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Pension Plan (Tables)
6 Months Ended
Aug. 31, 2021
Compensation And Retirement Disclosure [Abstract]  
Summary of Pension Expense Composed of Components Included in Cost of Goods Sold and Selling, General and Administrative Expenses

Pension expense is composed of the following components included in cost of goods sold and selling, general, and administrative expenses in the Company’s consolidated statements of earnings (in thousands):

 

 

 

Three months ended

 

 

Six months ended

 

 

 

August 31,

 

 

August 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

268

 

 

$

318

 

 

$

537

 

 

$

636

 

Interest cost

 

 

421

 

 

 

439

 

 

 

841

 

 

 

877

 

Expected return on plan assets

 

 

(930

)

 

 

(1,018

)

 

 

(1,861

)

 

 

(2,037

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized net loss

 

 

640

 

 

 

839

 

 

 

1,280

 

 

 

1,679

 

Net periodic benefit cost

 

$

399

 

 

$

578

 

 

$

797

 

 

$

1,155