Pension Plan (Tables)

9 Months Ended

Nov. 30, 2022

Retirement Benefits [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						Nine months ended
	November 30,						November 30,
	2022			2021			2022			2021
Components of net periodic benefit cost
Service cost	$	236		$	269		$	708		$	806
Interest cost		492			420			1,475			1,261
Expected return on plan assets		(924	)		(931	)		(2,774	)		(2,792	)
Amortization of:
Unrecognized net loss		601			639			1,806			1,919
Settlement charges		786			750			786			750
Net periodic benefit cost	$	1,191		$	1,147		$	2,001		$	1,944