Financial Instruments (Tables)

3 Months Ended

May 28, 2022

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 28, 2022	$	11,731	$	7	$	435	$	11,303
February 26, 2022	11,862		45		123		11,784

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 28, 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.

(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	1,401	$	1,396
Due after one year through five years	9,991		9,610
Due after five years through 10 years	339		297
Total	$	11,731	$	11,303

Fair value measurements

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
May 28, 2022
Assets:
Money market funds	$	7,409	$	—	$	7,409
Municipal and corporate bonds	—		11,303		11,303
Cash surrender value of life insurance	—		16,656		16,656
Foreign currency forward/option contract	—		13		13
Interest rate swap contract	—		1,218		1,218
Liabilities:
Deferred compensation	—		11,476		11,476
Aluminum hedging contract	—		2,776		2,776
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