Income Taxes (Tables)

12 Months Ended

Mar. 03, 2018

Income Taxes

Schedule of provision for income tax expense (benefit) from continuing operations

	Year Ended
	March 3, 2018 (52 Weeks)			March 4, 2017 (53 Weeks)		February 27, 2016 (52 Weeks)
Current tax:
Federal	$	(210	)	$	—	$	(52	)
State		51,279			14,600		6,590
		51,069			14,600		6,538
Deferred tax and other:
Federal		316,451			10,355		83,074
State		(61,533	)		19,483		(40,100	)
		254,918			29,838		42,974
Total income tax expense	$	305,987		$	44,438	$	49,512

Schedule of reconciliation of the expected statutory federal tax and the total income tax expense (benefit) from continuing operations

	Year Ended
	March 3, 2018 (52 Weeks)			March 4, 2017 (53 Weeks)			February 27, 2016 (52 Weeks)
Federal statutory rate*	$	(14,202	)	$	16,982		$	53,060
Federal tax rate change		324,765			—			—
Nondeductible expenses		1,213			2,479			6,518
State income taxes, net		(22,836	)		8,225			16,482
Increase/(decrease) of previously recorded liabilities		27,295			(955	)		—
Nondeductible compensation		654			1,157			6,057
Acquisition costs		696			4,023			6,782
Stock based compensation		8,363			—			—
Valuation allowance		(8,853	)		14,718			(38,058	)
Other		(11,108	)		(2,191	)		(1,329	)
Total income tax expense (benefit)	$	305,987		$	44,438		$	49,512

*           Federal statutory rate included in the above table is 32.6%, 35.0% and 35.0%, respectively, for the fiscal years ended March 3, 2018, March 4, 2017 and February 27, 2016.

Schedule of significant components of deferred tax assets and liabilities

	2018			2017
Deferred tax assets:
Accounts receivable	$	39,182		$	68,320
Accrued expenses		113,493			194,884
Liability for lease exit costs		40,662			68,411
Pension, retirement and other benefits		104,494			168,274
Long-lived assets		246,793			509,283
Other		—			1,630
Credits		85,555			65,971
Net operating losses		1,089,084			1,207,650
Total gross deferred tax assets		1,719,263			2,284,423
Valuation allowance		(896,800	)		(226,726	)
Total deferred tax assets		822,463			2,057,697
Deferred tax liabilities:
Outside basis difference		5,420			112,509
Inventory		223,024			439,624
Total gross deferred tax liabilities		228,444			552,133
Net deferred tax assets	$	594,019		$	1,505,564

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits from continuing operations

	2018			2017			2016
Unrecognized tax benefits	$	8,939		$	10,676		$	9,514
Increases to prior year tax positions		—			16			1,667
Decreases to tax positions in prior periods		(1,015	)		(626	)		(577	)
Increases to current year tax positions		224,408			26			72
Settlements		—			—			—
Divestitures		(1,607	)		—			—
Lapse of statute of limitations		(515	)		(1,153	)		—
Unrecognized tax benefits balance	$	230,210		$	8,939		$	10,676