Restructuring Plan (Tables)

6 Months Ended

Aug. 31, 2023

Restructuring and Related Activities [Abstract]

Summary of restructuring charges recorded

The following tables summarize restructuring charges recorded as a result of Project Pegasus for the periods presented:

	Three Months Ended August 31, 2023
(in thousands)	Home & Outdoor		Beauty & Wellness		Total
Severance and employee related costs	$	87	$	501	$	588
Professional fees	1,182		1,719		2,901
Contract termination	—		108		108
Other	2		18		20
Total restructuring charges	$	1,271	$	2,346	$	3,617

	Three Months Ended August 31, 2022
(in thousands)	Home & Outdoor		Beauty & Wellness		Total
Severance and employee related costs	$	472	$	2,369	$	2,841
Professional fees	—		128		128
Contract termination	—		1,500		1,500
Other	—		307		307
Total restructuring charges	$	472	$	4,304	$	4,776

	Six Months Ended August 31, 2023						Total Incurred Since Inception
(in thousands)	Home & Outdoor		Beauty & Wellness		Total
Severance and employee related costs	$	571	$	909	$	1,480	$	10,933
Professional fees	3,451		5,076		8,527		25,276
Contract termination	—		796		796		1,331
Other	39		130		169		794
Total restructuring charges	$	4,061	$	6,911	$	10,972	$	38,334

	Six Months Ended August 31, 2022
(in thousands)	Home & Outdoor		Beauty & Wellness		Total
Severance and employee related costs	$	472	$	2,371	$	2,843
Professional fees	—		128		128
Contract termination	—		1,500		1,500
Other	—		307		307
Total restructuring charges	$	472	$	4,306	$	4,778

Rollforward of restructuring reserve

The tables below present a rollforward of our accruals related to Project Pegasus, which are included in accounts payable and accrued expenses and other current liabilities:

(in thousands)	Balance at February 28, 2023		Charges		Payments		Balance at August 31, 2023
Severance and employee related costs	$	3,173	$	1,480	$	(3,422)	$	1,231
Professional fees	3,201		8,527		(10,635)		1,093
Contract termination	160		796		(956)		—
Other	34		169		(203)		—
Total	$	6,568	$	10,972	$	(15,216)	$	2,324

(in thousands)	Balance at February 28, 2022		Charges		Payments		Balance at August 31, 2022
Severance and employee related costs	$	—	$	2,843	$	(802)	$	2,041
Professional fees	—		128		(128)		—
Contract termination	—		1,500		—		1,500
Other	—		307		(307)		—
Total	$	—	$	4,778	$	(1,237)	$	3,541