Accounts Receivable

12 Months Ended

Feb. 28, 2023

Receivables [Abstract]

Accounts Receivable

6.Accounts Receivable

Accounts Receivable, net consisted of the following:

	Successor
	February 28,
($ in thousands)	2023			2022
Accounts receivable	$	153,618		$	143,799
Unbilled receivables		25,481			14,597
Less: Allowance for credit losses		(4,290	)		(3,055	)
Accounts receivable, net	$	174,809		$	155,341

Unbilled receivables represent revenue recognized for performance obligations that have been satisfied but for which amounts have not been billed, which the Company also refer to as contract assets.

Account balances are written off against the allowance for credit losses when the Company believes that it is probable that the receivable balance will not be recovered.

The allowance for credit losses was comprised of the following:

($ in thousands)	Amount
Balance, February 28, 2021 (Successor)	$	(908	)
BluJay Acquisition		(1,779	)
Additions		(1,917	)
Write-offs		1,549
Balance, February 28, 2022 (Successor)		(3,055	)
Logistyx Acquisition		(267	)
Additions		(2,185	)
Write-offs		1,217
Balance, February 28, 2023 (Successor)	$	(4,290	)