Financial Instruments (Tables)

6 Months Ended

Aug. 28, 2021

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
August 28, 2021	$	12,399	$	385	$	2	$	12,782
February 27, 2021	12,517		386		10		12,893

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

The amortized cost and estimated fair values of these bonds at August 28, 2021, 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	$	889	$	896
Due after one year through five years	8,614		8,908
Due after five years through 10 years	2,096		2,149
Due beyond 15 years	800		829
Total	$	12,399	$	12,782

Fair value measurements

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
August 28, 2021
Assets:
Money market funds	$	42,003	$	—	$	42,003
Municipal and corporate bonds	—		12,782		12,782
Cash surrender value of life insurance	—		18,750		18,750
Aluminum hedge contracts	—		1,200		1,200
Liabilities:
Deferred compensation	—		13,811		13,811
Foreign currency forward/option contracts	—		269		269
Interest rate swap contract	—		319		319
February 27, 2021
Assets:
Money market funds	$	26,034	$	—	$	26,034
Municipal and corporate bonds	—		12,893		12,893
Cash surrender value of life insurance	—		18,632		18,632
Foreign currency forward/option contracts	—		606		606
Aluminum hedge contracts	—		363		363
Liabilities:
Deferred compensation	—		13,507		13,507
Interest rate swap contract	—		504		504