Pier 1 Imports 10-K 25 Apr 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Feb. 25, 2017	Apr. 19, 2017	Aug. 27, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Feb. 25, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	PIR
Entity Registrant Name	PIER 1 IMPORTS INC/DE
Entity Central Index Key	278,130
Current Fiscal Year End Date	--02-25
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		83,036,126
Entity Public Float			$ 367,390,075

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Income Statement [Abstract]
Net sales	$ 1,828,446	$ 1,892,230	$ 1,884,557
Cost of sales	1,131,138	1,187,250	1,116,076
Gross profit	697,308	704,980	768,481
Selling, general and administrative expenses	587,843	578,828	594,906
Depreciation	54,603	50,944	46,304
Operating income	54,862	75,208	127,271
Nonoperating (income) and expenses:
Interest, investment income and other	(2,470)	(237)	(3,391)
Interest expense	12,073	12,280	10,260
Nonoperating (income) and expenses	9,603	12,043	6,869
Income before income taxes	45,259	63,165	120,402
Income tax provision	15,130	23,531	45,240
Net income	$ 30,129	$ 39,634	$ 75,162
Earnings per share:
Basic	$ 0.37	$ 0.47	$ 0.83
Diluted	0.37	0.46	0.82
Dividends declared per share:	$ 0.28	$ 0.28	$ 0.24
Average shares outstanding during period:
Basic	80,919	84,939	91,081
Diluted	80,984	85,370	92,128

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 30,129	$ 39,634	$ 75,162
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments, net of taxes of $60, $801 and $1,339, respectively	1,274	(2,299)	(3,729)
Pension adjustments, net of taxes of $(1,243), $(1,051) and $89, respectively	1,949	1,647	(142)
Other comprehensive income (loss)	3,223	(652)	(3,871)
Comprehensive income	$ 33,352	$ 38,982	$ 71,291

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 60	$ 801	$ 1,339
Pension and post-retirement reclassification adjustments,taxes	$ (1,243)	$ (1,051)	$ 89

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 25, 2017	Feb. 27, 2016
Current assets:
Cash and cash equivalents, including temporary investments of $149,375 and $110,413, respectively	$ 154,460	$ 115,221
Accounts receivable, net of allowance for doubtful accounts of $338 and $428, respectively	22,945	22,639
Inventories	400,976	405,859
Prepaid expenses and other current assets	31,607	31,175
Total current assets	609,988	574,894
Properties and equipment, net	191,476	207,633
Other noncurrent assets	41,618	36,664
Assets, Total	843,082	819,191
Current liabilities:
Accounts payable	68,981	72,570
Gift cards and other deferred revenue	60,398	64,081
Accrued income taxes payable	26,058	6,324
Current portion of long-term debt	2,000	2,000
Other accrued liabilities	133,866	101,712
Total current liabilities	291,303	246,687
Long-term debt	199,077	200,255
Other noncurrent liabilities	60,674	87,492
Commitments and contingencies
Shareholders' equity:
Common stock, $0.001 par, 500,000,000 shares authorized 125,232,000 issued	125	125
Paid-in capital	191,501	211,019
Retained earnings	737,165	729,537
Cumulative other comprehensive loss	(7,414)	(10,637)
Less-42,050,000 and 41,760,000 common shares in treasury, at cost, respectively	(629,349)	(645,287)
Total shareholders' equity	292,028	284,757
Liabilities and Equity, Total	$ 843,082	$ 819,191

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Feb. 25, 2017	Feb. 27, 2016
Statement of Financial Position [Abstract]
Cash and cash equivalents, temporary investments	$ 149,375	$ 110,413
Accounts receivable, allowance for doubtful accounts	$ 338	$ 428
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	125,232,000	125,232,000
Treasury stock, shares	42,050,000	41,760,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Cash flows from operating activities:
Net income	$ 30,129	$ 39,634	$ 75,162
Adjustments to reconcile to net cash provided by operating activities:
Depreciation	60,504	55,830	49,472
Stock-based compensation expense	8,228	5,065	7,332
Deferred compensation, net	8,438	5,641	8,244
Deferred income taxes	(19,645)	4,617	7,647
Excess tax benefit from stock-based awards	(312)	(585)	(2,936)
Amortization of deferred gains	(1,073)	(1,907)	(3,575)
Other	9,374	2,928	(3,322)
Change in cash from:
Inventories	4,883	72,984	(101,193)
Prepaid expenses and other assets	863	20,560	356
Accounts payable and other liabilities	(5,697)	(33,611)	26,330
Accrued income taxes payable, net of payments	20,046	(7,109)	2,174
Net cash provided by operating activities	115,738	164,047	65,691
Cash flows from investing activities:
Capital expenditures	(44,181)	(51,813)	(81,859)
Proceeds from disposition of properties	74	18	35
Proceeds from sale of restricted investments	3,409	9,020	1,715
Purchase of restricted investments	(2,375)	(8,914)	(3,192)
Net cash used in investing activities	(43,073)	(51,689)	(83,301)
Cash flows from financing activities:
Cash dividends	(22,501)	(23,672)	(21,627)
Purchases of treasury stock	(10,566)	(75,000)	(185,540)
Proceeds from stock options exercised, stock purchase plan and other, net	1,329	2,886	1,846
Excess tax benefit from stock-based awards	312	585	2,936
Issuance of long-term debt, net of discount			198,000
Repayments of long-term debt	(2,000)	(2,000)	(1,000)
Debt issuance costs			(3,636)
Borrowings under revolving line of credit	38,000	63,000	60,000
Repayments of borrowings under revolving line of credit	(38,000)	(63,000)	(60,000)
Net cash used in financing activities	(33,426)	(97,201)	(9,021)
Change in cash and cash equivalents	39,239	15,157	(26,631)
Cash and cash equivalents at beginning of period	115,221	100,064	126,695
Cash and cash equivalents at end of period	154,460	115,221	100,064
Supplemental cash flow information:
Interest paid	12,219	12,186	10,213
Income taxes paid, net of refund	$ 13,077	$ 26,219	$ 42,142

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock Outstanding	Common Stock	Paid-in Capital	Retained Earnings	Cumulative Other Comprehensive Income (Loss)	Treasury Stock
Beginning Balance at Mar. 01, 2014	$ 449,432		$ 125	$ 235,637	$ 660,040	$ (6,114)	$ (440,256)
Beginning Balance, Common Stock at Mar. 01, 2014		98,715
Net income	75,162				75,162
Other comprehensive income (loss)	(3,871)					(3,871)
Purchases of treasury stock	(173,932)						(173,932)
Purchases of treasury stock (in shares)		(10,280)
Stock-based compensation expense	7,332			(7,605)			14,937
Stock-based compensation expense (in shares)		875
Exercise of stock options, stock purchase plan, and other	4,771			(5,594)			10,365
Exercise of stock options, stock purchase plan, and other (in shares)		602
Cash dividends	(21,627)				(21,627)
Ending Balance at Feb. 28, 2015	337,267		125	222,438	713,575	(9,985)	(588,886)
Ending Balance, Common Stock at Feb. 28, 2015		89,912
Net income	39,634				39,634
Other comprehensive income (loss)	(652)					(652)
Purchases of treasury stock	(75,000)						(75,000)
Purchases of treasury stock (in shares)		(7,461)
Stock-based compensation expense	5,065			(8,683)			13,748
Stock-based compensation expense (in shares)		760
Exercise of stock options, stock purchase plan, and other	2,115			(2,736)			4,851
Exercise of stock options, stock purchase plan, and other (in shares)		261
Cash dividends	(23,672)				(23,672)
Ending Balance at Feb. 27, 2016	284,757		125	211,019	729,537	(10,637)	(645,287)
Ending Balance, Common Stock at Feb. 27, 2016		83,472
Net income	30,129				30,129
Other comprehensive income (loss)	3,223					3,223
Purchases of treasury stock	(10,566)						(10,566)
Purchases of treasury stock (in shares)		(1,794)
Stock-based compensation expense	8,228			(12,077)			20,305
Stock-based compensation expense (in shares)		1,302
Exercise of stock options, stock purchase plan, and other	(1,242)			(7,441)			6,199
Exercise of stock options, stock purchase plan, and other (in shares)		202
Cash dividends	(22,501)				(22,501)
Ending Balance at Feb. 25, 2017	$ 292,028		$ 125	$ 191,501	$ 737,165	$ (7,414)	$ (629,349)
Ending Balance, Common Stock at Feb. 25, 2017		83,182

Consolidated Statements of Sha9

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Statement of Stockholders' Equity [Abstract]
Cash dividends, per share	$ 0.28	$ 0.28	$ 0.24

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Feb. 25, 2017
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	NOTE 1 — DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization www.pier1.com. Basis of consolidation Segment information Use of estimates Reclassifications Fiscal periods Cash and cash equivalents, including temporary investments Translation of foreign currencies Concentrations of risk Financial instruments Risk management instruments Periodically, the Company hedges certain commitments denominated in foreign currencies through the purchase of forward contracts. The forward contracts are purchased to cover a portion of commitments to buy merchandise for resale. The Company also, on occasion, uses contracts to hedge its exposure associated with the repatriation of funds from its Canadian operations. As of February 25, 2017 and February 27, 2016, there were no material outstanding contracts to hedge exposure associated with the Company’s merchandise purchases denominated in foreign currencies or the repatriation of Canadian funds. For financial accounting purposes, the Company does not designate such contracts as hedges. Thus, changes in the fair value of both types of forward contracts would be included in the Company’s consolidated statements of operations. The changes in fair value and settlement of these contracts were not material and were included in cost of sales for forward contracts related to merchandise purchases, and in selling, general & administrative (“SG&A”) expenses for forward contracts associated with the repatriation of Canadian funds. When the Company enters into forward foreign currency exchange contracts, it enters into them with major financial institutions and monitors its positions with, and the credit quality of, these counterparties to such financial instruments. Accounts receivable Inventories The Company recognizes known inventory losses, shortages and damages when incurred and maintains a reserve for estimated shrinkage since the last physical count, when actual shrinkage was recorded. The amount of the reserve is estimated based on historical experience from the results of its physical inventories. The reserves for estimated shrinkage at the end of fiscal 2017 and 2016 were $4,156,000 and $5,312,000, respectively. Properties and equipment, net straight-line Expenditures for maintenance, repairs and renewals that do not materially prolong the original useful lives of the assets are charged to expense as incurred. In the case of disposals, assets and the related depreciation are removed from the accounts and the net amount, less proceeds from disposal, is credited or charged to income. Long-lived assets are reviewed for impairment at least annually or whenever an event or change in circumstances indicates that their carrying values may not be recoverable. If the impairment analysis indicates that the carrying value of the assets exceeds the sum of the expected undiscounted cash flows, the assets may be considered impaired. For store level long-lived assets, expected cash flows are determined based on management’s estimate of future sales, merchandise margin rates and expenses over the remaining expected terms of the leases. Impairment, if any, is recorded in the period in which the impairment occurred. The Company recorded impairment charges of $2,934,000 in fiscal 2017 which were included in SG&A expenses. The Company recorded no material impairment charges in fiscal 2016 or 2015. As the projection of future cash flows requires the use of judgment and estimates, if actual results differ from the Company’s estimates, additional charges for asset impairments may be recorded in the future. Insurance provision Revenue recognition Cost of sales Gift cards Leases Advertising costs Defined benefit plans Note 5 of the Notes to Consolidated Financial Statements Income taxes Note 7 of the Notes to Consolidated Financial Statements Earnings per share Earnings per share amounts were calculated as follows (in thousands except per share amounts): Year Ended February 25, February 27, February 28, Net income $ 30,129 $ 39,634 $ 75,162 Weighted average shares outstanding: Basic 80,919 84,939 91,081 Effect of dilutive stock options 17 316 696 Effect of dilutive restricted stock 48 115 351 Diluted 80,984 85,370 92,128 Earnings per share: Basic $ 0.37 $ 0.47 $ 0.83 Diluted $ 0.37 $ 0.46 $ 0.82 Outstanding stock options totaling 1,433,771 for fiscal 2017, 402,311 for fiscal 2016 and 114,623 for fiscal 2015 were excluded from the computation of earnings per share, as the effect would be antidilutive. Stock-based compensation Note 6 of the Notes to Consolidated Financial Statements . The Company estimates forfeitures based on its historical forfeiture experience, and adjusts forfeiture estimates based on actual forfeiture experience for all awards with service conditions. The effect of any forfeiture adjustments was not material for the periods presented. New accounting standards “Revenue from Contracts with Customers (Topic 606).” “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date.” “Revenue from Contracts with Customers: Principal versus Agent Considerations.” “Identifying Performance Obligations and Licensing,” Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers In April 2015, the FASB issued ASU 2015-05, “Customers Accounting for Cloud Computing Costs.” “Technical Corrections and Improvements” Customers Accounting for Cloud Computing Costs” In July 2015, the FASB issued ASU 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory.” In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842),” In March 2016, the FASB issued ASU 2016-09, “Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230).” In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.” In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230) – Restricted Cash.” In March 2017, the FASB issued ASU 2017-07, “Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.”

