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Stock-Based Compensation (Tables)
9 Months Ended
Nov. 26, 2022
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Expense and Capitalized Cost
Stock-based compensation expense and capitalized stock-based compensation cost for the three and nine months ended November 26, 2022 and November 27, 2021 were as follows:

Three Months EndedNine Months Ended
(in thousands)November 26, 2022November 27, 2021November 26, 2022November 27, 2021
Stock-based compensation expense:
Equity-classified share-settled awards$2,313.3 $8,878.5 $18,746.9 $26,874.8 
Liability-classified cash-settled awards(692.9)— 1,292.7 — 
Total stock-based compensation expense$1,620.4 $8,878.5 $20,039.6 $26,874.8 
Capitalized stock-based compensation cost:
Equity-classified share-settled awards$189.4 $195.7 $764.6 $783.9 
Liability-classified cash-settled awards(74.8)— 48.6 — 
Total capitalized stock-based compensation cost$114.6 $195.7 $813.2 $783.9 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Unit Activity
Changes in the Company’s restricted stock awards for the nine months ended November 26, 2022 were as follows:
(Shares in thousands)Number of Restricted
Shares
Weighted Average
Grant-Date Fair
Value
Unvested restricted stock awards, beginning of period472 $32.38 
Granted392 4.90 
Vested(165)38.73 
Forfeited(128)28.21 
Unvested restricted stock awards, end of period571 $12.61 
Changes in the Company’s RSUs for the nine months ended November 26, 2022 were as follows:
Share-SettledCash-Settled
(Shares in thousands)Number of Restricted
Stock Units
Weighted Average
Grant-Date Fair
Value
Number of Restricted
Stock Units
Weighted Average
Grant-Date Fair
Value
Unvested restricted stock units, beginning of period2,600 $17.07 57 $23.44 
Granted117 11.79 2,272 8.93 
Vested(1,361)15.10 (114)9.82 
Forfeited(660)18.64 (741)10.28 
Unvested restricted stock units, end of period696 $18.55 1,474 $8.75 
Schedule of PSU Activity
Fiscal YearPerformance PeriodPerformance MetricsTarget Achievement Range (%)
20203 yearsTSR
0% - 150%
20213 yearsTSR and GM
0% - 200%
20223 yearsTSR and GM
0% - 200%
Changes in the Company’s PSUs for the nine months ended November 26, 2022 were as follows:
(Shares in thousands)Number of Performance
Stock Units
Weighted Average
Grant-Date Fair
Value
Unvested performance stock units, beginning of period1,298 $19.55 
Granted1,096 11.31 
Vested(640)15.49 
Forfeited or performance condition adjustments(1,009)15.43 
Unvested performance stock units, end of period745 $16.50 
Schedule of PSU Valuation Assumptions
The fair value of the PSUs granted in fiscal 2022 and 2021, for which performance during the three-year period will be based on a relative three-year goal metric relative to a peer group as indicated above, was estimated on the date of the grant using a Monte Carlo simulation that uses the assumptions noted in the following table.
Nine Months Ended
Monte Carlo Simulation AssumptionsNovember 26, 2022November 27, 2021
Risk Free Interest Rate2.81 %0.29 %
Expected Dividend Yield %— %
Expected Volatility54.02 %52.21 %
Expected Term3 years3 years
Schedule of Share-based Compensation, Restricted Stock Units Activity
Changes in the RSUs granted as inducement awards for the nine months ended November 26, 2022 were as follows:
(Shares in thousands)Number of Restricted
Stock Units
Weighted Average
Grant-Date Fair
Value
Unvested restricted stock units, beginning of period437 $6.10 
Granted— — 
Vested(437)6.09 
Forfeited— — 
Unvested restricted stock units, end of period— $—