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Restructuring Plan (Tables)

12 Months Ended

Feb. 29, 2024

Restructuring and Related Activities [Abstract]

Summary of restructuring charges recorded

The following tables summarize restructuring charges recorded as a result of Project Pegasus for the periods presented:

			Fiscal Year Ended February 29, 2024																		Total Incurred Since Inception
(in thousands)			Home & Outdoor																					Beauty & Wellness						Total
Severance and employee related costs			$	1,046																	$	4,777					$	5,823					$	15,276
Professional fees			4,049																		6,079						10,128						26,877
Contract termination			—																		796						796						1,331
Other (1)			49																		1,916						1,965						2,590
Total restructuring charges			$	5,144																	$	13,568					$	18,712					$	46,074

(1)Includes a $1.8 million charge to write-off inventory, tooling and other production equipment as a result of abandoning a new product prior to its initial launch.

			Fiscal Year Ended February 28, 2023
(in thousands)			Home & Outdoor																		Beauty & Wellness						Total
Severance and employee related costs			$	1,984																	$	7,469					$	9,453
Professional fees			6,674																		10,075						16,749
Contract termination			—																		535						535
Other			31																		594						625
Total restructuring charges			$	8,689																	$	18,673					$	27,362

Rollforward of restructuring reserve

The tables below present a rollforward of our accruals related to Project Pegasus, which are included in accounts payable and accrued expenses and other current liabilities:

(in thousands)			Balance at February 28, 2023						Charges						Payments						Balance at February 29, 2024
Severance and employee related costs			$	3,173					$	5,823					$	(4,503)					$	4,493
Professional fees			3,201						10,128						(13,057)						272
Contract termination			160						796						(956)						—
Other			34						194						(228)						—
Total			$	6,568					$	16,941					$	(18,744)					$	4,765

(in thousands)			Balance at February 28, 2022						Charges						Payments						Balance at February 28, 2023
Severance and employee related costs			$	—					$	9,453					$	(6,280)					$	3,173
Professional fees			—						16,749						(13,548)						3,201
Contract termination			—						535						(375)						160
Other			—						625						(591)						34
Total			$	—					$	27,362					$	(20,794)					$	6,568

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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