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Fair Value Measurements | 12 Months Ended
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Feb. 28, 2015
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Fair Value Measurements The Company accounts for financial assets and liabilities in accordance with accounting standards that define fair value and establish a framework for measuring fair value. The hierarchy prioritizes the inputs into three broad levels. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value. A financial asset’s or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The Company does not have any Level 3 assets or liabilities. Financial assets and liabilities measured at fair value as of February 28, 2015 and March 1, 2014, are summarized below:
(In thousands) | Quoted Prices in Active Markets (Level 1) |  | Other Observable Inputs (Level 2) |  | Total Fair Value
February 28, 2015 |  |  |  |  |
Cash equivalents |  |  |  |  |
Money market funds | $ | 34,386 |  |  | $ | — |  |  | $ | 34,386 |
Total cash equivalents | 34,386 |  |  | — |  |  | 34,386 |
Available for sale securities |  |  |  |  |
Municipal bonds | — |  |  | 10,982 |  |  | 10,982 |
Total available for sale securities | — |  |  | 10,982 |  |  | 10,982 |
Mutual fund investments |  |  |  |  |
Mutual funds | 305 |  |  | — |  |  | 305 |
Total mutual fund investments | 305 |  |  | — |  |  | 305 |
Total assets at fair value | $ | 34,691 |  |  | $ | 10,982 |  |  | $ | 45,673 |
(In thousands) | Quoted Prices in Active Markets (Level 1) |  | Other Observable Inputs (Level 2) |  | Total Fair Value
March 1, 2014 |  |  |  |  |
Cash equivalents |  |  |  |  |
Money market funds | $ | 12,788 |  |  | $ | — |  |  | $ | 12,788 |
Total cash equivalents | 12,788 |  |  | — |  |  | 12,788 |
Available for sale securities |  |  |  |  |
Municipal bonds | — |  |  | 11,477 |  |  | 11,477 |
Total available for sale securities | — |  |  | 11,477 |  |  | 11,477 |
Restricted investments |  |  |  |  |
Money market funds | 2,540 |  |  | — |  |  | 2,540 |
Total restricted investments | 2,540 |  |  | — |  |  | 2,540 |
Mutual fund investments |  |  |  |  |
Mutual funds | 409 |  |  | — |  |  | 409 |
Total mutual fund investments | 409 |  |  | — |  |  | 409 |
Foreign currency instruments |  |  |  |  |
Foreign currency instruments | — |  |  | 98 |  |  | 98 |
Total foreign currency instruments | — |  |  | 98 |  |  | 98 |
Total assets at fair value | $ | 15,737 |  |  | $ | 11,575 |  |  | $ | 27,312 |
Cash equivalents Cash equivalents include highly liquid investments with an original maturity of three months or less, and consist primarily of money market funds. The cash equivalents are held at fair value based on quoted market prices, which approximates stated cost. Available for sale securities The Company has short-term available-for-sale securities of $0.3 million and long-term available-for-sale securities of $10.7 million as of February 28, 2015, consisting of municipal bonds. All of the Company’s fixed maturity investments are classified as “available-for-sale,” and are carried at fair market value based on prices from recent trades of similar securities. Restricted investments At March 1, 2014, the Company had long-term restricted investments consisting of money market funds, which were short-term in nature but were restricted for investment in the Company’s storefront and entrance business in Michigan, and were, therefore, classified as long term. The restricted investments were held at fair value based on quoted market prices, which approximated stated cost. Mutual fund investments The Company has $0.3 million of mutual fund investments as a long-term funding source for the deferred compensation plan. The mutual fund investments are recorded at estimated fair value, based on quoted market prices, and are included in other non-current assets in the consolidated balance sheet. Foreign Currency Instruments At March 1, 2014, the Company had a foreign exchange forward contract in place to hedge against the effect of exchange rate fluctuations on certain forecasted purchases. The forward contract was measured at fair value using readily observable market inputs, such as quotations on forward foreign exchange points and foreign interest rates.

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13537-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13504-108611 + Details
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