Supply Chain Financing

9 Months Ended

Nov. 30, 2021

Supply Chain Financing [Abstract]

Supply Chain Financing

(9) Supply Chain Financing

The Company has supply chain financing agreements and factoring agreements that were entered into for the purpose of accelerating receivable collection and better managing cash flow. The balances under the agreements are sold without recourse and are accounted for as sales of accounts receivable. Total receivable balances sold for the three and nine months ended November 30, 2021, net of discounts, were $20,681 and $62,136, respectively, compared to $20,876 and $60,039 for the three and nine months ended November 30, 2020, respectively.