Pension Plan (Tables)

9 Months Ended

Nov. 30, 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		Nine months ended
	November 30,		November 30,
	2021	2020	2021	2020
Components of net periodic benefit cost
Service cost	$269	$318	$806	$954
Interest cost	420	438	1,261	1,315
Expected return on plan assets	(931)	(1,019)	(2,792)	(3,056)
Amortization of:
Unrecognized net loss	639	840	1,919	2,519
Settlement Charges	750	-	750	-
Net periodic benefit cost	$1,147	$577	$1,944	$1,732