XML 53 R42.htm IDEA: XBRL DOCUMENT
v3.25.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Feb. 28, 2025
Income Tax Disclosure [Abstract] |
Components of Provision for Income Taxes | The following table represents components of the provision for income taxes for fiscal years ended (in thousands):
|  | 2025 |  |  | 2024 |  |  | 2023 |
Current expense (benefit): |  |  |  |  |  |  |  |  |
Federal |  | $ | 13,276 |  |  | $ | 13,842 |  |  | $ | 15,784 |
State and local |  |  | 3,651 |  |  |  | 4,337 |  |  |  | 3,647 |
Total current |  |  | 16,927 |  |  |  | 18,179 |  |  |  | 19,431 |
Deferred expense (benefit): |  |  |  |  |  |  |  |  |
Federal |  |  | (1,328 | ) |  |  | (1,133 | ) |  |  | (1,341 | )
State and local |  |  | (367 | ) |  |  | (520 | ) |  |  | (460 | )
Total deferred |  |  | (1,695 | ) |  |  | (1,653 | ) |  |  | (1,801 | )
Total provision for income taxes |  | $ | 15,232 |  |  | $ | 16,526 |  |  | $ | 17,630 |
Statutory U.S. Federal Income Tax Rate to Company's Effective Tax Rate | The following summary reconciles the statutory U.S. federal income tax rate to the Company’s effective tax rate for the fiscal years ended:
|  | 2025 |  |  | 2024 |  |  | 2023 |  |
Statutory rate |  |  | 21.0 |  | % |  | 21.0 |  | % |  | 21.0 |  | %
Provision for state income taxes, net of federal income tax benefit |  |  | 4.5 |  |  |  | 4.3 |  |  |  | 3.9 |  |
Federal true-up |  |  | 0.2 |  |  |  | 1.8 |  |  |  | 1.5 |  |
Stock compensation and Section 162(m) limitation |  |  | 1.7 |  |  |  | 0.9 |  |  |  | 0.8 |  |
|  |  | 27.4 |  | % |  | 28.0 |  | % |  | 27.2 |  | %
Components of Deferred Income Tax Assets and Liabilities | The components of deferred income tax assets and liabilities are summarized as follows (in thousands) for fiscal years ended:
Deferred tax assets |  | 2025 |  |  | 2024 |
Allowance for credit losses |  | $ | 388 |  |  | $ | 385 |
Inventories |  |  | 1,169 |  |  |  | 1,128 |
Employee compensation and benefits |  |  | 1,226 |  |  |  | 712 |
Pension and noncurrent employee compensation benefits |  |  | 153 |  |  |  | 952 |
Property tax |  |  | 216 |  |  |  | — |
Operating lease liabilities |  |  | 2,567 |  |  |  | 2,529 |
Net operating loss and foreign tax credits |  |  | 542 |  |  |  | 878 |
Other |  |  | 309 |  |  |  | — |
Total deferred tax assets |  |  | 6,570 |  |  |  | 6,584 |
Less: valuation allowance |  |  | (474 | ) |  |  | (408 | )
Total deferred tax assets, net |  | $ | 6,096 |  |  | $ | 6,176 |
Deferred tax liabilities |  |  |  |  |  |
Property, plant and equipment |  | $ | 1,535 |  |  | $ | 3,137 |
Goodwill and other intangible assets |  |  | 9,774 |  |  |  | 9,739 |
Right-of-use assets |  |  | 2,525 |  |  |  | 2,466 |
Other |  |  | 103 |  |  |  | 139 |
Total deferred tax liabilities |  | $ | 13,937 |  |  | $ | 15,481 |
Net deferred income tax liabilities |  | $ | 7,841 |  |  | $ | 9,305 |
Reconciliation of Change in Unrecognized Tax Benefits | A reconciliation of the change in the unrecognized tax benefits for fiscal years ended 2025 and 2024 is as follows (in thousands):
|  | 2025 |  |  | 2024 |
Balance at March 1, 2024 |  | $ | 238 |  |  | $ | 202 |
Additions based on tax positions |  |  | — |  |  |  | 66 |
Reductions due to lapses of statues of limitations |  |  | (73 | ) |  |  | (30 | )
Balance at February 28, 2025 |  | $ | 165 |  |  | $ | 238 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax position taken on unrecognized tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration