Income Taxes (Tables)

12 Months Ended

Mar. 03, 2018

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Earnings before income taxes consisted of the following:

(In thousands)	2018			2017			2016
U.S.	$	111,980		$	123,229		$	100,859
International	(2,100		)	(424		)	(3,535		)
Earnings before income taxes	$	109,880		$	122,805		$	97,324

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) for each of the last three fiscal years was:

(In thousands)	2018			2017			2016
Current
Federal	$	22,074		$	35,610		$	35,888
State and local	3,106			2,929			2,866
International	1,578			(147		)	(636		)
Total current	26,758			38,392			38,118
Deferred
Federal	4,049			(945		)	(5,403		)
State and local	351			(78		)	(512		)
International	(1,205		)	(42		)	(224		)
Total deferred	3,195			(1,065		)	(6,139		)
Total non-current tax (benefit) expense	439			(312		)	3
Total income tax expense	$	30,392		$	37,015		$	31,982

Schedule of Effective Income Tax Rate Reconciliation

The following table provides a reconciliation of the statutory federal income tax rate to our consolidated effective tax rates:

	2018		2017		2016
Federal income tax expense at statutory rate	32.7	%	35.0	%	35.0	%
Tax rate change revaluation	(3.7	)	—		—
Manufacturing deduction	(2.2	)	(3.3	)	(3.4	)
State and local income taxes, net of federal tax benefit	1.8		1.6		1.6
Foreign tax rate differential	(0.7	)	(1.6	)	—
Tax credits - research & development	(0.9	)	(0.7	)	(0.8	)
Other, net	0.7		(0.9	)	0.5
Income tax expense	27.7	%	30.1	%	32.9	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and deferred tax liabilities at March 3, 2018 and March 4, 2017 were:

(In thousands)	2018			2017
Other accruals	3,428			4,254
Deferred compensation	8,926			15,189
Goodwill and other intangibles	(4,655		)	(7,601		)
Depreciation	(19,523		)	(18,714		)
Liability for unrecognized tax benefits	2,850			2,623
Net operating losses and tax credits	6,272			5,790
Valuation allowance on net operating losses	(4,296		)	(2,352		)
Unearned income	2,628			—
Other	1,067			811
Deferred tax (liabilities) assets	$	(3,303	)	$	—

Schedule of Unrecognized Tax Benefits Roll Forward

The following table provides a reconciliation of the total amounts of gross unrecognized tax benefits:

(In thousands)	2018			2017			2016
Gross unrecognized tax benefits at beginning of year	$	4,075		$	4,512		$	4,491
Gross increases in tax positions for prior years	614			54			60
Gross decreases in tax positions for prior years	(122		)	(233		)	(158		)
Gross increases based on tax positions related to the current year	639			508			526
Gross decreases based on tax positions related to the current year	—			—			(33		)
Settlements	—			(23		)	—
Statute of limitations expiration	(519		)	(743		)	(374		)
Revaluation impact	18			—			—
Gross unrecognized tax benefits at end of year	$	4,705		$	4,075		$	4,512