v3.25.2
Share-Based Compensation Plans (Tables)
3 Months Ended
May 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense in SG&A
We recorded share-based compensation expense in SG&A as follows:
 Three Months Ended May 31,
(in thousands)
2025 (1)
2024
Directors' stock compensation
$196 $196 
Service Condition Awards3,941 2,568 
Performance Condition Awards(4,526)1,047 
Market Condition Awards124 1,395 
Employee stock purchase plan561 627 
Share-based compensation expense296 5,833 
Less: income tax benefits
(157)(264)
Share-based compensation expense, net of income tax benefits$139 $5,569 
(1)Share-based compensation expense during the first quarter of fiscal 2025 includes a benefit for Performance Condition Awards, as a result of a change in estimate from target achievement to zero percent achievement for Performance Condition Awards granted during fiscal 2024.