v3.26.3
Fair Value (Tables)
 6 Months Ended
Aug. 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)August 31, 2026February 28, 2026
Assets:
Cash equivalents (money market accounts)$3,459 $4,189 
U.S. Treasury Bills
11,166 11,175 
Interest rate swaps1,896 381 
Foreign currency derivatives1,413 375 
Total assets$17,934 $16,120 
Liabilities:
Interest rate swaps$— $196 
Contingent consideration
— 5,400 
Foreign currency derivatives1,312 2,954 
Total liabilities$1,312 $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 August 31,Six Months Ended August 31,
(in thousands)2026202520262025
Balance at beginning of period
$400 $4,100 $5,400 $4,100 
Changes in fair value (1)(400)— (400)— 
Settlements (2)— — (5,000)— 
Balance at end of period (3)$— $4,100 $— $4,100 
(1)Reflects a decrease in the estimated fair value of our contingent consideration liability, which was recognized in SG&A during the three and six months ended August 31, 2026. The fair value of the contingent consideration liability was determined to be de minimis as of August 31, 2026 based on Olive & June’s adjusted EBITDA forecasts and the inputs described above.
(2)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.
(3)As of August 31, 2025, the estimated fair value of the contingent consideration liability was $4.1 million, of which $1.8 million was included within accrued expenses and other current liabilities and $2.3 million was included within other liabilities, non-current in our condensed consolidated balance sheet.