Income Taxes (Tables)

12 Months Ended

Feb. 29, 2024

Income Tax Disclosure [Abstract]

Sources of income from continuing operations before income taxes

The sources of income (loss) from continuing operations before income taxes and earnings of unconsolidated equity method investment for the years ended February 29, 2024, and February 28, 2023 and 2022, were as follows:

	Year Ended February 29,		Year Ended February 28,
	2024		2023		2022
U.S. operations	$	25,029	$	21,172	$	20,803
Non-U.S. operations	79,347		64,865		(310,054)
Income (loss) from continuing operations before income taxes and earnings of unconsolidated equity method investment	$	104,376	$	86,037	$	(289,251)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the income tax provision (benefit) for the years ended February 29, 2024, and February 28, 2023 and 2022, consisted of the following:

	Year Ended February 29,		Year Ended February 28,
	2024		2023		2022
Current:
United States:
Federal	$	2,484	$	5,671	$	247
State	2,249		1,667		161
Non-U.S.	(1,521)		4,438		980
Current income tax provision	3,212		11,776		1,388
Deferred:
United States:
Federal	5,415		(728)		5,206
State	1,120		(341)		1,593
Non-U.S.	13,518		14,759		(16,185)
Deferred income tax (benefit)	20,053		13,690		(9,386)
Total	$	23,265	$	25,466	$	(7,998)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax assets and liabilities at February 29, 2024 and February 28, 2023, consisted of the following:

	Year Ended February 29,		Year Ended February 28,
	2024		2023
Deferred tax assets:
Net operating loss carry forwards	$	239,306	$	145,299
Interest expense carry forwards	2,085		1,139
Other	23,426		26,041
Valuation allowance	(53,408)		—
Total deferred tax assets	211,409		172,479
Deferred tax liabilities:
Accelerated depreciation	(299,957)		(233,340)
Other	(11,809)		(18,825)
Total deferred tax liabilities	(311,766)		(252,165)
Net deferred tax liabilities	$	(100,357)	$	(79,686)

Analysis of effective income tax rate for continuing operations

Differences between statutory income tax rates and our effective income tax rates applied to pre-tax income from continuing operations for the years ended February 29, 2024, and February 28, 2023 and 2022, consisted of the following:

	Year Ended February 29,		Year Ended February 28,
	2024		2023		2022
Notional U.S. federal income tax expense at the statutory rate:	$	21,919	$	18,068	$	(60,742)
U.S. state and local income tax, net	1,098		928		1,237
Non-U.S. operations:
Bermuda	(6,659)		(12,039)		27,751
Ireland	5,709		19,279		23,510
Singapore	(2)		27		174
Other low tax jurisdictions	64		152		(15)
Non-deductible expenses in the U.S.	29		19		16
Other	1,107		(968)		71
Provision (benefit) for income taxes	$	23,265	$	25,466	$	(7,998)