Provision for Income Taxes (Tables)

12 Months Ended

Mar. 02, 2019

Income Tax Disclosure [Abstract]

Components of the Provision for Income Taxes

The components of the provision for income taxes are as follows:

	FISCAL YEAR ENDED
(in thousands)	March 2, 2019			March 3, 2018		February 25, 2017
Current:
Federal	$	61,721		$	82,044	$	313,571
State and local	22,995			13,554		42,101
	84,716			95,598		355,672
Deferred:
Federal	(83,576		)	157,057		20,295
State and local	(20,525		)	18,147		4,580
	(104,101		)	175,204		24,875
	$	(19,385	)	$	270,802	$	380,547

Schedule of Deferred Tax Assets and Liabilities

The significant components of the Company’s deferred tax assets and liabilities consist of the following:

(in thousands)	March 2, 2019			March 3, 2018
Deferred tax assets:
Inventories	$	24,292		$	26,657
Deferred rent and other rent credits	42,147			47,893
Insurance	23,300			22,274
Stock-based compensation	16,097			23,690
Nonqualified deferred compensation plan	6,771			19,671
Merchandise credits and gift card liabilities	43,630			36,793
Accrued expenses	26,550			29,557
Obligations on distribution facilities	26,618			26,210
Carryforwards and other tax credits	48,115			48,221
Other	26,400			28,972
Deferred tax liabilities:
Depreciation	(132,120		)	(125,067		)
Goodwill	(3,337		)	(54,254		)
Intangibles	(19,414		)	(55,091		)
Prepaid expenses	(854		)	(52,723		)
Other	(13,115		)	(11,778		)
	$	115,080		$	11,025

Summary of Gross Unrecognized Tax Benefits from Uncertain Tax Positions Activity

The following table summarizes the activity related to the gross unrecognized tax benefits from uncertain tax positions:

(in thousands)	March 2, 2019			March 3, 2018
Balance at beginning of year	$	75,443		$	76,415
Increase related to current year positions	6,490			11,437
Increase related to prior year positions	2,822			4,128
Decrease related to prior year positions	(6,128		)	(1,823		)
Settlements	(2,338		)	(1,448		)
Lapse of statute of limitations	(14,352		)	(13,266		)
Balance at end of year	$	61,937		$	75,443