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Share-Based Compensation Plans (Tables)
12 Months Ended
Feb. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Expense in SG&A
We recorded share-based compensation expense in SG&A as follows:
 Fiscal Years Ended Last Day of February,
(in thousands)
2026 (1)
20252024
Directors’ stock compensation$784 $785 $787 
Service Condition Awards16,983 11,407 12,345 
Performance Condition Awards(3,634)3,611 5,746 
Market Condition Awards1,862 4,529 13,790 
Employee stock purchase plan890 1,044 1,204 
Share-based compensation expense16,885 21,376 33,872 
Less: income tax benefits(1,444)(1,240)(2,110)
Share-based compensation expense, net of income tax benefits$15,441 $20,136 $31,762 
(1)Share-based compensation expense during fiscal 2026 includes a benefit for Performance Condition Awards, as a result of a change in estimate from target achievement to zero percent achievement for certain Performance Condition Awards granted during fiscal 2026, 2025 and 2024.
Schedule of Option Activity A summary of stock option activity under our 2008 plan was as follows:
(in thousands, except contractual term and per share data)
Options 
Weighted
Average
Exercise
Price
(per share) 
Weighted
Average
Remaining
Contractual
Term
(in years)
Intrinsic
Value 
Outstanding at February 28, 2025
4 $87.61 0.2$ 
Expirations(4)87.61 
Outstanding at February 28, 2026
 $ $ 
Exercisable at February 28, 2026
 $ $ 
Schedule of Award Activity A summary of Service Condition Awards activity during fiscal 2026 follows:
(in thousands, except per share data)Number of
Service Condition Awards
Weighted Average
Grant Date Fair Value
(per share)
Outstanding at February 28, 2025
268 $107.29 
Granted433 43.64 
Vested(148)95.79 
Forfeited(101)73.55 
Outstanding at February 28, 2026
452 $57.61 
A summary of Performance Condition Awards activity during fiscal 2026 follows and reflects all PSAs granted and outstanding at maximum achievement of 200% of Target:
(in thousands, except per share data)Number of Performance Condition Awards Weighted Average
Grant Date Fair Value
(per share)
Outstanding at February 28, 2025
421 $112.67 
Granted256 49.11 
Vested   
Forfeited (1)(221)112.58 
Outstanding at February 28, 2026
456 $77.02 
(1)Includes fiscal 2023 Performance Condition Awards which had a performance achievement level of 0%.
A summary of Market Condition Awards
activity during fiscal 2026 follows and reflects all PSAs granted and outstanding at maximum achievement of 200% of Target:
(in thousands, except per share data)Number of Market Condition Awards Weighted Average
Grant Date Fair Value
(per share)
Outstanding at February 28, 2025
241 $102.48 
Granted219 26.47 
Vested  
Forfeited (1)
(155)98.28 
Outstanding at February 28, 2026
305 $50.32 
(1)Includes fiscal 2023 Market Condition Awards which had a performance achievement level of 0%.
Schedule of Fair Value Measurement Inputs and Valuation Techniques The input variables utilized are included in the table below:
Fiscal Years Ended Last Day of February,
202620252024
Expected term in years333
Risk free interest rate3.9 %4.3 %4.6 %
Expected volatility 49.0 %41.0 %46.0 %
Expected dividend yield (1) %— %— %
(1)The Monte Carlo method assumes a reinvestment of dividends.