Income Taxes (Tables)

12 Months Ended

Mar. 02, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Earnings before income taxes consisted of the following:

(In thousands)	2019			2018			2017
United States	$	60,042		$	111,980		$	123,229
International	(1,380		)	(2,100		)	(424		)
Earnings before income taxes	$	58,662		$	109,880		$	122,805

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)	2019			2018			2017
Current
Federal	$	22,746		$	22,074		$	35,610
State and local	(4,437		)	3,106			2,929
International	(459		)	1,578			(147		)
Total current	17,850			26,758			38,392
Deferred
Federal	(12,409		)	4,049			(945		)
State and local	6,275			351			(78		)
International	628			(1,205		)	(42		)
Total deferred	(5,506		)	3,195			(1,065		)
Total non-current tax expense (benefit)	624			439			(312		)
Total income tax expense	$	12,968		$	30,392		$	37,015

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:

	2019		2018		2017
Statutory federal income tax rate	21.0	%	32.7	%	35.0	%
Tax rate change revaluation	—		(3.7	)	—
Manufacturing deduction	—		(2.2	)	(3.3	)
State and local income taxes, net of federal tax benefit	2.7		1.8		1.6
Foreign tax rate differential	0.8		(0.7	)	(1.6	)
Tax credits - research & development	(2.7	)	(0.9	)	(0.7	)
Other, net	0.3		0.7		(0.9	)
Consolidated effective income tax rate	22.1	%	27.7	%	30.1	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and deferred tax liabilities at March 2, 2019 and March 3, 2018 were:

(In thousands)	2019			2018
Other accruals	$	13,530		$	3,428
Deferred compensation	9,007			8,926
Goodwill and other intangibles	(5,151		)	(4,655		)
Depreciation	(24,289		)	(19,523		)
Liability for unrecognized tax benefits	2,547			2,850
Net operating losses and tax credits	9,913			6,272
Valuation allowance on net operating losses	(8,546		)	(4,296		)
Unearned income	4,557			2,628
Other	1,550			1,067
Deferred tax assets (liabilities)	$	3,118		$	(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)	2019			2018			2017
Gross unrecognized tax benefits at beginning of year	$	4,705		$	4,075		$	4,512
Gross increases in tax positions for prior years	500			614			54
Gross decreases in tax positions for prior years	(377		)	(122		)	(233		)
Gross increases based on tax positions related to the current year	1,067			639			508
Settlements	(303		)	—			(23		)
Statute of limitations expiration	(481		)	(519		)	(743		)
Revaluation impact	—			18			—
Gross unrecognized tax benefits at end of year	$	5,111		$	4,705		$	4,075