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v3.26.1

Financial Instruments and Risk Management (Tables) | 12 Months Ended
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Feb. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of fair values of derivative instruments | The following tables summarize the fair values of our derivative instruments at the end of fiscal 2026 and 2025:
(in thousands) | February 28, 2026
Derivatives designated as hedging instruments | Hedge Type |  | Final Settlement Date |  | Notional Amount |  | Prepaid Expenses and Other Current Assets |  | Other Assets |  | Accrued Expenses and Other Current Liabilities |  | Other Liabilities, Non-Current
Forward contracts - sell Euro | Cash flow |  | 11/2027 |  | € | 67,000 |  |  | $ | 149 |  |  | $ | 137 |  |  | $ | 1,239 |  |  | $ | — |
Forward contracts - sell Canadian Dollars | Cash flow |  | 10/2027 |  | $ | 29,600 |  |  | 23 |  |  | 8 |  |  | 330 |  |  | — |
Forward contracts - sell Pounds | Cash flow |  | 12/2027 |  | £ | 32,000 |  |  | — |  |  | 33 |  |  | 1,174 |  |  | 42 |
Forward contracts - sell Norwegian Kroner | Cash flow |  | 2/2027 |  | kr | 30,000 |  |  | — |  |  | — |  |  | 156 |  |  | — |
Interest rate swaps (1) | Cash flow |  | 8/2027 |  | $ | 425,000 |  |  | 381 |  |  | — |  |  | 130 |  |  | 66 |
Subtotal |  |  |  |  |  |  | 553 |  |  | 178 |  |  | 3,029 |  |  | 108 |
Derivatives not designated under hedge accounting |  |  |  |  |  |  |  |  |  |  |  |  |
Forward contracts - sell Euro | (2) |  | 3/2026 |  | € | 6,764 |  |  | 25 |  |  | — |  |  | — |  |  | — |
Forward contracts - buy Pounds | (2) |  | 3/2026 |  | £ | 787 |  |  | — |  |  | — |  |  | 13 |  |  | — |
Subtotal |  |  |  |  |  |  | 25 |  |  | — |  |  | 13 |  |  | — |
Total fair value |  |  |  |  |  |  | $ | 578 |  |  | $ | 178 |  |  | $ | 3,042 |  |  | $ | 108 |
(in thousands) | February 28, 2025
Derivatives designated as hedging instruments | Hedge Type |  | Final Settlement Date |  | Notional Amount |  | Prepaid Expenses and Other Current Assets |  | Other Assets |  | Accrued Expenses and Other Current Liabilities |  | Other Liabilities, Non-Current
Forward contracts - sell Euro | Cash flow |  | 2/2026 |  | € | 35,000 |  |  | $ | 1,266 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Forward contracts - sell Canadian Dollars | Cash flow |  | 2/2026 |  | $ | 8,000 |  |  | 38 |  |  | — |  |  | — |  |  | — |
Forward contracts - sell Pounds | Cash flow |  | 2/2026 |  | £ | 24,950 |  |  | 788 |  |  | — |  |  | 99 |  |  | — |
Forward contracts - sell Norwegian Kroner | Cash flow |  | 8/2025 |  | kr | 10,000 |  |  | 71 |  |  | — |  |  | — |  |  | — |
Interest rate swaps | Cash flow |  | 8/2026 |  | $ | 550,000 |  |  | 763 |  |  | 302 |  |  | 221 |  |  | — |
Subtotal |  |  |  |  |  |  | 2,926 |  |  | 302 |  |  | 320 |  |  | — |
Derivatives not designated under hedge accounting |  |  |  |  |  |  |  |  |  |  |  |  |
Forward contracts - sell Euro | (2) |  | 3/2025 |  | € | 680 |  |  | — |  |  | — |  |  | 2 |  |  | — |
Forward contracts - sell Pounds | (2) |  | 3/2025 |  | £ | 1,280 |  |  | — |  |  | — |  |  | 18 |  |  | — |
Subtotal |  |  |  |  |  |  | — |  |  | — |  |  | 20 |  |  | — |
Total fair value |  |  |  |  |  |  | $ | 2,926 |  |  | $ | 302 |  |  | $ | 340 |  |  | $ | — |
(1)Includes a forward-starting interest rate swap agreement effective March 1, 2026 with a notional amount of $100 million. (2)These forward contracts, for which we have not elected hedge accounting, hedge monetary net asset and liability positions for the notional amounts reported, creating an economic hedge against currency movements.
Schedule of pre-tax effect of derivative instruments | The pre-tax effects of derivative instruments designated as cash flow hedges for fiscal 2026 and 2025 were as follows:
| Fiscal Years Ended Last Day of February,
| Gain (Loss) Recognized in AOCI | Gain (Loss) Reclassified from AOCI into Income
(in thousands) | 2026 |  |  |  | 2025 |  | Location |  | 2026 |  | 2025 |  |
Foreign currency contracts - cash flow hedges | $ | (11,492) |  |  |  |  | $ | 3,294 |  |  | Sales revenue, net |  | $ | (6,837) |  |  | $ | 1,441 |  |  |
Interest rate swaps - cash flow hedges | 2,289 |  |  |  |  | 2,401 |  |  | Interest expense |  | 2,948 |  |  | 4,061 |  |  |
Total | $ | (9,203) |  |  |  |  | $ | 5,695 |  |  |  |  | $ | (3,889) |  |  | $ | 5,502 |  |  |
The pre-tax effects of derivative instruments not designated under hedge accounting for fiscal 2026 and 2025 were as follows:
|  | Fiscal Years Ended Last Day of February,
|  | Gain (Loss) Recognized in Income
(in thousands) |  | Location |  | 2026 |  | 2025
Forward contracts |  | SG&A |  | $ | (645) |  |  | $ | 76 |
Total |  |  |  | $ | (645) |  |  | $ | 76 |

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