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Share-Based Compensation

3 Months Ended

May 30, 2020

Share-based Payment Arrangement [Abstract]

Total share-based compensation expense included in the results of operations was $1.4 million for the three-month period ended May 30, 2020 and $1.6 million for the three-month period ended June 1, 2019.

Stock options and SARs

Stock option and SAR activity for the current three-month period is summarized as follows:



Stock options and SARs	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding at February 29, 2020	100,341	$	8.34
Awards exercised	—	—
Outstanding and exercisable at May 30, 2020	100,341	$	8.34	1.3 years	$	1,235,198

No awards were issued or exercised during the three-months ended May 30, 2020 and June 1, 2019, respectively.

Nonvested shares and share units

Nonvested share activity for the current three-month period is summarized as follows:



Nonvested shares and units	Number of Shares and Units		Weighted Average Grant Date Fair Value
Nonvested at February 29, 2020	309,259		$	40.58
Granted	182,693		18.86
Vested	(61,318	)	43.61
Nonvested at May 30, 2020	430,634		$	30.93

At May 30, 2020, there was $2.7 million of total unrecognized compensation cost related to nonvested share and nonvested share unit awards, which is expected to be recognized over a weighted average period of approximately 26 months. The total fair value of shares vested during the three months ended May 30, 2020 was $1.3 million.