Properties and Equipment, Net

Properties and Equipment, Net	12 Months Ended
	Feb. 25, 2017
Property, Plant and Equipment [Abstract]
Properties and Equipment, Net	NOTE 2 — PROPERTIES AND EQUIPMENT, NET Properties and equipment, net are summarized as follows at February 25, 2017 and February 27, 2016 (in thousands): 2017 2016 Land $ 535 $ 535 Buildings 8,077 8,087 Equipment, furniture, fixtures and other 344,893 355,561 Leasehold improvements 210,811 210,546 Computer software 123,855 101,391 Projects in progress 8,860 13,271 697,031 689,391 Less accumulated depreciation 505,555 481,758 Properties and equipment, net $ 191,476 $ 207,633

Other Accrued Liabilities and N

Other Accrued Liabilities and Noncurrent Liabilities	12 Months Ended
	Feb. 25, 2017
Payables and Accruals [Abstract]
Other Accrued Liabilities and Noncurrent Liabilities	NOTE 3 — OTHER ACCRUED LIABILITIES AND NONCURRENT LIABILITIES The following is a summary of other accrued liabilities and noncurrent liabilities at February 25, 2017 and February 27, 2016 (in thousands): 2017 2016 Accrued payroll and other employee-related liabilities $ 82,028 $ 54,034 Accrued taxes, other than income 27,818 23,718 Rent-related liabilities 8,655 7,966 Other 15,365 15,994 Other accrued liabilities $ 133,866 $ 101,712 Rent-related liabilities $ 32,420 $ 29,467 Deferred gains 3,522 4,594 Retirement benefits 21,301 42,634 Other 3,431 10,797 Other noncurrent liabilities $ 60,674 $ 87,492

Long-Term Debt and Available Cr

Long-Term Debt and Available Credit	12 Months Ended
	Feb. 25, 2017
Debt Disclosure [Abstract]
Long-Term Debt and Available Credit	NOTE 4 — LONG-TERM DEBT AND AVAILABLE CREDIT Industrial Revenue Bonds Revolving Credit Facility The Revolving Credit Facility includes a requirement that the Company has minimum availability equal to the greater of 10% of the line cap, as defined under the Revolving Credit Facility, or $20,000,000. The Company’s Revolving Credit Facility may limit the ability of the Company to, among other things, incur or guarantee additional indebtedness, pay dividends on, or redeem or repurchase capital stock, make certain acquisitions or investments, incur or permit to exist certain liens, enter into transactions with affiliates or sell the Company’s assets to, or merge or consolidate with or into, another company, in each case, subject to certain exceptions. The Company will not be restricted from paying certain dividends unless credit extensions on the line result in availability over a specified period of time that is projected to be less than 17.5% of the lesser of either $350,000,000 or the calculated borrowing base, subject to the Company meeting a fixed charge coverage requirement when availability over the same specified period of time is projected to be less than 30.0% of the lesser of either $350,000,000 or the calculated borrowing base. During fiscal 2017, 2016 and 2015 the Company repaid all cash borrowings under the Revolving Credit Facility. Credit extensions under the Revolving Credit Facility are limited to the lesser of $350,000,000 or the amount of the calculated borrowing base, as defined by the agreement, which was $346,157,000 as of February 25, 2017. The borrowing base calculation is subject to advance rates and commercially reasonable availability reserves. As of February 25, 2017, the Company utilized approximately $39,051,000 in letters of credit and bankers’ acceptances against the Revolving Credit Facility. Of the outstanding balance, approximately $21,177,000 related to a standby letter of credit for the Company’s workers’ compensation and general liability insurance policies, $9,715,000 related to a standby letter of credit related to the Company’s industrial revenue bonds and $8,159,000 related to other miscellaneous standby letters of credit. After excluding the $39,051,000 in utilized letters of credit and bankers’ acceptances from the borrowing base, $307,106,000 remained available for cash borrowings. Term Loan Facility The Term Loan Facility includes restrictions on the Company’s ability to, among other things, incur or guarantee additional indebtedness, pay dividends on, or redeem or repurchase shares of the Company’s capital stock, make certain acquisitions or investments, materially change the business of the Company, incur or permit to exist certain liens, enter into transactions with affiliates or sell the Company’s assets to, or merge or consolidate with or into, another company, in each case subject to certain exceptions. The Term Loan Facility does not require the Company to comply with any financial maintenance covenants, but contains certain customary representations and warranties, affirmative covenants and provisions relating to events of default. The Term Loan Facility provides for incremental facilities, subject to certain conditions, including the meeting of certain leverage ratio requirements as defined therein, to the extent such facilities exceed an incremental $200,000,000. The Term Loan Facility matures as follows (in thousands): Fiscal Year Amount 2018 $ 2,000 2019 2,000 2020 2,000 2021 2,000 Thereafter 187,000 Total 195,000 Debt Issuance Costs (2,149 ) Debt Discount (1,175 ) Total Debt $ 191,676

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Feb. 25, 2017
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	NOTE 5 – EMPLOYEE BENEFIT PLANS The Company offers a qualified defined contribution employee retirement plan (“Qualified Plan”) to all of its full- and part-time personnel who are at least 18 years old and have been employed for a minimum of 60 days. During fiscal 2017, 2016 and 2015, employees contributing 1% to 5% of their compensation received a matching Company contribution of up to 3%. Company contributions to the plan were $2,958,000, $2,823,000 and $2,455,000 in fiscal 2017, 2016 and 2015, respectively. In addition, the Company offers non-qualified deferred compensation plans (“Non-Qualified Plans”) for the purpose of providing deferred compensation for certain employees whose benefits under the Qualified Plan may be limited under Section 401(k) of the Internal Revenue Code. The Company’s expense for the Non-Qualified Plans was $2,347,000, $13,000 and $1,269,000 for fiscal 2017, 2016 and 2015, respectively. The increase from fiscal 2016 resulted from higher earnings on deferrals. The Company has trusts established for the purpose of setting aside funds to be used to settle certain obligations of the Non-Qualified Plans, and contributed $1,375,000 and used $2,474,000 to satisfy a portion of retirement obligations during fiscal 2017. The Company also contributed $1,223,000 and used $1,344,000 to satisfy a portion of retirement obligations during fiscal 2016. The trusts’ assets included investments and life insurance policies on the lives of former key executives. As of February 25, 2017 and February 27, 2016, the trusts’ investments had an aggregate value of $10,236,000 and $9,853,000, respectively. The investments were held primarily in mutual funds and are classified as other noncurrent assets. All investments held in the trusts are valued at fair value using Level 1 Inputs, which are unadjusted quoted prices in active markets for identical assets or liabilities. The Company has accounted for the restricted investments as trading securities. The life insurance policies held in the trusts are carried at fair value and were classified as other noncurrent assets. The policies had cash surrender values of $6,060,000 and $5,912,000, and death benefits of $11,373,000 and $11,355,000 as of February 25, 2017 and February 27, 2016, respectively. The trusts’ assets are restricted and may only be used to satisfy obligations to the Non-Qualified Plans’ participants. The Company also owns and is the beneficiary of a number of life insurance policies on the lives of former key executives that are unrestricted as to use. At the discretion of the Company’s Board of Directors such policies could be contributed to the trusts described above or to the trusts established for the purpose of setting aside funds to be used to satisfy obligations arising from supplemental retirement plans described below. The cash surrender value of the unrestricted policies was $13,739,000 and $13,432,000, and the death benefit was $20,246,000 and $20,100,000 as of February 25, 2017 and February 27, 2016, respectively. The cash surrender value of these policies is included in other noncurrent assets. The Company maintains supplemental retirement plans for certain of its current and former executive officers. These plans provide that upon death, disability, reaching retirement age or certain termination events, a participant will receive benefits based on highest compensation, years of service and years of plan participation. The Company recorded expenses related to the plans of $6,990,000, $3,555,000 and $5,993,000 in fiscal 2017, 2016 and 2015, respectively. Fiscal 2017 included a curtailment charge related to revised defined benefit plan assumptions of $1,562,000 during the third quarter of fiscal 2017 and a settlement expense of $1,868,000 during the fourth quarter of fiscal 2017 as a result of the departure of the Company’s former Chief Executive Officer (“former CEO”). These supplemental retirement plans are not funded and thus have no plan assets. However, a trust has been established for the purpose of setting aside funds to be used to settle the plans’ obligations upon retirement or death of certain participants. The trust assets are consolidated in the Company’s financial statements and consist of interest bearing investments in the amount of $97,000 and $32,000 as of February 25, 2017 and February 27, 2016, respectively, which are included in other noncurrent assets. The investments are restricted and may only be used to satisfy retirement obligations to certain participants. The Company has accounted for the restricted investments as available-for-sale securities. During fiscal 2017, the Company contributed $1,000,000 and used $935,000 to fund tax obligations for retirement benefits related to the departure of the Company’s former CEO. During fiscal 2016, the Company contributed $7,691,000 and used $7,676,000 to fund retirement benefits and taxes for the Company’s former Chief Financial Officer, who retired during fiscal 2015 and received payment during fiscal 2016. Any future contributions will be made at the discretion of the Company’s Board of Directors. Funds from the trust will be used to fund or partially fund benefit payments. The Company expects to pay $127,000 during fiscal 2018, $4,472,000 during fiscal 2019, $172,000 during fiscal 2020, $246,000 during fiscal 2021, $245,000 during fiscal 2022, and $1,206,000 during fiscal years 2023 through 2027 under the plans. Measurement of obligations for the plans is calculated as of each fiscal year end. The following provides a reconciliation of benefit obligations and funded status of the plans as of February 25, 2017 and February 27, 2016 (in thousands): 2017 2016 Change in projected benefit obligation: Projected benefit obligation, beginning of year $ 28,191 $ 25,404 Service cost 917 1,468 Interest cost 696 634 Actuarial loss 705 812 Benefits paid (including settlements) (24,355 ) (127 ) Curtailment 1,517 — Projected benefit obligation, end of year $ 7,671 $ 28,191 Reconciliation of funded status: Projected benefit obligation $ 7,671 $ 28,191 Plan assets — — Funded status $ (7,671 ) $ (28,191 ) Accumulated benefit obligation $ (7,671 ) $ (28,191 ) Amounts recognized in the balance sheets: Current liability $ (127 ) $ (127 ) Noncurrent liability (7,544 ) (28,064 ) Accumulated other comprehensive loss, pre-tax 559 3,719 Net amount recognized $ (7,112 ) $ (24,472 ) Cumulative other comprehensive (income) loss, net of taxes of $1,640 and $2,871 in fiscal 2017 and 2016, respectively $ (1,081 ) $ 850 Weighted average assumptions used to determine: Benefit obligation, end of year: Discount rate 3.75 % 2.75% Lump-sum conversion discount rate 3.00 % 3.50% Rate of compensation increase (1) 3.00 % 3.00% Net periodic benefit cost for years ended: Discount rate 2.75 % 2.50% Lump-sum conversion discount rate 3.50 % 4.00% Rate of compensation increase 0.00 % 0.00% (1) The rate of compensation increase shown above assumes an increase of 0% for fiscal year 2018 and 3% for fiscal years thereafter. Employment of the Company’s former CEO ended on December 31, 2016. As of that date, the former CEO had earned an early retirement benefit payment of $24,228,000, under the Pier 1 Imports, Inc. Supplemental Retirement Plan which was not included in the projected benefit obligation at fiscal 2017 year end. The lump sum distribution benefit payment will be paid in fiscal 2018 and was included in other accrued liabilities at fiscal 2017 year end. Net periodic benefit cost included the following actuarially determined components during fiscal 2017, 2016 and 2015 as shown in the table below (in thousands). The amortization of amounts related to unrecognized prior service costs and net actuarial loss were reclassified out of other comprehensive income as a component of net periodic benefit cost. 2017 2016 2015 Service cost $ 917 $ 1,468 $ 1,402 Interest cost 696 634 823 Amortization of unrecognized prior service cost 45 59 410 Amortization of net actuarial loss 1,902 1,394 1,329 Settlement 1,868 — 1,248 Curtailment 1,562 — 781 Net periodic benefit cost $ 6,990 $ 3,555 $ 5,993 As of February 25, 2017 and February 27, 2016, cumulative other comprehensive loss included amounts that had not been recognized as components of net periodic benefit cost related to prior service cost of $30,000 and $118,000, and net actuarial loss of $529,000 and $3,601,000, respectively. During fiscal 2017, 2016 and 2015, $(705,000), $(812,000) and $(2,772,000), respectively, were recognized in other comprehensive income (loss) related to net actuarial loss for the period. The estimated prior service cost and net actuarial loss that will be amortized from cumulative other comprehensive loss into net periodic benefit cost in fiscal 2018 are $30,000 and $529,000, respectively.

