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Defined Benefit Pension Plan | 6 Months Ended
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Aug. 31, 2024
Postemployment Benefits [Abstract] |
Defined Benefit Pension Plan | 15. Defined Benefit Pension Plan Pension and Employee Benefit Obligations In our Precoat Metals segment, certain current or past employees participate in a defined benefit pension plan (the "Plan"). Prior to the Precoat Acquisition, benefit accruals were frozen for all participants. After the freeze, participants no longer accrued benefits under the Plan, and new hires of AZZ Precoat Metals are not eligible to participate in the Plan. As of August 31, 2024, the Plan was underfunded, and we have a pension obligation of $26.0 million, which is included in "Other long-term liabilities" in the consolidated balance sheets and represents the underfunded portion of the Plan. The components of net benefit cost other than the employer service cost are included in "Selling, general and administrative" expense. The following table outlines the net benefit cost and its components (in thousands):
| Three Months Ended August 31, |  | Six Months Ended August 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Expected return on plan assets | $ | 1,711 |  |  | $ | 1,759 |  |  | $ | 3,414 |  |  | $ | 3,517 |
Interest cost | (1,491) |  |  | (1,488) |  |  | (2,975) |  |  | (2,975) |
Net benefit cost | $ | 220 |  |  | $ | 271 |  |  | $ | 439 |  |  | $ | 542 |
We paid employer contributions of $5.6 million into the Plan during the six months ended August 31, 2024. We expect to pay $2.2 million of contributions into the Plan during the remainder of fiscal 2025.

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- Definition The entire disclosure for defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 912 -SubTopic 715 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482236/912-715-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//715-20/tableOfContent + Details
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