The Container Store Group, Inc. (TCS) 10-Q 9 Jan 15 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Nov. 29, 2014	Dec. 26, 2014
Document and Entity Information
Entity Registrant Name	Container Store Group, Inc.
Entity Central Index Key	1411688
Document Type	10-Q
Document Period End Date	29-Nov-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-26
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		47,981,512
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3

Consolidated_balance_sheets

Consolidated balance sheets (USD $)	Nov. 29, 2014	Mar. 01, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Current assets:
Cash	$13,965	$18,046	$10,822
Accounts receivable, net	24,036	32,273	28,088
Inventory	103,850	85,595	105,124
Prepaid expenses	9,259	14,121	9,049
Income taxes receivable	3,205	83	1,949
Deferred tax assets, net	3,967	3,967	855
Other current assets	14,589	10,322	13,394
Total current assets	172,871	164,407	169,281
Noncurrent assets:
Property and equipment, net	168,859	161,431	150,142
Goodwill	202,815	202,815	202,815
Trade names	234,557	242,290	241,138
Deferred financing costs, net	8,231	9,699	10,188
Noncurrent deferred tax assets, net	1,055	1,323	1,667
Other assets	1,178	1,184	841
Total noncurrent assets	616,695	618,742	606,791
Total assets	789,566	783,149	776,072
Current liabilities:
Accounts payable	50,163	49,282	54,489
Accrued liabilities	54,196	58,744	49,646
Revolving lines of credit	10,250	16,033	16,679
Current portion of long-term debt	5,332	7,527	8,975
Forward contracts	641
Income taxes payable	1,377	3,474	496
Deferred tax liabilities, net	29	29	43
Total current liabilities	121,988	135,089	130,328
Noncurrent liabilities:
Long-term debt	348,489	327,724	342,863
Noncurrent deferred tax liabilities, net	84,101	85,442	90,906
Deferred rent and other long-term liabilities	38,657	37,708	34,693
Total noncurrent liabilities	471,247	450,874	468,462
Total liabilities	593,235	585,963	598,790
Commitments and contingencies (Note 7)
Shareholders' equity:
Common stock, $0.01 par value, 250,000,000 shares authorized, 47,981,512 shares issued and outstanding at November 29, 2014; 47,941,180 shares issued and outstanding at March 1, 2014; 47,922,842 shares issued and outstanding at November 30, 2013	480	479	479
Additional paid-in capital	855,038	853,295	852,698
Accumulated other comprehensive (loss) income	-10,541	1,683	716
Retained deficit	-648,646	-658,271	-676,611
Total shareholders' equity	196,331	197,186	177,282
Total liabilities and shareholders' equity	$789,566	$783,149	$776,072

Consolidated_balance_sheets_Pa

Consolidated balance sheets (Parenthetical) (USD $)	Nov. 29, 2014	Mar. 01, 2014	Nov. 30, 2013
Consolidated balance sheets
Common stock, par value (in dollars per share)	$0.01	$0.01	$0.01
Common stock, shares authorized	250,000,000	250,000,000	250,000,000
Common stock, shares issued	47,981,512	47,941,180	47,922,842
Common stock, shares outstanding	47,981,512	47,941,180	47,922,842

Consolidated_statements_of_ope

Consolidated statements of operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013	Nov. 29, 2014	Nov. 30, 2013
Consolidated statements of operations
Net sales	$190,922	$188,298	$557,607	$531,716
Cost of sales (excluding depreciation and amortization)	77,063	75,359	229,230	218,176
Gross profit	113,859	112,939	328,377	313,540
Selling, general, and administrative expenses (excluding depreciation and amortization)	93,842	88,797	275,015	257,870
Stock-based compensation	404	14,641	950	14,854
Pre-opening costs	1,597	1,827	6,943	5,761
Depreciation and amortization	7,776	7,569	22,599	22,620
Restructuring charges		111		472
Other expenses	363	869	1,170	1,495
(Gain) loss on disposal of assets	-3,879	-4	-3,665	70
Income (loss) from operations	13,756	-871	25,365	10,398
Interest expense	4,265	5,782	12,950	16,856
Loss on extinguishment of debt		128		1,229
Income (loss) before taxes	9,491	-6,781	12,415	-7,687
Provision for income taxes	3,242	2,705	2,790	2,487
Net income (loss)	6,249	-9,486	9,625	-10,174
Less: Distributions accumulated to preferred shareholders		-15,597		-59,747
Net income (loss) available to common shareholders	$6,249	($25,083)	$9,625	($69,921)
Net income (loss) per common share - basic (in dollars per share)	$0.13	($1.39)	$0.20	($8.78)
Net income (loss) per common share - diluted (in dollars per share)	$0.13	($1.39)	$0.20	($8.78)
Weighted-average common shares outstanding - basic (in shares)	47,979,581	18,036,633	47,967,566	7,965,089
Weighted-average common shares outstanding - diluted (in shares)	48,432,143	18,036,633	48,555,828	7,965,089

