Income Taxes

3 Months Ended

May 31, 2023

Income Tax Disclosure [Abstract]

Income taxes

12. Income Taxes

Continuing Operations

The provision for income taxes from continuing operations reflects an effective tax rate of 25.3% for the three months ended May 31, 2023, compared to 25.0% for the three months ended May 31, 2022.

Discontinued Operations

The following table outlines income or loss and the related tax expense (benefit) from discontinued operations for the three months ended May 31, 2022 (in thousands):

	Three Months Ended
	May 31, 2022
Income from discontinued operations before income taxes	$	11,175
Income tax (expense) benefit	(2,451)
Income from discontinued operations, net of tax	$	8,724

The provision for income taxes from discontinued operations reflects an effective tax rate of 21.9% for the three months ended May 31, 2022.