Pension Plan (Tables)

6 Months Ended

Aug. 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						Six months ended
	August 31,						August 31,
	2022			2021			2022			2021
Components of net periodic benefit cost
Service cost	$	236		$	268		$	472		$	537
Interest cost		491			421			983			841
Expected return on plan assets		(925	)		(930	)		(1,850	)		(1,861	)
Amortization of:
Unrecognized net loss		603			640			1,205			1,280
Settlement Charges		-			-			-			-
Net periodic benefit cost	$	405		$	399		$	810		$	797