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Pension Plan (Tables)
9 Months Ended
Nov. 30, 2020
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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

318

 

 

$

272

 

 

$

954

 

 

$

816

 

Interest cost

 

 

438

 

 

 

564

 

 

 

1,315

 

 

 

1,691

 

Expected return on plan assets

 

 

(1,019

)

 

 

(1,049

)

 

 

(3,056

)

 

 

(3,148

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized net loss

 

 

840

 

 

 

509

 

 

 

2,519

 

 

 

1,527

 

Net periodic benefit cost

 

$

577

 

 

$

296

 

 

$

1,732

 

 

$

886