Income Taxes

3 Months Ended

May 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

17. Income Taxes

The Company is subject to U.S. federal income tax as well as income taxes of multiple state jurisdictions. The quarterly income tax provision was computed based on the Company's estimated annualized effective tax rate and the full-year forecasted income or loss plus the tax impact of unusual, infrequent, or nonrecurring significant items during the period.

The Company's effective tax rate for the three months ended May 31, 2025 and 2024 was 27.5%. The Company made cash payments for income taxes, net of income tax refunds, of $0.2 million and $0.3 million for the three months ended May 31, 2025 and 2024, respectively.