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Acquisition of Olive & June (Tables)
 12 Months Ended
Feb. 28, 2026
Business Combination [Abstract]  
Schedule of Fair Values of Assets Acquired and Liabilities Assumed in Acquisition
The following table presents the estimated fair values of assets acquired and liabilities assumed at the acquisition date:
(in thousands)
Assets: 
Receivables$13,182 
Inventory15,121 
Prepaid expenses and other current assets3,920 
Property and equipment1,490 
Goodwill150,726 
Trade names - definite51,000 
Customer relationships - definite
8,000 
Other intangible assets - definite
1,600 
Other assets
275 
Total assets245,314 
Liabilities:
Accounts payable5,614 
Accrued expenses and other current liabilities12,731 
Other liabilities, non-current
2,300 
Total liabilities20,645 
Net assets recorded$224,669 
Schedule of Supplemental Pro Forma Impact on Consolidated Condensed Statements of Income
The impact of the acquisition of Olive & June on our consolidated statement of income for fiscal 2025 was as follows:
December 16, 2024 (acquisition date) through February 28, 2025
(in thousands, except loss per share data)
Fiscal Year Ended February 28, 2025 (1)
Sales revenue, net$23,010 
Net loss
(1,755)
Loss per share:
Basic$(0.08)
Diluted(0.08)
(1)Represents approximately eleven weeks of operating results from Olive & June, acquired December 16, 2024. Net loss and loss per share amounts include acquisition-related expenses, share-based compensation expense, amortization expense, interest expense and income tax expense.

The following supplemental unaudited pro forma information presents our financial results as if the acquisition of Olive & June had occurred on March 1, 2023. This supplemental pro forma information has been prepared for comparative purposes and does not necessarily indicate what may have occurred if the acquisition had been completed on March 1, 2023, and this information is not intended to be indicative of future results:
Fiscal Years Ended the Last Day of February,
(in thousands, except earnings per share data)
2025 (1)
2024
Sales revenue, net$1,980,423 $2,080,566 
Net income123,883 176,893 
Earnings per share:
Basic$5.38 $7.41 
Diluted5.37 7.38 
(1)Pro forma net income and earnings per share amounts for fiscal 2025 include acquisition-related expenses incurred by Olive & June and the Company of $8.9 million and $3.0 million, respectively, amortization expense of $4.7 million, and interest expense of $2.4 million.