Consolidated_statements_of_com

Consolidated statements of comprehensive income (loss) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013	Nov. 29, 2014	Nov. 30, 2013
Consolidated statements of comprehensive income (loss)
Net income (loss)	$6,249	($9,486)	$9,625	($10,174)
Unrealized (loss) gain on financial instruments, net of tax (benefit) provision of ($361), $171, $(584) and $0	-560	17	-946	-1,104
Pension liability adjustment	87	-16	207	18
Foreign currency translation adjustment	-5,525	1,283	-11,485	-911
Comprehensive income (loss)	$251	($8,202)	($2,599)	($12,171)

Consolidated_statements_of_com1

Consolidated statements of comprehensive income (loss) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013	Nov. 29, 2014	Nov. 30, 2013
Consolidated statements of comprehensive income (loss)
Unrealized gain (loss) on financial instruments, taxes	($361)	$171	($584)	$0

Consolidated_statements_of_cas

Consolidated statements of cash flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013
Operating activities
Net income (loss)	$9,625	($10,174)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	22,599	22,620
Stock-based compensation	950	14,854
Excess tax benefit from stock-based compensation	-90
(Gain) loss on disposal of assets	-3,665	70
Deferred tax expense	1,249	1,540
Noncash refinancing expense		851
Noncash interest	1,467	1,367
Other noncash items		86
Changes in operating assets and liabilities:
Accounts receivable	5,101	-2,667
Inventory	-21,048	-22,748
Prepaid expenses and other assets	-460	-903
Accounts payable and accrued liabilities	3,149	4,903
Income taxes	-4,660	-3,134
Other noncurrent liabilities	1,447	3,981
Net cash used in operating activities	15,664	10,646
Investing activities
Additions to property and equipment	-40,359	-32,563
Proceeds from sale of subsidiary, net	3,846
Proceeds from sale of property and equipment	935	408
Net cash used in investing activities	-35,578	-32,155
Financing activities
Borrowings on revolving lines of credit	60,374	50,098
Payments on revolving lines of credit	-64,223	-46,694
Borrowings on long-term debt	34,748	120,000
Payments on long-term debt	-15,319	-53,580
Payment of debt issuance costs		-3,662
Proceeds from the exercise of stock options	704
Excess tax benefit from stock-based compensation	90
Proceeds from issuance of common stock, net		237,021
Purchase of treasury shares		-53
Payment of distributions to preferred shareholders		-295,826
Net cash provided by financing activities	16,374	7,304
Effect of exchange rate changes on cash	-541	-324
Net decrease in cash	-4,081	-14,529
Cash at beginning of period	18,046	25,351
Cash at end of period	13,965	10,822
Supplemental information for non-cash financing activities:
Exchange of outstanding preferred share for common shares		$551,145

Description_of_business_and_ba

Description of business and basis of presentation	9 Months Ended
	Nov. 29, 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 November 29, 2014, The Container Store, Inc. operates 69 stores with an average size of approximately 19,000 selling square feet in 25 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 thirty-nine weeks ended November 29, 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 second quarter of fiscal 2014, the Company determined that it was necessary to file an amended tax return for a prior period, which resulted in a $1,839 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 second quarter of fiscal 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	9 Months Ended
	Nov. 29, 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 $8,049 as of November 29, 2014) term loan facility (the “2014 Elfa Term Loan Facility”) and a SEK 140.0 million (approximately $18,781 as of November 29, 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 $402 as of November 29, 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 $2,152 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	9 Months Ended
	Nov. 29, 2014
Detail of certain balance sheet accounts
Detail of certain balance sheet accounts	3. Detail of certain balance sheet accounts
		November 29,	March 1,	November 30,
		2014	2014	2013
	Inventory:
	Finished goods	$	$	$
		98,460	79,235	98,495
	Raw materials	4,260	4,677	5,011
	Work in progress	1,130	1,683	1,618
		$	$	$
		103,850	85,595	105,124
	Accrued liabilities:
	Accrued payroll, benefits, and bonuses	$	$	$
		17,865	21,927	17,486
	Accrued transaction and property tax	11,083	7,949	10,690
	Gift cards and store credits outstanding	8,192	6,900	7,206
	Unearned revenue	3,649	11,338	2,885
	Accrued interest	2,451	2,481	514
	Other accrued liabilities	10,956	8,149	10,865
		$	$	$
		54,196	58,744	49,646

