v3.26.3
Financial Instruments and Risk Management (Tables)
 6 Months Ended
Aug. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments
The following tables summarize the fair values of our derivative instruments as of the end of the periods presented:
(in thousands)August 31, 2026

Derivatives designated as hedging instruments		Hedge
Type		Final
Settlement Date		Notional AmountPrepaid
Expenses
and Other
Current Assets		Other AssetsAccrued
Expenses
and Other
Current Liabilities		Other
Liabilities, Non- Current
Forward contracts - sell EuroCash flow1/2028€47,600 $969 $200 $59 $— 
Forward contracts - sell Canadian DollarsCash flow10/2027$24,750 177 26 36 — 
Forward contracts - sell PoundsCash flow2/2028£24,500 — 12 861 50 
Forward contracts - sell Norwegian KronerCash flow8/2027kr35,450 18 — 74 — 
Forward contracts - sell Mexican PesosCash flow2/2028$125,000 — — 159 51 
Interest rate swaps Cash flow8/2027$300,000 1,896 — — — 
Subtotal3,060 238 1,189 101 
Derivatives not designated under hedge accounting
Forward contracts - sell Euro
(1)9/2026€3,094 — — 22 — 
Forward contracts - buy Pounds
(1)9/2026£2,643 11 — — — 
Subtotal11 — 22 — 
Total fair value$3,071 $238 $1,211 $101 
(in thousands)February 28, 2026

Derivatives designated as hedging instruments		Hedge TypeFinal
Settlement Date		Notional AmountPrepaid
Expenses
and Other
Current Assets		Other AssetsAccrued
Expenses
and Other
Current Liabilities		Other
Liabilities Non- Current
Forward contracts - sell EuroCash flow11/2027€67,000 $149 $137 $1,239 $— 
Forward contracts - sell Canadian DollarsCash flow10/2027$29,600 23 8 330 — 
Forward contracts - sell PoundsCash flow12/2027£32,000 — 33 1,174 42 
Forward contracts - sell Norwegian KronerCash flow2/2027kr30,000 — — 156 — 
Interest rate swaps (2)Cash flow8/2027$425,000 381 — 130 66 
Subtotal553 178 3,029 108 
Derivatives not designated under hedge accounting
Forward contracts - sell Euro
(1)3/2026€6,764 25 — — — 
Forward contracts - buy Pounds(1)3/2026£787 — — 13 — 
Subtotal25 — 13 — 
Total fair value$578 $178 $3,042 $108 
(1)These forward contracts, for which we have not elected hedge accounting, hedge monetary net asset and liability positions for the notional amounts reported, creating an economic hedge against currency movements.
(2)Includes a forward-starting interest rate swap agreement with a notional amount of $100 million that became effective on March 1, 2026.
Schedule of Pre-Tax Effect of Derivative Instruments Designated as Hedges
The pre-tax effects of derivative instruments designated as cash flow hedges were as follows for the periods presented:
Three Months Ended August 31,
Gain (Loss)
Recognized in AOCI
Gain (Loss) Reclassified
from AOCI into Income
(in thousands)20262025Location20262025
Foreign currency contracts - cash flow hedges$594 $(2,368)Sales revenue, net$101 $(1,770)
Interest rate swaps - cash flow hedges582 (743)Interest expense415 1,149 
Total$1,176 $(3,111)$516 $(621)

Six Months Ended August 31,
Gain (Loss)
Recognized in AOCI		Gain (Loss) Reclassified
from AOCI into Income
(in thousands)20262025Location20262025
Foreign currency contracts - cash flow hedges$2,405 $(12,075)Sales revenue, net$(298)$(2,493)
Interest rate swaps - cash flow hedges2,524 1,870 Interest expense813 2,077 
Total$4,929 $(10,205)$515 $(416)

The pre-tax effects of derivative instruments not designated under hedge accounting were as follows for the periods presented:
Gain (Loss) 
Recognized in Income
Three Months Ended August 31,Six Months Ended August 31,
(in thousands)Location2026202520262025
Forward contractsSG&A$96 $(169)$188 $(505)
Total$96 $(169)$188 $(505)