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Income Taxes (Tables) | 12 Months Ended
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Feb. 28, 2021
Income Tax Disclosure [Abstract] |
Schedule Of Income Tax Provision | Income Tax Provision
| Years Ended February 28 or 29
(In thousands) | 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |
Federal | $ | 209,447 |  |  | $ | 225,858 |  |  | $ | 218,497 |
State | 44,678 |  |  | 47,797 |  |  | 49,596 |
Total | 254,125 |  |  | 273,655 |  |  | 268,093 |
Deferred: |  |  |  |  |
Federal | (27,971) |  |  | 146 |  |  | 3,601 |
State | (7,816) |  |  | (1,248) |  |  | (1,301) |
Total | (35,787) |  |  | (1,102) |  |  | 2,300 |
Income tax provision | $ | 218,338 |  |  | $ | 272,553 |  |  | $ | 270,393 |
Schedule Of Effective Income Tax Rate Reconciliation | Effective Income Tax Rate Reconciliation
| Years Ended February 28 or 29
| 2021 |  | 2020 |  | 2019
Federal statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State and local income taxes, net of federal benefit | 3.3 |  |  | 3.4 |  |  | 3.4 |
2017 Tax Act | — |  |  | — |  |  | (0.1) |
Share-based compensation | (1.6) |  |  | (1.1) |  |  | (0.3) |
Nondeductible and other items | 0.5 |  |  | 0.7 |  |  | 0.7 |
Credits | (0.6) |  |  | (0.5) |  |  | (0.4) |
Effective income tax rate | 22.6 | % |  | 23.5 | % |  | 24.3 | %
Schedule Of Temporary Differences Resulting In Deferred Tax Assets And Liabilities | Temporary Differences Resulting in Deferred Tax Assets and Liabilities
| As of February 28 or 29
(In thousands) | 2021 |  | 2020
Deferred tax assets: |  |  |
Accrued expenses and other | $ | 67,185 |  |  | $ | 39,576 |
Partnership basis (1) | 135,437 |  |  | 89,359 |
Operating lease liabilities | 115,583 |  |  | 119,558 |
Share-based compensation | 54,681 |  |  | 51,039 |
Derivatives | 9,317 |  |  | 10,346 |
Capital loss carry forward | 901 |  |  | 917 |
Total deferred tax assets | 383,104 |  |  | 310,795 |
Less: valuation allowance | (901) |  |  | (917) |
Total deferred tax assets after valuation allowance | 382,203 |  |  | 309,878 |
Deferred tax liabilities: |  |  |
Prepaid expenses | 21,302 |  |  | 19,742 |
Property and equipment | 75,383 |  |  | 67,589 |
Operating lease assets | 110,006 |  |  | 114,212 |
Inventory | 11,251 |  |  | 18,493 |
Total deferred tax liabilities | 217,942 |  |  | 220,036 |
Net deferred tax asset | $ | 164,261 |  |  | $ | 89,842 |
(1) As discussed in Note 1(X), we adopted CECL during the first quarter of fiscal 2021. This adoption resulted in the recognition of a $48.7 million increase in net deferred tax assets as of March 1, 2020.
Schedule Of Reconciliation Of Unrecognized Tax Benefits | Reconciliation of Unrecognized Tax Benefits
| Years Ended February 28 or 29
(In thousands) | 2021 |  | 2020 |  | 2019
Balance at beginning of year | $ | 30,865 |  |  | $ | 30,270 |  |  | $ | 28,685 |
Increases for tax positions of prior years | 188 |  |  | 3,493 |  |  | 2,035 |
Decreases for tax positions of prior years | (4,468) |  |  | (2,913) |  |  | (266) |
Increases based on tax positions related to the current year | 3,634 |  |  | 4,170 |  |  | 2,498 |
Settlements | (4) |  |  | (326) |  |  | (44) |
Lapse of statute | (1,218) |  |  | (3,829) |  |  | (2,638) |
Balance at end of year | $ | 28,997 |  |  | $ | 30,865 |  |  | $ | 30,270 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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