Net_income_loss_per_common_sha

Net income (loss) per common share	9 Months Ended
	Nov. 29, 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		Thirty-Nine Weeks Ended
		November 29,	November 30,	November 29,	November 30,
		2014	2013	2014	2013
	Numerator:
	Net income (loss)	$	$	$	$
		6,249	-9,486	9,625	-10,174
	Less: Distributions accumulated to preferred shareholders	—	-15,597	—	-59,747
	Net income (loss) available to common shareholders	$	$	$	$
		6,249	-25,083	9,625	-69,921
	Denominator:
	Weighted-average common shares outstanding — basic	47,979,581	18,036,633	47,967,566	7,965,089
	Weighted-average common shares outstanding — diluted	48,432,143	18,036,633	48,555,828	7,965,089
	Net income (loss) per common share - basic	$	$	$	$
		0.13	-1.39	0.20	-8.78
	Net income (loss) per common share - diluted	$	$	$	$
		0.13	-1.39	0.20	-8.78
	Antidilutive securities not included:
	Stock options outstanding	843,581	319,190	812,886	140,527

Pension_plans

Pension plans	9 Months Ended
	Nov. 29, 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 $893 and $657 for pension plans in the thirteen weeks ended November 29, 2014 and November 30, 2013, respectively. The Company recognized total net periodic benefit cost of $2,207 and $2,117 for pension plans in the thirty-nine weeks ended November 29, 2014 and November 30, 2013, respectively.

Income_taxes

Income taxes	9 Months Ended
	Nov. 29, 2014
Income taxes
Income taxes	6.  Income taxes
	The Company’s effective income tax rate for the thirteen weeks ended November 29, 2014 was 34.2% compared to (39.9%) for the thirteen weeks ended November 30, 2013. In the third quarter of fiscal 2013, a pre-tax loss was offset by non-deductible costs related to the IPO, creating taxable income and generating a negative effective tax rate. In the third quarter of fiscal 2014, pre-tax income generated a positive effective tax rate. A $3,270 non-taxable gain on the sale of a Norwegian subsidiary was the primary driver in reducing the quarterly effective income tax rate below the statutory rate in fiscal 2014.
	The Company’s effective income tax rate for the thirty-nine weeks ended November 29, 2014 was 22.5% compared to (32.4%) for the thirty-nine weeks ended November 30, 2013. In the thirty-nine weeks ended November 30, 2013, a pre-tax loss was offset by non-deductible costs related to the IPO, creating taxable income and generating a negative effective tax rate. In the thirty-nine weeks ended November 29, 2014, the effective tax rate fell below the statutory rate due to a $1,839 reduction in tax expense primarily related to an expected refund of tax paid in a prior period, a $3,270 non-taxable gain on the sale of a Norwegian subsidiary, and a change in mix between projected domestic and foreign earnings.

