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Revenue, Receivables and Contract Assets and Liabilities (Tables) | 12 Months Ended
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Mar. 02, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregated revenue data | The following table disaggregates total revenue by timing of recognition (see Note 15 for disclosure of revenue by segment):
|  | March 2, 2024 |  | February 25, 2023 |  | February 26, 2022
(In thousands) |  | (53 weeks) |  | (52 weeks) |  | (52 weeks)
Recognized at shipment |  | $ | 596,270 |  |  | $ | 649,792 |  |  | $ | 551,783 |
Recognized over time (input method) |  | 483,109 |  |  | 514,826 |  |  | 503,972 |
Recognized over time (output method) |  | 337,563 |  |  | 276,078 |  |  | 258,222 |
Total |  | $ | 1,416,942 |  |  | $ | 1,440,696 |  |  | $ | 1,313,977 |
Net receivables |
(In thousands) |  | 2024 |  | 2023
Trade accounts |  | $ | 115,061 |  |  | $ | 140,732 |
Construction contracts |  | 61,879 |  |  | 58,331 |
Total receivables |  | 176,940 |  |  | 199,063 |
Less: allowance for credit losses |  | 3,383 |  |  | 1,796 |
Receivables, net |  | $ | 173,557 |  |  | $ | 197,267 |
Allowance for credit losses | The following table summarizes the activity in the allowance for credit losses:
(In thousands) |  | 2024 |  | 2023
Beginning balance |  | $ | 1,796 |  |  | $ | 2,132 |
Additions charged to costs and expenses |  | 2,473 |  |  | 394 |
Deductions from allowance, net of recoveries |  | (901) |  |  | (686) |
Other deductions |  | 15 |  |  | (44) |
Ending balance |  | $ | 3,383 |  |  | $ | 1,796 |
Contract assets and liabilities |
(In thousands) |  | March 2, 2024 |  | February 25, 2023
Contract assets |  | $ | 49,502 |  |  | $ | 59,403 |
Contract liabilities |  | 34,755 |  |  | 28,011 |
|  |  |  |  |  | March 2, 2024 |  | February 25, 2023
(In thousands) |  |  |  |  |  | (53 weeks) |  | (52 weeks)
Revenue recognized related to contract liabilities from prior year-end |  |  |  |  |  | $ | 25,342 |  |  | $ | 37,594 |
Revenue recognized related to prior satisfaction of performance obligations |  |  |  |  |  | 9,257 |  |  | 16,612 |
Performance obligations expected to be satisfied | The transaction price associated with unsatisfied performance obligations at March 2, 2024 are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:
(In thousands) |  | March 2, 2024
Within one year |  | $ | 460,881 |
Within two years |  | 305,704 |
Beyond two years |  | 119,700 |
Total |  | $ | 886,285 |

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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