Income Taxes

3 Months Ended

May 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

12. Income Taxes

The provision for income taxes reflects an effective tax rate of 22.4% for the three months ended May 31, 2024, compared to 25.3% for the three months ended May 31, 2023. The decrease in the effective tax rate is attributable to higher discrete items driven by tax deductions for stock compensation.