Matters Concerning Shareholders

Matters Concerning Shareholders' Equity	12 Months Ended
	Feb. 25, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Matters Concerning Shareholders' Equity	NOTE 6 — MATTERS CONCERNING SHAREHOLDERS’ EQUITY The Pier 1 Imports, Inc. 2015 Stock Incentive Plan (“2015 Plan”) was approved by the shareholders on June 25, 2015. The aggregate number of shares available for issuance under the 2015 Plan included a new authorization of 2,500,000 shares, plus 2,507,407 shares that remained available for grant under the Pier 1 Imports, Inc. 2006 Stock Incentive Plan (“2006 Plan”) as of June 25, 2015, increased by the number of shares subject to outstanding awards under the 2006 Plan as of June 25, 2015, which was 3,009,974 shares that cease for any reason to be subject to such awards (other than by reason of exercise or settlement of the awards to the extent that they are exercised for or settled in vested and non-forfeitable shares of common stock or that are withheld for payment of applicable employment taxes and/or withholding obligations of an award), subject to adjustment in the event of stock splits and certain other corporate events. As of February 25, 2017, there were a total of 3,951,914 shares available for issuance under the 2015 Plan. Restricted stock awarded to the former CEO Equity awarded to the newly appointed President and Chief Executive Officer The restricted stock grant will consist of two awards. The first award will be time-based shares that cliff vest after three years. Compensation expense will be measured using the closing price of the Company’s stock on the date of grant and will have a grant date fair value of approximately $500,000. The second award of restricted stock will consist of 25% time-based shares and 75% performance-based shares with a grant date fair value of approximately $2,000,000. Vesting terms, performance measures, and the allocation of performance-based shares among specific measures will be determined by the Compensation Committee of the Board of Directors. Restricted stock awarded to certain employees As of February 25, 2017 and February 27, 2016, the Company had 2,710,011 and 1,333,346 unvested shares of restricted stock awards outstanding, respectively. During fiscal 2017, 1,913,388 shares of restricted stock were awarded, 160,904 shares of restricted stock vested, and 375,819 shares of restricted stock were forfeited. The weighted average fair market value at the date of grant of the restricted stock shares awarded during fiscal 2017 was $6.00 per share and will be expensed over the requisite service period. This amount includes performance-based restricted shares awarded in a previous fiscal year that were based on a fiscal 2017 targeted performance measure. Restricted stock compensation expense The Company realized a total tax benefit related to stock-based compensation of $1,783,000, $1,270,000 and $5,856,000 during fiscal years 2017, 2016 and 2015, respectively, of which $312,000, $585,000 and $2,936,000 were recorded as excess tax benefits. See Note 7 of the Notes to Consolidated Financial Statements for additional discussion of income taxes. Stock options As of February 25, 2017 and February 27, 2016, outstanding options covering 107,800 and 232,974 shares were exercisable under the 2006 Plan, respectively. Options were granted at exercise prices equal to the fair market value of the Company’s common stock at the date of grant. Options currently exercisable issued under both the 2006 Plan and the 2015 Plan vest over a period of four years and have a term of ten years from the grant date. The options will be fully vested upon death, disability or retirement of the associate. The Compensation Committee of the Board of Directors serves as the administrative committee of the 2006 Plan and 2015 Plan and has the discretion to take certain actions with respect to stock options, such as accelerating the vesting, upon certain corporate changes (as defined in the 2006 Plan and 2015 Plan). A summary of stock option transactions related to the Company’s stock option grants during the three fiscal years is as follows: Exercisable Shares Shares Weighted Weighted Number Weighted Outstanding at March 1, 2014 1,857,873 $ 9.45 1,830,900 $ 9.31 Options granted 11,300 17.78 $ 4.25 Options exercised (187,625 ) 10.97 Options cancelled or expired (233,000 ) 17.09 Outstanding at February 28, 2015 1,448,548 8.09 1,419,712 7.86 Options granted 15,500 14.04 3.98 Options exercised (77,500 ) 7.46 Options cancelled or expired (176,000 ) 14.06 Outstanding at February 27, 2016 1,210,548 7.34 1,176,974 7.06 Options granted 23,000 6.99 2.85 Options exercised (966,500 ) 6.71 Options cancelled or expired (142,248 ) 10.57 Outstanding at February 25, 2017 124,800 8.50 107,800 8.22 For options outstanding at February 25, 2017 Ranges of Exercise Prices Total Weighted Weighted Shares Weighted $4.24 — $6.99 20,500 $ 5.65 5.44 10,000 $ 4.24 $7.45 — $11.47 90,100 7.74 0.82 90,100 7.74 $14.04 — $23.19 14,200 17.43 6.96 7,700 18.93 As of February 25, 2017, the weighted average remaining contractual term for outstanding and exercisable options was 2.3 years and 1.3 years, respectively. The aggregate intrinsic value was $26,300 for both outstanding and exercisable options at fiscal 2017 year end. The total intrinsic value of options exercised for fiscal years 2017, 2016 and 2015 was approximately $1,137,000, $430,000 and $1,101,000, respectively. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. At February 25, 2017, there was approximately $30,000 of total unrecognized compensation expense related to unvested stock option awards, which is expected to be recognized over a weighted average period of 2.4 years. The fair value of the stock options is amortized on a straight-line basis as compensation expense over the vesting periods of the options. The Company recorded stock-based compensation expense related to stock options of approximately $48,000, $87,000 and $92,000 in fiscal 2017, 2016 and 2015, respectively. Director deferred stock units Stock purchase plan Preferred Stock Dividends Shares reserved for future issuances Share repurchase plan Shares Purchased Date Program Announced Authorized Date Fiscal Fiscal Fiscal Weighted Remaining Oct. 18, 2013 $ 200,000,000 Apr. 10, 2014 — — 5,071,812 $ 19.35 (1) $ — Apr. 10, 2014 200,000,000 — 1,794,053 7,460,935 5,208,500 11.30 36,610,131 (1) Represents weighted average cost for all share repurchases under the October 18, 2013 program. Subsequent to year end, through April 19, 2017, under the $200 million board-approved share repurchase program announced on April 10, 2014, the Company utilized a total of $311,000 to repurchase 45,000 shares of the Company’s common stock at a weighted average price per share of $6.91 and $36,299,000 remained available for further repurchases under that program. Rights Agreement In general terms, the Rights restrict any person or group from acquiring beneficial ownership of 10% or more of the Company’s outstanding common stock (including certain derivative securities whose value is based on the common stock) after the date of the announcement of the adoption of the Rights Agreement. The Rights will not prevent a takeover of the Company, but may cause substantial dilution to acquirers of 10% or more of the Company’s common stock, which may block or render more difficult a merger, tender offer or other business combination involving the Company that is not supported by the Board of Directors. Each Right entitles the holder to purchase a fraction of a share of the Company’s participating junior preferred stock having economic and voting terms similar to one share of the Company’s common stock at an exercise price of $17.50 per Right after the Rights become exercisable or, in the alternative, to purchase a number of shares of common stock from the Company having an aggregate market value (as defined in the Rights Agreement) equal to twice the exercise price for an amount in cash equal to the exercise price. The Rights become exercisable if any person or group acquires 10% or more of the Company’s common stock (in which case, they would become an “acquiring person”) or announces a tender offer for the Company, subject to certain exceptions set forth in the Rights Agreement. Shareholders who beneficially owned 10% or more of the Company’s common stock immediately prior to the announcement of the Rights Agreement will not be an “acquiring person” unless they acquire beneficial ownership of an additional 1% of the Company’s outstanding common stock. The Rights will expire on the close of business following the Company’s 2017 annual meeting of shareholders, unless earlier redeemed or exchanged, and unless the Rights Agreement is approved for extension by the shareholders, in which case the Rights would expire on a later date approved by the shareholders.