Commitments_and_contingencies

Commitments and contingencies	9 Months Ended
	Nov. 29, 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 November 29, 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	9 Months Ended
	Nov. 29, 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 thirty-nine weeks ended November 29, 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	-905	207	-11,485	-12,183
	Amounts reclassified to earnings, net of tax	-41	—	—	-41
	Net current period other comprehensive (loss) income	-946	207	-11,485	-12,224
	Balance at November 29, 2014	$	$	$	$
		-893	-946	-8,702	-10,541
	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	9 Months Ended
	Nov. 29, 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 thirty-nine weeks ended November 29, 2014 and November 30, 2013, the Company used forward contracts for 49% and 87% 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 November 29, 2014, March 1, 2014 and November 30, 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 thirty-nine weeks ended November 29, 2014 and November 30, 2013. The Company records the fair value of its unsettled foreign currency forward contracts as cash flow hedges. The Company had $641 as of November 29, 2014 in fair value of its unsettled foreign currency forward contracts recorded as total current liabilities in the accompanying consolidated balance sheets. As of March 1, 2014 and November 30, 2013, the Company had no unsettled foreign currency forward contracts.
	The Company recorded $893 in accumulated other comprehensive loss at November 29, 2014. Of the $893, $503 represents an unrealized loss that has been recorded for settled forward contracts related to inventory on hand as of November 29, 2014. The Company expects the unrealized loss of $503, 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	9 Months Ended
	Nov. 29, 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 November 29, 2014, March 1, 2014 and November 30, 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:
						November 29,	March 1,	November 30,
	Description				Balance Sheet Location	2014	2014	2013
	Assets
	Nonqualified retirement plan		Level 2		Other current assets	$	$	$
						3,955	3,401	3,200
	Liabilities
	Nonqualified retirement plan		Level 2		Accrued liabilities	3,962	3,417	3,207
	Foreign currency hedge instruments		Level 2		Forward contracts	641	—	—
	Total liabilities					$	$	$
						4,603	3,417	3,207
	The fair values of long-term debt were estimated using quoted prices, discounted cash flow analyses, as well as recent transactions for similar types of borrowing arrangements. As of November 29, 2014, March 1, 2014 and November 30, 2013, the carrying values and estimated fair values of the Company’s long-term debt, including current maturities, were:
					November 29, 2014
					Carrying	Fair
					value	value
	Senior secured term loan facility		Level 2		$	$
					325,816	321,540
	2014 Elfa term loan facility		Level 2		7,646	7,646
	Revolving credit facility		Level 3		20,000	20,000
	Other loans		Level 3		359	359
					$	$
					353,821	349,545
					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
					November 30, 2013
					Carrying	Fair
					value	value
	Senior secured term loan facility		Level 2		$	$
					329,439	329,439
	Elfa term loan facility		Level 3		2,864	2,959
	Revolving credit facility		Level 3		14,000	14,000
	Other loans		Level 3		5,535	5,521
					$	$
					351,838	351,919

Segment_reporting

Segment reporting	9 Months Ended
	Nov. 29, 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 November 29, 2014		TCS		Elfa	Other	Total
	Net sales to third parties		$		$	$—	$
			168,468		22,454		190,922
	Intersegment sales		—		24,776	-24,776	—
	Interest expense, net		2		130	4,133	4,265
	Income (loss) before taxes (including $404 stock-based compensation)(1)(2)		9,161		10,207	-9,877	9,491
	Assets(3)		638,235		125,925	25,406	789,566
						Corporate/
	Thirteen Weeks Ended November 30, 2013		TCS		Elfa	Other	Total
	Net sales to third parties		$		$	$—	$
			163,744		24,554		188,298
	Intersegment sales		—		27,454	-27,454	—
	Interest expense, net		13		288	5,481	5,782
	Income (loss) before taxes (including $14,641 stock-based compensation)(1)(4)		-3,187		8,856	-12,450	-6,781
	Assets(3)		612,351		141,074	22,647	776,072
						Corporate/
	Thirty-Nine Weeks Ended November 29, 2014		TCS		Elfa	Other	Total
	Net sales to third parties		$		$	$—	$
			493,011		64,596		557,607
	Intersegment sales		—		45,924	-45,924	—
	Interest expense, net		14		537	12,399	12,950
	Income (loss) before taxes (including $950 stock-based compensation)(1)(2)		24,500		10,245	-22,330	12,415
	Assets(3)		638,235		125,925	25,406	789,566
						Corporate/
	Thirty-Nine Weeks Ended November 30, 2013		TCS		Elfa	Other	Total
	Net sales to third parties		$		$	$—	$
			466,543		65,173		531,716
	Intersegment sales		—		47,414	-47,414	—
	Interest expense, net		45		723	16,088	16,856
	Income (loss) before taxes (including $14,854 stock-based compensation)(1)(4)		13,771		7,480	-28,938	-7,687
	Assets(3)		612,351		141,074	22,647	776,072
		-1		The TCS column includes stock-based compensation expense amounts disclosed above.
		-2		The Elfa column includes a gain on disposal of subsidiary and real estate of $3,830 for the thirteen and thirty-nine weeks ended November 29, 2014.
		-3		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.
		-4		The Corporate/Other column includes $128 and $1,229 loss on extinguishment of debt during the thirteen and thirty-nine weeks ended November 30, 2013, respectively.

