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Financial Instruments and Risk Management (Tables)

12 Months Ended

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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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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-Topic 815
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