v3.26.1
Equity
3 Months Ended
May 31, 2026
Equity [Abstract]  
Equity
14. Equity
Share Repurchase Program
On November 10, 2020, our Board of Directors authorized a $100 million share repurchase program pursuant to which we may repurchase our common stock (the "2020 Authorization"). Repurchases under the 2020 Authorization will be made through open market or private transactions, in accordance with applicable federal securities laws, and could include repurchases pursuant to Rule 10b5-1 trading plans, which allows stock repurchases when we might otherwise be precluded from doing so. Currently, share repurchases may not exceed 6% of our market capitalization per fiscal year.
On January 22, 2026, our Board of Directors authorized a $100 million share repurchase program (the "2026 Share Repurchase Program") pursuant to which we may repurchase our common stock. Repurchases under the 2026 Share Repurchase Program will be made through open market or private transactions, in accordance with applicable federal securities laws, and could include repurchases pursuant to Rule 10b5-1 trading plans, which allows stock repurchases when we might otherwise be precluded from doing so. Currently, share repurchases may not exceed 6% of our market capitalization per fiscal year.
During the three months ended May 31, 2026, we did not repurchase any shares of common stock under the 2020 Share Authorization or the 2026 Share Repurchase Program. As of May 31, 2026, there was $33.2 million and $100.0 million remaining to repurchase shares under the 2020 Authorization and the 2026 Share Repurchase Program, respectively.
Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) ("AOCI"), after tax, for the three months ended May 31, 2026 and 2025, consisted of the following (in thousands):
 Three Months Ended May 31, 2026
Foreign Currency Translation Gain (Loss)Foreign Currency Translation Gain (Loss) for Unconsolidated Subsidiary,
Net of Tax
Net Actuarial Gain (Loss), Net of TaxInterest Rate Swap, Net of TaxInterest Rate Swap, Net of Tax for Unconsolidated SubsidiaryTotal
Balance as of beginning of period$(7,790)$432 $1,207 $(1,397)$— $(7,548)
Other comprehensive income (loss) before reclassification(551)(1,142)— 1,361 — (332)
Amounts reclassified from AOCI— — — 54 — 54 
Net change in AOCI(551)(1,142)— 1,415 — (278)
Balance as of end of period$(8,341)$(710)$1,207 $18 $— $(7,826)
Three Months Ended May 31, 2025
Foreign Currency Translation Gain (Loss)Foreign Currency Translation Gain (Loss) for Unconsolidated Subsidiary,
Net of Tax
Net Actuarial Gain (Loss), Net of TaxInterest Rate Swap, Net of TaxInterest Rate Swap, Net of Tax for Unconsolidated SubsidiaryTotal
Balance as of beginning of period$(10,329)$(388)$(587)$(265)$(11)$(11,580)
Other comprehensive income (loss) before reclassification1,956 241 — 339 2,539 
Amounts reclassified from AOCI(1)
— — — (48)— (48)
Net change in AOCI1,956 241 — 291 2,491 
Balance as of end of period$(8,373)$(147)$(587)$26 $(8)$(9,089)