Income Taxes

Income Taxes	12 Months Ended
	Feb. 25, 2017
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 – INCOME TAXES The components of income before taxes for each of the last three fiscal years, by tax jurisdiction, were as follows (in thousands): 2017 2016 2015 Domestic $ 39,818 $ 54,887 $ 111,338 Foreign 5,441 8,278 9,064 Income before income taxes $ 45,259 $ 63,165 $ 120,402 The provision for income taxes for each of the last three fiscal years consisted of (in thousands): 2017 2016 2015 Federal: Current $ 30,062 $ 14,600 $ 30,771 Deferred (17,842 ) 2,352 5,620 State: Current 3,491 2,248 4,402 Deferred (1,803 ) 2,265 2,027 Foreign: Current 1,222 2,066 2,420 Deferred — — — Total income tax provision $ 15,130 $ 23,531 $ 45,240 The differences between income taxes at the statutory federal income tax rate of 35% in fiscal 2017, 2016 and 2015, and income tax reported in the consolidated statements of operations were as follows (in thousands): 2017 2016 2015 Tax provision at statutory federal income tax rate $ 15,841 $ 22,108 $ 42,141 State income taxes, net of federal provision 929 2,703 4,402 Change in valuation allowance 168 232 (224) Foreign income taxes 1,222 2,066 2,420 Foreign and other tax credits (2,161) (4,561) (3,436) Other, net (869) 983 (63) Provision for income taxes $ 15,130 $ 23,531 $ 45,240 Effective tax rate 33.4% 37.3% 37.6% Deferred tax assets and liabilities at February 25, 2017 and February 27, 2016, were comprised of the following (in thousands): 2017 2016 Deferred tax assets: Deferred compensation $ 23,692 $ 21,750 Accrued average rent 14,130 12,998 Self insurance reserves 11,719 11,245 Cumulative foreign currency translation 3,316 4,205 Deferred revenue and revenue reserves 5,224 5,136 Foreign and other tax credits 2,655 2,403 Other 4,033 4,254 Total deferred tax assets $ 64,769 $ 61,991 Deferred tax liabilities: Properties and equipment, net $ (24,084 ) $ (28,510) Inventory (18,613 ) (23,733) Store supplies (3,629 ) (3,679) Deferred gain on debt repurchase (7,342 ) (11,014) Other (1,082 ) (782) Total deferred tax liabilities $ (54,750 ) $ (67,718) Valuation allowance $ (822 ) $ (654) Net deferred tax assets (1) $ 9,197 $ (6,381) (1) The Company adopted retrospectively ASU 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” in the fourth quarter of fiscal 2016. All deferred tax assets and liabilities are classified as noncurrent, accordingly. For fiscal 2017 and 2016, state deferred tax assets were $4,590 and $3,199, respectively, and federal deferred tax assets were $4,607 and $0, respectively. Deferred tax assets are included in noncurrent assets. Deferred tax liabilities were $0 and $9,580 for fiscal 2017 and 2016, respectively, and the balance in fiscal 2016 was related to federal deferred tax liabilities. Deferred tax liabilities are included in other noncurrent liabilities. Deferred tax assets related to state net operating losses at February 25, 2017 and February 27, 2016, were $236,000 and $426,000, respectively. State loss carryforwards vary as to the carryforward period and will expire from fiscal 2020 through fiscal 2033. The Company believes that it is not more likely than not that the benefit from certain state tax credits, which will expire from fiscal 2024 through fiscal 2037, will be realized. Accordingly, the Company has provided a valuation allowance of $822,000 and $654,000 with respect to the deferred tax assets relating to these state tax credits as of February 25, 2017 and February 27, 2016, respectively. The Company is subject to taxation in the United States and various state, provincial, local and foreign (primarily Canadian) jurisdictions. With few exceptions, as of fiscal 2017, the Company is no longer subject to U.S. federal or state examinations by tax authorities for years before fiscal 2014. Certain tax years prior to fiscal 2014 are subject to examination by certain state and foreign jurisdictions. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): 2017 2016 2015 Unrecognized tax benefits — beginning balance $ 2,551 $ 765 $ 6,673 Gross increases — tax positions in current period 4,643 231 — Gross increases — tax positions in prior period 225 1,862 282 Gross decreases — tax positions in prior period (320 ) (60 ) (1,458 ) Settlements (83 ) (81 ) (4,732 ) Expiration of statute of limitations (26 ) (166 ) — Unrecognized tax benefits — ending balance $ 6,990 $ 2,551 $ 765 As of February 25, 2017, the Company had total unrecognized tax benefits of $6,990,000, the majority of which would, if recognized, affect the Company’s effective tax rate. As of February 27, 2016, the Company had unrecognized tax benefits of $2,551,000, the majority of which would, if recognized, affect the Company’s effective tax rate. It is reasonably possible a significant portion of the Company’s gross unrecognized tax benefits could decrease within the next twelve months primarily due to state settlements. Interest associated with unrecognized tax benefits is recorded in nonoperating (income) and expenses. Penalties associated with unrecognized tax benefits are recorded in SG&A expenses. The Company recorded expenses for tax interest and penalties, net of refunds, of $142,000, $286,000 and $3,000 in fiscal 2017, 2016 and 2015, respectively. The Company had accrued penalties and interest of $379,000 and $508,000 at February 25, 2017 and February 27, 2016, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Feb. 25, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8 — COMMITMENTS AND CONTINGENCIES Leases Fiscal Year Operating Subtenant 2018 $ 235,719 $ 1,309 2019 205,952 1,100 2020 173,130 1,088 2021 144,161 1,102 2022 120,769 1,113 Thereafter 283,455 1,315 Total lease commitments $ 1,163,186 $ 7,027 Rental expense, which includes distribution and fulfillment center space and corporate headquarters, was $264,735,000, $269,540,000 and $263,276,000 in fiscal 2017, 2016 and 2015, respectively. These amounts include contingent rentals of $223,000, $400,000 and $508,000, based upon a percentage of sales, and net of sublease incomes totaling $646,000, $322,000 and $285,000 in fiscal 2017, 2016 and 2015, respectively. Legal matters The Company announced in January 2016 a voluntary recall of its Swingasan Chair and Stand in cooperation with the Consumer Products Safety Commission (“CPSC”). In September 2016, the Company received a staff investigatory letter from the CPSC indicating that the CPSC is investigating whether the Company complied with certain reporting requirements of the Consumer Product Safety Act with respect to the recall. The Company is responding to the inquiry and cooperating with the CPSC. It is not possible at this time to determine what, if any, actions will be taken by the CPSC as a consequence of the inquiry, whether a civil penalty will be assessed or, if assessed, the amount thereof. Given the nature of this matter and the uncertainty as to whether the matter will progress beyond the investigative phase, a reasonable estimate of potential loss or range of loss cannot be made at this time and no assurances can be given that a penalty, if assessed, would not have a material adverse effect on the Company’s financial condition, results of operations or liquidity. The Company is a defendant in lawsuits pending in federal courts in California containing various class action allegations under California state wage-and-hour laws. These lawsuits seek unspecified monetary damages, injunctive relief and attorneys’ fees. While it is not possible to predict the outcome of these lawsuits, as of the date of this report, the Company does not believe any reasonably foreseeable resolution of these matters would have a material adverse effect on the Company’s financial condition, results of operations or liquidity. During fiscal years 2017, 2016 and 2015, there were various other claims, lawsuits, inquiries, investigations and pending actions against the Company incident to the operations of its business. The Company considers these other matters to be ordinary and routine in nature. The Company maintains insurance against the consolidated class action noted in the first paragraph under this section Legal matters

Selected Quarterly Financial Da

Selected Quarterly Financial Data	12 Months Ended
	Feb. 25, 2017
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data	NOTE 9 — SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Summarized quarterly financial data for the years ended February 25, 2017 and February 27, 2016, are set forth below (in thousands except per share amounts): Three Months Ended Fiscal 2017 5/28/2016 8/27/2016 11/26/2016 2/25/2017 Net sales $ 418,370 405,823 475,901 528,352 Gross profit $ 148,967 145,036 196,393 206,912 SG&A expenses $ 142,724 135,777 160,833 148,509 Operating income (loss) $ (7,808 ) (4,339 ) 22,253 44,756 Net income (loss) $ (6,020 ) (4,069 ) 13,577 26,641 Average shares outstanding — basic 81,663 80,437 80,680 80,898 Average shares outstanding — diluted 81,663 80,437 80,683 81,156 Basic earnings (loss) per share $ (0.07 ) (0.05 ) 0.17 0.33 Diluted earnings (loss) per share $ (0.07 ) (0.05 ) 0.17 0.33 Three Months Ended Fiscal 2016 5/30/2015 8/29/2015 11/28/2015 2/27/2016 Net sales $ 436,866 434,992 478,047 542,325 Gross profit $ 169,539 154,554 183,993 196,894 SG&A expenses $ 143,587 133,415 151,554 150,272 Operating income $ 13,558 8,385 19,657 33,608 Net income $ 6,874 3,166 10,919 18,675 Average shares outstanding — basic 88,295 86,038 83,877 81,546 Average shares outstanding — diluted 89,021 86,717 84,170 81,574 Basic earnings per share $ 0.08 0.04 0.13 0.23 Diluted earnings per share $ 0.08 0.04 0.13 0.23

Description of Business and S19

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Feb. 25, 2017
Accounting Policies [Abstract]
Organization	Organization www.pier1.com.
Basis of consolidation	Basis of consolidation
Segment information	Segment information
Use of estimates	Use of estimates
Reclassifications	Reclassifications
Fiscal periods	Fiscal periods
Cash and cash equivalents, including temporary investments	Cash and cash equivalents, including temporary investments
Translation of foreign currencies	Translation of foreign currencies
Concentrations of risk	Concentrations of risk
Financial instruments	Financial instruments Risk management instruments Periodically, the Company hedges certain commitments denominated in foreign currencies through the purchase of forward contracts. The forward contracts are purchased to cover a portion of commitments to buy merchandise for resale. The Company also, on occasion, uses contracts to hedge its exposure associated with the repatriation of funds from its Canadian operations. As of February 25, 2017 and February 27, 2016, there were no material outstanding contracts to hedge exposure associated with the Company’s merchandise purchases denominated in foreign currencies or the repatriation of Canadian funds. For financial accounting purposes, the Company does not designate such contracts as hedges. Thus, changes in the fair value of both types of forward contracts would be included in the Company’s consolidated statements of operations. The changes in fair value and settlement of these contracts were not material and were included in cost of sales for forward contracts related to merchandise purchases, and in selling, general & administrative (“SG&A”) expenses for forward contracts associated with the repatriation of Canadian funds. When the Company enters into forward foreign currency exchange contracts, it enters into them with major financial institutions and monitors its positions with, and the credit quality of, these counterparties to such financial instruments.
Accounts receivable	Accounts receivable
Inventories	Inventories The Company recognizes known inventory losses, shortages and damages when incurred and maintains a reserve for estimated shrinkage since the last physical count, when actual shrinkage was recorded. The amount of the reserve is estimated based on historical experience from the results of its physical inventories. The reserves for estimated shrinkage at the end of fiscal 2017 and 2016 were $4,156,000 and $5,312,000, respectively.
Properties and equipment, net	Properties and equipment, net straight-line Expenditures for maintenance, repairs and renewals that do not materially prolong the original useful lives of the assets are charged to expense as incurred. In the case of disposals, assets and the related depreciation are removed from the accounts and the net amount, less proceeds from disposal, is credited or charged to income. Long-lived assets are reviewed for impairment at least annually or whenever an event or change in circumstances indicates that their carrying values may not be recoverable. If the impairment analysis indicates that the carrying value of the assets exceeds the sum of the expected undiscounted cash flows, the assets may be considered impaired. For store level long-lived assets, expected cash flows are determined based on management’s estimate of future sales, merchandise margin rates and expenses over the remaining expected terms of the leases. Impairment, if any, is recorded in the period in which the impairment occurred. The Company recorded impairment charges of $2,934,000 in fiscal 2017 which were included in SG&A expenses. The Company recorded no material impairment charges in fiscal 2016 or 2015. As the projection of future cash flows requires the use of judgment and estimates, if actual results differ from the Company’s estimates, additional charges for asset impairments may be recorded in the future.
Insurance provision	Insurance provision
Revenue recognition	Revenue recognition
Cost of sales	Cost of sales
Gift cards	Gift cards
Leases	Leases
Advertising costs	Advertising costs
Defined benefit plans	Defined benefit plans Note 5 of the Notes to Consolidated Financial Statements
Income taxes	Income taxes Note 7 of the Notes to Consolidated Financial Statements
Earnings per share	Earnings per share Earnings per share amounts were calculated as follows (in thousands except per share amounts): Year Ended February 25, February 27, February 28, Net income $ 30,129 $ 39,634 $ 75,162 Weighted average shares outstanding: Basic 80,919 84,939 91,081 Effect of dilutive stock options 17 316 696 Effect of dilutive restricted stock 48 115 351 Diluted 80,984 85,370 92,128 Earnings per share: Basic $ 0.37 $ 0.47 $ 0.83 Diluted $ 0.37 $ 0.46 $ 0.82 Outstanding stock options totaling 1,433,771 for fiscal 2017, 402,311 for fiscal 2016 and 114,623 for fiscal 2015 were excluded from the computation of earnings per share, as the effect would be antidilutive.
Stock-based compensation	Stock-based compensation Note 6 of the Notes to Consolidated Financial Statements . The Company estimates forfeitures based on its historical forfeiture experience, and adjusts forfeiture estimates based on actual forfeiture experience for all awards with service conditions. The effect of any forfeiture adjustments was not material for the periods presented.
New accounting standards	New accounting standards “Revenue from Contracts with Customers (Topic 606).” “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date.” “Revenue from Contracts with Customers: Principal versus Agent Considerations.” “Identifying Performance Obligations and Licensing,” Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers In April 2015, the FASB issued ASU 2015-05, “Customers Accounting for Cloud Computing Costs.” “Technical Corrections and Improvements” Customers Accounting for Cloud Computing Costs” In July 2015, the FASB issued ASU 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory.” In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842),” In March 2016, the FASB issued ASU 2016-09, “Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230).” In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.” In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230) – Restricted Cash.” In March 2017, the FASB issued ASU 2017-07, “Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.”

