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Share-Based Compensation (Tables)
6 Months Ended
Aug. 25, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share Based Payment Award Performance Units Valuation Assumptions The Monte Carlo simulation was computed using the following assumptions:
2024 PSUs2023 PSUs2022 PSUs
Tranche 1Tranche 2Tranche 1Tranche 3Tranche 2Tranche 1
Risk-free interest rate (1)3.7 %4.0 %2.6 %4.7 %2.3 %0.3 %
Expected term3 years2 years3 years1 year2 years3 years
Estimated volatility (2)44.1 %37.8 %52.2 %45.5 %43.8 %53.5 %
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(1)Based on the U.S. Government bond benchmark on the grant date.
(2)Represents the historical price volatility of our Class A Common Stock for the period prior to the grant date which is equivalent to the expected term of the tranche.
Schedule of Compensation Costs by Plan for Share-based Payment Arrangements
The total PSU expense (credit) and associated tax benefit recorded during the three and six months ended August 25, 2023 and August 26, 2022 are as follows:
 Three Months EndedSix Months Ended
Performance UnitsAugust 25,
2023
August 26,
2022
August 25,
2023
August 26,
2022
Expense (credit)$0.8 $(0.2)$6.2 $3.9 
Tax benefit0.1 — 1.5 1.0 
The total RSU expense and associated tax benefit for the six months ended August 25, 2023 and August 26, 2022 are as follows:
 Three Months EndedSix Months Ended
Restricted Stock UnitsAugust 25,
2023
August 26,
2022
August 25,
2023
August 26,
2022
Expense$3.4 $3.3 $11.7 $11.2 
Tax benefit0.8 0.8 2.9 2.8 
Share-based Payment Arrangement, Performance Shares, Activity
The PSU activity for the six months ended August 25, 2023 is as follows:
Maximum Number of Shares of Nonvested UnitsTotalWeighted-Average
Grant Date
Fair Value
per Unit
Nonvested as of February 24, 20231,060,231 $13.11 
Granted1,315,664 8.30 
Nonvested as of August 25, 20232,375,895 $10.44 
As of August 25, 2023, there was $3.3 of remaining unrecognized compensation expense related to nonvested PSUs, which is expected to be recognized over a remaining weighted-average period of 1.9 years.
Schedule of Restricted Stock Unit Awards Activity
The RSU activity for the six months ended August 25, 2023 is as follows:
Nonvested UnitsTotalWeighted-Average
Grant Date
Fair Value
per Unit
Nonvested as of February 24, 20233,293,268 $12.11 
Granted1,564,505 7.89 
Vested(23,784)10.61 
Forfeited(39,519)10.46 
Nonvested as of August 25, 20234,794,470 $10.75