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Income Taxes (Tables)
 12 Months Ended
Feb. 28, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Before Taxes
Our components of (loss) income before income tax were as follows:
 Fiscal Years Ended Last Day of February,
(in thousands)202620252024
U.S.$(341,573)$19,827 $68,957 
Non-U.S.(497,265)71,837 140,085 
Total$(838,838)$91,664 $209,042 
Schedule of Components of Income Tax Expense (Benefit)
Our components of income tax expense (benefit) were as follows:
 Fiscal Years Ended Last Day of February,
(in thousands)202620252024
Current:   
U.S. federal$14,263 $9,570 $9,259 
State3,880 5,046 2,704 
Non-U.S.3,992 29,279 15,275 
 22,135 43,895 27,238 
Deferred:   
U.S. federal(15,584)(2,287)9,449 
State(3,539)614 3,252 
Non-U.S.57,132 (74,309)509 
 38,009 (75,982)13,210 
Total$60,144 $(32,087)$40,448 
Schedule of Effective Income Tax Rate Reconciliation Our income tax rate reconciliation for fiscal 2026 was as follows:
Fiscal Year Ended February 28, 2026
 (in thousands)Percent
Tax at U.S. federal statutory tax rate$(176,156)21.0 %
State and local income taxes, net of federal income tax effect (1)411 — %
Foreign tax effects:
Switzerland
Statutory tax rate difference47,502 (5.7)%
Cantonal and local taxes (2)
Vaud changes in valuation allowances42,030 (5.0)%
Vaud asset impairment10,124 (1.2)%
Vaud taxes and other(28,901)3.4 %
Changes in valuation allowances64,603 (7.7)%
Asset impairment15,561 (1.9)%
Other(6,892)0.8 %
United Kingdom
Asset impairment26,984 (3.2)%
Other(5,639)0.7 %
Other foreign jurisdictions2,707 (0.3)%
Effect of cross-border tax laws1,437 (0.2)%
Nontaxable or nondeductible items:
Asset impairment63,732 (7.6)%
Other4,071 (0.5)%
Changes in unrecognized tax benefits(2,529)0.3 %
Other items1,099 (0.1)%
Effective income tax rate$60,144 (7.2)%
(1)State taxes in Mississippi and Texas made up the majority of the tax effect in this category.
(2)Cantonal taxes in Vaud made up the majority of the tax effect in this category.
Our income tax rate reconciliations for prior periods have not been adjusted and continue to reflect the presentation requirements in effect before the adoption of ASU 2023-09.
 Fiscal Years Ended Last Day of February,
 20252024
Effective income tax rate at the U.S. statutory rate21.0 %21.0 %
Impact of U.S. state income taxes5.6 %2.2 %
Effect of statutory tax rate in Macau(3.5)%(4.0)%
Effect of statutory tax rate in Barbados(1.6)%(2.4)%
Effect of statutory tax rate in Switzerland(0.3)%(1.8)%
Effect of income from other non-U.S. operations subject to varying rates2.4 %2.3 %
Effect of foreign exchange fluctuations3.2 %(0.3)%
Effect of stock compensation
2.3 %1.2 %
Effect of uncertain tax positions(7.7)%0.4 %
Effect of non-deductible executive compensation1.5 %1.9 %
Effect of intangible asset reorganization
(70.5)%— %
Effect of asset impairment
2.2 %— %
Effect of changes in valuation allowance
2.5 %3.9 %
Effect of base erosion and anti-abuse tax
0.9 %— %
Effect of changes in tax rates6.8 %(4.4)%
Other items0.2 %(0.7)%
Effective income tax rate(35.0)%19.3 %
Schedule of Components of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities were as follows:
(in thousands)February 28, 2026February 28, 2025
Deferred tax assets, gross:
Operating loss carryforwards and tax credits$46,700 $22,436 
Accounts receivable6,650 5,976 
Inventories17,264 18,373 
Operating lease liabilities13,913 10,448 
Research and development expenditures3,901 4,911 
Interest limitation15,904 13,616 
Accrued expenses and other7,403 5,613 
Amortization
55,705 14,033 
Total gross deferred tax assets167,440 95,406 
Valuation allowance(129,240)(21,374)
Deferred tax liabilities:  
Operating lease assets(11,446)(7,844)
Depreciation(25,229)(27,811)
Total deferred tax assets, net$1,525 $38,377 
Schedule of Operating Loss Carryforwards
The composition of our operating loss carryforwards and tax credits at the end of fiscal 2026 was as follows:
 February 28, 2026
(in thousands)Tax Year
 Expiration
Date Range		Deferred
Tax
Assets		Operating
Loss
Carryforward
U.S. state operating loss carryforwards2036-2047$2,156 $43,850 
Non-U.S. operating loss carryforwards with definite carryover periods2028-204624,344 183,569 
Non-U.S. operating loss carryforwards with indefinite carryover periodsIndefinite20,200 115,628 
Subtotal 46,700 $343,047 
Less portion of valuation allowance established for operating loss carryforwards (43,895)
Total operating loss carryforwards, net of valuation allowance$2,805 
Schedule of Unrecognized Tax Benefits
During fiscal 2026, 2025 and 2024, changes in the total amount of unrecognized tax benefits (excluding interest and penalties) were as follows:
Fiscal Years Ended Last Day of February,
(in thousands)202620252024
Total unrecognized tax benefits, beginning balance$605 $6,824 $6,018 
Tax positions taken during the current period— 894 806 
Tax positions taken during the prior period184 — — 
Lapse in statute of limitations(605)— — 
Settlements— (7,113)— 
Total unrecognized tax benefits, ending balance184 605 6,824 
Less current unrecognized tax benefits— — — 
Non-current unrecognized tax benefits$184 $605 $6,824 
Schedule of Material Tax Years Under Examination or Still Subject to Examination by Major Tax Jurisdictions As of February 28, 2026, tax years under examination or still subject to examination by material tax jurisdictions were as follows:
JurisdictionTax Years Under ExaminationOpen Tax Years
Barbados- None -2021—2026
China2009-20182009—2026
Macao- None -2021—2026
Switzerland- None -2021—2026
United Kingdom- None -2025—2026
U.S.- None -2022—2026
Schedule of Income Tax Paid
Following the adoption of ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, our cash income taxes paid, net of refunds, were as follows:
(in thousands)Fiscal Year Ended February 28, 2026
U.S. Federal
$14,817 
Other
2,648 
Total U.S.
17,465 
Hong Kong
(2,962)
Macao
6,152 
United Kingdom
2,707 
Other
3,163 
Total Non-U.S.
$9,060 
Total$26,525