Income Taxes (Tables)

12 Months Ended

Feb. 28, 2022

Income Tax Disclosure [Abstract]

Schedule Of Income Tax Provision

Income Tax Provision

	Years Ended February 28 or 29
(In thousands)	2022		2021		2020
Current:
Federal	$	264,194	$	209,447	$	225,858
State	61,855		44,678		47,797
Total	326,049		254,125		273,655
Deferred:
Federal	10,560		(27,971)		146
State	4,440		(7,816)		(1,248)
Total	15,000		(35,787)		(1,102)
Income tax provision	$	341,049	$	218,338	$	272,553

Schedule Of Effective Income Tax Rate Reconciliation

Effective Income Tax Rate Reconciliation

	Years Ended February 28 or 29
	2022		2021		2020
Federal statutory income tax rate	21.0	%	21.0	%	21.0	%
State and local income taxes, net of federal benefit	3.7		3.3		3.4
Share-based compensation	(1.8)		(1.6)		(1.1)
Nondeductible and other items	0.7		0.5		0.7
Credits	(0.7)		(0.6)		(0.5)
Effective income tax rate	22.9	%	22.6	%	23.5	%

Schedule Of Temporary Differences Resulting In Deferred Tax Assets And Liabilities

Temporary Differences Resulting in Deferred Tax Assets and Liabilities

	As of February 28
(In thousands)	2022		2021
Deferred tax assets:
Accrued expenses and other	$	122,791	$	67,185
Allowance for loan losses	104,454		—
Partnership basis	—		135,437
Prepaid expenses	4,236		—
Net operating loss carryforwards and other tax attributes	38,637		—
Operating lease liabilities	144,693		115,583
Share-based compensation	40,579		54,681
Derivatives	—		9,317
Capital loss carry forward	745		901
Total deferred tax assets	456,135		383,104
Less:  valuation allowance	(1,455)		(901)
Total deferred tax assets after valuation allowance	454,680		382,203
Deferred tax liabilities:
Intangibles	51,088		—
Prepaid expenses	—		21,302
Property and equipment	115,263		75,383
Operating lease assets	137,095		110,006
Inventory	19,147		11,251
Derivatives	11,156		—
Total deferred tax liabilities	333,749		217,942
Net deferred tax asset	$	120,931	$	164,261

Schedule Of Reconciliation Of Unrecognized Tax Benefits

Reconciliation of Unrecognized Tax Benefits

	Years Ended February 28 or 29
(In thousands)	2022		2021		2020
Balance at beginning of year	$	28,997	$	30,865	$	30,270
Increases for tax positions of prior years	432		188		3,493
Decreases for tax positions of prior years	(5,056)		(4,468)		(2,913)
Increases based on tax positions related to the current year	2,657		3,634		4,170
Settlements	(391)		(4)		(326)
Lapse of statute	(1,874)		(1,218)		(3,829)
Balance at end of year	$	24,765	$	28,997	$	30,865