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Pension Plan (Tables)
3 Months Ended
May 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

 

 

 

May 31,

 

 

 

2021

 

 

2020

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

Service cost

 

$

269

 

 

$

318

 

Interest cost

 

 

420

 

 

 

438

 

Expected return on plan assets

 

 

(931

)

 

 

(1,019

)

Amortization of:

 

 

 

 

 

 

 

 

Unrecognized net loss

 

 

640

 

 

 

840

 

Net periodic benefit cost

 

$

398

 

 

$

577