Pension Plan (Tables)

3 Months Ended

May 31, 2022

Retirement Benefits [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,
	2022			2021
Components of net periodic benefit cost
Service cost	$	236		$	269
Interest cost		492			420
Expected return on plan assets		(925	)		(931	)
Amortization of:
Unrecognized net loss		602			640
Settlement Charges		-			-
Net periodic benefit cost	$	405		$	398