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Restructuring Plan (Tables)

9 Months Ended

Nov. 30, 2023

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:

			Three Months Ended November 30, 2023
(in thousands)			Home & Outdoor																		Beauty & Wellness						Total
Severance and employee related costs			$	109																	$	2,498					$	2,607
Professional fees			464																		794						1,258
Contract termination			—																		—						—
Other			10																		15						25
Total restructuring charges			$	583																	$	3,307					$	3,890

			Three Months Ended November 30, 2022
(in thousands)			Home & Outdoor																		Beauty & Wellness						Total
Severance and employee related costs			$	426																	$	749					$	1,175
Professional fees			4,663																		4,511						9,174
Contract termination			—																		—						—
Other			1																		113						114
Total restructuring charges			$	5,090																	$	5,373					$	10,463

			Nine Months Ended November 30, 2023																		Total Incurred Since Inception
(in thousands)			Home & Outdoor															Beauty & Wellness									Total
Severance and employee related costs			$	680														$	3,407					$	4,087					$	13,540
Professional fees			3,915															5,870						9,785						26,534
Contract termination			—															796						796						1,331
Other			49															145						194						819
Total restructuring charges			$	4,644														$	10,218					$	14,862					$	42,224

			Nine Months Ended November 30, 2022
(in thousands)			Home & Outdoor															Beauty & Wellness						Total
Severance and employee related costs			$	898														$	3,120					$	4,018
Professional fees			4,663															4,639						9,302
Contract termination			—															1,500						1,500
Other			1															420						421
Total restructuring charges			$	5,562														$	9,679					$	15,241

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 November 30, 2023
Severance and employee related costs			$	3,173					$	4,087					$	(3,758)					$	3,502
Professional fees			3,201						9,785						(12,559)						427
Contract termination			160						796						(956)						—
Other			34						194						(228)						—
Total			$	6,568					$	14,862					$	(17,501)					$	3,929

(in thousands)			Balance at February 28, 2022						Charges						Payments						Balance at November 30, 2022
Severance and employee related costs			$	—					$	4,018					$	(2,805)					$	1,213
Professional fees			—						9,302						(2,196)						7,106
Contract termination			—						1,500						—						1,500
Other			—						421						(414)						7
Total			$	—					$	15,241					$	(5,415)					$	9,826

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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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