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Supplier Finance Program Obligations | 3 Months Ended
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Jun. 01, 2024
Payables and Accruals [Abstract] |
Supplier Finance Program Obligations | Supplier Finance Program Obligations In the first quarter of fiscal 2024, we implemented a supplier financing arrangement that enables our suppliers, at their sole discretion, to sell our receivables (i.e., our payment obligations to the suppliers) on a non-recourse basis in order to be paid earlier than our payment terms provide. Our suppliers’ voluntary inclusion of invoices in the supplier financing arrangement has no bearing on our payment terms, the amounts we pay, or our liquidity. We have no economic interest in a supplier’s decision to participate in the supplier financing program, and we do not provide any guarantees in connection with it. These balances are reflected in accounts payable in the consolidated balance sheets and are reflected in net cash provided by operating activities in our consolidated statements of cash flows when settled. The following table summarizes the obligation activity and outstanding balances as of June 1, 2024 and March 2, 2024 that we have confirmed as valid to the administrators of our program:
(In thousands) |  | June 1, 2024 |  | March 2, 2024
Balance at beginning of period |  | $ | 6,527 |  |  | $ | — |
Obligations added to the program |  | 10,342 |  |  | 33,133 |
Obligations settled |  | (10,666) |  |  | (26,606) |
Balance at end of period |  | $ | 6,203 |  |  | $ | 6,527 |

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