Accounts Receivable

12 Months Ended

Feb. 29, 2024

Accounts Receivable, net consisted of the following:


($ in thousands)	February 29, 2024			February 28, 2023
Accounts receivable	$	144,253		$	153,618
Unbilled receivables		23,890			25,481
Less: Allowance for credit losses		(6,587	)		(4,290	)
Accounts receivable, net	$	161,556		$	174,809

Unbilled receivables represent revenue recognized for performance obligations that have been satisfied but for which amounts have not been billed, which the Company also refers 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	$	(908	)
BluJay Acquisition		(1,779	)
Additions		(1,917	)
Write-offs		1,549
Balance, February 28, 2022		(3,055	)
Logistyx Acquisition		(267	)
Additions		(2,185	)
Write-offs		1,217
Balance, February 28, 2023		(4,290	)
Additions		(5,653	)
Write-offs		3,356
Balance, February 29, 2024	$	(6,587	)