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Long-Term Debt (Tables)
 12 Months Ended
Feb. 28, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
A summary of our long-term debt follows:
(in thousands)February 28, 2026February 28, 2025
Amended Credit Agreement:
Revolving loans$308,200 $678,100 
Term loans477,344 243,750 
Total borrowings under Amended Credit Agreement785,544 921,850 
Unamortized prepaid financing fees(4,733)(4,956)
Total long-term debt780,811 916,894 
Less: current maturities of long-term debt(25,000)(9,375)
Long-term debt, excluding current maturities$755,811 $907,519 
Schedule of Aggregate Annual Maturities of Long-term Debt
Aggregate annual maturities of our long-term debt as of February 28, 2026 were as follows:
(in thousands)
Fiscal 2027$25,000 
Fiscal 202825,000 
Fiscal 2029735,544 
Fiscal 2030— 
Fiscal 2031— 
Thereafter— 
Total$785,544 
Schedule of Interest Rates On Credit Agreement
The following table contains information about interest rates and the related weighted average borrowings outstanding under our Amended Credit Agreement, including under the prior credit agreement, for the periods presented below:
 Fiscal Years Ended Last Day of February,
(in thousands)202620252024
Amended Credit Agreement:
Average borrowings outstanding (1)$876,070$761,245$806,415
Average effective interest rate (2)6.3%6.6%6.4%
Interest rate range (3)
5.9% - 8.5%
5.9% - 9.3%
6.5% - 9.3%
Weighted average interest rate on borrowings outstanding at year end (4)
5.7%5.6%6.0%
(1)Average borrowings outstanding is computed as the average of the current and four prior quarters ending balances outstanding.
(2)The average effective interest rate during each year is computed by dividing the total interest expense associated with the borrowing for a fiscal year by the average borrowings outstanding for the same fiscal year. We included the impact of our interest rate swaps and commitment fees incurred under the Amended Credit Agreement and prior credit agreement in computing total interest expense.
(3)Interest rate range reflects the interest rates on the borrowings under the Amended Credit Agreement and prior credit agreement, pursuant to the respective agreements, and excludes the impact of our interest rate swaps.
(4)The weighted average interest rate on borrowings outstanding at year end under the Amended Credit Agreement is computed inclusive of the impact of our interest rate swaps.
Schedule of debt, restrictive covenants Amends the maximum Leverage Ratio financial covenant so that it is not permitted to be greater than as set forth below as of the end of the fiscal quarter:
Fiscal Quarter Ending
Maximum
Leverage Ratio
November 30, 2025
4.50 to 1.00
February 28, 2026 through August 31, 2026
4.50 to 1.00
November 30, 2026
4.00 to 1.00
February 28, 2027 through May 31, 2027
3.75 to 1.00
August 31, 2027 and each fiscal quarter thereafter
3.50 to 1.00