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Pension Plan (Tables)
9 Months Ended
Nov. 30, 2024
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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

166

 

 

$

168

 

 

$

498

 

 

$

504

 

Interest cost

 

 

649

 

 

 

614

 

 

 

1,947

 

 

 

1,841

 

Expected return on plan assets

 

 

(755

)

 

 

(776

)

 

 

(2,265

)

 

 

(2,328

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized net loss

 

 

436

 

 

 

474

 

 

 

1,308

 

 

 

1,422

 

Net periodic benefit cost

 

$

496

 

 

$

480

 

 

$

1,488

 

 

$

1,439