Stock-Based Compensation (Tables)

6 Months Ended

Aug. 28, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Unit Activity

Changes in the Company’s restricted stock for the six months ended August 28, 2021 were as follows:

(Shares in thousands)	Number of Restricted Shares	Weighted Average Grant-Date Fair Value
Unvested restricted stock awards, beginning of period	935	$	34.34
Granted	47	29.58
Vested	(254)	41.81
Forfeited	(131)	29.36
Unvested restricted stock awards, end of period	597	$	31.81

Changes in the Company’s RSUs for the six months ended August 28, 2021 were as follows:

(Shares in thousands)	Number of Restricted Stock Units	Weighted Average Grant-Date Fair Value
Unvested restricted stock units, beginning of period	2,270	$	14.04
Granted	965	25.99
Vested	(195)	10.34
Forfeited	(244)	21.09
Unvested restricted stock units, end of period	2,796	$	17.81

Schedule of PSU Activity

Fiscal Year	Performance Period	Performance Metrics	Target Achievement Range (%)
2019	3 years	TSR and EBIT	0% - 150%
2020	3 years	TSR	0% - 150%
2021	3 years	TSR and GM	0% - 200%

Changes in the Company’s PSUs for the six months ended August 28, 2021 were as follows:

(Shares in thousands)	Number of Performance Stock Units	Weighted Average Grant-Date Fair Value
Unvested performance stock units, beginning of period	1,475	$	14.36
Granted	613	29.34
Vested	(17)	12.38
Forfeited or performance condition adjustments	(775)	17.31
Unvested performance stock units, end of period	1,296	$	19.71

Schedule of PSU Valuation Assumptions

The fair value of the PSUs granted in fiscal 2021 for which performance during the three-year period will be based on a relative three-year Total Shareholder Return ("TSR") goal relative to a peer group was estimated on the date of the grant using a Monte Carlo simulation that uses the assumptions noted in the following table.

	Six Months Ended
Monte Carlo Simulation Assumptions	August 28, 2021
Risk Free Interest Rate	0.28	%
Expected Dividend Yield	—	%
Expected Volatility	52.20	%
Expected Term	3 years

Schedule of Share-based Compensation, Restricted Stock Units Activity

Changes in the RSUs granted as inducement awards for the six months ended August 28, 2021 were as follows:

(Shares in thousands)	Number of Restricted Stock Units	Weighted Average Grant-Date Fair Value
Unvested restricted stock units, beginning of period	949	$	7.36
Granted	—	—
Vested	(512)	8.43
Forfeited	—	—
Unvested restricted stock units, end of period	437	$	6.10