Financial Instruments (Tables)

12 Months Ended

Feb. 26, 2022

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


(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
February 26, 2022	$	11,862	$	45	$	123	$	11,784




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 our municipal and corporate bonds at February 26, 2022, 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. Gross realized gains and losses were insignificant for all periods presented.


(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	1,206	$	1,212
Due after one year through five years	9,158		9,109
Due after five years through 10 years	698		669

Due beyond 15 years	800		794
Total	$	11,862	$	11,784

Schedule of financial assets and liabilities measured at fair value on a recurring basis

Financial assets and liabilities measured at fair value on a recurring basis were:


(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
February 26, 2022
Assets:
Money market funds	$	19,288	$	—	$	19,288

Municipal and corporate bonds	—		11,784		11,784
Cash surrender value of life insurance	—		17,831		17,831

Aluminum hedging contract	—		2,133		2,133
Interest rate swap contract	—		718		718
Liabilities:
Deferred compensation	—		12,491		12,491
Foreign currency forward/option contract	—		161		161

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 contract	—		606		606
Aluminum hedging contract	—		363		363

Liabilities:
Deferred compensation	—		13,507		13,507

Interest rate swap contract	—		504		504