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Income Taxes (Tables)

12 Months Ended

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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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.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.

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