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Leases (Tables) | 9 Months Ended
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Nov. 26, 2022
Leases [Abstract] |
Schedule of lease cost | The components of lease expense were as follows:
|  | Three Months Ended |  | Nine Months Ended
(In thousands) |  | November 26, 2022 |  | November 27, 2021 |  | November 26, 2022 |  | November 27, 2021
Operating lease cost |  | $ | 3,293 |  |  | $ | 3,422 |  |  | $ | 9,298 |  |  | $ | 10,321 |
Short-term lease cost |  | 144 |  |  | 357 |  |  | 804 |  |  | 821 |
Variable lease cost |  | 904 |  |  | 725 |  |  | 2,667 |  |  | 2,182 |
Total lease cost |  | $ | 4,341 |  |  | $ | 4,504 |  |  | $ | 12,769 |  |  | $ | 13,324 |
Other supplemental information related to leases was as follows:
|  | Nine Months Ended
(In thousands except weighted-average data) |  | November 26, 2022 |  | November 27, 2021
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 10,580 |  |  | $ | 10,744 |
Lease assets obtained in exchange for new operating lease liabilities |  | $ | 11,125 |  |  | $ | 3,107 |
Weighted-average remaining lease term - operating leases |  | 4.7 years |  | 5.4 years
Weighted-average discount rate - operating leases |  | 3.14 | % |  | 2.88 | %
Schedule of operating lease liability | Future maturities of lease liabilities are as follows:
(In thousands) |  | November 26, 2022
Remainder of Fiscal 2023 |  | $ | 3,243 |
Fiscal 2024 |  | 12,587 |
Fiscal 2025 |  | 11,326 |
Fiscal 2026 |  | 9,371 |
Fiscal 2027 |  | 7,960 |
Fiscal 2028 |  | 4,270 |
Thereafter |  | 2,324 |
Total lease payments |  | 51,081 |
Less: Amounts representing interest |  | 3,226 |
Present value of lease liabilities |  | $ | 47,855 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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