Description of Business and S20

Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Feb. 25, 2017
Accounting Policies [Abstract]
Calculation of Earnings Per Share	Earnings per share amounts were calculated as follows (in thousands except per share amounts): Year Ended February 25, February 27, February 28, Net income $ 30,129 $ 39,634 $ 75,162 Weighted average shares outstanding: Basic 80,919 84,939 91,081 Effect of dilutive stock options 17 316 696 Effect of dilutive restricted stock 48 115 351 Diluted 80,984 85,370 92,128 Earnings per share: Basic $ 0.37 $ 0.47 $ 0.83 Diluted $ 0.37 $ 0.46 $ 0.82

Properties and Equipment, Net (

Properties and Equipment, Net (Tables)	12 Months Ended
	Feb. 25, 2017
Property, Plant and Equipment [Abstract]
Summary of Properties and Equipment, Net	Properties and equipment, net are summarized as follows at February 25, 2017 and February 27, 2016 (in thousands): 2017 2016 Land $ 535 $ 535 Buildings 8,077 8,087 Equipment, furniture, fixtures and other 344,893 355,561 Leasehold improvements 210,811 210,546 Computer software 123,855 101,391 Projects in progress 8,860 13,271 697,031 689,391 Less accumulated depreciation 505,555 481,758 Properties and equipment, net $ 191,476 $ 207,633

Other Accrued Liabilities and22

Other Accrued Liabilities and Noncurrent Liabilities (Tables)	12 Months Ended
	Feb. 25, 2017
Payables and Accruals [Abstract]
Summary of Other Accrued Liabilities and Noncurrent Liabilities	The following is a summary of other accrued liabilities and noncurrent liabilities at February 25, 2017 and February 27, 2016 (in thousands): 2017 2016 Accrued payroll and other employee-related liabilities $ 82,028 $ 54,034 Accrued taxes, other than income 27,818 23,718 Rent-related liabilities 8,655 7,966 Other 15,365 15,994 Other accrued liabilities $ 133,866 $ 101,712 Rent-related liabilities $ 32,420 $ 29,467 Deferred gains 3,522 4,594 Retirement benefits 21,301 42,634 Other 3,431 10,797 Other noncurrent liabilities $ 60,674 $ 87,492

Long-Term Debt and Available 23

Long-Term Debt and Available Credit (Tables)	12 Months Ended
	Feb. 25, 2017
Debt Disclosure [Abstract]
Term loan Facility Maturity	The Term Loan Facility matures as follows (in thousands): Fiscal Year Amount 2018 $ 2,000 2019 2,000 2020 2,000 2021 2,000 Thereafter 187,000 Total 195,000 Debt Issuance Costs (2,149 ) Debt Discount (1,175 ) Total Debt $ 191,676

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Feb. 25, 2017
Compensation and Retirement Disclosure [Abstract]
Reconciliation of Benefit Obligations and Funded Status of Plans	The following provides a reconciliation of benefit obligations and funded status of the plans as of February 25, 2017 and February 27, 2016 (in thousands): 2017 2016 Change in projected benefit obligation: Projected benefit obligation, beginning of year $ 28,191 $ 25,404 Service cost 917 1,468 Interest cost 696 634 Actuarial loss 705 812 Benefits paid (including settlements) (24,355 ) (127 ) Curtailment 1,517 — Projected benefit obligation, end of year $ 7,671 $ 28,191 Reconciliation of funded status: Projected benefit obligation $ 7,671 $ 28,191 Plan assets — — Funded status $ (7,671 ) $ (28,191 ) Accumulated benefit obligation $ (7,671 ) $ (28,191 ) Amounts recognized in the balance sheets: Current liability $ (127 ) $ (127 ) Noncurrent liability (7,544 ) (28,064 ) Accumulated other comprehensive loss, pre-tax 559 3,719 Net amount recognized $ (7,112 ) $ (24,472 ) Cumulative other comprehensive (income) loss, net of taxes of $1,640 and $2,871 in fiscal 2017 and 2016, respectively $ (1,081 ) $ 850 Weighted average assumptions used to determine: Benefit obligation, end of year: Discount rate 3.75 % 2.75% Lump-sum conversion discount rate 3.00 % 3.50% Rate of compensation increase (1) 3.00 % 3.00% Net periodic benefit cost for years ended: Discount rate 2.75 % 2.50% Lump-sum conversion discount rate 3.50 % 4.00% Rate of compensation increase 0.00 % 0.00% (1) The rate of compensation increase shown above assumes an increase of 0% for fiscal year 2018 and 3% for fiscal years thereafter.
Components of Net Periodic Benefit Cost	Net periodic benefit cost included the following actuarially determined components during fiscal 2017, 2016 and 2015 as shown in the table below (in thousands). The amortization of amounts related to unrecognized prior service costs and net actuarial loss were reclassified out of other comprehensive income as a component of net periodic benefit cost. 2017 2016 2015 Service cost $ 917 $ 1,468 $ 1,402 Interest cost 696 634 823 Amortization of unrecognized prior service cost 45 59 410 Amortization of net actuarial loss 1,902 1,394 1,329 Settlement 1,868 — 1,248 Curtailment 1,562 — 781 Net periodic benefit cost $ 6,990 $ 3,555 $ 5,993

Matters Concerning Shareholde25

Matters Concerning Shareholders' Equity (Tables)	12 Months Ended
	Feb. 25, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Grants	A summary of stock option transactions related to the Company’s stock option grants during the three fiscal years is as follows: Exercisable Shares Shares Weighted Weighted Number Weighted Outstanding at March 1, 2014 1,857,873 $ 9.45 1,830,900 $ 9.31 Options granted 11,300 17.78 $ 4.25 Options exercised (187,625 ) 10.97 Options cancelled or expired (233,000 ) 17.09 Outstanding at February 28, 2015 1,448,548 8.09 1,419,712 7.86 Options granted 15,500 14.04 3.98 Options exercised (77,500 ) 7.46 Options cancelled or expired (176,000 ) 14.06 Outstanding at February 27, 2016 1,210,548 7.34 1,176,974 7.06 Options granted 23,000 6.99 2.85 Options exercised (966,500 ) 6.71 Options cancelled or expired (142,248 ) 10.57 Outstanding at February 25, 2017 124,800 8.50 107,800 8.22
Shares Outstanding by Ranges of Exercise Prices	For options outstanding at February 25, 2017 Ranges of Exercise Prices Total Weighted Weighted Shares Weighted $4.24 — $6.99 20,500 $ 5.65 5.44 10,000 $ 4.24 $7.45 — $11.47 90,100 7.74 0.82 90,100 7.74 $14.04 — $23.19 14,200 17.43 6.96 7,700 18.93
Share Repurchase Plan	The following table summarizes the Company’s total repurchases of its common stock during fiscal 2017, 2016 and 2015: Shares Purchased Date Program Announced Authorized Date Fiscal Fiscal Fiscal Weighted Remaining Oct. 18, 2013 $ 200,000,000 Apr. 10, 2014 — — 5,071,812 $ 19.35 (1) $ — Apr. 10, 2014 200,000,000 — 1,794,053 7,460,935 5,208,500 11.30 36,610,131 (1) Represents weighted average cost for all share repurchases under the October 18, 2013 program.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Feb. 25, 2017
Income Tax Disclosure [Abstract]
Components of Income Before Taxes	The components of income before taxes for each of the last three fiscal years, by tax jurisdiction, were as follows (in thousands): 2017 2016 2015 Domestic $ 39,818 $ 54,887 $ 111,338 Foreign 5,441 8,278 9,064 Income before income taxes $ 45,259 $ 63,165 $ 120,402
Provision for Income Taxes	The provision for income taxes for each of the last three fiscal years consisted of (in thousands): 2017 2016 2015 Federal: Current $ 30,062 $ 14,600 $ 30,771 Deferred (17,842 ) 2,352 5,620 State: Current 3,491 2,248 4,402 Deferred (1,803 ) 2,265 2,027 Foreign: Current 1,222 2,066 2,420 Deferred — — — Total income tax provision $ 15,130 $ 23,531 $ 45,240
Income Tax Reported in Consolidated Statements of Operations	The differences between income taxes at the statutory federal income tax rate of 35% in fiscal 2017, 2016 and 2015, and income tax reported in the consolidated statements of operations were as follows (in thousands): 2017 2016 2015 Tax provision at statutory federal income tax rate $ 15,841 $ 22,108 $ 42,141 State income taxes, net of federal provision 929 2,703 4,402 Change in valuation allowance 168 232 (224) Foreign income taxes 1,222 2,066 2,420 Foreign and other tax credits (2,161) (4,561) (3,436) Other, net (869) 983 (63) Provision for income taxes $ 15,130 $ 23,531 $ 45,240 Effective tax rate 33.4% 37.3% 37.6%
Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities at February 25, 2017 and February 27, 2016, were comprised of the following (in thousands): 2017 2016 Deferred tax assets: Deferred compensation $ 23,692 $ 21,750 Accrued average rent 14,130 12,998 Self insurance reserves 11,719 11,245 Cumulative foreign currency translation 3,316 4,205 Deferred revenue and revenue reserves 5,224 5,136 Foreign and other tax credits 2,655 2,403 Other 4,033 4,254 Total deferred tax assets $ 64,769 $ 61,991 Deferred tax liabilities: Properties and equipment, net $ (24,084 ) $ (28,510) Inventory (18,613 ) (23,733) Store supplies (3,629 ) (3,679) Deferred gain on debt repurchase (7,342 ) (11,014) Other (1,082 ) (782) Total deferred tax liabilities $ (54,750 ) $ (67,718) Valuation allowance $ (822 ) $ (654) Net deferred tax assets (1) $ 9,197 $ (6,381) (1) The Company adopted retrospectively ASU 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” in the fourth quarter of fiscal 2016. All deferred tax assets and liabilities are classified as noncurrent, accordingly. For fiscal 2017 and 2016, state deferred tax assets were $4,590 and $3,199, respectively, and federal deferred tax assets were $4,607 and $0, respectively. Deferred tax assets are included in noncurrent assets. Deferred tax liabilities were $0 and $9,580 for fiscal 2017 and 2016, respectively, and the balance in fiscal 2016 was related to federal deferred tax liabilities. Deferred tax liabilities are included in other noncurrent liabilities.
Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): 2017 2016 2015 Unrecognized tax benefits — beginning balance $ 2,551 $ 765 $ 6,673 Gross increases — tax positions in current period 4,643 231 — Gross increases — tax positions in prior period 225 1,862 282 Gross decreases — tax positions in prior period (320 ) (60 ) (1,458 ) Settlements (83 ) (81 ) (4,732 ) Expiration of statute of limitations (26 ) (166 ) — Unrecognized tax benefits — ending balance $ 6,990 $ 2,551 $ 765

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Feb. 25, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Minimum Lease Commitments and Future Subtenant Receipts	At February 25, 2017, the Company had the following minimum lease commitments and future subtenant receipts in the years indicated (in thousands): Fiscal Year Operating Subtenant 2018 $ 235,719 $ 1,309 2019 205,952 1,100 2020 173,130 1,088 2021 144,161 1,102 2022 120,769 1,113 Thereafter 283,455 1,315 Total lease commitments $ 1,163,186 $ 7,027

