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Restructuring Plan (Tables)

3 Months Ended

May 31, 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:

			Three Months Ended May 31, 2024																		Total Incurred Since Inception
(in thousands)			Home & Outdoor						Beauty & Wellness						Total
Severance and employee related costs			$	440					$	1,125					$	1,565					$	16,841
Professional fees			—						270						270						27,147
Contract termination			—						—						—						1,331
Other			—						—						—						2,590
Total restructuring charges			$	440					$	1,395					$	1,835					$	47,909

			Three Months Ended May 31, 2023
(in thousands)			Home & Outdoor						Beauty & Wellness						Total
Severance and employee related costs			$	484					$	408					$	892
Professional fees			2,269						3,357						5,626
Contract termination			—						688						688
Other			37						112						149
Total restructuring charges			$	2,790					$	4,565					$	7,355

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 29, 2024						Charges						Payments						Balance at May 31, 2024
Severance and employee related costs			$	4,493					$	1,565					$	(2,975)					$	3,083
Professional fees			272						270						(24)						518
Contract termination			—						—						—						—
Other			—						—						—						—
Total			$	4,765					$	1,835					$	(2,999)					$	3,601

(in thousands)			Balance at February 28, 2023						Charges						Payments						Balance at May 31, 2023
Severance and employee related costs			$	3,173					$	892					$	(2,316)					$	1,749
Professional fees			3,201						5,626						(6,026)						2,801
Contract termination			160						688						(848)						—
Other			34						149						(183)						—
Total			$	6,568					$	7,355					$	(9,373)					$	4,550

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- References

No definition available.

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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.

+ References

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 1
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