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Income Taxes
 9 Months Ended
Nov. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes
The following table outlines income or loss and the related tax expense (benefit) from discontinued operations for the three and nine months ended November 30, 2022 and 2021 (in thousands):
Three Months Ended November 30,Nine Months Ended November 30,
2022202120222021
Income from discontinued operations before income taxes$1,202 $7,296 $21,053 $23,123 
Income tax (expense) benefit(133)682 (3,927)289 
Income from discontinued operations, net of tax$1,069 $7,978 $17,126 $23,412 
Loss on disposal of discontinued operations$(45,010)$— $(159,910)$— 
Income tax benefit4,960 — 29,837 — 
Loss on disposal of discontinued operations, net of tax$(40,050)$— $(130,073)$— 
The provision for income taxes from continuing operations reflects an effective tax rate of 11.7% for the three months ended November 30, 2022, compared to 33.6% for the three months ended November 30, 2021. The decrease in the effective tax rate was primarily attributable to the tax benefit from an outside basis difference between book and tax in the Company's investment in the AIS JV.
The provision for income taxes from discontinued operations reflects an effective tax rate of 11.0% for the three months ended November 30, 2022, compared to (9.3)% for the three months ended November 30, 2021. The increase is related to an unfavorable permanent adjustment for cumulative translation adjustment that, for tax purposes, is non-deductible.
For the nine months ended November 30, 2022, the effective tax rate from continuing operations was 23.8%, compared to 32.5% for the prior year comparable period. The decrease in the effective tax rate is the result of unfavorable adjustments related to uncertain tax positions recorded in the prior year comparable period and to the tax benefit from an outside basis difference between book and tax in the Company's investment in the AIS JV.
The provision for income taxes from discontinued operations reflects an effective tax rate of 18.7% for the nine months ended November 30, 2022, compared to (1.2)% for the nine months ended November 30, 2021. The increase is related to an unfavorable permanent adjustment for cumulative translation adjustment that, for tax purposes, is non-deductible.