v3.26.1
Share-Based Compensation Plans (Tables)
3 Months Ended
May 31, 2026
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)
2026
2025 (1)
Directors’ stock compensation
$196 $196 
Service Condition Awards3,859 3,941 
Performance Condition Awards1,039 (4,526)
Market Condition Awards838 124 
Employee stock purchase plan505 561 
Share-based compensation expense6,437 296 
Less: income tax benefits
(424)(157)
Share-based compensation expense, net of income tax benefits$6,013 $139 
(1)Share-based compensation expense during the first quarter of fiscal 2026 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.