Selected Quarterly Financial 28

Selected Quarterly Financial Data (Tables)	12 Months Ended
	Feb. 25, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Data	Summarized quarterly financial data for the years ended February 25, 2017 and February 27, 2016, are set forth below (in thousands except per share amounts): Three Months Ended Fiscal 2017 5/28/2016 8/27/2016 11/26/2016 2/25/2017 Net sales $ 418,370 405,823 475,901 528,352 Gross profit $ 148,967 145,036 196,393 206,912 SG&A expenses $ 142,724 135,777 160,833 148,509 Operating income (loss) $ (7,808 ) (4,339 ) 22,253 44,756 Net income (loss) $ (6,020 ) (4,069 ) 13,577 26,641 Average shares outstanding — basic 81,663 80,437 80,680 80,898 Average shares outstanding — diluted 81,663 80,437 80,683 81,156 Basic earnings (loss) per share $ (0.07 ) (0.05 ) 0.17 0.33 Diluted earnings (loss) per share $ (0.07 ) (0.05 ) 0.17 0.33 Three Months Ended Fiscal 2016 5/30/2015 8/29/2015 11/28/2015 2/27/2016 Net sales $ 436,866 434,992 478,047 542,325 Gross profit $ 169,539 154,554 183,993 196,894 SG&A expenses $ 143,587 133,415 151,554 150,272 Operating income $ 13,558 8,385 19,657 33,608 Net income $ 6,874 3,166 10,919 18,675 Average shares outstanding — basic 88,295 86,038 83,877 81,546 Average shares outstanding — diluted 89,021 86,717 84,170 81,574 Basic earnings per share $ 0.08 0.04 0.13 0.23 Diluted earnings per share $ 0.08 0.04 0.13 0.23

Description of Business and S29

Description of Business and Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Feb. 25, 2017USD ($)Segmentshares	Feb. 27, 2016USD ($)shares	Feb. 28, 2015USD ($)shares	Mar. 03, 2018USD ($)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of operating segment | Segment	1
Cash and cash equivalents, temporary investments	$ 149,375,000	$ 110,413,000
Cumulative other comprehensive income (loss) related to translation adjustments	(8,450,000)	(9,724,000)	$ (7,425,000)
Adjustments for currency translation resulted in other comprehensive income (loss), net of tax	1,274,000	(2,299,000)	(3,729,000)
Assets or liabilities with a fair value significantly different from the recorded value	0	0
Reserves for estimated shrinkage of inventory	4,156,000	5,312,000
Depreciation	54,603,000	50,944,000	46,304,000
Impairment charges	2,934,000	0	0
Workers compensation and general liability claims deductible	1,000,000
Workers compensation liability	25,632,000	25,399,000
General liability insurance claims not settled	5,559,000	4,585,000
Reserves for estimated merchandise returns	$ 3,068,000	4,227,000
Gift card breakage recognition period from original issuance, months	30 months
Gift card breakage recognized	$ 4,825,000	4,925,000	3,938,000
Operating lease expiring year	2,030
Lease term	10 years
Advertising costs	$ 101,780,000	88,405,000	$ 98,103,000
Prepaid advertising	$ 3,216,000	$ 3,639,000
Outstanding stock options excluded from computation of diluted earnings per share | shares	1,433,771	402,311	114,623
Buildings
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Estimated remaining useful lives of the assets	30 years
Furniture, Fixtures and Equipment | Minimum
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Estimated remaining useful lives of the assets	3 years
Furniture, Fixtures and Equipment | Maximum
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Estimated remaining useful lives of the assets	10 years
Computer Software [Member] | Minimum
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Estimated remaining useful lives of the assets	3 years
Computer Software [Member] | Maximum
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Estimated remaining useful lives of the assets	5 years
Foreign exchange contract | Long
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Material outstanding contracts to hedge exposure associated with merchandise purchases	$ 0	$ 0
CANADA
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Long-lived assets	3,244,000	3,837,000	$ 4,707,000
MEXICO
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Long-lived assets	0	0	0
EL SALVADOR
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Long-lived assets	$ 0	$ 0	$ 0
Subsequent to current year end
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Workers compensation and general liability claims deductible				$ 500,000
Sales Revenue, Net | Product Concentration Risk | UNITED STATES
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	93.20%	93.10%	92.40%
Sales Revenue, Net | Product Concentration Risk | CANADA
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	6.50%	6.30%	6.90%
Sales Revenue, Product Line [Member] | Geographic Concentration Risk | CHINA
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	58.00%
Sales Revenue, Product Line [Member] | Geographic Concentration Risk | INDIA
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	17.00%
Sales Revenue, Product Line [Member] | Geographic Concentration Risk | Vietnam Indonesia And United States
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	17.00%

Calculation of Earnings Per Sha

Calculation of Earnings Per Share Amounts (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 25, 2017	Nov. 26, 2016	Aug. 27, 2016	May 28, 2016	Feb. 27, 2016	Nov. 28, 2015	Aug. 29, 2015	May 30, 2015	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Earnings Per Share Disclosure [Line Items]
Net income	$ 26,641	$ 13,577	$ (4,069)	$ (6,020)	$ 18,675	$ 10,919	$ 3,166	$ 6,874	$ 30,129	$ 39,634	$ 75,162
Basic	80,898	80,680	80,437	81,663	81,546	83,877	86,038	88,295	80,919	84,939	91,081
Diluted	81,156	80,683	80,437	81,663	81,574	84,170	86,717	89,021	80,984	85,370	92,128
Basic	$ 0.33	$ 0.17	$ (0.05)	$ (0.07)	$ 0.23	$ 0.13	$ 0.04	$ 0.08	$ 0.37	$ 0.47	$ 0.83
Diluted	$ 0.33	$ 0.17	$ (0.05)	$ (0.07)	$ 0.23	$ 0.13	$ 0.04	$ 0.08	$ 0.37	$ 0.46	$ 0.82
Employee Stock Option
Earnings Per Share Disclosure [Line Items]
Effect of dilutive stock									17	316	696
Restricted Stock Awards
Earnings Per Share Disclosure [Line Items]
Effect of dilutive stock									48	115	351

Summary of Properties and Equip

Summary of Properties and Equipment, Net (Detail) - USD ($) $ in Thousands	Feb. 25, 2017	Feb. 27, 2016
Property, Plant and Equipment [Abstract]
Land	$ 535	$ 535
Buildings	8,077	8,087
Equipment, furniture, fixtures and other	344,893	355,561
Leasehold improvements	210,811	210,546
Computer software	123,855	101,391
Projects in progress	8,860	13,271
Properties, gross	697,031	689,391
Less accumulated depreciation	505,555	481,758
Properties and equipment, net	$ 191,476	$ 207,633

Summary of Other Accrued Liabil

Summary of Other Accrued Liabilities and Noncurrent Liabilities (Detail) - USD ($) $ in Thousands	Feb. 25, 2017	Feb. 27, 2016
Accrued Liabilities and Other Liabilities [Abstract]
Accrued payroll and other employee-related liabilities	$ 82,028	$ 54,034
Accrued taxes, other than income	27,818	23,718
Rent-related liabilities	8,655	7,966
Other	15,365	15,994
Other accrued liabilities	133,866	101,712
Rent-related liabilities	32,420	29,467
Deferred gains	3,522	4,594
Retirement benefits	21,301	42,634
Other	3,431	10,797
Other noncurrent liabilities	$ 60,674	$ 87,492

Long-Term Debt and Available 33

Long-Term Debt and Available Credit - Additional Information (Detail) - USD ($)	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Term Loan Facility
Debt Instrument [Line Items]
Carrying value of long term debt	$ 191,676,000
Weighted average effective interest rate	5.10%
Term loan facility, maturity date	Apr. 30, 2021
Borrowings under term loan facility	$ 195,000,000
Term loan facility, quarterly amortization of principal amount of loans	0.25%
Term loan incremental maximum borrowing capacity	$ 200,000,000
Fair Value, Inputs, Level 2 | Term Loan Facility
Debt Instrument [Line Items]
Fair value of term loan facility	$ 183,179,000
LIBOR | Term Loan Facility
Debt Instrument [Line Items]
Basis points	3.50%
LIBOR | Term Loan Facility | Minimum
Debt Instrument [Line Items]
Interest floor rate	1.00%
Base Rate | Term Loan Facility
Debt Instrument [Line Items]
Basis points	2.50%
Base Rate | Term Loan Facility | Minimum
Debt Instrument [Line Items]
Interest floor rate	2.00%
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility , maximum borrowing capacity	$ 350,000,000
Credit facility accordion feature	100,000,000
Potential increase to credit facility	$ 450,000,000
Credit facility, maturity date	2018-06
Unused portion of credit facility, basis point	0.25%
Percentage of minimum availability on line cap	10.00%
Minimum availability on line cap, amount	$ 20,000,000
Payments of dividends less than 17.5%	350,000,000
Fixed charge coverage less than 30%	350,000,000
Credit facility borrowing base	346,157,000
Remaining borrowing	$ 307,106,000
Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Basis points	1.25%
Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Basis points	1.75%
Revolving Credit Facility | Prime Rate | Minimum
Debt Instrument [Line Items]
Basis points	0.25%
Revolving Credit Facility | Prime Rate | Maximum
Debt Instrument [Line Items]
Basis points	0.75%
Standby letters of credit
Debt Instrument [Line Items]
Commitment fee	1.25%	1.25%
Standby letters of credit | Minimum
Debt Instrument [Line Items]
Basis points	1.25%
Standby letters of credit | Maximum
Debt Instrument [Line Items]
Basis points	1.75%
Standby letters of credit | Workers' Compensation And General Liability Insurance Policies
Debt Instrument [Line Items]
Borrowings outstanding	$ 21,177,000
Trade letter of credit
Debt Instrument [Line Items]
Commitment fee	0.625%	0.625%
Trade letter of credit | Minimum
Debt Instrument [Line Items]
Basis points	0.625%
Trade letter of credit | Maximum
Debt Instrument [Line Items]
Basis points	0.875%
Trade Letters Of Credit And Bankers Acceptances
Debt Instrument [Line Items]
Borrowings outstanding	$ 39,051,000
Other Miscellaneous Standby Letters Of Credit
Debt Instrument [Line Items]
Borrowings outstanding	$ 8,159,000
Industrial Revenue Bonds
Debt Instrument [Line Items]
Industrial revenue bonds, maturity date	2,026
Carrying value of long term debt	$ 9,500,000	$ 9,500,000
Weighted average effective interest rate	2.20%	1.70%	1.70%
Industrial Revenue Bonds | Standby letters of credit
Debt Instrument [Line Items]
Borrowings outstanding	$ 9,715,000

Term Loan Facility Maturity (De

Term Loan Facility Maturity (Detail) - Term Loan Facility $ in Thousands	Feb. 25, 2017USD ($)
Debt Instrument [Line Items]
2,018	$ 2,000
2,019	2,000
2,020	2,000
2,021	2,000
Thereafter	187,000
Total	195,000
Debt Issuance Costs	(2,149)
Debt Discount	(1,175)
Total Debt	$ 191,676

