v3.26.1
Fair Value (Tables)
 3 Months Ended
May 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents the fair value of our financial assets and liabilities:
 
Fair Value
(in thousands)May 31, 2026February 28, 2026
Assets: 
Cash equivalents (money market accounts)$6,655 $4,189 
U.S. Treasury Bills
11,138 11,175 
Interest rate swaps1,729 381 
Foreign currency derivatives1,202 375 
Total assets$20,724 $16,120 
  
Liabilities: 
Interest rate swaps$— $196 
Contingent consideration
400 5,400 
Foreign currency derivatives1,563 2,954 
Total liabilities$1,963 $8,550 
Schedule of Changes in Level 3 Contingent Consideration Liability
The following table presents the changes in our Level 3 contingent consideration liability:

Three Months Ended May 31,
(in thousands)20262025
Balance at beginning of period
$5,400 $4,100 
Changes in fair value— — 
Settlements (1)(5,000)— 
Balance at end of period (2)$400 $4,100 
(1)Represents a contingent consideration payment of $5.0 million in April 2026 based on Olive & June’s achievement of the adjusted EBITDA target for calendar year 2025.
(2)As of May 31, 2026 and May 31, 2025, the estimated fair value of the contingent consideration liability was $0.4 million and $4.1 million, respectively, of which $0.3 million and $1.8 million was included within accrued expenses and other current liabilities, respectively, and $0.1 million and $2.3 million was included within other liabilities, non-current, respectively, in our condensed consolidated balance sheet.