Other Comprehensive Income (Loss)

12 Months Ended

Feb. 29, 2024

Statement of Other Comprehensive Income [Abstract]

Other Comprehensive Loss

22.Other Comprehensive Loss

Accumulated other comprehensive loss in the equity section of Consolidated Balance Sheets includes:

($ in thousands)	Foreign Currency Translation Adjustment			Unrealized Holding (Losses) Gains on Foreign Exchange Forward Contracts			Unrealized Holding Gains on Interest Rate Collar Agreements		Total
Balance, February 28, 2022	$	(19,019	)	$	—		$	—	$	(19,019	)
Other comprehensive loss		(56,306	)		(856	)		—		(57,162	)
Tax effects		7,578			—			—		7,578
Other comprehensive loss		(48,728	)		(856	)		—		(49,584	)
Balance, February 28, 2023		(67,747	)		(856	)		—		(68,603	)
Other comprehensive gain		17,577			902			1,830		20,309
Tax effects		1,459			—			—		1,459
Other comprehensive gain		19,036			902			1,830		21,768
Balance, February 29, 2024	$	(48,711	)	$	46		$	1,830	$	(46,835	)

The effect of amounts reclassified out of unrealized holding losses on derivatives into net loss was as follows:

	Fiscal Year Ended
($ in thousands)	February 29, 2024		February 28, 2023
Reclassifications:
Cost of revenue	$	141	$	201
Research and development		132		177
Sales and marketing		7		7
General and administrative		59		90
Total	$	339	$	475

The effect of amounts reclassified out of unrealized gains for interest rate collars as on offset to interest expense was as follows:

	Fiscal Year Ended
($ in thousands)	February 29, 2024
Reclassifications:
$100 million notional interest rate collar	$	(678	)
$200 million notional interest rate collar		(897	)
Total	$	(1,575	)

The Company reclassed $0.4 million from foreign currency translation adjustment to loss on disposition included in general and administrative expense in the Consolidated Statements of Operations during the fiscal year ended February 28, 2023 as a result of the subsidiary disposition in February 2023.

The Company did not reclass any items to the Consolidated Statements of Operations from accumulated other comprehensive loss during the year ended February 28, 2022.

Accumulated foreign currency translation adjustments are reclassified to net income (loss) when realized upon sale or upon complete, or substantially complete, liquidation of the investment in the foreign entity.

See Note 15, Financial Instruments for additional information related to the Company's derivative instruments.