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Share-Based Compensation (Tables)

3 Months Ended

May 25, 2018

The weighted average grant date fair values were determined using the following assumptions:



	2019 Awards		2018 Awards		2017 Awards
Three-year risk-free interest rate (1)	2.6	%	1.4	%	0.9	%
Expected term	3 years		3 years		3 years
Estimated volatility (2)	33.8	%	31.8	%	31.2	%

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(1)	Based on the U.S. government bond benchmark on the grant date.


(2)	Represents the historical price volatility of the Company’s common stock for the three-year period preceding the grant date.

The total PSU expense and associated tax benefit for all outstanding awards for the three months ended May 25, 2018 and May 26, 2017 are as follows:

The PSU activity for the three months ended May 25, 2018 is as follows:



Maximum Number of Shares That May Be Issued Under Nonvested Units	Total	Weighted-Average Grant Date Fair Value per Unit
Nonvested as of February 23, 2018	688,600	$	18.77
Granted	367,800	18.02
Nonvested as of May 25, 2018	1,056,400	$	18.50

The RSU expense and associated tax benefit for all outstanding awards for the three months ended May 25, 2018 and May 26, 2017 are as follows:

The RSU activity for the three months ended May 25, 2018 is as follows:



Nonvested Units	Total		Weighted-Average Grant Date Fair Value per Unit
Nonvested as of February 23, 2018	1,789,775		$	15.75
Granted	698,668		14.28
Vested	(20,428	)	18.24
Forfeited	(12,367	)	16.32
Nonvested as of May 25, 2018	2,455,648		$	15.30