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Accounts Receivable and Allowance for Credit Losses | 12 Months Ended
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Feb. 28, 2025
Receivables [Abstract] |
Accounts Receivable and Allowance for Credit Losses | (2) Accounts Receivable and Allowance for Credit Losses Accounts receivable are reduced by an allowance for an estimate of amounts that are uncollectible. Substantially all of the Company’s receivables are due from customers in North America. The Company extends credit to its customers based upon its evaluation of the following factors: (i) the customer’s financial condition, (ii) the amount of credit the customer requests, and (iii) the customer’s actual payment history (which includes disputed invoice resolution). The Company does not typically require its customers to post a deposit or supply collateral. The Company’s allowance for credit losses is based on an analysis that estimates the amount of its total customer receivable balance that is not collectible. This analysis includes assessing a default probability to customers’ receivable balances, which is influenced by several factors including (i) current market conditions, (ii) periodic review of customer credit worthiness, and (iii) review of customer receivable aging and payment trends. The Company writes off accounts receivable when they become uncollectible, and payments subsequently received on such receivables are credited to the allowance in the period the payment is received. Recoveries for the years presented were not significant to the financial statements. Credit losses have consistently been within management’s expectations. The following table represents the activity in the Company’s allowance for credit losses for the fiscal years ended (in thousands):
|  | 2025 |  |  | 2024 |  |  | 2023 |
Balance at beginning of year |  | $ | 1,707 |  |  | $ | 1,710 |  |  | $ | 1,200 |
Bad debt expense, net of recoveries |  |  | 228 |  |  |  | 693 |  |  |  | 663 |
Accounts written off |  |  | (222 | ) |  |  | (696 | ) |  |  | (153 | )
Balance at end of year |  | $ | 1,713 |  |  | $ | 1,707 |  |  | $ | 1,710 |
|  | February 28, |  |  | February 29, |
|  | 2025 |  |  | 2024 |
Trade receivables, net of allowance for credit losses |  | $ | 37,037 |  |  | $ | 39,665 |
Vendor rebates |  |  | 1,649 |  |  |  | 3,109 |
Note receivable |  |  | — |  |  |  | 4,435 |
Other |  |  | 67 |  |  |  | — |
|  | $ | 38,753 |  |  | $ | 47,209 |
The note receivable relates to the sale of an unused manufacturing facility and was originally structured to be paid in 12 consecutive monthly installments, with a fixed interest rate of 5.95% per annum and a balloon payment due upon completion of the final payment. The $4.4 million note receivable was reclassified to long-term. The note receivable has been extended beyond the one-year maturity date due to regulatory delays in clearing the facility for third-party financing.

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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