Gain_on_disposal_of_subsidiary

Gain on disposal of subsidiary and real estate	9 Months Ended
	Nov. 29, 2014
Gain on disposal of subsidiary and real estate
Gain on disposal of subsidiary and real estate	12.  Gain on disposal of subsidiary and real estate
	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 net proceeds of $3,846 and recorded a gain on the sale of this subsidiary of $3,270 in the third quarter of fiscal 2014. Additionally, on October 31, 2014, the Company completed the sale of a building at Elfa. The Company received net proceeds of $912 and recorded a gain on the sale of the building of $560 in the third quarter of fiscal 2014.

Subsequent_event

Subsequent event	9 Months Ended
	Nov. 29, 2014
Subsequent event.
Subsequent event	13.  Subsequent event
	On December 19, 2014, the President of the United States signed into law H.R. 5771, The Tax Increase Prevention Act. This act provides for an extension of bonus depreciation through the end of calendar 2014.  The effects of changes in tax laws, including retroactive changes, are recognized in the period in which the changes are enacted.  However, if the legislation would have been enacted as of November 29, 2014, an estimated increase in income taxes receivable of approximately $1,100 would have been recorded with a corresponding increase in noncurrent deferred tax liabilities, net. While bonus depreciation does not affect our total provision for income taxes or effective rate, the absence of bonus depreciation after calendar 2014 is expected to increase current income tax expense and the related cash outflows for the payment of income taxes beginning on January 1, 2015.

Detail_of_certain_balance_shee1

Detail of certain balance sheet accounts (Tables)	9 Months Ended
	Nov. 29, 2014
Detail of certain balance sheet accounts
Schedule of detail of certain balance sheet accounts
		November 29,	March 1,	November 30,
		2014	2014	2013
	Inventory:
	Finished goods	$	$	$
		98,460	79,235	98,495
	Raw materials	4,260	4,677	5,011
	Work in progress	1,130	1,683	1,618
		$	$	$
		103,850	85,595	105,124
	Accrued liabilities:
	Accrued payroll, benefits, and bonuses	$	$	$
		17,865	21,927	17,486
	Accrued transaction and property tax	11,083	7,949	10,690
	Gift cards and store credits outstanding	8,192	6,900	7,206
	Unearned revenue	3,649	11,338	2,885
	Accrued interest	2,451	2,481	514
	Other accrued liabilities	10,956	8,149	10,865
		$	$	$
		54,196	58,744	49,646

Net_income_loss_per_common_sha1

Net income (loss) per common share (Tables)	9 Months Ended
	Nov. 29, 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		Thirty-Nine Weeks Ended
		November 29,	November 30,	November 29,	November 30,
		2014	2013	2014	2013
	Numerator:
	Net income (loss)	$	$	$	$
		6,249	-9,486	9,625	-10,174
	Less: Distributions accumulated to preferred shareholders	—	-15,597	—	-59,747
	Net income (loss) available to common shareholders	$	$	$	$
		6,249	-25,083	9,625	-69,921
	Denominator:
	Weighted-average common shares outstanding — basic	47,979,581	18,036,633	47,967,566	7,965,089
	Weighted-average common shares outstanding — diluted	48,432,143	18,036,633	48,555,828	7,965,089
	Net income (loss) per common share - basic	$	$	$	$
		0.13	-1.39	0.20	-8.78
	Net income (loss) per common share - diluted	$	$	$	$
		0.13	-1.39	0.20	-8.78
	Antidilutive securities not included:
	Stock options outstanding	843,581	319,190	812,886	140,527

Accumulated_other_comprehensiv1

Accumulated other comprehensive income (Tables)	9 Months Ended
	Nov. 29, 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	-905	207	-11,485	-12,183
	Amounts reclassified to earnings, net of tax	-41	—	—	-41
	Net current period other comprehensive (loss) income	-946	207	-11,485	-12,224
	Balance at November 29, 2014	$	$	$	$
		-893	-946	-8,702	-10,541

Fair_value_measurements_Tables

Fair value measurements (Tables)	9 Months Ended
	Nov. 29, 2014
Fair value measurements
Schedule of items measured at fair value on a recurring basis, subject to the disclosure requirements of ASC 820
				November 29,	March 1,	November 30,
	Description		Balance Sheet Location	2014	2014	2013
	Assets
	Nonqualified retirement plan	Level 2	Other current assets	$	$	$
				3,955	3,401	3,200
	Liabilities
	Nonqualified retirement plan	Level 2	Accrued liabilities	3,962	3,417	3,207
	Foreign currency hedge instruments	Level 2	Forward contracts	641	—	—
	Total liabilities			$	$	$
				4,603	3,417	3,207
Schedule of carrying values and estimated fair values of the Company's long-term debt, including current maturities
			November 29, 2014
			Carrying	Fair
			value	value
	Senior secured term loan facility	Level 2	$	$
			325,816	321,540
	2014 Elfa term loan facility	Level 2	7,646	7,646
	Revolving credit facility	Level 3	20,000	20,000
	Other loans	Level 3	359	359
			$	$
			353,821	349,545
			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
			November 30, 2013
			Carrying	Fair
			value	value
	Senior secured term loan facility	Level 2	$	$
			329,439	329,439
	Elfa term loan facility	Level 3	2,864	2,959
	Revolving credit facility	Level 3	14,000	14,000
	Other loans	Level 3	5,535	5,521
			$	$
			351,838	351,919

Segment_reporting_Tables

Segment reporting (Tables)	9 Months Ended
	Nov. 29, 2014
Segment reporting
Schedule of segment reporting
						Corporate/
	Thirteen Weeks Ended November 29, 2014		TCS		Elfa	Other	Total
	Net sales to third parties		$		$	$—	$
			168,468		22,454		190,922
	Intersegment sales		—		24,776	-24,776	—
	Interest expense, net		2		130	4,133	4,265
	Income (loss) before taxes (including $404 stock-based compensation)(1)(2)		9,161		10,207	-9,877	9,491
	Assets(3)		638,235		125,925	25,406	789,566
						Corporate/
	Thirteen Weeks Ended November 30, 2013		TCS		Elfa	Other	Total
	Net sales to third parties		$		$	$—	$
			163,744		24,554		188,298
	Intersegment sales		—		27,454	-27,454	—
	Interest expense, net		13		288	5,481	5,782
	Income (loss) before taxes (including $14,641 stock-based compensation)(1)(4)		-3,187		8,856	-12,450	-6,781
	Assets(3)		612,351		141,074	22,647	776,072
						Corporate/
	Thirty-Nine Weeks Ended November 29, 2014		TCS		Elfa	Other	Total
	Net sales to third parties		$		$	$—	$
			493,011		64,596		557,607
	Intersegment sales		—		45,924	-45,924	—
	Interest expense, net		14		537	12,399	12,950
	Income (loss) before taxes (including $950 stock-based compensation)(1)(2)		24,500		10,245	-22,330	12,415
	Assets(3)		638,235		125,925	25,406	789,566
						Corporate/
	Thirty-Nine Weeks Ended November 30, 2013		TCS		Elfa	Other	Total
	Net sales to third parties		$		$	$—	$
			466,543		65,173		531,716
	Intersegment sales		—		47,414	-47,414	—
	Interest expense, net		45		723	16,088	16,856
	Income (loss) before taxes (including $14,854 stock-based compensation)(1)(4)		13,771		7,480	-28,938	-7,687
	Assets(3)		612,351		141,074	22,647	776,072
		-1		The TCS column includes stock-based compensation expense amounts disclosed above.
		-2		The Elfa column includes a gain on disposal of subsidiary and real estate of $3,830 for the thirteen and thirty-nine weeks ended November 29, 2014.
		-3		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.
		-4		The Corporate/Other column includes $128 and $1,229 loss on extinguishment of debt during the thirteen and thirty-nine weeks ended November 30, 2013, respectively.

Description_of_business_and_ba1

Description of business and basis of presentation (Details) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Aug. 30, 2014	Nov. 29, 2014
		item
		sqft
Description of business and basis of presentation
Number of stores		69
Average selling square feet in stores (in square feet)		19,000
Number of states		25
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	$1,839	$1,839
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) (Elfa)	3 Months Ended				0 Months Ended				0 Months Ended
In Thousands, unless otherwise specified	Aug. 28, 2014	13-May-14	Nov. 29, 2014	Apr. 01, 2014	Apr. 01, 2014	Nov. 29, 2014	Apr. 01, 2014	Nov. 29, 2014	Apr. 01, 2014
	Short Term Credit Facility	Short Term Credit Facility	Revolving credit facility	Revolving credit facility	Revolving credit facility	Elfa Term Loan Facility	Elfa Term Loan Facility	Elfa Term Loan Facility	Elfa Term Loan Facility
	USD ($)	SEK	USD ($)	SEK	Nordea's base rate	USD ($)	SEK	USD ($)	STIBOR
Long-term debt and revolving lines of credit
Maximum borrowing capacity		15,000	$18,781	140,000
Amount outstanding at time of payoff	2,152
Face amount							60,000	8,049
Quarterly principal payments						$402	3,000
Reference rate					Nordea's base rate				STIBOR
Interest rate margin (as a percent)					1.40%				1.70%
Interest rate (as a percent)	2.53%