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Feb. 25, 2017	Nov. 26, 2016	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Defined Benefit Plan Disclosure [Line Items]
Minimum age eligibility, years			18 years
Minimum employment period for eligibility, days			60 days
Company matching contribution			3.00%	3.00%	3.00%
Contributions by Company to the plan			$ 2,958,000	$ 2,823,000	$ 2,455,000
Interest bearing investments included in other noncurrent assets	$ 97,000		97,000	32,000
Company's expense for the plans			6,990,000	3,555,000	5,993,000
Curtailment charge related to revised defined benefit plan			(1,562,000)		(781,000)
Defined benefit plan settlement expense			(1,868,000)		(1,248,000)
Benefit payments expected in fiscal 2018	127,000		127,000
Benefit payments expected in fiscal 2019	4,472,000		4,472,000
Benefit payments expected in fiscal 2020	172,000		172,000
Benefit payments expected in fiscal 2021	246,000		246,000
Benefit payments expected in fiscal 2022	245,000		245,000
Benefit payments expected during fiscal years 2023 through 2027	1,206,000		1,206,000
Amounts of cumulative other comprehensive loss not recognized as components of net periodic benefit cost related to prior service cost	30,000		30,000	118,000
Amounts of cumulative other comprehensive loss not recognized as components of net periodic benefit cost related to net actuarial gain			529,000	3,601,000
Net actuarial loss recognized in other comprehensive income (loss)			(705,000)	(812,000)	$ (2,772,000)
Estimated amortization of prior service cost from cumulative other comprehensive loss into net periodic cost in 2018			30,000
Estimated amortization of net actuarial loss from cumulative other comprehensive loss into net periodic cost in 2018			529,000
Former Chief Executive Officer
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to trust			1,000,000
Amount used to fund tax obligations for retirements benefits			935,000
Retirement benefit payment	24,228,000		24,228,000
Former Chief Financial Officer
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to trust				7,691,000
Amount used to fund retirements benefits and taxes				7,676,000
Life insurance policies
Defined Benefit Plan Disclosure [Line Items]
Cash surrender value of life insurance policy	13,739,000		13,739,000	13,432,000
Death benefit of life insurance policy	20,246,000		$ 20,246,000	$ 20,100,000
Minimum
Defined Benefit Plan Disclosure [Line Items]
Employees contribution for Company match			1.00%	1.00%	1.00%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Employees contribution for Company match			5.00%	5.00%	5.00%
Nonqualified deferred compensation plans
Defined Benefit Plan Disclosure [Line Items]
Company's expense for the plans			$ 2,347,000	$ 13,000	$ 1,269,000
Cash contributions to trust			1,375,000	1,223,000
Restricted investments sold to fund retirement benefits			2,474,000	1,344,000
Interest bearing investments included in other noncurrent assets	10,236,000		10,236,000	9,853,000
Cash surrender values of life insurance policies			6,060,000	5,912,000
Nonqualified deferred compensation plans | Death benefit plan
Defined Benefit Plan Disclosure [Line Items]
Death benefits of life insurance policy			11,373,000	11,355,000
Supplemental Employee Retirement Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Company's expense for the plans			$ 6,990,000	$ 3,555,000	$ 5,993,000
Curtailment charge related to revised defined benefit plan		$ 1,562,000
Supplemental Employee Retirement Plans, Defined Benefit | Former Chief Executive Officer
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan settlement expense	$ 1,868,000

Reconciliation of Benefit Oblig

Reconciliation of Benefit Obligations and Funded Status of Plans (Detail) - USD ($) $ in Thousands		12 Months Ended
		Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015	Feb. 25, 2017	Feb. 27, 2016
Change in projected benefit obligation:
Projected benefit obligation, beginning of year		$ 28,191	$ 25,404
Service cost		917	1,468	$ 1,402
Interest cost		696	634	823
Actuarial loss		705	812
Benefits paid (including settlements)		(24,355)	(127)
Curtailment		1,517
Projected benefit obligation, end of year		7,671	28,191	25,404
Reconciliation of funded status:
Projected benefit obligation		28,191	25,404	$ 25,404	$ 7,671	$ 28,191
Plan assets					0	0
Funded status					(7,671)	(28,191)
Accumulated benefit obligation					(7,671)	(28,191)
Amounts recognized in the balance sheets:
Current liability					(127)	(127)
Noncurrent liability					(7,544)	(28,064)
Accumulated other comprehensive loss, pre-tax					559	3,719
Net amount recognized					$ (7,112)	$ (24,472)
Cumulative other comprehensive (income) loss, net of taxes of $1,640 and $2,871 in fiscal 2017 and 2016, respectively		$ (1,081)	$ 850
Benefit obligation, end of year:
Discount rate					3.75%	2.75%
Lump-sum conversion discount rate					3.00%	3.50%
Rate of compensation increase	[1]				3.00%	3.00%
Net periodic benefit cost for years ended:
Discount rate		2.75%	2.50%
Lump-sum conversion discount rate		3.50%	4.00%
Rate of compensation increase		0.00%	0.00%
[1]	The rate of compensation increase shown above assumes an increase of 0% for fiscal year 2018 and 3% for fiscal years thereafter.

Reconciliation of Benefit Obl37

Reconciliation of Benefit Obligations and Funded Status of Plans (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016
Compensation and Retirement Disclosure [Abstract]
Cumulative other comprehensive (income) loss, taxes	$ 1,640	$ 2,871
Anticipated increase for fiscal years, 2018	0.00%
Anticipated increase for fiscal years, thereafter	3.00%

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost	$ 917	$ 1,468	$ 1,402
Interest cost	696	634	823
Amortization of unrecognized prior service cost	45	59	410
Amortization of net actuarial loss	1,902	1,394	1,329
Settlement	1,868		1,248
Curtailment	1,562		781
Net periodic benefit cost	$ 6,990	$ 3,555	$ 5,993

Matters Concerning Shareholde39

Matters Concerning Shareholders' Equity - Additional Information (Detail)	Apr. 19, 2017USD ($)$ / sharesshares	Apr. 12, 2017$ / shares	Apr. 03, 2017USD ($)Award_plan	Sep. 27, 2016Right$ / shares	Nov. 26, 2016USD ($)shares	Feb. 25, 2017USD ($)$ / sharesshares	Feb. 27, 2016USD ($)$ / sharesshares	Feb. 28, 2015USD ($)$ / sharesshares	Jun. 25, 2015shares	Mar. 01, 2014shares	Mar. 23, 2006shares
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Prior period authorized aggregate number of shares available for issuance | shares						4,608,808
Realized tax benefit related to stock-based compensation | $						$ 1,783,000	$ 1,270,000	$ 5,856,000
Excess tax benefit related to stock-based compensation | $						$ 312,000	$ 585,000	$ 2,936,000
Outstanding options exercisable | shares						107,800	1,176,974	1,419,712		1,830,900
Options exercised, Shares | shares						966,500	77,500	187,625
Percentage of non-employee directors contribution to stock purchase plan						100.00%
Percentage of company contributes to stock purchase plan						25.00%
Company contributions to the plan | $						$ 363,000	$ 424,000	$ 465,000
Preferred stock, restated certificate of incorporation authorized | shares						20,000,000
Par value of preferred stock | $ / shares						$ 1
Preferred stock issued, shares | shares						0
Cash dividends paid | $						$ 22,501,000	$ 23,672,000	$ 21,627,000
Common stock, dividends, per share | $ / shares						$ 0.28	$ 0.28	$ 0.24
Dividend right payable record date				Oct. 7, 2016		Apr. 26, 2017
Dividends payable, date to be paid						May 10, 2017
Cost of shares repurchased | $						$ 10,566,000	$ 75,000,000	$ 173,932,000
Number of dividend right declared to common stock holders | Right				1
Exercise price per right | $ / shares				$ 17.50
Rights exercisable conditions						The Rights become exercisable if any person or group acquires 10% or more of the Company's common stock (in which case, they would become an "acquiring person") or announces a tender offer for the Company, subject to certain exceptions set forth in the Rights Agreement. Shareholders who beneficially owned 10% or more of the Company's common stock immediately prior to the announcement of the Rights Agreement will not be an "acquiring person" unless they acquire beneficial ownership of an additional 1% of the Company's outstanding common stock.
Additional conditions for beneficial ownership percentage				1.00%
Conditions for beneficial ownership percentage				10.00%
Maximum
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Percentage of associate contribution to stock purchase plan						20.00%
Maximum acquiring beneficial ownership percentage without right restrictions				10.00%
Subsequent Event
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Number of restricted stock award forms | Award_plan			2
Common stock, dividends, per share | $ / shares		$ 0.07
Share Repurchase Program April 2014 | Subsequent Event
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Share repurchase program authorized amount | $	$ 200,000,000
Common stock repurchased under Share repurchase plan | shares	45,000
Weighted Average Cost | $ / shares	$ 6.91
Amount remained for repurchase | $	$ 36,299,000
Cost of shares repurchased | $	$ 311,000
President And Chief Executive Officer | Subsequent Event
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Grant date fair value of the stock options | $			$ 1,000,000
Grant date fair value of the stock options pricing model			Black-Scholes option pricing model
Grant date fair value of the stock options, Term			10 years
President And Chief Executive Officer | Subsequent Event | Third Anniversary
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Stock option vesting percentage			25.00%
President And Chief Executive Officer | Subsequent Event | Fourth Anniversary
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Stock option vesting percentage			25.00%
President And Chief Executive Officer | Subsequent Event | Fifth Anniversary
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Stock option vesting percentage			50.00%
Restricted Stock Two | Subsequent Event
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Restricted stock award grand date fair value | $			$ 2,000,000
Restricted Stock Awards
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Weighted average grant date fair value | $ / shares						$ 6
Unvested shares of restricted stock awards outstanding | shares						2,710,011	1,333,346
Shares awarded | shares						1,913,388
Awards other than options vested in period | shares						160,904
Awards other than options forfeited in period | shares						375,819
Recorded stock-based compensation expense | $						$ 8,180,000	$ 4,978,000	7,240,000
Total unrecognized compensation expense related to unvested stock option awards | $						$ 20,038,000
Weighted average period for recognizing unrecognized compensation expense, in years						1 year 6 months
Total fair value of awards vested | $						$ 3,671,000	2,510,000	7,098,000
Restricted Stock Awards | Former Chief Executive Officer | Termination Agreement
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Additional expense for accelerated vesting of unvested restricted stock awards | $					$ 3,908,000
Restricted stock awards, accelerated vesting, shares | shares					570,000
Employee Stock Option
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Recorded stock-based compensation expense | $						48,000	87,000	92,000
Total unrecognized compensation expense related to unvested stock option awards | $						$ 30,000
Weighted average period for recognizing unrecognized compensation expense, in years						2 years 4 months 24 days
Weighted average remaining contractual term for outstanding options, in years						2 years 3 months 18 days
Weighted average remaining contractual term for exercisable options, in years						1 year 3 months 18 days
Aggregate intrinsic value for outstanding options | $						$ 26,300
Aggregate intrinsic value for exercisable options | $						26,300
Total intrinsic value of options exercised | $						$ 1,137,000	$ 430,000	1,101,000
Time-Based Long-Term Incentive Awards
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Vesting period, years						3 years
Percentage of award vested in year one						33.00%
Percentage of award vested in year two						33.00%
Percentage of award vested in year three						34.00%
Expense per share | $ / shares						$ 6.99
Performance-Based Long-Term Incentive Awards
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Weighted average grant date fair value | $ / shares						$ 5.60
Performance-Based Long-Term Incentive Awards | Performance Based Granted in Prior Period
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Stock option vesting percentage						80.00%
Weighted average grant date fair value | $ / shares						$ 6.41
Performance Shares
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Expense per share | $ / shares						$ 4.98
Percentage of increase or decrease on total shareholder return						10.00%
Performance Shares | Former Chief Executive Officer | Termination Agreement
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Restricted stock awards, accelerated vesting, shares | shares					240,000
Performance Shares | Restricted Stock Two | Subsequent Event
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Percentage of restricted stock award forms			75.00%
Director Deferred Stock Units
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Shares awarded | shares						146,850
Percentage of matching contribution to annual retainer fees deferred						25.00%
Deferred compensation arrangement shares deferred, but not delivered | shares						532,100	385,250
Stock units delivered | shares						0
Compensation expense for director deferred stock awards | $						$ 834,000	$ 800,000	$ 826,000
Time-Based Restricted Shares | Former Chief Executive Officer | Termination Agreement
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Restricted stock awards, accelerated vesting, shares | shares					180,000
Time-Based Restricted Shares | Restricted Stock One | Subsequent Event
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Vesting period, years			3 years
Restricted stock award grand date fair value | $			$ 500,000
Time-Based Restricted Shares | Restricted Stock Two | Subsequent Event
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Percentage of restricted stock award forms			25.00%
Employment Inducement Award | Former Chief Executive Officer
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Outstanding options exercisable | shares							944,000
Options exercised, Shares | shares						944,000
2015 Stock Incentive Plan
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Prior period authorized aggregate number of shares available for issuance | shares						3,951,914			2,500,000
2015 Stock Incentive Plan | Employee Stock Option
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Vesting period, years						4 years
Term from date of grant, years						10 years
2006 Stock Incentive Plan
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Outstanding options exercisable | shares						107,800	232,974
2006 Stock Incentive Plan | Maximum
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Prior period authorized aggregate number of shares available for issuance | shares									3,009,974		2,507,407
2006 Stock Incentive Plan | Employee Stock Option
Share Based Compensation Arrangements and Share Repurchase Plan [Line Items]
Vesting period, years						4 years
Term from date of grant, years						10 years

