XML 38 R21.htm IDEA: XBRL DOCUMENT
v3.19.1

Stock-Based Compensation | 12 Months Ended
--- | ---
Mar. 02, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-Based Compensation | Share-Based Compensation We have a 2009 Stock Incentive Plan and a 2009 Non-Employee Director Stock Incentive Plan (the Plans) that provide for the issuance of 1,888,000 and 350,000 shares, respectively, for various forms of stock-based compensation to employees and non-employee directors. Awards under these Plans may be in the form of incentive stock options (to employees only), nonstatutory options or stock-settled stock appreciation rights (SARs), all of which are granted with an exercise price equal to the fair market value of the Company’s stock at the date of award. We are also authorized to issue nonvested share awards and nonvested share unit awards under the Plans. Issued SARs vest over a three-year period and options issued to non-employee directors vest at the end of six months, both with a 10-year term. Nonvested share awards and nonvested share unit awards generally vest over a two, three or four-year period. Total stock-based compensation expense under all Plans included in the results of operations was $6.3 million for fiscal 2019, $6.2 million for fiscal 2018 and $6.0 million for 2017. We elect to account for any forfeitures as they occur. Stock Options and SARs There were no stock options or SARs issued in any fiscal year presented. Activity for the current year is summarized as follows:
|  | Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value at Year-End
Outstanding at March 3, 2018 |  | 129,901 |  |  | $ | 11.10 |  |  |  |  |
Awards exercised |  | (29,560 | ) |  | 20.43 |  |  |  |  |
Outstanding and exercisable at March 2, 2019 |  | 100,341 |  |  | $ | 8.34 |  |  | 2.5 Years |  | $ | 2,778,442 |
Cash proceeds from the exercise of stock options were $0.2 million, $0.8 million and $1.9 million for fiscal 2019, 2018 and 2017, respectively. The aggregate intrinsic value of securities exercised (the amount by which the stock price on the date of exercise exceeded the stock price of the award on the date of grant) was $0.6 million, $4.8 million and $6.0 million in fiscal 2019, 2018 and 2017, respectively. Nonvested Share Awards and Units The following table summarizes nonvested share activity for fiscal 2019:
|  | Number of Shares and Units |  | Weighted Average Grant Date Fair Value
March 3, 2018 |  | 266,180 |  |  | $ | 49.22 |
Granted |  | 163,987 |  |  | 43.00 |
Vested |  | (124,112 | ) |  | 46.09 |
Canceled |  | (19,442 | ) |  | 48.93 |
March 2, 2019 |  | 286,613 |  |  | $ | 47.00 |
At March 2, 2019, there was $6.7 million of total unrecognized compensation cost related to nonvested share and nonvested share unit awards, which is expected to be recognized over a weighted average period of approximately 19 months. The total fair value of shares vested during fiscal 2019 was $5.1 million.

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration