Pension Plan (Tables)

9 Months Ended

Nov. 30, 2023

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						Nine months ended
	November 30,						November 30,
	2023			2022			2023			2022
Components of net periodic benefit cost
Service cost	$	168		$	236		$	504		$	708
Interest cost		614			492			1,841			1,475
Expected return on plan assets		(776	)		(924	)		(2,328	)		(2,774	)
Amortization of:
Unrecognized net loss		474			601			1,422			1,806
Settlement charges		-			786			-			786
Net periodic benefit cost	$	480		$	1,191		$	1,439		$	2,001