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Share-Based Compensation (Tables)
12 Months Ended
Feb. 26, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share Based Payment Award Outstanding Awards [Table Text Block]
Share-based awards currently outstanding under the Incentive Compensation Plan are as follows:
Total Outstanding AwardsFebruary 26,
2021
Performance units (1)898,156 
Restricted stock units2,285,965 
Total outstanding awards3,184,121 
________________________
(1)This amount includes the maximum number of shares that may be issued under outstanding performance unit awards; however, the actual number of shares which may be issued will be determined based on the satisfaction of certain criteria, and therefore may be significantly lower.
Performance Shares [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Share Based Payment Award Performance Units Valuation Assumptions [Table Text Block] The Monte Carlo simulation was computed using the following assumptions:
2021 Awards - Year 12020 Awards - Year 22020 Awards - Year 12019 Awards
Risk-free interest rate (1)0.2 %0.1 %2.3 %2.6 %
Expected term2 years1 year3 years3 years
Estimated volatility (2)58.1 %74.1 %32.5 %33.8 %
________________________
(1)Based on the U.S. Government bond benchmark on the grant date.
(2)Represents the historical price volatility of our Company’s Class A Common Stock for the three-year period preceding the grant date.
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
The total PSU expense and associated tax benefit for all outstanding awards in 2021, 2020 and 2019 are as follows:
Performance UnitsYear Ended
February 26,
2021
February 28,
2020
February 22,
2019
Expense$7.7 $2.7 $4.2 
Tax benefit2.0 0.7 1.1 
Schedule Of Share Based Compensation Performance Units Award Activity [Table Text Block]
The 2021 PSU activity is as follows:
Maximum Number of Nonvested UnitsTotalWeighted-Average
Grant Date
Fair Value per Unit
Nonvested as of February 28, 2020605,080 $17.39 
Granted1,040,842 13.41 
Vested(742,056)15.23 
Forfeited(5,710)13.52 
Nonvested as of February 26, 2021898,156 $14.06 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]
The Monte Carlo simulation resulted in the following weighted-average grant date fair values per PSU with market conditions:
Grant Date Fair Value per PSUYear Ended
February 26,
2021
February 28,
2020
February 22,
2019
Weighted-average grant date fair value per share of PSUs granted under monte carlo$13.29 $16.21 $18.02 
Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Cost by Plan [Table Text Block] 2021, 2020 and 2019 are as follows:
Restricted Stock UnitsYear Ended
February 26,
2021
February 28,
2020
February 22,
2019
Expense$12.4 $13.3 $12.7 
Tax benefit3.1 3.6 3.4 
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] The 2021 RSU activity is as follows:
Nonvested UnitsTotalWeighted-Average
Grant Date
Fair Value
per Share
Nonvested as of February 28, 20201,761,124 $15.28 
Granted1,371,077 9.49 
Vested(800,068)14.45 
Forfeited(46,168)14.39 
Nonvested as of February 26, 20212,285,965 $12.11 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]
The weighted-average grant date fair value per share of RSUs granted in 2021, 2020 and 2019 is as follows:
Grant Date Fair Value per ShareYear Ended
February 26,
2021
February 28,
2020
February 22,
2019
Weighted-average grant date fair value per share of RSUs granted$9.49 $15.84 $14.67