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Note 10 - Employee Benefit Plans
12 Months Ended
Feb. 25, 2017
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
10.
EMPLOYEE BENEFIT PLANS
 
Defined Contribution Plans
 
The Company has
five
defined contribution savings plans covering all eligible employees of the Company (“the Plans”). Participants of the Plans
may
defer annual pre-tax compensation subject to statutory and Plan limitations. In addition, a certain percentage of an employee’s contributions are matched by the Company and vest over a specified period of time, subject to certain statutory and Plan limitations. The Company’s match was approximately
$15.2
million,
$13.9
million and
$13.2
million for fiscal
2016,
2015
and
2014,
respectively, which was expensed as incurred.
 
Nonqualified Deferred Compensation Plan
 
The Company has a nonqualified deferred compensation plan (“NQDC”) for the benefit of employees who are defined by the Internal Revenue Service as highly compensated. Participants of the NQDC
may
defer annual pre-tax compensation subject to statutory and plan limitations. In addition, a certain percentage of an employee’s contributions
may
be matched by the Company and vest over a specified period of time, subject to certain plan limitations. The Company’s match was approximately
$0.5
million,
$0.6
million and
$0.7
million in fiscal
2016,
2015
and
2014,
respectively, which was expensed as incurred.
 
Changes in the fair value of the trading securities related to the NQDC and the corresponding change in the associated liability are included within interest income and selling, general and administrative expenses respectively, in the consolidated statements of earnings. Historically, these changes have resulted in no net impact to the consolidated statements of earnings.
 
Defined Benefit Plan
 
The Company has a non-contributory defined benefit pension plan for the CTS employees, hired on or before
July
31,
2003,
who meet specified age and length-of-service requirements. The benefits are based on years of service and the employee’s compensation up until retirement. The Company recognizes the overfunded or underfunded status of the pension plan as an asset or liability in its statement of financial position and recognizes changes in the funded status in the year in which the changes occur. For the years ended
February
25,
2017,
February
27,
2016
and
February
28,
2015,
the net periodic pension cost was not material to the Company’s results of operations. The Company has a
$19.3
million and
$20.4
million liability, which is included in deferred rent and other liabilities as of
February
25,
2017
and
February
27,
2016,
respectively. In addition, as of
February
25,
2017
and
February
27,
2016,
the Company recognized a loss of
$4.7
million, net of taxes of
$3.0
million, and a loss of
$6.5
million, net of taxes of
$4.2
million, respectively, within accumulated other comprehensive loss.