Detail_of_certain_balance_shee2

Detail of certain balance sheet accounts (Details) (USD $)	Nov. 29, 2014	Mar. 01, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Inventory:
Finished goods	$98,460	$79,235	$98,495
Raw materials	4,260	4,677	5,011
Work in progress	1,130	1,683	1,618
Inventory	103,850	85,595	105,124
Accrued Liabilities:
Accrued payroll, benefits and bonuses	17,865	21,927	17,486
Accrued transaction and property tax	11,083	7,949	10,690
Gift cards and store credits outstanding	8,192	6,900	7,206
Unearned revenue	3,649	11,338	2,885
Accrued interest	2,451	2,481	514
Other accrued liabilities	10,956	8,149	10,865
Accrued Liabilities	$54,196	$58,744	$49,646

Net_income_loss_per_common_sha2

Net income (loss) per common share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013	Nov. 29, 2014	Nov. 30, 2013
Numerator:
Net income (loss)	$6,249	($9,486)	$9,625	($10,174)
Less: Distributions accumulated to preferred shareholders		-15,597		-59,747
Net income (loss) available to common shareholders	$6,249	($25,083)	$9,625	($69,921)
Denominator:
Weighted-average common shares outstanding - basic (in shares)	47,979,581	18,036,633	47,967,566	7,965,089
Weighted-average common shares outstanding - diluted (in shares)	48,432,143	18,036,633	48,555,828	7,965,089
Net income (loss) per common share - basic (in dollars per share)	$0.13	($1.39)	$0.20	($8.78)
Net income (loss) per common share - diluted (in dollars per share)	$0.13	($1.39)	$0.20	($8.78)
Antidilutive securities not included:
Stock options outstanding	843,581	319,190	812,886	140,527

Pension_plans_Details

Pension plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013	Nov. 29, 2014	Nov. 30, 2013
Employee benefit plans
Total net periodic benefit cost	$893	$657	$2,207	$2,117
Elfa
Employee benefit plans
Percentage of employees who are plan participants			2.00%

Income_taxes_Details

Income taxes (Details) (USD $)	3 Months Ended			9 Months Ended
In Thousands, unless otherwise specified	Nov. 29, 2014	Aug. 30, 2014	Nov. 30, 2013	Nov. 29, 2014	Nov. 30, 2013
Income taxes
Effective income tax rate (as a percent)	34.20%		-39.90%	22.50%	-32.40%
Reduction in tax expense recorded		$1,839		$1,839
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of assets	3,879		4	3,665	-70
Norwegian subsidiary
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of assets	$3,270			$3,270

Commitments_and_contingencies_

Commitments and contingencies (Details) (Standby letters of credit, USD $)	Nov. 29, 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 $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013
Rollforward of the amounts included in AOCI, net of taxes
Balance at the beginning of the period	$1,683	$716
Other comprehensive (loss) income before reclassifications, net of tax	-12,183
Amounts reclassified to earnings, net of tax	-41
Net current period other comprehensive (loss) income	-12,224
Balance at the end of the period	-10,541	716
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	207
Net current period other comprehensive (loss) income	207
Balance at the end of the period	-946
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	-11,485
Net current period other comprehensive (loss) income	-11,485
Balance at the end of the period	-8,702
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	-905
Amounts reclassified to earnings, net of tax	-41
Net current period other comprehensive (loss) income	-946
Balance at the end of the period	($893)

Foreign_currency_forward_contr1

Foreign currency forward contracts (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013	Mar. 01, 2014
		item	item
Foreign currency forward contracts.
Purchase of inventory from use of forward contracts in Swedish krona (as a percent)	49.00%	87.00%
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	$641
Number of unsettled foreign currency forward contracts		0	0
Accumulated other comprehensive loss	893
Unrealized loss that have been recorded for settled forward contracts related to inventory on hand	503
Unrealized loss to be reclassified into earnings over the next 12 months	$503

