Income Taxes (Tables)

12 Months Ended

Feb. 28, 2026

Income Tax Provision


	Years Ended February 28 or 29
	2026						2025						2024
(In thousands)	Current		Deferred		Total		Current		Deferred		Total		Current		Deferred		Total
Federal	$	39,579	$	71,014	$	110,593	$	156,819	$	(22,253)	$	134,566	$	140,480	$	(6,542)	$	133,938
State	22,764		2,786		25,550		35,709		(1,471)		34,238		26,711		1,742		28,453
Total	$	62,343	$	73,800	$	136,143	$	192,528	$	(23,724)	$	168,804	$	167,191	$	(4,800)	$	162,391

Schedule Of Effective Income Tax Rate Reconciliation

Income Tax Provision and Effective Tax Rate Reconciliation


	Years Ended February 28 or 29
	2026		2025		2024
(In thousands)	$	%	$	%	$	%
Federal tax at statutory rate	80,521	21.0	140,566	21.0	134,735	21.0
Domestic federal:
Effect of changes in tax laws or rates enacted in the current period	3,273	0.9	—	—	—	—

Tax credits:
Research and development credit	(4,158)	(1.1)	(5,426)	(0.8)	(4,179)	(0.6)
Purchased tax credits	(4,468)	(1.2)	(5,777)	(0.9)	—	—
Other credits	(115)	—	(63)	—	(375)	(0.1)
Changes in valuation allowances	(10)	—	55	—	(117)	—
Nontaxable or nondeductible items:
Executive compensation	6,055	1.6	7,238	1.1	5,786	0.9
Goodwill impairment	29,564	7.7	—	—	—	—
Other nontaxable or nondeductible items	3,242	0.8	2,840	0.4	2,873	0.4
Other (1)	2,384	0.6	3,449	0.5	1,367	0.2
Domestic state and local income taxes, net of federal effect (2)	20,713	5.4	26,841	4.0	23,495	3.7
Changes in prior year unrecognized tax benefits	(858)	(0.2)	(919)	(0.1)	(1,194)	(0.2)
Income tax provision and effective tax rate	136,143	35.5	168,804	25.2	162,391	25.3

(1)Includes the federal tax impact of share-based compensation.

(2)For fiscal 2026, state and local taxes in California, North Carolina and Illinois made up the majority of the tax effect in this category. For fiscal 2025, state and local taxes in California, Illinois, Florida and North Carolina made up the majority of the tax effect in this category. For fiscal 2024, state and local taxes in California, Illinois and Texas made up the majority of the tax effect in this category.

Schedule Of Temporary Differences Resulting In Deferred Tax Assets And Liabilities

Temporary Differences Resulting in Deferred Tax Assets and Liabilities


	As of February 28
(In thousands)	2026		2025
Deferred tax assets:
Accrued expenses and other	$	85,878	$	98,861
Allowance for loan losses	110,197		111,385


Net operating loss carryforwards and other tax attributes	22,299		24,462
Operating lease liabilities	131,003		136,190
Share-based compensation	55,798		51,284

Capital loss carryforward	752		766
Total deferred tax assets	405,927		422,948
Less: valuation allowance	(752)		(766)
Total deferred tax assets after valuation allowance	405,175		422,182
Deferred tax liabilities:
Intangibles	35,375		39,317
Prepaid expenses	11,142		11,810
Property and equipment	148,019		82,285
Operating lease assets	115,479		123,520
Inventory	15,236		11,924

Derivatives	1,445		12,994
Total deferred tax liabilities	326,696		281,850
Net deferred tax asset	$	78,479	$	140,332

Schedule Of Reconciliation Of Unrecognized Tax Benefits

Reconciliation of Unrecognized Tax Benefits


	Years Ended February 28 or 29
(In thousands)	2026		2025		2024
Balance at beginning of year	$	18,035	$	28,817	$	27,092
Increases for tax positions of prior years	2,667		138		397
Decreases for tax positions of prior years	(1,276)		—		(172)
Increases based on tax positions related to the current year	2,723		4,669		3,627
Settlements	(951)		(142)		(386)
Lapse of statute	(2,352)		(15,447)		(1,741)
Balance at end of year	$	18,846	$	18,035	$	28,817