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Employee Benefit Plans (Tables) | 12 Months Ended
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Mar. 02, 2019
Retirement Benefits [Abstract] |
Schedule of Defined Benefit Plans Disclosures | The following tables present reconciliations of the benefit obligation of the defined-benefit pension plans and the funded status of the defined-benefit pension plans. The Tubelite plan uses a measurement date as of the calendar month-end closest to our fiscal year-end, while the SERP uses a measurement date aligned with our fiscal year-end.
(In thousands) |  | 2019 |  | 2018
Change in projected benefit obligation |  |  |  |
Benefit obligation beginning of period |  | $ | 13,834 |  |  | $ | 14,492 |
Interest cost |  | 506 |  |  | 531 |
Actuarial (gain) |  | (19 | ) |  | (175 | )
Benefits paid |  | (1,011 | ) |  | (1,014 | )
Benefit obligation at measurement date |  | 13,310 |  |  | 13,834 |
Change in plan assets |  |  |  |
Fair value of plan assets beginning of period |  | $ | 4,169 |  |  | $ | 4,185 |
Actual return on plan assets |  | 97 |  |  | 10 |
Company contributions |  | 2,075 |  |  | 988 |
Benefits paid |  | (1,011 | ) |  | (1,014 | )
Fair value of plan assets at measurement date |  | 5,330 |  |  | 4,169 |
Underfunded status |  | $ | (7,980 | ) |  | $ | (9,665 | )
Schedule of Amounts Recognized in Balance Sheet | The funded status was recognized in the consolidated balance sheets as follows, as one of our plans was in an overfunded position:
(In thousands) |  | 2019 |  | 2018
Other non-current assets |  | $ | 337 |  |  | $ | — |
Current liabilities |  | (684 | ) |  | (668 | )
Other non-current liabilities |  | (7,633 | ) |  | (8,997 | )
Total |  | $ | (7,980 | ) |  | $ | (9,665 | )
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized as Components of Net Periodic Benefit Cost | The following was included in accumulated other comprehensive loss and has not yet been recognized as a component of net periodic benefit cost:
(In thousands) |  | 2019 |  | 2018
Net actuarial loss |  | $ | 5,025 |  |  | $ | 5,325 |
Schedule of Amounts Recognized in Comprehensive Earnings | The amount recognized in comprehensive earnings, net of tax expense, was:
(In thousands) |  | 2019 |  | 2018
Net actuarial gain |  | $ | 229 |  |  | $ | 284 |
Schedule of Net Benefit Costs | Components of the defined-benefit pension plans' net periodic benefit cost:
(In thousands) |  | 2019 |  | 2018 |  | 2017
Interest cost |  | $ | 506 |  |  | $ | 531 |  |  | $ | 555 |
Expected return on assets |  | (40 | ) |  | (41 | ) |  | (41 | )
Amortization of unrecognized net loss |  | 226 |  |  | 228 |  |  | 225 |
Net periodic benefit cost |  | $ | 692 |  |  | $ | 718 |  |  | $ | 739 |
Schedule of Assumptions Used |
Benefit Obligation Weighted-Average Assumptions |  | 2019 |  | 2018 |  | 2017
Discount rate |  | 3.80 | % |  | 3.80 | % |  | 3.80 | %
Net Periodic Benefit Expense Weighted-Average Assumptions |  | 2019 |  | 2018 |  | 2017
Discount rate |  | 3.85 | % |  | 3.80 | % |  | 3.85 | %
Expected long-term rate of return on assets |  | 4.50 | % |  | 2.00 | % |  | 2.00 | %
Schedule of Expected Benefit Payments | The following benefit payments, which reflect expected future service, are expected to be paid by the plans:
(In thousands) |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025-2029
Estimated future benefit payments |  | $ | 1,054 |  |  | $ | 1,035 |  |  | $ | 1,008 |  |  | $ | 977 |  |  | $ | 946 |  |  | $ | 4,405 |

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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=112275985&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2417-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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