operating segments | TCS	'	'	'	'	'
Segment reporting	'	'	'	'	'
Sales	174,814	165,320	324,543	302,799	'
Interest expense, net	5	15	12	32	'
Income (loss) before taxes	15,441	14,236	15,339	16,958	'
Assets(1)	628,971	593,542	628,971	593,542	'
Operating segments | Elfa	'	'	'	'	'
Segment reporting	'	'	'	'	'
Sales	18,433	18,454	42,142	40,620	'
Interest expense, net	246	195	407	435	'
Income (loss) before taxes	-213	-225	38	-1,375	'
Assets(1)	130,061	135,554	130,061	135,554	'
Corporate/other	'	'	'	'	'
Segment reporting	'	'	'	'	'
Interest expense, net	4,132	5,309	8,266	10,607	'
Income (loss) before taxes	-6,797	-8,101	-12,453	-16,488	'
Assets(1)	27,544	26,367	27,544	26,367	'
Loss on extinguishment of debt	'	'	'	1,101	'
lntersegment	'	'	'	'	'
Segment reporting	'	'	'	'	'
Sales	-12,680	-11,651	-21,148	-19,960	'
lntersegment | Elfa	'	'	'	'	'
Segment reporting	'	'	'	'	'
Sales	$12,680	$11,651	$21,148	$19,960	'
Elfa | Elfa	'	'	'	'	'
Segment reporting	'	'	'	'	'
Number of countries in which products are sold on wholesale basis	'	'	30	'	'

Subsequent_Event_Details

Subsequent Event (Details) (Subsequent events, Norwegian subsidiary, USD $)	3 Months Ended
In Millions, unless otherwise specified	Nov. 29, 2014
Subsequent events | Norwegian subsidiary	'
Subsequent event	'
Proceeds from sale of subsidiary	$4.20
Gain on sale of subsidiary	$3.30