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Equity | 9 Months Ended
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Nov. 30, 2023
Equity [Abstract] |
Equity | 15. Equity Series A Convertible Preferred Stock On August 5, 2022, the Company exchanged its $240.0 million aggregate principal amount of 6.0% convertible subordinated notes due June 30, 2030 for 240,000 shares of 6.0% Series A Convertible Preferred Stock, following the receipt of shareholder approval for the issuance of preferred stock. The Series A Convertible Preferred Stock is convertible by the holder at any time into shares of the Company's common stock at a conversion price of $58.30 per common share. The preferred stock accumulates a 6.0% dividend per annum. Dividends are payable quarterly on March 31, June 30, September 30 and December 31 of each year. In addition, the preferred shares are subject to a minimum conversion threshold of 1,000 shares per conversion, and customary anti-dilution and dividend adjustments. The preferred shares have full voting rights as if converted and have a fully participating liquidation preference. As of both November 30, 2023 and February 28, 2023, the 240,000 shares of outstanding Series A Convertible Preferred Stock had accrued dividends of $2.4 million and could be converted into 4.1 million shares of common stock, at the option of the holder. Accumulated Other Comprehensive Income The components of accumulated other comprehensive income (loss) ("AOCI"), after tax, for the three and nine months ended November 30, 2023 and 2022 consisted of the following (in thousands):
|  | Three Months Ended November 30,
|  | 2023 |  | 2022
|  | Foreign Currency Translation Gain (Loss) |  | Net Actuarial Gain (Loss), Net of Tax |  | Interest Rate Swap, Net of Tax |  | Total |  | Foreign Currency Translation Gain (Loss) |  | Net Actuarial Gain (Loss), Net of Tax |  | Interest Rate Swap, Net of Tax |  | Total
Balance as of beginning of period |  | $ | (9,307) |  |  | $ | 119 |  |  | $ | 3,374 |  |  | $ | (5,814) |  |  | $ | (30,070) |  |  | $ | — |  |  | $ | — |  |  | $ | (30,070) |
Other comprehensive income before reclassification |  | 3,029 |  |  | — |  |  | (115) |  |  | 2,914 |  |  | (5,019) |  |  | — |  |  | (3,512) |  |  | (8,531) |
Amounts reclassified from AOCI |  | — |  |  | — |  |  | (1,057) |  |  | (1,057) |  |  | 27,750 |  |  | — |  |  | — |  |  | 27,750 |
Net change in AOCI |  | 3,029 |  |  | — |  |  | (1,172) |  |  | 1,857 |  |  | 22,731 |  |  | — |  |  | (3,512) |  |  | 19,219 |
Balance as of end of period |  | $ | (6,278) |  |  | $ | 119 |  |  | $ | 2,202 |  |  | $ | (3,957) |  |  | $ | (7,339) |  |  | $ | — |  |  | $ | (3,512) |  |  | $ | (10,851) |
|  | Nine Months Ended November 30,
|  | 2023 |  | 2022
|  | Foreign Currency Translation Gain (Loss) |  | Net Actuarial Gain (Loss), Net of Tax |  | Interest Rate Swap, Net of Tax |  | Total |  | Foreign Currency Translation Gain (Loss) |  | Net Actuarial Gain (Loss), Net of Tax |  | Interest Rate Swap, Net of Tax |  | Total
Balance as of beginning of period |  | $ | (7,571) |  |  | $ | 119 |  |  | $ | 2,879 |  |  | $ | (4,573) |  |  | $ | (27,324) |  |  | $ | — |  |  | $ | — |  |  | $ | (27,324) |
Other comprehensive income before reclassification |  | 1,293 |  |  | — |  |  | 1,867 |  |  | 3,160 |  |  | (7,765) |  |  | — |  |  | (3,512) |  |  | (11,277) |
Amounts reclassified from AOCI |  | — |  |  | — |  |  | (2,544) |  |  | (2,544) |  |  | 27,750 |  |  | — |  |  | — |  |  | 27,750 |
Net change in AOCI |  | 1,293 |  |  | — |  |  | (677) |  |  | 616 |  |  | 19,985 |  |  | — |  |  | (3,512) |  |  | 16,473 |
Balance as of end of period |  | $ | (6,278) |  |  | $ | 119 |  |  | $ | 2,202 |  |  | $ | (3,957) |  |  | $ | (7,339) |  |  | $ | — |  |  | $ | (3,512) |  |  | $ | (10,851) |

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