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Stock-Based Compensation (Tables) | 12 Months Ended
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Feb. 27, 2021
Share-based Payment Arrangement [Abstract] |
Stock Options Weighted Average Assumptions | The fair value of each award grant is estimated on the date of grant using the binomial lattice option-pricing model with the following weighted-average assumptions used for grants in fiscal 2021.
| 2021
Dividend yield | 3.3 | %
Expected volatility | 40.0 | %
Risk-free interest rate | 0.7 | %
Maximum price | $ | 35.70 |
Award transactions on stock options |
|  | Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value at Year-End
Outstanding at February 29, 2020 |  | 100,341 |  |  | $ | 8.34 |  |  |  |  |
Awards granted |  | 660,600 |  |  | 23.04 |  |  |  |  |
Awards exercised |  | (127,241) |  |  | 11.45 |  |  |  |  |
Outstanding at February 27, 2021 |  | 633,700 |  |  | $ | 23.04 |  |  | 9.3 years |  | $ | 9,099,932 |
Vested or expected to vest at February 27, 2021 |  | 633,700 |  |  | $ | 23.04 |  |  | 9.3 years |  | $ | 9,099,932 |
Exercisable at February 27, 2021 |  | 215,600 |  |  | $ | 23.04 |  |  | 9.3 years |  | $ | 3,096,016 |
Nonvested share award transactions | The following table summarizes nonvested share activity for fiscal February 27, 2021:
|  | Number of Shares and Units |  | Weighted Average Grant Date Fair Value
February 29, 2020 |  | 309,259 |  |  | $ | 40.58 |
Granted |  | 387,858 |  |  | 21.66 |
Vested |  | (219,081) |  |  | 35.51 |
Canceled |  | (2,809) |  |  | 34.03 |
February 27, 2021 |  | 475,227 |  |  | $ | 27.52 |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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