Financial Instruments (Tables)

3 Months Ended

May 30, 2020

Marketable Securities [Abstract]

Amortized cost, gross unrealized gains and losses, and estimated fair values of investments available for sale

e hold the following available-for-sale marketable securities, made up of municipal and corporate bonds: 

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
May 30, 2020	$	12,595	$	403	$	5	$	12,993
February 29, 2020	11,692		275		—		11,967

Schedule of amortized cost and estimated fair values of investments by contractual maturity

The amortized cost and estimated fair values of these bonds at May 30, 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without penalty.

(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	898	$	911
Due after one year through five years	7,017		7,255
Due after five years through 10 years	3,880		4,019
Due beyond 15 years	800		808
Total	$	12,595	$	12,993

Fair value measurements

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
May 30, 2020
Assets:
Money market funds	$	3,689	$	—	$	3,689
Commercial paper	—		500		500
Municipal and corporate bonds	—		12,993		12,993
Cash surrender value of life insurance	—		15,777		15,777
Liabilities:
Deferred compensation	—		13,889		13,889
Foreign currency forward/option contract	—		239		239
Interest rate swap contract	—		1,085		1,085
February 29, 2020
Assets:
Money market funds	$	2,689	$	—	$	2,689
Commercial paper	—		1,500		1,500
Municipal and corporate bonds	—		11,967		11,967
Cash surrender value of life insurance	—		16,560		16,560
Liabilities:
Deferred compensation	—		14,042		14,042
Foreign currency forward/option contract	—		340		340
Interest rate swap contract	—		561		561