XML 69 R50.htm IDEA: XBRL DOCUMENT v3.25.1
Compensation Related Costs, Share Based Payments (Tables)
12 Months Ended
Feb. 28, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share Based Payment Award Outstanding Awards [Table Text Block]
Share-based awards outstanding under the Incentive Compensation Plan as of February 28, 2025 are as follows:
Total Outstanding AwardsFebruary 28,
2025
Performance units (1)2,104,516 
Restricted stock units3,048,957 
Total outstanding awards5,153,473 
________________________
(1)This amount represents 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 conditions, and therefore may be significantly lower.
Schedule Of Share Based Payment Award Performance Units Valuation Assumptions [Table Text Block]
2025 PSUs2024 PSUs2023 PSUs
Tranche 2Tranche 1Tranche 3Tranche 2Tranche 1
Risk-free interest rate (1)4.7 %4.9 %3.7 %5.2 %4.0 %2.6 %
Expected term3 years2 years3 years1 year2 years3 years
Estimated volatility (2)38.5 %42.4 %44.1 %38.9 %37.8 %52.2 %
________________________
(1)Based on the U.S. Government bond benchmark on the grant date.
(2)Represents the historical price volatility of our Class A Common Stock for the period prior to the grant date which is equivalent to the expected term of the tranche or award.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block] :
Grant Date Fair Value per PSUYear Ended
February 28,
2025
February 23,
2024
February 24,
2023
Weighted-average grant date fair value per share of PSUs granted
$13.27 $8.30 $11.13 
The weighted-average grant date fair value per share of RSUs granted in 2025, 2024 and 2023 are as follows:
Grant Date Fair Value per ShareYear Ended
February 28,
2025
February 23,
2024
February 24,
2023
Weighted-average grant date fair value per share of RSUs granted$12.32 $8.36 $10.63 
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
The total PSU expense and associated tax benefit recorded in 2025, 2024 and 2023 are as follows:
Performance UnitsYear Ended
February 28,
2025
February 23,
2024
February 24,
2023
Expense$10.1 $6.7 $3.2 
Tax benefit2.5 1.7 0.8 
The total RSU expense and associated tax benefit recorded in 2025, 2024 and 2023 are as follows:
Restricted Stock UnitsYear Ended
February 28,
2025
February 23,
2024
February 24,
2023
Expense$13.4 $18.2 $17.6 
Tax benefit3.3 4.5 4.4 
Schedule Of Share Based Compensation Performance Units Award Activity [Table Text Block]
The 2025 PSU activity is as follows:
Maximum Number of Shares of Nonvested UnitsTotalWeighted-Average
Grant Date
Fair Value per Unit
Nonvested as of February 23, 20241,299,988 $9.51 
Granted1,887,648 13.27 
Vested(456,578)10.77 
Forfeited(105,600)11.20 
Performance adjustments (1)(520,942)12.17 
Nonvested as of February 28, 20252,104,516 $11.84 
________________________
(1)This amount represents the difference between the maximum number of shares that could have been issued for the 2023 PSUs and the number of shares actually earned based on final performance, as modified.
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] The 2025 RSU activity is as follows:
Nonvested UnitsTotalWeighted-Average
Grant Date
Fair Value
per Share
Nonvested as of February 23, 20243,151,634 $9.59 
Granted1,186,304 12.32 
Vested(1,202,796)11.64 
Forfeited(86,185)9.58 
Nonvested as of February 28, 20253,048,957 $9.85