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Pension Plan (Tables)
9 Months Ended
Nov. 30, 2019
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

 

 

Nine months ended

 

 

 

November 30,

 

 

November 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

272

 

 

$

277

 

 

$

816

 

 

$

830

 

Interest cost

 

 

564

 

 

 

568

 

 

 

1,691

 

 

 

1,705

 

Expected return on plan assets

 

 

(1,049

)

 

 

(1,028

)

 

 

(3,148

)

 

 

(3,082

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized net loss

 

 

509

 

 

 

512

 

 

 

1,527

 

 

 

1,535

 

Net periodic benefit cost

 

$

296

 

 

$

329

 

 

$

886

 

 

$

988