Summary of Stock Option Grants

Summary of Stock Option Grants (Detail) - $ / shares	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options Outstanding, Shares, Beginning Balance	1,210,548	1,448,548	1,857,873
Options granted, Shares	23,000	15,500	11,300
Options exercised, Shares	(966,500)	(77,500)	(187,625)
Options cancelled or expired, Shares	(142,248)	(176,000)	(233,000)
Options Outstanding, Shares, Ending Balance	124,800	1,210,548	1,448,548
Options outstanding, Weighted Average Exercise Price, Beginning Balance	$ 7.34	$ 8.09	$ 9.45
Options granted, Weighted Average Exercise Price	6.99	14.04	17.78
Options exercised, Weighted Average Exercise Price	6.71	7.46	10.97
Options cancelled or expired, Weighted Average Exercise Price	10.57	14.06	17.09
Options outstanding, Weighted Average Exercise Price, Ending Balance	$ 8.50	$ 7.34	$ 8.09
Options outstanding, Exercisable Shares, Number of Shares, Beginning Balance	1,176,974	1,419,712	1,830,900
Options granted, Weighted Average Fair Value at Date of Grant	$ 2.85	$ 3.98	$ 4.25
Options outstanding, Exercisable Shares, Number of Shares, Ending Balance	107,800	1,176,974	1,419,712
Options outstanding, Exercisable Shares, Weighted Average Exercise Price, Beginning Balance	$ 7.06	$ 7.86	$ 9.31
Options outstanding, Exercisable Shares, Weighted Average Exercise Price, Ending Balance	$ 8.22	$ 7.06	$ 7.86

Shares Outstanding by Ranges of

Shares Outstanding by Ranges of Exercise Prices (Detail)	12 Months Ended
	Feb. 25, 2017$ / sharesshares
$4.24 - $6.99
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Shares outstanding, Ranges of Exercise Prices, Lower Range Limit	$ 4.24
Shares outstanding, Ranges of Exercise Prices, Upper Range Limit	$ 6.99
Total Shares | shares	20,500
Weighted Average Exercise Price	$ 5.65
Weighted Average Remaining Contractual Life (in years)	5 years 5 months 9 days
Shares Currently Exercisable | shares	10,000
Weighted Average Exercise Price- Exercisable Shares	$ 4.24
$7.45 - $11.47
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Shares outstanding, Ranges of Exercise Prices, Lower Range Limit	7.45
Shares outstanding, Ranges of Exercise Prices, Upper Range Limit	$ 11.47
Total Shares | shares	90,100
Weighted Average Exercise Price	$ 7.74
Weighted Average Remaining Contractual Life (in years)	9 months 26 days
Shares Currently Exercisable | shares	90,100
Weighted Average Exercise Price- Exercisable Shares	$ 7.74
$14.04 - $23.19
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Shares outstanding, Ranges of Exercise Prices, Lower Range Limit	14.04
Shares outstanding, Ranges of Exercise Prices, Upper Range Limit	$ 23.19
Total Shares | shares	14,200
Weighted Average Exercise Price	$ 17.43
Weighted Average Remaining Contractual Life (in years)	6 years 11 months 16 days
Shares Currently Exercisable | shares	7,700
Weighted Average Exercise Price- Exercisable Shares	$ 18.93

Share Repurchase Plan (Detail)

Share Repurchase Plan (Detail) - USD ($)		12 Months Ended
		Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Oct. 18, 2013
Equity, Class of Treasury Stock [Line Items]
Date Announced		Oct. 18, 2013
Authorized Amount		$ 200,000,000
Date Completed		Apr. 10, 2014
Shares Purchased				5,071,812
Weighted Average Cost	[1]	$ 19.35
Apr. 10, 2014
Equity, Class of Treasury Stock [Line Items]
Date Announced		Apr. 10, 2014
Authorized Amount		$ 200,000,000
Shares Purchased		1,794,053	7,460,935	5,208,500
Weighted Average Cost		$ 11.30
Remaining		$ 36,610,131
[1]	Represents weighted average cost for all share repurchases under the October 18, 2013 program.

Components of Income Before Tax

Components of Income Before Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Income before income taxes, Domestic	$ 39,818	$ 54,887	$ 111,338
Income before income taxes, Foreign	5,441	8,278	9,064
Income before income taxes	$ 45,259	$ 63,165	$ 120,402

Provision for Income Taxes (Det

Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Federal, Current	$ 30,062	$ 14,600	$ 30,771
Federal, Deferred	(17,842)	2,352	5,620
State, Current	3,491	2,248	4,402
State, Deferred	(1,803)	2,265	2,027
Foreign, Current	1,222	2,066	2,420
Foreign, Deferred	0	0	0
Provision for income taxes	$ 15,130	$ 23,531	$ 45,240

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015	Mar. 01, 2014
Income Taxes [Line Items]
Statutory federal income tax rate	35.00%	35.00%	35.00%
Unrecognized tax benefits	$ 6,990	$ 2,551	$ 765	$ 6,673
Unrecognized tax benefits, income tax penalties and interest	142	286	$ 3
Unrecognized tax benefits, income tax penalties and interest accrued	379	508
State
Income Taxes [Line Items]
Net operating loss carryforward	236	426
Valuation allowance, deferred tax assets	$ 822	$ 654
State | Earliest Tax Year
Income Taxes [Line Items]
State net operating loss carryforwards expiration year	2,020
Tax credit carryforwards expiration year	2,024
State | Latest Tax Year
Income Taxes [Line Items]
State net operating loss carryforwards expiration year	2,033
Tax credit carryforwards expiration year	2,037

Income Tax Reported in Consolid

Income Tax Reported in Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Tax provision at statutory federal income tax rate	$ 15,841	$ 22,108	$ 42,141
State income taxes, net of federal provision	929	2,703	4,402
Change in valuation allowance	168	232	(224)
Foreign income taxes	1,222	2,066	2,420
Foreign and other tax credits	(2,161)	(4,561)	(3,436)
Other, net	(869)	983	(63)
Provision for income taxes	$ 15,130	$ 23,531	$ 45,240
Effective tax rate	33.40%	37.30%	37.60%

Deferred Tax Assets and Liabili

Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands		Feb. 25, 2017	Feb. 27, 2016
Income Tax Disclosure [Abstract]
Deferred compensation		$ 23,692	$ 21,750
Accrued average rent		14,130	12,998
Self insurance reserves		11,719	11,245
Cumulative foreign currency translation		3,316	4,205
Deferred revenue and revenue reserves		5,224	5,136
Foreign and other tax credits		2,655	2,403
Other		4,033	4,254
Total deferred tax assets		64,769	61,991
Properties and equipment, net		(24,084)	(28,510)
Inventory		(18,613)	(23,733)
Store supplies		(3,629)	(3,679)
Deferred gain on debt repurchase		(7,342)	(11,014)
Other		(1,082)	(782)
Total deferred tax liabilities		(54,750)	(67,718)
Valuation allowance		(822)	(654)
Net deferred tax liability	[1]		$ (6,381)
Net deferred tax assets	[1]	$ 9,197
[1]	The Company adopted retrospectively ASU 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes" in the fourth quarter of fiscal 2016. All deferred tax assets and liabilities are classified as noncurrent, accordingly. For fiscal 2017 and 2016, state deferred tax assets were $4,590 and $3,199, respectively, and federal deferred tax assets were $4,607 and $0, respectively. Deferred tax assets are included in noncurrent assets. Deferred tax liabilities were $0 and $9,580 for fiscal 2017 and 2016, respectively, and the balance in fiscal 2016 was related to federal deferred tax liabilities. Deferred tax liabilities are included in other noncurrent liabilities.

Deferred Tax Assets and Liabi48

Deferred Tax Assets and Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	Feb. 25, 2017	Feb. 27, 2016
Federal
Components Of Deferred Income Tax Assets And Liabilities [Line Items]
Deferred tax liabilities, noncurrent	$ 0	$ 9,580
State
Components Of Deferred Income Tax Assets And Liabilities [Line Items]
Deferred tax assets net noncurrent	4,590	3,199
Federal
Components Of Deferred Income Tax Assets And Liabilities [Line Items]
Deferred tax assets net noncurrent	$ 4,607	$ 0

Reconciliation of Unrecognized

Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Unrecognized tax benefits - beginning balance	$ 2,551	$ 765	$ 6,673
Gross increases - tax positions in current period	4,643	231
Gross increases - tax positions in prior period	225	1,862	282
Gross decreases - tax positions in prior period	(320)	(60)	(1,458)
Settlements	(83)	(81)	(4,732)
Expiration of statute of limitations	(26)	(166)
Unrecognized tax benefits - ending balance	$ 6,990	$ 2,551	$ 765

Schedule of Minimum Lease Commi

Schedule of Minimum Lease Commitments and Future Subtenant Receipts (Detail) $ in Thousands	Feb. 25, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating Leases, 2018	$ 235,719
Operating Leases, 2019	205,952
Operating Leases, 2020	173,130
Operating Leases, 2021	144,161
Operating Leases, 2022	120,769
Operating Leases, Thereafter	283,455
Total lease commitments	1,163,186
Subtenant Income, 2018	1,309
Subtenant Income, 2019	1,100
Subtenant Income, 2020	1,088
Subtenant Income, 2021	1,102
Subtenant Income, 2022	1,113
Subtenant Income, Thereafter	1,315
Total lease commitments	$ 7,027

Commitments And Contingencies -

Commitments And Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Rental expense	$ 264,735	$ 269,540	$ 263,276
Contingent rentals expense	223	400	508
Sublease incomes	$ 646	$ 322	$ 285

Schedule of Quarterly Financial

Schedule of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 25, 2017	Nov. 26, 2016	Aug. 27, 2016	May 28, 2016	Feb. 27, 2016	Nov. 28, 2015	Aug. 29, 2015	May 30, 2015	Feb. 25, 2017	Feb. 27, 2016	Feb. 28, 2015
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 528,352	$ 475,901	$ 405,823	$ 418,370	$ 542,325	$ 478,047	$ 434,992	$ 436,866	$ 1,828,446	$ 1,892,230	$ 1,884,557
Gross profit	206,912	196,393	145,036	148,967	196,894	183,993	154,554	169,539	697,308	704,980	768,481
SG&A expenses	148,509	160,833	135,777	142,724	150,272	151,554	133,415	143,587	587,843	578,828	594,906
Operating income (loss)	44,756	22,253	(4,339)	(7,808)	33,608	19,657	8,385	13,558	54,862	75,208	127,271
Net income (loss)	$ 26,641	$ 13,577	$ (4,069)	$ (6,020)	$ 18,675	$ 10,919	$ 3,166	$ 6,874	$ 30,129	$ 39,634	$ 75,162
Average shares outstanding - basic	80,898	80,680	80,437	81,663	81,546	83,877	86,038	88,295	80,919	84,939	91,081
Average shares outstanding - diluted	81,156	80,683	80,437	81,663	81,574	84,170	86,717	89,021	80,984	85,370	92,128
Basic earnings (loss) per share	$ 0.33	$ 0.17	$ (0.05)	$ (0.07)	$ 0.23	$ 0.13	$ 0.04	$ 0.08	$ 0.37	$ 0.47	$ 0.83
Diluted earnings (loss) per share	$ 0.33	$ 0.17	$ (0.05)	$ (0.07)	$ 0.23	$ 0.13	$ 0.04	$ 0.08	$ 0.37	$ 0.46	$ 0.82