Fair_value_measurements_Detail

Fair value measurements (Details) (Recurring, USD $)	Nov. 29, 2014	Mar. 01, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Liabilities
Total liabilities	$4,603	$3,417	$3,207
Level 2 | Other current assets
Assets
Nonqualified retirement plan	3,955	3,401	3,200
Level 2 | Forward contracts
Liabilities
Foreign currency hedge instruments	641
Level 2 | Accrued liabilities
Liabilities
Nonqualified retirement plan	$3,962	$3,417	$3,207

Fair_value_measurements_Detail1

Fair value measurements (Details 2) (USD $)	Nov. 29, 2014	Mar. 01, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Carrying value
Fair value measurements
Fair value	$353,821	$335,251	$351,838
Fair value
Fair value measurements
Fair value	349,545	336,810	351,919
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	7,646
Level 2 | Carrying value | Senior secured term loan facility
Fair value measurements
Fair value	325,816	328,533	329,439
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	7,646
Level 2 | Fair value | Senior secured term loan facility
Fair value measurements
Fair value	321,540	330,176	329,439
Level 3 | Carrying value | Revolving credit facility
Fair value measurements
Fair value	20,000		14,000
Level 3 | Carrying value | Elfa | Elfa Term Loan Facility
Fair value measurements
Fair value			2,864
Level 3 | Carrying value | Other loans
Fair value measurements
Fair value	359	4,768	5,535
Level 3 | Fair value | Revolving credit facility
Fair value measurements
Fair value	20,000		14,000
Level 3 | Fair value | Elfa | Elfa Term Loan Facility
Fair value measurements
Fair value			2,959
Level 3 | Fair value | Other loans
Fair value measurements
Fair value	$359	$4,686	$5,521

Segment_reporting_Details

Segment reporting (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013	Nov. 29, 2014	Nov. 30, 2013	Mar. 01, 2014
			segment
Segment reporting
Number of reportable segments			2
Segment reporting
Sales	$190,922	$188,298	$557,607	$531,716
Interest expense, net	4,265	5,782	12,950	16,856
Income (loss) before taxes	9,491	-6,781	12,415	-7,687
Stock-based compensation	404	14,641	950	14,854
Assets	789,566	776,072	789,566	776,072	783,149
Loss on extinguishment of debt		128		1,229
Gain on disposal of assets	3,879	4	3,665	-70
Elfa
Segment reporting
Gain on disposal of assets			3,830
Operating segments | TCS
Segment reporting
Sales	168,468	163,744	493,011	466,543
Interest expense, net	2	13	14	45
Income (loss) before taxes	9,161	-3,187	24,500	13,771
Assets	638,235	612,351	638,235	612,351
Operating segments | Elfa
Segment reporting
Sales	22,454	24,554	64,596	65,173
Interest expense, net	130	288	537	723
Income (loss) before taxes	10,207	8,856	10,245	7,480
Assets	125,925	141,074	125,925	141,074
Corporate/other
Segment reporting
Interest expense, net	4,133	5,481	12,399	16,088
Income (loss) before taxes	-9,877	-12,450	-22,330	-28,938
Assets	25,406	22,647	25,406	22,647
Loss on extinguishment of debt		128		1,229
lntersegment
Segment reporting
Sales	-24,776	-27,454	-45,924	-47,414
lntersegment | Elfa
Segment reporting
Sales	$24,776	$27,454	$45,924	$47,414
Elfa | Elfa
Segment reporting
Number of countries in which products are sold on wholesale basis			30

Gain_on_disposal_of_subsidiary1

Gain on disposal of subsidiary and real estate (Details) (USD $)	3 Months Ended		9 Months Ended		0 Months Ended
In Thousands, unless otherwise specified	Nov. 29, 2014	Nov. 30, 2013	Nov. 29, 2014	Nov. 30, 2013	Oct. 31, 2014	Oct. 03, 2014
Disposal of subsidiary and real estate
Proceeds from sale of subsidiary, net			$3,846
Proceeds from sale			935	408
Gain on disposal of assets	3,879	4	3,665	-70
Elfa Building
Disposal of subsidiary and real estate
Proceeds from sale					912
Gain on disposal of assets	560
Norwegian subsidiary
Disposal of subsidiary and real estate
Proceeds from sale of subsidiary, net						3,846
Gain on disposal of assets	$3,270		$3,270

Subsequent_event_Details

Subsequent event (Details) (Subsequent event, Scenario, USD $)	0 Months Ended
In Thousands, unless otherwise specified	Dec. 19, 2014
Subsequent event | Scenario
Subsequent event
Increase in income taxes receivable if legislation had been enacted by the end of the reporting period	$1,100